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insightfulblogz · 9 days ago

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Breast Cancer Therapeutics Market Segmentation Analysis, Prominent Regions, and Forecast to 2032

Breast cancer remains one of the most common cancers affecting women worldwide, and its treatment landscape has evolved significantly over the past few decades. Today, breast cancer therapeutics range from traditional chemotherapy and radiation to more advanced targeted therapies, immunotherapies, and hormonal treatments. These treatments aim to target cancerous cells more precisely, reduce side effects, and improve survival rates. Breakthroughs in personalized medicine and biomarker-driven therapies are leading to more effective and less invasive treatment options. With the continued evolution of breast cancer therapeutics, there is hope for significantly improving patient outcomes and the quality of life for those affected by the disease.

The Breast Cancer Therapeutics Market size was valued at USD 30.22 billion in 2022 and is expected to reach USD 79.77 billion by 2030 with a growing CAGR of 12.9% over the forecast period of 2023-2030.

Future Scope:

The future of breast cancer therapeutics lies in the continued development of targeted therapies, which are designed to attack specific molecular markers on cancer cells, minimizing damage to healthy tissue. Immunotherapy is another area of active research, where treatments work to stimulate the body’s immune system to recognize and fight cancer cells. The growing trend of personalized medicine—tailoring treatment based on the individual’s genetic profile—offers significant promise, as it allows healthcare providers to select the most effective therapies for each patient. Additionally, the integration of liquid biopsy techniques, which detect cancer biomarkers in blood, could lead to earlier and more accurate diagnoses, allowing for earlier interventions and more targeted treatments.

Emerging Trends:

One of the most exciting trends in breast cancer therapeutics is the rise of immune checkpoint inhibitors and CAR-T cell therapies, which are showing remarkable potential in clinical trials. These therapies aim to harness the body’s immune system to more effectively target and destroy cancer cells. PARP inhibitors, which are particularly effective for BRCA1 and BRCA2 mutations, are also gaining attention in the treatment of breast cancer, providing new options for patients with hereditary forms of the disease. Advances in precision oncology are enabling treatments tailored to the unique genetic and molecular makeup of each patient’s tumor, ensuring a more personalized and effective approach to therapy. Furthermore, combination therapies are being explored, where multiple therapeutic agents are used in tandem to increase treatment efficacy and overcome resistance to single agents.

Applications:

Breast cancer therapeutics are applied in a range of clinical settings, from early detection to treatment and post-treatment care. Chemotherapy, hormone therapy, and radiation therapy remain core components in treating breast cancer, especially for advanced stages. Targeted therapies are used to treat specific subtypes of breast cancer, such as HER2-positive or triple-negative breast cancer. Immunotherapy is being applied to advanced or metastatic cases, helping to shrink tumors and improve survival rates. Emerging therapies like PARP inhibitors are used for patients with specific genetic mutations. Additionally, breast cancer therapeutics are also crucial in neoadjuvant settings, where treatment is provided before surgery to shrink tumors and improve surgical outcomes.

Key Points:

Personalized medicine and biomarker-driven therapies are revolutionizing breast cancer treatment.

Immunotherapies, including immune checkpoint inhibitors and CAR-T cells, are showing promise.

Precision oncology tailors treatments to the genetic makeup of individual tumors.

Liquid biopsy techniques could enable earlier and more accurate diagnoses.

Combination therapies offer new avenues for improving treatment efficacy.

Conclusion:

As our understanding of breast cancer deepens, the landscape of therapeutics continues to evolve, offering hope for more effective, personalized, and less invasive treatments. From advanced targeted therapies to groundbreaking immunotherapies, the future of breast cancer treatment holds promise for better outcomes and improved quality of life for patients. With continued research and clinical trials, the fight against breast cancer is becoming more precise, offering patients more tailored solutions and increasing survival rates across the globe.

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Akash Anand — Head of Business Development & Strategy

Email: [email protected]

Phone: +1–415–230–0044 (US) | +91–7798602273 (IND)

#Breast Cancer Therapeutics Market #Breast Cancer Therapeutics Market Size #Breast Cancer Therapeutics Market Share #Breast Cancer Therapeutics Market Growth #Breast Cancer Therapeutics Market Trends

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stevenwilliam12 · 17 days ago

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Target Population Dynamics and FGFR Market Growth Forecast: Key Insights to 2034

Introduction to the FGFR Market

The fibroblast growth factor receptor (FGFR) family plays a pivotal role in cell growth, differentiation, angiogenesis, and survival. FGFR signaling is implicated in various cancers and other diseases, making it a significant target for drug development. As a result, the FGFR market is witnessing considerable growth, with a focus on therapies targeting FGFR mutations and pathways. This article provides a comprehensive overview of the FGFR market size, target population, competitive landscape, and a market forecast through 2034.

Market Size and Growth Drivers

The FGFR inhibitors market has grown steadily over the last decade due to advancements in targeted therapies and the increasing incidence of cancers with FGFR mutations, such as bladder, breast, liver, and lung cancers. The FGFR market's growth is driven by:

Rising Cancer Incidence: A significant driver for FGFR-targeted therapies is the increasing incidence of FGFR-mutant cancers globally. Bladder, cholangiocarcinoma, and lung cancers show high FGFR mutation prevalence, making them a prime focus for FGFR inhibitors.

Innovative Targeted Therapies: FGFR inhibitors have shown promise in selectively targeting cancer cells with FGFR mutations, leading to enhanced efficacy and minimized adverse effects.

Regulatory Support and Orphan Drug Designations: Regulatory bodies, including the FDA and EMA, have accelerated the development of FGFR-targeted therapies, with several FGFR inhibitors receiving orphan drug designations, expedited review, and priority designations.

Target Population and Key Therapeutic Areas

The FGFR market encompasses multiple patient segments across various cancer types. Some key areas include:

Bladder Cancer: FGFR3 mutations are commonly found in urothelial bladder cancer, making it a significant segment for FGFR inhibitors. Erdafitinib, approved for FGFR-mutant bladder cancer, is a leading therapy in this space.

Cholangiocarcinoma: FGFR2 fusion mutations are prevalent in cholangiocarcinoma, creating a strong demand for targeted treatments in this patient population.

Lung and Breast Cancer: FGFR mutations are observed in subsets of patients with lung and breast cancers, presenting additional opportunities for FGFR-targeted therapies.

Pediatric Conditions: In addition to oncology, FGFR inhibitors are being explored for pediatric skeletal dysplasias, such as achondroplasia, offering potential non-cancer applications for these drugs.

Competitive Landscape: Key Players and Products

The FGFR inhibitors market features a mix of established pharmaceutical companies and innovative biotech firms actively developing FGFR-targeted therapies. Key players in the competitive landscape include:

Janssen Pharmaceuticals: Janssen’s Erdafitinib (Balversa) is one of the first FGFR inhibitors approved for FGFR-mutant bladder cancer, positioning the company as a leader in FGFR-targeted oncology treatments.

Incyte Corporation: Incyte’s Pemigatinib (Pemazyre) targets FGFR2 fusions in cholangiocarcinoma and has received regulatory approval in multiple regions, making it a front-runner for FGFR-targeted therapy in biliary cancers.

Blueprint Medicines: With Pralsetinib and Avapritinib targeting FGFR pathways, Blueprint Medicines is expanding its footprint in precision oncology, leveraging its expertise in kinase inhibitors to address FGFR-driven tumors.

QED Therapeutics: The biotech firm QED Therapeutics has developed Infigratinib, an FGFR1–3 inhibitor focused on cholangiocarcinoma and bladder cancer. Infigratinib is positioned to capture market share in these segments as an FGFR-targeted therapy.

Roche/Genentech: Roche is investing heavily in research to develop FGFR inhibitors, targeting both FGFR-mutant cancers and rare conditions involving FGFR dysregulation.

These companies are exploring both monotherapy and combination therapies with FGFR inhibitors to improve response rates and address resistance mechanisms in various cancers.

FGFR Inhibitors in Clinical Trials

Several FGFR-targeted therapies are in various phases of clinical development, addressing a wide range of cancers and genetic disorders. Ongoing clinical trials are focused on optimizing the dosage, efficacy, and safety profiles of FGFR inhibitors, with promising results emerging from Phase II and III studies.

