"Designing Growth Strategies is in our DNA"

Lung Cancer Therapeutics Market Size, Share and Industry Analysis By Therapy (Targeted, Therapy, Immunotherapy, Chemotherapy), By Cancer Type (Non-small cell lung cancer (NSCLC), Small cell lung cancer (SCLC)), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and Regional Forecast 2019-2026

Region : Global | Format: PDF | Report ID: FBI100473

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global lung cancer therapeutics market size was valued at USD 18,327.6 Million in 2018 and is projected to reach USD 48,725.9 Million by 2026, exhibiting a CAGR of 13.0% in the forecast period (2019-2026).


Rise in cancer awareness in both developing and developed nations, and the emergence of new medical diagnostic equipment and advanced therapeutics have increased the number of lung cancer diagnoses, thus propelling the lung cancer therapeutics market growth. This, coupled with, increasing investments by major players in research and development activities are also boosting the global market growth. The change in the market is primarily driven by a greater focus towards the R&D initiatives due to increasing instances of lung cancer.


Existing market players operating in the global market are focusing on constant innovation and up gradation of their product portfolio with new and efficient product offerings for better treatment outcomes for the patients. Lung cancer is among the most commonly occurring cancers in the world and contributes to a significant number of deaths worldwide.


Request a Free sample to learn more about this report.


Some of the other factors which are also contributing to the lung cancer therapeutics market growth is the increase in the proportion of individuals who smoke and also due to other contributing factors such as exposure to toxins. The introduction of new and sophisticated targeted therapies such as VIZIMPRO by Pfizer Inc. is expected to drive the global lung cancer therapeutics growth in developed as well as emerging countries, during the forecast period 2019-2026.


"Increasing R&D advances leading to greater adoption of sophisticated and advanced therapies such as immunotherapy combined with the increasing prevalence of lung cancer is driving the growth of the global market"


Increasing adoption and demand for targeted therapies, which is considered to be the foundation of precision medicine due to the increasing R&D initiatives, is one of the most prominent driving factors for the growth of the global lung cancer therapeutic market in 2018. The targeted therapy segment is estimated to have the largest market share among therapy types. The targeted therapy segment accounted for a market share of 51.1% in 2018 and is expected to rise during the forecast period. Increasing focus towards the diagnosis of lung cancer and the subsequent treatment based on the accurate targeting of the tumor or the source of the cancer is also driving the growth in the targeted therapy segment.


The immunotherapy segment is estimated to grow at a faster CAGR during the forecast period. This is attributed to the increasing number of new product launches especially in the immunotherapy segment. Currently, there is increasing adoption of immunotherapy in the markets in developed nations due to its higher achievement in terms of efficient treatment leading to improved patient outcomes, and this is expected to contribute to the growth of the market at higher CAGRs during the forecast period.


Market Segmentation


Based on the therapy, the lung cancer therapeutics market segments include targeted therapy (which can be further sub-segmented into bevacizumab, dabrafenib/trametinib, erlotinib hydrochloride, osimertinib, and others), hormonal therapy (which can be further sub-segmented durvalumab, nivolumab, atezolizumab, pembrolizumab), and chemotherapy. The targeted therapy segment dominated the global market in 2018.


To know how our report can help streamline your business, Speak to Analyst


The segment accounted for 51.1% share of the market in 2018. Based on distribution channel, the global market segments include hospital pharmacies, retail pharmacies, online pharmacies, and others. Based on cancer type, the lung cancer therapeutics market segments include non-small cell lung cancer (NSCLC), and small cell lung cancer (SCLC).


Regional Analysis


North America Lung Cancer Therapeutics Market, 2018

To get more information on the regional analysis of this market, Request a Free sample


"Growing prevalence of lung cancer and increasing adoption of lung cancer therapeutics expected to result in the highest CAGR in the Asia Pacific"


North America generated a lung cancer therapeutics market revenue of US$ 8,093.2 Mn in 2018 and is anticipated to account for a dominant share in the global market during the forecast period. Growth witnessed in the region is likely to be driven by the increasing adoption of advanced lung cancer therapeutics and rising prevalence and diagnoses of lung cancer. This is especially applicable in instances where the lack of adequate treatment leads to metastasis and subsequently, death. In developed countries, the adoption of advanced immunotherapies is increasing along with the existing therapies of chemotherapy and targeted therapy.


The lung cancer therapeutics industry is estimated to increase in Europe, due to growing regulatory approvals and the adoption of advanced therapeutics in the region. Whereas, in emerging countries such as India and China, the rise in prevalence of lung cancer is fueling growth in the lung cancer therapeutics market during the forecast period. In countries like China and India, there is an existing dominance of chemotherapy. However, in countries like Japan, there is increased adoption and expenditure towards advanced immunotherapies and targeted therapies. The Latin America and Middle East & Africa, the markets represent future potential for growth due to increasing adoption of advanced therapeutics.


