Lung Cancer Therapeutics Market Size, Share, Growth Analysis, By Cancer type(Non-Small Cell Lung Cancer, Metastatic Lung Cancer), By Molecule Type(Small Molecules, Biologics), By Treatment Type(Chemotherapy, Radiation Therapy), By End Use(Hospitals, Homecare) - Industry Forecast 2024-2031

Report ID: SQMIG35J2088 | Region: Global | Published Date: July, 2036
Pages: 242 | Tables: 122 | Figures: 77

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Lung Cancer Therapeutics Market size was valued at USD 24667.82 million in 2019 and is poised to grow from USD 27235.74 million in 2023 to USD 66407.15 million by 2031, growing at a CAGR of 10.41% in the forecast period (2024-2031).

The top market participants have a wide geographic reach and a wide range of products to meet a variety of consumer wants. Industry players are spending a lot of money on R&D in order to introduce new Treatment and increase their profitability in this potential market 'AstraZeneca plc', 'F. Hoffmann-La Roche AG', 'Bristol-Myers Squibb Company', 'Merck & Co., Inc.', 'Pfizer Inc.', 'Novartis International AG', 'Eli Lilly and Company', 'Boehringer Ingelheim International GmbH', 'Takeda Pharmaceutical Company Limited', 'AbbVie Inc.', 'Sanofi S.A.', 'Astellas Pharma Inc.', 'Celgene Corporation', 'Eisai Co., Ltd.', 'Johnson & Johnson', 'Bayer AG', 'AbbVie Inc.', 'GlaxoSmithKline plc', 'Amgen Inc.', 'Spectrum Pharmaceuticals, Inc.'

The rise in chronic tobacco use is to blame for the rise in lung cancer cases, which now account for roughly 85% of all cancer cases worldwide. It is predicted that the number of cancer cases will increase in the near future due to cigarette smoke, which contains at least 73 known carcinogens.

One of the key reasons fueling the expansion of the lung cancer therapeutic market in 2021 is the rising adoption and demand for targeted medicines, which are regarded as the cornerstone of precision medicine due to the rising R&D activities. According to estimates, among the several therapeutic kinds, targeted therapy has the biggest market share. Targeted therapy held a market share of 51.1% and is expected to grow over the course of the forecast period. The expansion of the targeted therapy market is also being driven by a growing emphasis on lung cancer detection and subsequent treatment based on precise targeting of the tumour or cancer source.

The lung cancer treatments and diagnostics market was dominated by North America in 2021, accounting for 39.17% of value. The large percentage of elderly people in the region, the presence of numerous international and local manufacturers, and investments made to diagnose cancer at an earlier stage are only a few of the reasons for the market's expansion. However, throughout the predicted period of 2022–2028, Asia–Pacific is expected to have faster development. The region is making significant investments in radiology treatments and chemotherapies. China and Japan are prepared to raise their spending on cutting-edge immunotherapies.

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Lung Cancer Therapeutics Market Size, Share, Growth Analysis, By Cancer type(Non-Small Cell Lung Cancer, Metastatic Lung Cancer), By Molecule Type(Small Molecules, Biologics), By Treatment Type(Chemotherapy, Radiation Therapy), By End Use(Hospitals, Homecare) - Industry Forecast 2024-2031

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