For instance:

Erdafitinib is being evaluated in combination with immune checkpoint inhibitors for bladder cancer.

Pemigatinib is undergoing trials for broader applications in solid tumors with FGFR alterations.

Novel FGFR inhibitors are being developed to overcome resistance in patients with mutations in the FGFR1–3 genes, which limit the efficacy of current therapies.

These trials play a crucial role in determining optimal patient populations, dosing schedules, and combination strategies, ultimately guiding the future of FGFR-targeted treatments.

FGFR Market Forecast to 2034

Looking ahead, the FGFR market is anticipated to grow significantly through 2034, with a robust CAGR driven by:

Expanded Indications: The identification of FGFR mutations across multiple cancer types will expand the potential market for FGFR inhibitors, leading to a broader target population.

Combination Therapies: Combining FGFR inhibitors with immune-oncology drugs and other targeted therapies is likely to enhance efficacy, reduce drug resistance, and improve long-term outcomes, fueling further market growth.

Personalized Medicine and Diagnostics: Advances in molecular diagnostics will facilitate earlier detection of FGFR mutations, ensuring that patients receive targeted therapies tailored to their genetic profiles. This personalized approach is expected to drive adoption of FGFR inhibitors and improve outcomes.

Strategic Collaborations and Partnerships: Collaborations between pharmaceutical companies, research institutions, and biotech firms are expected to expedite the development and commercialization of FGFR therapies, expanding the market and accelerating patient access to new treatments.

Orphan Designations and Regulatory Support: With several FGFR inhibitors receiving orphan drug and fast-track designations, companies are likely to benefit from reduced time-to-market, encouraging continued investment in FGFR-targeted drug development.

Conclusion

The FGFR market is poised for dynamic growth, driven by the increasing incidence of FGFR-mutant cancers, innovative therapies, and supportive regulatory environments. As research uncovers new applications for FGFR inhibitors in oncology and rare diseases, the market landscape will continue to expand, offering promising treatment options for a range of challenging conditions. With an expanding pipeline, strategic collaborations, and advancements in molecular diagnostics, FGFR-targeted therapies are set to transform patient care, providing hope for improved outcomes across oncology and beyond.

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#FGFR #FGFR Market #FGFR Forecast #FGFR Companies #FGFR Therapies #FGFR Epidemiology #FGFR Pipeline #FGFR Market Size #FGFR Market Trends

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marketingreportz · 22 days ago

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Precision Medicine Market - Forecast(2024 - 2030)

Precision Medicine Market Overview

Precision Medicine Market size is $113.76Bn in 2019, growing at a CAGR of 13.2% during the forecast period 2020–2025. Precision medicine is also called personalized medicine or individualized medicine is an approach that protects health and treat diseases taking into account an individual variability in genes, environment and lifestyle for every individual. It includes the use of system biology to determine the reason for an individual patient’s illness at the molecular diagnosis level. It uses advanced technologies in clinical and basic research to develop therapeutics that selectively target panomic analysis and kill cancer cells. It allows doctors and researchers to predict more accurately which treatment and prevention strategies should be adopted for a particular disease or condition.

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Report Coverage

By Indication: Respiratory Disorders, Oncology, Immunology, Central Nervous System (CNS), Infectious Diseases and Others. By Technology: Drug Discovery, Gene Sequencing, Bioinformatics, Big Data Analysis and Others. By Drugs Type: Mepolizumab, Alectinib, Aripiprazole Lauroxil and Others. By End User: Hospitals/Clinics, Pharmaceuticals, Diagnostic Centers and Others By Geography: North America, Europe, Asia-Pacific and Rest of the World

Key Takeaways

Increasing awareness amongst people for early treatment of disease is set to propel the growth of the market.

Increasing prevalence of cancer is the driving factors for the growth of Precision Medicine market.

Increased geriatric population with modernized routine disorders aiding growth towards the market.

Europe region is estimated to record the fastest growth rate during the forecast period 2020–2025.

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By Indication — Segment Analysis

In 2019, Oncology segment dominated the Precision Medicine Market in terms of revenue is estimated to grow at a CAGR of 11.2%. Precision medicine helps in the treatment of cancer patients by including surgery, chemotherapy, radiation therapy and immunotherapy depending on the cancerous tumor cell size. Precision medicine gives the information about genetic changes of tumor in individuals which helps in deciding the treatment procedures. Mepolizumab is an effective medicine for breast and lung cancer abetting towards the market’s growth.

Geography — Segment Analysis

In 2019, the North America region dominated Precision Medicine Market in terms of revenue with a market share of 39% owing towards owing to the presence of established payers and an increase in the number of cancer patients in the region. This growth can be attributed towards the increasing research & development initiatives and government support for the improvement of the healthcare sector. U.S holds the biggest market for central nervous system treatment, followed by Canada in North America. The increasing awareness about the health and availability of new treatment methods drives the market in this region is key factors in the growth of the Precision Medicine market. Europe is estimated to record the fastest growth rate during the forecast period 2020–2025.

Drivers — Precision Medicine Market

Increasing In The Prevalence Of Cancer

According to World Health Organization (WHO), in 2018, 9.6 million people worldwide died of cancer. Cancer is said to be one of the leading causes of death globally. The increasing incidence of cancer has increased the need for cancer therapies is rising with the increasing number of cancer cases and deaths caused by genetic cancerous tumors. Government focusing on the drug development for the reduction of cancer cases is the other major factor driving growth. Increasing healthcare expenditure by various countries is also contributing to the market growth.

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Challenges — Precision Medicine Market

Cost and Time Associated with Development

High cost is associated with the development and manufacture of genomic precision drugs. The long period of research and development and also the clinical trials take long time. Technologies such as sequencing large amounts of DNA are expensive to carry out (although the cost of sequencing is decreasing quickly) hampering the market’s growth. Strict regulations and patent expiry of various drugs may act key restraining factors for the Precision Medicine Market.

Precision Medicine Industry Outlook

Product Launches was the key strategy of the players in the Precision Medicine Industry. Precision Medicine top 10 companies include Medtronic PLC, Pfizer Inc., Novartis AG, Qiagen NV, Teva Pharmaceuticals, AstraZeneca plc., Takeda Pharmaceutical Company Ltd., Merck& Co. Inc., Teijin Pharma Ltd. and Thermo Fisher Scientific Inc.

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Acquisitions/Product Launches

In January 2020, Merck& Co. Inc acquired ArQule, Inc. This acquisition helped the company in increasing the oncology product production.

In January 2019, Takeda Pharmaceutical Company Ltd acquired Shire plc. This acquisition helped the company in accelerating transformation journey to deliver highly-innovative medicines to patients around the world with expanded scale and geographical footprint.

The precision medicine market is rapidly evolving, driven by advancements in genomics, biotechnology, and data analytics. This innovative approach to healthcare tailors medical treatment to individual characteristics, such as genetic makeup, lifestyle, and environmental factors, rather than a one-size-fits-all model. As the demand for personalized healthcare solutions grows, investments in research and development have surged, leading to the creation of targeted therapies, biomarkers, and companion diagnostics. Major pharmaceutical and biotech companies are increasingly collaborating with academic institutions and research organizations to accelerate the discovery and development of precision medicine therapies, contributing to the market’s growth.

Additionally, the increasing prevalence of chronic diseases, along with rising healthcare costs, is propelling the adoption of precision medicine. Patients are seeking more effective and efficient treatment options, which has resulted in a shift towards value-based care models. Regulatory bodies are also playing a crucial role by providing frameworks for the approval of personalized therapies and diagnostics. As the precision medicine market continues to expand, it presents opportunities for improved patient outcomes, reduced healthcare costs, and enhanced drug efficacy, positioning itself as a key component of the future of healthcare.

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#PrecisionMedicine #PersonalizedMedicine #Genomics #TargetedTherapy #HealthcareInnovation

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omshinde5145 · 3 months ago

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Image-guided Radiation Therapy (IGRT) Market Share, Sales Channels and Overview Till 2030

The Image-guided Radiation Therapy (IGRT) Market is expected to grow from USD 1.7 billion in 2023-e to USD 2.4 billion by 2030, at a CAGR of 5.3% during the forecast period. Image-Guided Radiation Therapy (IGRT) is an advanced form of radiation therapy that uses imaging techniques to precisely target cancer cells. The image-guided radiation therapy (IGRT) market is expected to grow significantly due to the ability of IGRT to deliver precise doses at the site of action and improve patient outcomes with reduced time of therapy. The accuracy of radiation therapy is increased when cutting-edge imaging technologies are incorporated into the treatment plan. This is especially crucial when treating tumors in motion-prone areas such as the prostate or lungs that are close to important structures.

IGRT is a medical procedure used in radiation oncology to target malignant tumors with therapeutic radiation with the least amount of damage to the surrounding healthy tissues. The integration of imaging technologies with the planning and delivery of radiation therapy treatment is the fundamental component of IGRT. This guarantees that, even in cases where the tumor position varies as a result of factors such as organ motion, anatomical changes in the patient, or respiratory motion, the radiation is precisely targeted to the tumor.

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The IGRT market is influenced by several key factors:

Technological Advancements:

Continuous innovation in imaging and radiation delivery systems is driving the IGRT market forward. Enhanced imaging techniques, such as cone-beam CT, MRI, and PET scans, are enabling more precise tumor localization and treatment planning.

Integration of artificial intelligence (AI) and machine learning (ML) in IGRT systems is further optimizing treatment accuracy and efficiency. AI-powered algorithms can predict tumor movements and adjust radiation doses in real-time, ensuring optimal treatment outcomes.

Rising Cancer Prevalence:

The global burden of cancer is increasing, with millions of new cases diagnosed each year. This rise in cancer incidence is fueling the demand for advanced treatment options like IGRT.

According to the World Health Organization (WHO), the global cancer burden is expected to reach 27.5 million new cases by 2040. This surge underscores the critical need for effective and precise treatments, making IGRT a vital component of modern oncology.

Increased Healthcare Spending:

Governments and healthcare organizations are investing heavily in advanced medical technologies to improve cancer care. This increased funding is facilitating the adoption of IGRT systems in hospitals and cancer treatment centers worldwide.

Public and private healthcare insurers are recognizing the long-term benefits of IGRT in terms of improved patient outcomes and reduced healthcare costs, leading to broader reimbursement policies and greater accessibility.

Growing Awareness and Acceptance:

Awareness campaigns and educational initiatives are highlighting the benefits of IGRT among patients and healthcare providers. As more people become informed about the advantages of this technology, the demand for IGRT is steadily rising.

Professional organizations and regulatory bodies are endorsing IGRT as a standard practice in radiation therapy, further driving its adoption.

Market Segmentation

The IGRT market can be segmented based on technology, application, end-user, and region:

Technology:

Cone-Beam Computed Tomography (CBCT)

Electronic Portal Imaging Devices (EPID)

MRI-guided Radiation Therapy

Positron Emission Tomography (PET)

Application:

Lung Cancer

Prostate Cancer

Breast Cancer

Head and Neck Cancer

Others

End-User:

Hospitals

Ambulatory Radiotherapy Centers

Cancer Research Institutes

Region:

North America

Europe

Asia-Pacific

Latin America

Middle East & Africa

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Future Prospects

The future of the IGRT market looks promising, driven by ongoing research and development, technological innovations, and increasing adoption of precision medicine. Key trends to watch in the coming years include:

Advancements in Imaging Technology:

Continuous improvements in imaging modalities will enhance the accuracy and efficacy of IGRT. High-resolution imaging and real-time monitoring will become more sophisticated, allowing for even more precise targeting of tumors.

Integration of AI and ML:

The integration of AI and ML will revolutionize IGRT by enabling adaptive radiation therapy. AI algorithms will predict tumor responses, adjust treatment plans dynamically, and minimize radiation exposure to healthy tissues.

Personalized Cancer Treatment:

Precision medicine will play a crucial role in IGRT, tailoring treatments to individual patients based on genetic profiles, tumor characteristics, and treatment responses. This personalized approach will improve treatment outcomes and reduce side effects.

Global Expansion:

The IGRT market will expand globally, with emerging economies adopting advanced cancer treatment technologies. Increased healthcare infrastructure and government support will drive market growth in regions like Asia-Pacific and Latin America.

Conclusion

Image-Guided Radiation Therapy (IGRT) represents a significant leap forward in cancer treatment, offering unparalleled precision and effectiveness. The IGRT market is poised for substantial growth, driven by technological advancements, rising cancer prevalence, increased healthcare spending, and growing awareness. As we look to the future, continued innovation and integration of cutting-edge technologies will further enhance the capabilities of IGRT, ultimately transforming the landscape of cancer care and improving the lives of countless patients worldwide.

#Image-Guided Radiation Therapy #Image-Guided Radiotherapy #Image-Guided Radiotherapy Growth

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tamanna31 · 3 months ago

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Pharmacy Market Dynamics, Top Manufacturers Analysis, Trend And Demand, Forecast To 2030

Pharmacy Industry Overview

The global pharmacy market size was estimated at USD 1.26 trillion in 2023 and is expected to grow at a CAGR of 7.28% from 2024 to 2030.

The growing demand for specialty drugs globally and increasing prescription drug expenditure in developed countries are expected to drive the growth of the market over the forecast period. In addition, the growing prevalence of chronic diseases, majorly due to changes in lifestyle and a rapidly aging population, are supplementing the market growth.

The growing demand for prescription medications is contributing to the industry's growth. As the demand for prescription drugs increases, pharmacies experience a surge in business due to the need for dispensing these medications. According to the National Health Service the current cost of an NHS prescription in England for 2024-2025 is USD 12.65 per item, an increase of USD 0.51 from the previous year. Prescription charges are usually reviewed annually. The cost has increased steadily in recent years, from USD 8.80 in 2015 - 2016 to USD 10.47 in 2024 - 2025.

Gather more insights about the market drivers, restrains and growth of the Pharmacy Market

Moreover, pharmacies are adopting digitalization programs to cater to the growing demand from consumers and provide improved accessibility to patients. For instance, CVS Health introduced a Digital Transformation program to personalize the healthcare experience using artificial intelligence, machine learning, data, and analytics. Moreover, in December 2021, the company entered into a partnership with Microsoft to scale up retail personalization and loyalty programs using advanced machine learning, powered by Azure. Such digitalization and automation strategies are anticipated to drive the growth in the industry during the forecast period.

Based on product type, the prescription segment dominated the pharmacy market with the largest revenue share of 81.5% in 2023. The increasing demand for prescription drugs for therapies, such as diabetes, cardiovascular disease, respiratory diseases, antibiotics, blood disorders, and oncology, is driving the growth of the prescription segment. Furthermore, the rising prevalence of long-term health conditions and the expanding elderly demographic are fueling the need for prescription drugs.

According to the IDF Diabetes Atlas, 537 million adults were suffering from diabetes in 2021 globally. The number of adults suffering from diabetes is estimated to increase to 783 million by 2045. Almost 90% of older adults regularly take at least one prescription drug, with many taking multiple medications to manage chronic conditions. This growing need for prescription drugs, especially among the aging population, is expected to significantly drive the growth of the industry in the coming years.

However, the OTC segment is estimated to witness the fastest growth rate during the forecast period. The high growth is due to better cost savings compared to prescription drugs, consumer empowerment in managing minor ailments, a shift toward preventive healthcare, an expanding product range, consumer awareness & education, and the influence of online sales and e-commerce platforms. In addition, the increasing trend of self-medication and conversion of prescription medicines to OTC medications is expected to contribute to the growth of the segment over the forecast period. For instance, in March 2023, the U.S. FDA approved Narcan (4 mg), a naloxone hydrochloride nasal spray, for OTC use. It is the first-ever naloxone product approved to be used OTC

Browse through Grand View Research's Pharmaceuticals Industry Research Reports.

