Growing Prevalence of Lung Cancer Accelerates Global Non-small Cell Lung Cancer Market Health Articles | April 12 Dante Pettis Jersey , 2016
non-small cell lung cancer herapeutics market to expand at a healthy CAGR of 12.10% over the period from 2015 to 2023 and reach a value of US$15.1 bn by the end of the forecast period
A research study, recently published by Transparency Market Research (TMR), estimates the global non-small cell lung cancer therapeutics market to expand at a healthy CAGR of 12.10% over the period from 2015 to 2023 and reach a value of US$15.1 bn by the end of the forecast period.The report, titled “Non Small Cell Lung Cancer Therapeutics Market - Global Industry Analysis, Size, Share, Growth, Trends Mike McGlinchey Jersey , and Forecast 2015 - 2023,” states that the worldwide NSCLC market attained US$4.9 bn in 2014.
Non-small cell lung cancer (NSCLC) has been identified as the most common type of epithelial lung cancer. Adenocarcinomas, squamous cell carcinomas, and large cell carcinomas are the major types of NSCLC. Unlike small cell lung cancer (SCLC), NSCLC exhibits low receptivity to chemotherapy, owing to which, the need for NSCLC therapeutics has been persistently escalating in the global arena.
In this research report, the global market for NSCLC therapeutics has been evaluated on the basis of the drug class Richard Sherman Jersey , the pipeline stage, and the regional spread of this market. Based on the drug class, the market has been classified into angiogenesis inhibitor, kinase inhibitor, epidermal growth factor receptor blocker, microtubule stabilizer, PD-1PD-L1 Inhibitor, and folate antimetabolites.
In 2014 Jimmy Garoppolo Jersey , angiogenesis inhibitor was the most demanded drug class in the global arena. The high efficiency of this drug class fueled its demand in the U.S., Japan, Europe, and other major regions.
Avastin and Cyramza are the two main angiogenesis inhibitors available in this market. Analysts expect this segment to expand at a CAGR of 1.80% during the forecast period and increase from a value of US$1.6 bn in 2014 to US$2 bn by the end of the forecast period.
Based on the pipeline stage, NSCLC therapeutics has been categorized into early-stage (phase 1 and phase 2) pipeline drugs and late-stage (phase 3) pipeline drugs. MEDI4736 (AstraZeneca), Avelumab (Pfizer Inc.), Abemaciclib (Eli Lilly and Co.), and MPDL3280A (Roche) are the major late-stage pipeline drugs.
Regionally Matt Breida Jersey , the study segments the global market for NSCLC therapeutics into Asia Pacific, Europe, North America, and the Rest of the World. North America led the overall market in 2014 and was closely followed by Asia Pacific. However, Asia Pacific is anticipated to register the fastest growth rate over the forecast period.
The presence of state-of-art healthcare infrastructure and existence of a favorable reimbursement scenario are the key factors that drove the North America NSCLC therapeutics market. Besides, the growing awareness about NSCLC and the increasing implementation of government initiative to curb lung cancer are likely to boost the Asia Pacific market for NSCLC therapeutics in the coming years, notes the study.
AstraZeneca Plc, GlaxoSmithKline Plc George Kittle Jersey , Genentech Inc., Eli Lilly & Co., