Key Trends:

Cancer is caused when the cells present within the body grow at an uncontrolled rate resulting in the formation of a tumor. Cancer has different stages supported its progression. Metastasis is that the end of the disease, which is marked by the invasion of tumor into others parts of body.

The three main sorts of drugs used for cancer, supported their mechanism of action, are cytotoxic drugs, targeted drugs, and hormonal drugs.Various types of cancer that can be treated by oncology drugs are blood cancer, endocrine cancer, lung cancer, bone cancer, skin cancer, genitourinary cancer, gastrointestinal cancer, breast cancer, eye cancer, head and neck cancers and gynaecologic cancer.

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Due to high growth rate in the oncology drugs market in next few years due to increasing incidence of cancer cases,Increasing prevelance of using tobacco products and growth in aging population in the region.

Market Overview:

Increased prevalence of cancer, unhealthy lifestyle, and increasing geriatric population are the first factors driving the Global Oncology Drugs market growth.

However, the high cost of the drug & development process and side effects of the drug are the factors hampering the market growth. the event of pipeline oncology products and expiry of key patents are providing a chance for the manufacturers of cancer drugs.

Moreover,increasing R&D activities by local players such as Spark Therapeutics, Inc. and Kite Pharmaceuticals and increasing product approvals by the U.S. FDA are boosting the market growth in North America.

Regional Analysis:

Regionally Oncology/Cancer drugs market divide across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).

Growing demographics and economies in the developing countries such as China and India are expected to offer good opportunities in oncology drugs market in Asia.

North America occupied dominant positon in nearly half share of the global oncology/cancer drugs market in 2017.

Competitive Landscape

Major players operating in the global oncology drugs market include, Hoffmann-La Roche AG, Novartis International AG, Celgene Corporation, Johnson & Johnson, Bristol-Myers Squibb, Pfizer Inc., Merck & Co., Eli Lilly and Company, AbbVie, Inc., AstraZeneca plc., Bayer AG, and Amgen Inc.

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