• The global Crohn’s disease therapeutics market size was valued at USD 13.20 billion in 2023 and is projected to grow at a CAGR of 2.7% from 2024 to 2030.

• The global estrogen receptor positive breast cancer treatment market size was estimated at USD 19.8 billion in 2023 and is projected to grow at a CAGR of 7.89% from 2024 to 2030.

Key Pharmacy Company Insights

Companies in the market are implementing diverse strategies such as partnerships, collaborations, mergers & acquisitions, and product development to expand their geographical footprint. CVS Health, Boots Walgreens, Walmart, and Rite Aid Corp. are some major players in the market.

Key Pharmacy Companies:

The following are the leading companies in the pharmacy market. These companies collectively hold the largest market share and dictate industry trends.

CVS Health

Boots Walgreens

Cigna

Walmart

Kroger

Rite Aid Corp.

Lloyd Pharmacy

Well Pharmacy

Humana Pharmacy Solutions

Matsumoto Kiyoshi

Apollo Pharmacy

MedPlusMart.com

Recent Developments

In January 2024, Kroger extended its partnership with Centene Corporation's pharmacy network. This extension aimed to provide patients with increased opportunities to save on essential prescriptions. The agreement ensured continued access to the Kroger Family of Pharmacies for approximately 700,000 Centene members in 2024.

In April 2023, Rite Aid Corp launched a new three Rite Aid Pharmacies in Craigsville, Greenville, and Scottsville, Virginia. This initiative was part of a pilot program aimed at enhancing access to services in “pharmacy deserts” and underserved communities.

In February 2022, Medicure Inc. subsidiary Marley Drug Pharmacy in the U.S. introduced its national direct-to-consumer ePharmacy platform, which allows Americans to purchase FDA-approved medications at reduced prices and receive home delivery across all 50 states.

In January 2021, AmerisourceBergen and Walgreens Boots Alliance established a strategic partnership. AmerisourceBergen acquired Walgreens Boots Alliance's Healthcare Business, allowing Walgreens Boots Alliance to enhance its emphasis on expanding its retail operations. This collaboration involves extending and broadening their commercial agreements.

Order a free sample PDF of the Pharmacy Market Intelligence Study, published by Grand View Research.

#Pharmacy Market

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health-views-updates · 4 months ago

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Oncology Drugs Market Future Outlook: Trends and Insights

Oncology Drugs Market Outlook, Scope & Overview:

Industry reports indicate that the global oncology drugs market was valued at USD 221.38 billion in 2023 and is projected to reach USD 525.08 billion by 2031, growing at a CAGR of 11.4% over the forecast period 2024-2031.

Technological Advancements to Drive Growth of Global Oncology Drugs Market

The adoption of advanced oncology drugs and therapies will continue to influence global market revenues. Pharmaceutical companies are increasingly focusing on the development of targeted therapies, immunotherapies, and personalized medicine to enhance the efficacy and safety of cancer treatments.

As a product segment, targeted therapies currently hold a significant share of the global oncology drugs market. This segment is anticipated to grow at a year-over-year rate of 11.4% in 2024 over 2023 and reach USD 525.08 billion in revenues by 2031. The increasing incidence of cancer, coupled with advancements in cancer research and drug development, is expected to drive market growth.

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Oncology Drugs – Market Dynamics

Drivers:

Oncology drugs are witnessing significant growth in the global market due to their ability to improve survival rates, reduce side effects, and offer targeted treatment options. The rising prevalence of cancer, increasing healthcare expenditures, and the growing adoption of innovative therapies are key factors driving the adoption of oncology drugs worldwide. Additionally, the expansion of clinical trials and the approval of new cancer drugs are further propelling market growth.

Restraints:

Despite the growth potential, challenges such as high treatment costs, stringent regulatory requirements, and the complexity of cancer drug development are hindering the widespread adoption of oncology drugs. Moreover, the potential for adverse effects and the need for continuous monitoring during treatment pose additional challenges to market expansion.

Oncology Drugs – Market Outlook

The proven benefits of oncology drugs in improving patient outcomes, enhancing quality of life, and offering new treatment options have contributed to the market's growth. Oncology drugs are expected to witness increased adoption across major healthcare markets, including North America, Europe, and Asia Pacific, driven by advancements in drug development and the growing focus on personalized medicine.

Global Oncology Drugs Market

The rise in demand for oncology drugs in developed and emerging markets is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global oncology drugs market, with the US being a key contributor to market revenues. Europe and Asia Pacific regions are also experiencing rapid adoption of oncology drugs, supported by increasing healthcare investments and the availability of advanced cancer treatment facilities.

Key Players in the Oncology Drugs Market

Leading companies in the oncology drugs market include Roche Holding AG, Novartis International AG, Bristol-Myers Squibb Company, and Merck & Co., Inc. These companies are at the forefront of developing and commercializing advanced oncology drugs for various cancer types, including breast cancer, lung cancer, and colorectal cancer.

In conclusion, the global oncology drugs market is poised for substantial growth over the forecast period, driven by technological advancements, increasing cancer incidence, and the expanding adoption of targeted and personalized cancer therapies.

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tritonmarketresearchamey · 4 months ago

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Companion Diagnostics Market: What’s New?

With rising health consciousness and expenditure, precision medicine has emerged as a major solution to treating chronic conditions. Estimates indicate that the personalized medicine segment is expected to account for around 40% by the end of 2022, with oncology being a major therapeutic area. As a result, this growth is expected to support the expansion of the companion diagnostics market as CDx tests identify the right drug for a specific patient pool.

Triton Market Research’s report infers that the global companion diagnostics market is expected to progress at a CAGR of 12.84% during the forecast period 2022-2028.

Presently, medical treatments are typically designed using uniform patterns, with patients with the same disease undergoing matching treatments. This trial-and-error style often becomes time-consuming and ineffective. Hence, the development of precision medicine with the help of CDx widens the studied market’s scope.

CDx Development: Technological Advancements Backs Regional Growth

In addition to a growing focus on precision medicine, the expansion of the companion diagnostics market is also fueled by technological advancements. Top trends that support the market’s growth globally, especially in the Asia-Pacific, include:

Predictive Biomarkers have proven vital in calculating responses to certain therapeutic interventions. For instance, the Oncotype Dx and MammaPrint tests and KRAS employ predictive biomarkers, providing the most effective treatment to breast and colorectal cancer patients. Estimates suggest that the oncology category secures the majority of shares in the market in terms of indication. As a result, biomarkers have gained significant prominence among oncologists across nations, including India. For instance, Tata Memorial Hospital, NIMHANS, and AIIMS are striving to identify new genes and biomarkers, ultimately generating opportunities for the Asia-Pacific companion diagnostics market.

Polymerase Chain Reaction (PCR) leads the mechanism segment in terms of revenue share in 2022. It is projected to evolve at a CAGR of 13.13% during the forecasted period. Factors such as cost-efficient, faster turnaround time, and ease of application have supported its dominance in neurology and oncology applications. Besides this, PCR-based CDx has witnessed substantial growth due to approvals such as BRACAnalysis CDx by Myriad Genetics. Such developments are expected to influence market players to expand their PCR capabilities, augmenting the companion diagnostics market’s development.

Next Generation Sequencing is another major technology fueling the CDx market development. Since NGS permits rapid sequencing, it has supported major advances in determining the molecular basis of various chronic conditions. NGS is expected to become the fastest-growing segment in the mechanism category. In this regard, PCR techniques are expected to support the success of NGS technology in the upcoming years. To illustrate, NGS diagnosis and PCR techniques offer high-precision care with less turnaround time. The rising competency in genome sequencing has also generated substantial opportunities for vendors like Shuwen Biotech and Simcere Diagnostics in the Chinese companion diagnostics market.

Competitive Landscape: Strategic Highlights & Latest CDx Approvals

The inclusion of analytics and big data has helped identify various biomarker-based illness indications regularly. This has triggered businesses to enter the market through innovations. Moreover, since it’s easy to shift from one product to another, the competition among existing players has elevated over the years. Such developments have thus led to the advent of new strategies to launch and gain approvals for their CDx devices.