Key Market Drivers


"Genentech, Inc. (F. Hoffmann-La Roche Ltd), Bristol Myers Squibb and Merck Sharp & Dohme Corp. to be dominant players in the lung cancer therapeutics market"


Genentech, Inc. (F. Hoffmann-La Roche Ltd), emerged as the leading player with the highest lung cancer therapeutics market share in 2018, as the company has a number of product offerings in the targeted therapy and chemotherapy segment, though it trails behind in terms of immunotherapies. The company accounts for the highest revenue shares in the lung cancer therapeutics from regions such as North America and Europe.


In addition, other market players are also getting product approvals such as Pfizer, Inc., product offering of VIZIMPRO. Other players operating in the market are Boehringer Ingelheim Pharmaceuticals, Inc., Eli Lilly, and Company, Celgene Corporation, AstraZeneca, Pfizer Inc., Sanofi, Novartis AG, Millennium Pharmaceuticals, Inc. (Takeda), Bristol Myers Squibb, Merck Sharp & Dohme Corp., Astellas, etc.


List of Companies Profiled



  • Genentech (F. Hoffmann-La Roche Ltd)

  • Eli Lilly and Company

  • Celgene Corporation

  • AstraZeneca

  • Pfizer Inc.

  • Sanofi

  • Novartis AG

  • Astellas

  • Bristol Myers Squibb

  • Boehringer Ingelheim Pharmaceuticals, Inc.

  • Millennium Pharmaceuticals, Inc. (Takeda)

  • Merck Sharp & Dohme Corp.

  • Other players


Report Coverage


The increasing prevalence of all types of cancers are prevalent in the general population and lung cancer is one of the most common forms of cancer. The increasing prevalence and rising incidence of lung cancer across all demographics and across all the age groups have led to increasing demand for lung cancer therapeutics. According to the American Cancer Society (ACS), about 13% of all new cancer diagnosis are lung cancers.


The lung cancer therapeutics market report provides qualitative and quantitative insights on the industry trends and detailed analysis of market size and growth rate for all possible segments in the market. The market segments include therapy, distribution channel, cancer type, and geography. On the basis of therapy, the market segments include targeted therapy, immunotherapy, and chemotherapy.


Targeted therapy is further sub-segmented into bevacizumab, dabrafenib/trametinib, erlotinib hydrochloride, osimertinib, and others. Immunotherapy is further sub-segmented into durvalumab, nivolumab, atezolizumab, and pembrolizumab. On the basis of distribution channel, the market is categorized into hospital pharmacies, retail pharmacies, online pharmacies, and others, while the market is classified on the basis of cancer type into non-small cell lung cancer (NSCLC) and small cell lung cancer (SCLC).


An Infographic Representation of Lung Cancer Therapeutics Market

To get information on various segments, share your queries with us



Along with this, the report analysis includes lung cancer therapeutics market dynamics and competitive landscape. Various key insights provided in the report are the prevalence of lung cancer therapeutics by key countries, regulatory scenario by key regions, key industry developments and overview of current advances in R&D for lung cancer therapeutics.


SEGMENTATION


























  ATTRIBUTE



  DETAILS



By Therapy




  • Targeted Therapy

    • Bevacizumab

    • Dabrafenib/Trametinib

    • Erlotinib Hydrochloride

    • Osimertinib  

    • Others



  • Immunotherapy

    • Durvalumab

    • Nivolumab

    • Atezolizumab

    • Pembrolizumab



  • Chemotherapy



By Cancer Type




  • Non-small cell lung cancer (NSCLC)

  • Small cell lung cancer (SCLC)



By Distribution Channel




  • Hospital Pharmacies

  • Retail Pharmacies

  • Online Pharmacies

  • Others



By Geography




  • North America (U.S., and Canada)

  • Europe (Germany, U.K., France, Italy, Spain, Scandinavia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, South East Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and the Rest of Latin America)

  • Middle East & Africa (GCC, South Africa, and Rest of Middle East & Africa)



Key Industry Developments



  • In March 2019, Adorx Therapeutics Limited., announced that it had entered into a strategic partnership with Johnson & Johnson Innovation LLC and Lung Cancer Initiative at Johnson & Johnson (LCI) for the development of new novel lung cancer therapeutics.

  • In June 2016, the American Society of Clinical Oncology (ASCO) announced that a new antibody drug conjugate showed early promise in the treatment of small cell lung cancer (SCLC).


Frequently Asked Questions

As per our (Fortune Business Insights) study, the lung cancer therapeutic market is predicted to reach USD 48,725.9 Million by 2026.

In 2018, the lung cancer therapeutic market was valued at USD 18,327.6 Million.

The lung cancer therapeutic market is projected to grow at a CAGR 13.0% during the forecast period (2019-2026).

Targeted therapy is the leading segment in lung cancer therapeutic market by therapy.

Growing prevalence of lung cancer, increase in the adoption of lung cancer therapeutics, and growing therapy launch through persistent investments in R&D by key players are the key factors driving the growth of the lung cancer therapeutic market.

Genentech, Inc. (F. Hoffmann-La Roche Ltd), Bristol Myers Squibb and Merck Sharp & Dohme Corp. are the top players in the lung cancer therapeutic market.

North America is expected to hold the highest share in the lung cancer therapeutic industry.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • Jun, 2019
  • 2018
  • 2015-2017
  • 159

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $6850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X