Lung Cancer Drugs Market Growth is propelled by Growing Prevalence of Lung Cancer: Ken Research


The lung cancer drugs market entails of sales of lung cancer drugs. Lung cancer is a type of cancer that deducts the ability of lungs to supply oxygen to the bloodstream because of unrestrained growth of tissues in the lung. Some of the possible treatments for lung cancer entail surgery, chemotherapy, radiation therapy and targeted therapy. On the basis of the size of the tumor cells, lung cancer is widely classified into small cell lung cancer (SCLC) and non-small cell lung cancer (NSCLC).

According to the report analysis, ‘Lung Cancer Drugs Market’ states that the market has observed steady growth during the past few years with the introduction of novel products, which have increased the acceptance of immunotherapy drugs in the market. The market is propelled by increase in the incidence of lung cancer cases around the globe-owing to growing diagnosis rate and majorly due to growing tobacco consumption, augment in the lung cancer treatment rates, growing rate of effective drug approvals as first-line therapies, strategic deals to enhance the new products, augmenting the R&D spending, and speedy industrialization leading to augmented pollution.

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The leading international pharmaceutical companies are focusing on product endorsements as first-line treatment therapy and combination treatment with chemotherapy, collaborations, and regulatory submission of already matured cancer treatments across the developing countries as a foremost strategy to augment their revenue. Several of the international players are also aiming on enhancing home infusion services in the developed markets with secured and safe cold chain logistic infrastructure. This Direct-to-Patient (DTP) strategy is also assisting market players to enlarge their patient volumes and thus the complete revenues around the globe. The market generates the revenue from the key players functioning in this field and some of them entails, F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb, Janssen, Amgen, AstraZeneca PLC, Pfizer, Inc., Eli Lilly & Company Ltd, and Novartis AG.

Not only has this, the effective growth in cancer awareness in both developing and developed nations, and the emergence of new medical diagnostic equipment and improved therapeutics have augmented the number of lung cancer diagnoses, this influencing the lung cancer therapeutics market growth. This, could with, growing investments by foremost players in research and development activities are also boosting the international market growth. The change in the market is commonly propelled by a higher aim towards the R&D initiatives owing to growing instances of lung cancer.

Prevailing market players functioning in the international market are aiming on the constant innovation and up graduation of their product portfolio with the new and proficient product proposing for better treatment outcomes for the patients. Lung Cancer is among the most primarily occurring cancers around the globe and underwrites to a proficient number of deaths around the globe. Therefore, it is predicted that during the near period the market of lung cancer drugs will augment more proficiently around the globe over the review period.

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Global Lung Cancer Drugs Market

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Cancer Drugs Market by Therapy (Immunotherapy, Targeted Therapy, Chemotherapy, Hormone Therapy and Others) for Breast Cancer, Blood Cancer, Gastrointestinal Cancer, Prostate Cancer, Skin Cancer, Lung Cancer and Other Cancer: Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021

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Ankur Gupta, Head Marketing & Communications