In August 2022, Roche Diagnostics gained approval from FDA for VENTANA MMR RxDx Panel, the first immunohistochemistry CDx test. Based on cancer biomarkers, it helps detect solid tumor patients.

Foundation Medicine’s FoundationOne CDx and Liquid CDx were authorized with various companion diagnostics claims by the FDA in June 2022.

In May 2022, BioMerieux announced approval from FDA for its BIOFIRE Joint Infection Panel. The panel tests for 31 pathogens implicated in acute joint infections and contains 8 AMR genes to optimize therapy.

Evotec SE and BioMeriux, in July 2022, declared their partnership to create the next generation of antimicrobial and actionable diagnostics to prevent antimicrobial resistance.

In July 2021, Illumina expanded its oncology partnerships with Bristol Myer Squibb, Kura Oncology, Myriad Genetics, and Merck. This joint venture aims to develop tools for precision oncology.

Growth Prospects: CDx for Targeted Cancer Medication

Earlier, the commercial success of Herceptin and Gleevec revolutionized companion diagnostics globally. However, the increased prevalence of cancer cases has led to a dramatic shift in the drug development process, from uniform to precision medicine approach, increasing the need for new CDx solutions. Hence, the demand for predictive biomarkers for targeted cancer therapeutics is expected to take center stage, thereby creating opportunities for the companion diagnostics market.

FAQ:

Q1) What is the size of the companion diagnostics market?

The companion diagnostics market obtained $5314.48 million and is expected to gain revenue worth $12740.68 million by 2028.

Q2) What are the key end-users of the companion diagnostics market?

The key end-users include pharmaceutical and biopharmaceutical companies, reference laboratories, and others.

#COMPANION DIAGNOSTICS MARKET #Lifesciences #triton market research #market research reports

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researchanalysts · 5 months ago

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Oncology Market: Comprehensive Analysis of Business Insights, Trends, and Future Outlook for Cancer Treatment and Management

The oncology market on a global scale achieved a valuation of US$ 203.42 billion in the year 2022. Projections indicate that this market is set to surpass US$ 470.61 billion by 2030, exhibiting a substantial compound annual growth rate (CAGR) of 8.8% during the period from 2023 to 2030.

Introduction: The global oncology market is a critical segment of the healthcare industry, driven by the increasing prevalence of cancer and advancements in treatment methodologies. This market encompasses a wide range of products and services, including pharmaceuticals, diagnostic tools, and therapeutic procedures aimed at the prevention, diagnosis, and treatment of cancer. With the continuous rise in cancer cases worldwide, the demand for effective oncology solutions is higher than ever. This report delves into the various aspects of the oncology market, providing a thorough analysis of current trends, key players, and future growth opportunities.

Prominent Key Players: ✦ Aegerion Pharmaceuticals Inc. ✦ Abbvie Inc. ✦ Ability Pharma ✦ Acadia Pharmaceuticals Inc. ✦ Amgen Inc. ✦ Takeda Oncology ✦ Aslan Pharmaceuticals Ltd. ✦ Aspen Pharmacare Holdings Limited. ✦ Astrazeneca ✦ Athenex, Inc.

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The Report Offers: ◈ Market Size and Forecasts: Detailed analysis of the current market size and projections for future growth. ◈ Key Market Trends: Identification of significant trends and factors shaping the market landscape. ◈ Competitive Analysis: In-depth profiling of major players, including their market share, product offerings, and strategic initiatives. ◈ Regional Insights: Examination of market dynamics across different regions, highlighting key growth areas. ◈ Technological Advancements: Overview of the latest technological innovations and their impact on the oncology market. ◈ Regulatory Landscape: Analysis of regulatory frameworks and their implications on market operations.

Key Developments:

➧ In April 2020, F.Hoffmann-La Roche introduced Atezolizumab, an immunotherapy medication, in India specifically for the treatment of breast cancer.

➧ In May 2019, Syapse and Amgen, Inc. joined forces in a collaborative effort to develop observational analytics research aimed at assessing treatment outcomes in unmet areas of oncology.

Research Methodology: Our research methodology is a comprehensive blend of primary and secondary research. Primary research involves interviews with industry experts, healthcare professionals, and key opinion leaders. Secondary research includes an extensive review of existing literature, market reports, and relevant publications. Data triangulation and market breakdown procedures are applied to ensure the accuracy and reliability of the information presented. Our approach ensures a holistic view of the oncology market, offering valuable insights and actionable intelligence.

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Segments Covered in the Report:=

By Cancer Diagnostics & Treatment ✦ Cancer Diagnostics ✦ Biopsy ✦ Imaging ✦ Immunohistochemistry ✦ Tumor Biomarkers Test ✦ In Situ Hybridization ✦ Liquid Biopsy ✦ Cancer Treatment ✦ Targeted Therapy ✦ Chemotherapy ✦ Hormonal Therapy ✦ Immunotherapy ✦ Others

By Indication ✦ Lungs Cancer ✦ Colorectal Cancer ✦ Breast Cancer ✦ Liver Cancer ✦ Bladder Cancer ✦ Head & Neck Cancer ✦ Prostate Cancer ✦ Others

By End-use ✦ Hospitals ✦ Diagnostic laboratories ✦ Diagnostic imaging centers ✦ Academia ✦ Specialty clinics ✦ Others

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Conclusion: The oncology market is poised for significant growth, driven by continuous advancements in cancer research and treatment. By accessing this report, stakeholders can gain a comprehensive understanding of the market landscape, enabling them to navigate the complexities of the oncology sector effectively. Whether you are a healthcare provider, pharmaceutical company, investor, or policymaker, this report offers valuable insights to support your strategic objectives and drive success in the oncology market.

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wellnessweb · 5 months ago

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Evaluating the Companion Diagnostics Market Size in Key Regions

The Companion Diagnostics Market was estimated at USD 6.68 billion in 2023 and is poised to reach at 17.13 billion in 2031 anticipated to expand at a compound annual growth rate approx. CAGR of 12.5% for the forecast period of 2024-2031.The Companion Diagnostics Market is rapidly evolving, driven by the increasing emphasis on personalized medicine and targeted therapies. This sector focuses on the development of diagnostic tests that identify specific biomarkers, enabling healthcare providers to tailor treatments to individual patients based on their genetic profiles. The market's growth is propelled by advancements in genomics, the rising incidence of chronic diseases, and regulatory incentives for precision medicine. Companies in this space are innovating with next-generation sequencing and molecular diagnostics to enhance the accuracy and efficacy of therapeutic interventions. As a result, the Companion Diagnostics Market is poised to play a pivotal role in the future of healthcare, offering more precise, effective, and patient-centered treatments.

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Market Scope & Overview

The analysis examines the market's main motivating and inhibiting factors, as well as recent trends and upcoming developments. In-depth analysis of the Companion Diagnostics Market's size, revenue, production, consumption, gross margin, pricing, and market-influencing aspects is provided in this research report. The market research report includes a comprehensive market analysis for the anticipated time frame.

The industry experts looked into a number of other sectors where manufacturers might do well in the future. The micro- and macroeconomic variables that can affect market demand are thoroughly examined in the Companion Diagnostics Market research report. The level of competition in the target market is rising as a result of competition in this industry between large and small businesses of all sizes.

Market Segmentation Analysis

By Product & Service

Assays, Kits & Reagents

Instruments/systems

Software & Services

By Technology

Polymerase Chain Reaction

Next-generation Sequencing

In Situ Hybridization

Immunohistochemistry

Other Technologies

By Indication

Cancer

Lung Cancer

Breast Cancer

Blood Cancer

Colorectal Cancer

Other Cancer Types

Neurological Disorders

Cardiovascular Diseases

Infectious Diseases

Other Indications

By Sample Type

Tissue Samples

Blood Samples

Other Sample Types

By End User

Pharmaceutical & Biopharmaceutical Companies

Reference Laboratories

Contract Research Organizations

Other End Users

COVID-19 Pandemic Impact Analysis

The recent research examines the growth potential of the Companion Diagnostics Market as well as the consequences of the ongoing COVID-19 situation. The report also includes a thorough case study analysis of significant industrial players' actions throughout the pandemic.

Regional Outlook

For stakeholders looking for new regional markets, geographic Companion Diagnostics Market research is an excellent resource. It helps readers understand the traits and development patterns of diverse geographic marketplaces.

Competitive Analysis

The research report goes in-depth on the filmographies, growth objectives, and business strategies of the major market players. Its statistical study of the world's Companion Diagnostics Market includes information on CAGR, market share, revenue, volume, and other crucial metrics. The broad worldwide market intelligence research is part of the target market investigation.

Key Reasons to Purchase to Companion Diagnostics Market Report

In order to significantly increase their market share and their global footprint, the top rivals, according to the study, engaged in mergers and acquisitions, collaborations, joint ventures, partnerships, product launches, and agreements.

The target market report comprises a company profile, financial information, a SWOT analysis, and a full examination of competitors in the market.

Conclusion

The competitive landscape and business models of the sector's top rivals may be better understood by industry participants with the use of Companion Diagnostics Market research. It will be useful if this report can help market participants get a competitive edge and make wise business decisions.

About Us

SNS Insider is a market research and insights firm that has won several awards and earned a solid reputation for service and strategy. We are a strategic partner who can assist you in reframing issues and generating answers to the trickiest business difficulties. For greater consumer insight and client experiences, we leverage the power of experience and people.

When you employ our services, you will collaborate with qualified and experienced staff. We believe it is crucial to collaborate with our clients to ensure that each project is customized to meet their demands. Nobody knows your customers or community better than you do. Therefore, our team needs to ask the correct questions that appeal to your audience in order to collect the best information.

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trendingreportz · 5 months ago

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Oncology Therapeutics Market - Forecast(2024 - 2030)

Oncology Therapeutics Market Overview

The Oncology Therapeutics Market size is estimated to reach $360 million by 2026, growing at a CAGR of 10.4% during the forecast period 2021-2026. Oncology Therapeutics is an integrated discipline of medical oncology, that can be defined as the non-surgical, non-radiotherapeutic administration of patients with sturdy cancers and clinical pharmacology, on the basis of typical cytotoxic chemotherapy and the novel signal transduction inhibitors. The global predominance of cancer instances among communities and heightening demand for personalized medicine is fuelling the demand for the Oncology Therapeutics Market. Cancer treatment is the application of surgery, radiation, medicines, and other therapies to heal cancer, decrease cancer or halt the advancement of cancer. While oncology therapeutics may be largely non-surgical, cancer treatment involves surgery. Targeted therapy is a novel kind of cancer healing that utilizes medications or added substances to more accurately recognize and invade cancer cells. Immunotherapy is a kind of therapy that utilizes substances to excite or restrain the immune system to assist the body combat cancer, infection, and additional ailments. Immunotherapy and Oncology Therapeutics have a good partnership in healing cancer. Cancer is handled by surgery, radiation therapy, and integral medication therapies. Stem cell transplants do not normally function against cancer directly. Instead, they assist in restoring the capability to generate stem cells consequent to treatment with soaring high doses of radiation therapy, chemotherapy, or both. The large application of Oncology Therapeutics for anesthesia at the time of surgery, the forward progression in Artificial Intelligence, boost in mobile-based platforms, and an upsurge in the utilization of wearable devices is set to propel the growth of the Oncology Therapeutics Market during the forecast period 2021-2026. This represents the Oncology Therapeutics Industry Outlook.

Report Coverage

The report: “Oncology Therapeutics Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Oncology Therapeutics Market.

By Therapy Type: Chemotherapy, Targeted Therapy, Immunotherapy, Hormonal Therapy, Others. By Cancer Type: Blood Cancer, Breast Cancer, Prostate Cancer, Gastrointestinal Cancer, Gynecologic Cancer, Respiratory/Lung Cancer, Others. By Geography: North America (U.S, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, and Rest of Asia-Pacific), South America (Brazil, Argentina, Rest of South America) and Rest Of The World (Middle East, Africa).

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Key Takeaways

Geographically, the North America Oncology Therapeutics Market accounted for the highest revenue share in 2020 and it is poised to dominate the market over the period 2021-2026 owing to the increasing count of cases of cancer requiring different treatments like immunotherapy and targeted therapy and the boost in the acceptance of cancer therapy in the North American region.

Oncology Therapeutics Market growth is being driven by the rising patient assistance programs (PAPs), augmented government initiatives for cancer awareness, the growing predominance of cancer globally requiring treatments like radiation therapy, and powerful R&D initiatives by key players. However, the state of ongoing launches for a particular product and competitive launches and the complicated oncology audience comprising different and sophisticated collaborators overburdened with information hard to “breakthrough” is one of the major factors hampering the growth of the Oncology Therapeutics Market.

Detailed Analysis on the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Oncology Therapeutics Market report.

Oncology Therapeutics Market Segment Analysis – By Therapy Type:

The Oncology Therapeutics Market based on therapy type can be further segmented into Chemotherapy, Targeted Therapy, Immunotherapy, Hormonal Therapy, and Others. The Targeted Therapy Segment held the largest market share in 2020. This growth is owing to the increasing certifications of the Food And Drug Administration (FDA) of medications that can be used as part of targeted therapy. Tabrecta (capmatinib) is a kinase inhibitor recommended for the healing of mature grown-up patients with metastatic non-small cell lung cancer (NSCLC) whose cancers possess a mutation that results in mesenchymal-epithelial transition (MET) exon 14 skipping as disclosed by an FDA-certified test. capmatinib is a targeted therapy. Furthermore, the Immunotherapy segment is estimated to grow with the fastest CAGR of 12.6% during the forecast period 2021-2026 owing to the lesser side-effects when compared to other treatment techniques as it only aims at the immune system and not the remaining portion of the body together with the greater success rate of whether cancer will occur again or not.

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Oncology Therapeutics Market Segment Analysis – By Cancer Type:

The Oncology Therapeutics Market based on Cancer Type can be further segmented into Blood Cancer, Breast Cancer, Prostate Cancer, Gastrointestinal Cancer, Gynecologic Cancer, Respiratory/Lung Cancer, and Others. The Lung Cancer Segment held the largest market share in 2020. This growth is owing to the increased use of tobacco and cigarette smoking worldwide. As per the Centers For Disease Control And Prevention (CDC), lung cancer is the third most typical cancer in the U.S. Lung cancer can occur in individuals who do not smoke by exposure to radon, second-hand smoke, air pollution, or other factors. Workplace exposures to asbestos, diesel exhaust, or some additional chemicals may also result in lung cancers in certain non-smokers. Gene alterations can also lead to lung cancer. Stereostatic body radiation therapy is frequently utilized to treat early-stage lung cancers when surgery cannot be used. Furthermore, the Blood Cancer segment is estimated to grow with the fastest CAGR of 13.1% during the forecast period 2021-2026 owing to the increased mutations in DNA of blood cells brought about by some factors, not in control.

Oncology Therapeutics Market Segment Analysis – By Geography:

The Oncology Therapeutics Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America (Oncology Therapeutics Market) held the largest share with 31% of the overall market in 2020. The growth of this region is owing to the increasing predominance of cases of cancer requiring radiation therapy and other treatment options and the soaring concentration of key players like Pfizer in the region. The rising FDA approvals together with key alliances, and immense investment in R&D activities are expected to boost the market in the North American region Furthermore, the Europe region is estimated to be the region with the fastest CAGR rate over the forecast period 2021-2026. This growth is owing to factors like an effortless regulatory endorsement for new cancer therapies in Europe, a boost in healthcare expenditure for cancer, increasing predominance of cancer, and powerful R&D initiatives from key players like AstraZeneca which is fuelling the progress of the Oncology Therapeutics Market in the European region.

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Oncology Therapeutics Market Drivers

Global Prevalence Of Cancer Is Projected To Drive The Growth Of Oncology Therapeutics Market:

As per World Health Organization (WHO), nearly 70% of demises from cancer, happen in low- and middle-income countries, and cancer-causing ailments like hepatitis and human papillomavirus (HPV), account for nearly 30% of cancer cases in low- and lower-middle-income countries. Furthermore, WHO figures indicate that the total yearly cost of cancer in 2010 was approximated at the U.S. $1.16 trillion. The increasing count of cancer cases is resulting in the greater application of treatment techniques like targeted therapy, immunotherapy, and radiation therapy which is fuelling the growth of the Oncology Therapeutics Market during the forecast period 2021-2026.

Technological Innovations Are Expected To Boost The Demand Of Oncology Therapeutics:

Apart from treatment options like radiation therapy and immunotherapy, technological innovations are driving the growth of the Oncology Therapeutics market. Nanotechnology provides hopeful instruments in interdisciplinary research areas like cancer therapeutics. Organic and inorganic nanomaterials deliver progressive up-gradation in the cancer elimination process. Oncology is attaining novel heights under a nanotechnological platform by accelerating chemotherapy, radiotherapy, photo thermodynamic therapy, bioimaging, and gene therapy. Different nanovectors have been established for targeted therapy which serves as “Nano-bullets” for cancer cells with discrimination. Moffitt’s curbside clinic allows patients the capability to commute up to the clinic and accept some treatments without moving foot out of their vehicles. This offers patients peace of mind and restricts exposure for those who are immunocompromised. Therefore, with the support of progressive technology and a multidisciplinary team, treatments can be administered to patients in the comfort of their cars. These technological advancements are driving the growth of the Oncology Therapeutics Market during the forecast period 2021-2026.

Oncology Therapeutics Market Challenges

Commercial Challenges Are Hampering The Growth Of The Oncology Therapeutics Market:

In an enormous number of oncology ailment settings, necessarily targeted therapeutics have evolved or are evolving into very powerful establishments, with transformational clinical data and powerful loyalty from oncologists. Examples of this are Herceptin in 1L HER2+ metastatic breast cancer and Keytruda in 1L non-squamous NSCLC. In these circumstances, there is a soaring high bar for novel market entrants. Manifold firms are therefore looking to plan clinical studies in combination with the established incumbent instead of looking to displace them. This provides a favorable chance to tackle the potential of these backbone agents and increase clinical efficiency. For smaller firms specifically, it is frequently impractical to force out these incumbent agents, considering the challenges. These kinds of commercial challenges are hampering the growth of the Oncology Therapeutics Market.

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Oncology Therapeutics Market Landscape:

Strategic partnerships, collaborations, innovative product launches, and heightening investment in R&D are key strategies adopted by players in the Oncology Therapeutics Market. Key companies of this market include:

Amgen Inc.

AstraZeneca plc

Bayer AG

Bristol-Myers Squibb Company

Pfizer Inc

Novartis AG

Johnson and Johnson

Merck and Co. Inc.

Genentech (F. Hoffmann-La Roche Ltd)

Eli Lilly And Company

Acquisitions/Product Launches:

In April 2021, Pfizer Inc. declared that it has acquired Amplyx Pharmaceuticals, Inc., a privately-held company committed to the advancement of therapeutics for incapacitating and critical ailments that influence people with weakened immune systems. Amplyx’s lead compound, Fosmanogepix (APX001), is a new observational resource under development for the treatment of intrusive fungal ailments.

In March 2021, The FDA endorsed a Bristol Myers Squibb (BMS) cell therapy prepared by engineering the immune cells of a patient to aim at a cancer protein called BCMA. The regulatory decision for Abecma in multiple myeloma provides BMS its second certified CAR-T therapy.

#Oncology Therapeutics Market #Oncology Therapeutics Market Share #Oncology Therapeutics Market Size #Oncology Therapeutics Market Forecast

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stevenwilliam12 · 1 month ago

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The Future of HER2-Positive Treatment: Roche's Vision and Pipeline

As a pioneer in the oncology field, Roche is dedicated to transforming the landscape of HER2-positive breast cancer treatment. With a commitment to innovation and personalized medicine, Roche’s vision for the future centers on advancing therapies that not only improve survival rates but also enhance the overall quality of life for patients.

Innovative Therapies in Development

Roche’s pipeline for HER2-positive treatments reflects its ongoing commitment to research and development. Currently, several promising therapies are being investigated to provide new options for patients, especially those who may not respond to existing treatments. Key areas of focus include:

Next-Generation Antibody-Drug Conjugates (ADCs): Building on the success of Kadcyla, Roche is developing next-generation ADCs that aim to deliver more effective and targeted therapy with reduced side effects. These novel agents utilize advanced technology to enhance the potency of chemotherapy while minimizing exposure to healthy cells.

Combination Therapies: Roche is exploring innovative combinations of existing treatments to enhance efficacy. By pairing HER2-targeted therapies with immunotherapy and other agents, Roche aims to overcome resistance mechanisms and improve outcomes for patients with advanced disease.

Biomarker-Driven Approaches: Roche is focused on leveraging biomarkers to identify patients who are most likely to benefit from specific therapies. This precision medicine approach allows for tailored treatment plans, optimizing therapeutic efficacy and minimizing unnecessary side effects.

Clinical Trials and Collaborations

Roche is actively conducting clinical trials to evaluate the safety and efficacy of its emerging therapies. Collaborations with academic institutions, research organizations, and other industry leaders further bolster Roche’s ability to advance HER2-positive treatment options. These partnerships are crucial for accelerating research, sharing insights, and fostering innovation within the oncology community.

Commitment to Patient Support

Recognizing that treatment extends beyond medication, Roche is committed to comprehensive patient support. The company provides educational resources, access to clinical trials, and supportive care initiatives to empower patients and their families. Roche’s dedication to fostering a supportive environment is integral to enhancing the overall patient experience.

A Vision for the Future

Roche envisions a future where HER2-positive breast cancer can be managed more effectively, with a focus on personalized, targeted therapies that maximize patient outcomes. The company’s investment in research and development reflects its commitment to pioneering new treatments and improving the standard of care for patients.

Conclusion

As Roche continues to innovate and expand its pipeline for HER2-positive breast cancer treatments, the future looks promising. With a strong focus on advanced therapies, personalized medicine, and patient support, Roche is poised to lead the way in transforming the treatment landscape and offering new hope to patients battling this challenging disease.

#Breast cancer #Breast cancer Market #Breast cancer Forecast #Breast cancer Companies #Breast cancer Drugs #Breast cancer Therapies #Breast cancer Epidemiology #Breast cancer Pipeline #Breast cancer Market Size #Breast cancer Market Trends

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marketingreportz · 3 months ago

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Precision Medicine Market - Forecast(2024–2030)

Precision Medicine Market Overview:

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The report: “Precision Medicine Market — Forecast (2020–2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Precision Medicine Market.

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Key Takeaways

Increasing awareness amongst people for early treatment of disease is set to propel the growth of the market.

Increasing prevalence of cancer is the driving factors for the growth of Precision Medicine market.

Increased geriatric population with modernized routine disorders aiding growth towards the market.

Europe region is estimated to record the fastest growth rate during the forecast period 2020–2025.

By Indication — Segment Analysis

Geography — Segment Analysis

Drivers — Precision Medicine Market

Increasing In The Prevalence Of Cancer

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Challenges — Precision Medicine Market

Cost and Time Associated with Development

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Precision Medicine Industry Outlook

Acquisitions/Product Launches

In January 2020, Merck& Co. Inc acquired ArQule, Inc. This acquisition helped the company in increasing the oncology product production.

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#Precision Medicine Market #Precision Medicine Market share #Precision Medicine Market size #Precision Medicine Market forecast

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bhushans · 6 months ago

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Unveiling the Power of Data: Global Breast Cancer Drug Market

The global breast cancer drug market is set for steady growth over the next decade. Valued at USD 10,733.1 million in 2023, the market is projected to reach approximately USD 12,012.1 million by 2033, with a compound annual growth rate (CAGR) of 1.1% during the forecast period.

The increasing prevalence of breast cancer and the continuous evolution of novel therapies are key factors driving this market expansion. Early detection remains crucial for the effective management and treatment of breast cancer, further bolstering the demand for advanced drug therapies.

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One of the most prevalent malignancies affecting women globally, breast cancer has a significant effect on public health. Improving patient outcomes and lowering the disease’s mortality rates depend on the creation of novel treatments as well as improvements in early detection techniques.

Breast cancer is caused by a multitude of factors, such as genetic mutations (abnormal variations), age, inheritance, lifestyle, and heredity. Researchers are looking into novel imaging modalities to assess anomalies during the early stages of the disease and trying to determine the impact of genetic changes on breast cancer.

Key Takeaways:

The global breast cancer drug market is projected to reach US$12,012.1 million by 2033, reflecting a rise from US$10,733.1 million in 2023.

This growth is expected at a moderate compound annual growth rate (CAGR) of 1.1% throughout the forecast period.

The rising prevalence of breast cancer and the development of novel therapies are key drivers for market expansion.

Competitive Landscape:

In August 2021, Pfizer Inc. and Trillium Therapeutics Inc. entered into a definitive agreement under which Pfizer will acquire Trillium, a clinical-stage immuno-oncology company developing innovative therapies for the treatment of cancer. Under the terms of the agreement, Pfizer will acquire all outstanding shares of Trillium not already owned by Pfizer for an implied equity value of $2.26 billion, or $18.50 per share, in cash.

In June 2022, Novartis announced new overall survival (OS) and quality of life (QoL) analyses which evaluated Kisqali® (ribociclib) plus endocrine therapy for patients with hormone receptor-positive/human epidermal growth factor receptor-negative (HR+/HER2-) advanced or metastatic breast cancer.

Key Companies Profiled:

F. Hoffmann-La Roche Ltd

Pfizer Inc.

AstraZeneca

Novartis International AG

Achieve Life Science

Bristol-Myers Squibb

Eisai Co. Ltd

AbbVie

Eli Lilly & Company

Celgene Corporation

Merck & Co.

Amgen Plc.

Celldex Therapeutics

Biocon Genzyme Corporation

Key Segments Covered in the Breast Cancer Drug Industry Analysis:

By Drug Class:

SERM (Selective Estrogen-Receptor Modulators)-based

Aromatase Inhibitors-based

Biologic Response Modifiers-based

Other Hormonal Therapies-based

By Distribution Channel:

Hospital Pharmacies

Pharmacies

Drug Stores

By Region:

North America

Latin America

Europe

Asia Pacific

Middle East & Africa

#Breast Cancer Drug Market

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deshpandeisha · 6 months ago

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Targeted Therapeutics Market Research for Growth and Size Analysis

The global targeted therapeutics market size is expected to reach USD 162.89 Billion and register a revenue CAGR of 7.1% over the forecast period, according to latest analysis by Emergen Research. Steady market revenue growth can be attributed to increasing prevalence of different cancers. Various drugs for chemotherapy are incapable of differentiating between healthy and cancer cells, and thus can kill both kinds of cells. Targeted therapeutics, on the other hand, is a cancer treatment that makes use of drugs to target the exact proteins and genes that support survival and growth of cancer cells. Using targeted therapeutics, doctors influence the tissue environment that aids the spread of cancer or target cells associated with growth of cancer such as blood vessel cells. Also, targeted therapeutics is frequently used in combination with chemotherapy and other treatments. Over the years, various targeted therapies have been sanctioned by the US Food and Drug Administration, owing to growing prevalence of various kinds of cancers.

The report offers a comprehensive overview of the competitive landscape and covers company profiles, production and manufacturing capacity, product portfolio, expansion strategies, and business initiatives such as mergers and acquisitions, joint ventures, collaborations, partnerships, and product launches and brand promotions among others. It also offers key insights into financial standing, market reach, global position, gross profit margins, and investment and funding initiatives.

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The leading market contenders listed in the report are: Amgen Inc., Genentech Inc., Arcus Biosciences Inc., Gilead Sciences Inc., AstraZeneca PLC, Serina Therapeutics Inc., F. Hoffman-La Roche & Co., Agenus Inc., Pfizer Inc., and Aurinia Pharmaceutical Inc

The research study examines historic. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs. To Visit Full Report & Table of Contents Targeted Therapeutics Market: https://www.emergenresearch.com/industry-report/targeted-therapeutics-market

Market Overview: The report bifurcates the Targeted Therapeutics market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment. Segments Covered in this report are:

Therapy Outlook (Revenue, USD Billion; 2018–2028)

Monoclonal Antibodies

Small Molecule Inhibitors

Disease Indication Outlook (Revenue, USD Billion; 2018–2028)

Lung Cancer

Breast Cancer

Colorectal Cancer

Prostate Cancer

Leukemia

Lymphoma

Multiple Sclerosis

Melanoma

Others

End-use Outlook (Revenue, USD Billion; 2018–2028)

Hospitals

Cancer Treatment Centers

Research Institutes

Others

The research report offers a comprehensive regional analysis of the market with regards to production and consumption patterns, import/export, market size and share in terms of volume and value, supply and demand dynamics, and presence of prominent players in each market. Get An Impressive Discount On This Report@ https://www.emergenresearch.com/request-discount/842

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fairfield-research · 6 months ago

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Oncology Drugs Market Growth, Trends, Size, Share, Demand And Top Growing Companies 2031

In a landscape where the battle against cancer rages on, advancements in healthcare systems, public health measures, and novel pharmaceutical therapies have ushered in a new era of hope. According to the National Cancer Institute, the United States saw an estimated 1,806,590 new cancer cases and approximately 606,520 deaths due to the disease in 2020. However, over the past five decades, cancer survival rates have soared from 50% in 1970 to an impressive 70%, thanks to a trifecta of progress.

For more information: https://www.fairfieldmarketresearch.com/report/oncology-drugs-market

Unprecedented Growth Trajectory: The global oncology therapy sales are forecasted to surpass US$ 300 billion by 2026, with oncology contributing 21.7% to total pharmaceutical sales. Fueling this growth are the top 10 pharmaceutical companies, which have declared oncology as their key focus area, driving multibillion-dollar M&A deals and strategic collaborations. Pfizer's acquisition of Array BioPharma for US$11 billion in 2019 and AbbVie's strategic partnership with Genmab for a bispecific antibody development deal worth US$3 billion are testament to this focus.

Diverse Indications Drive Demand: While oncology represents over 20 different indications, a significant portion of revenue stems from just five of them: breast cancer, multiple myeloma, non-small-cell lung carcinoma (NSCLC), prostate cancer, and non-Hodgkin's lymphoma (NHL), which collectively accounted for approximately 65% of the market in 2020. Moreover, with breast, lung, and colorectal cancers expected to collectively account for ~50% of all new cancer diagnoses by 2026, the demand for innovative therapies continues to surge.

Disruptive Trends Reshape Landscape: Innovation in oncology is accelerating, with disruptive technologies such as cell therapy, RNA therapy, viral vectors, and stem cell therapy gaining traction. Recent approvals of CAR-T cell therapies like Kymriah and Yescarta for acute lymphocytic leukemia (ALL) and diffuse large B-cell lymphoma (DLBCL) respectively signal a new frontier in cancer treatment. Precision medicine is also driving progress, with over 160 oncology biomarkers approved by 2019, paving the way for more targeted and effective therapies.

Impact of COVID-19: Despite remarkable progress, oncology has been among the worst-hit therapeutic areas amid the COVID-19 pandemic. Decreased demand for physician-administered products, disruptions in cancer screenings, and a decline in new clinical trials have posed significant challenges. However, the industry remains resilient, adapting to the evolving landscape and ensuring continued innovation.

Immuno-Oncology Leads the Way: Immuno-oncology sales are expected to soar to ~US$ 95 billion by 2026, with agents and protein kinase inhibitors comprising ~65% of sales. With over 550 active cell- and gene-therapy agents under clinical development, the future of cancer treatment looks promising. Investments in combination studies and the exploration of new mechanisms underscore the industry's commitment to advancing immuno-oncology therapies.Roche and Keytruda: Leading the Charge: In a highly concentrated market where the top 10 companies capture over 75% of the market value, F. Hoffmann-La Roche AG (Roche) and Merck & Co. stand out as leaders. While Roche maintains its global leadership position, Merck's Keytruda is poised to become the world's top-selling oncology

#oncology drugs market #medicine

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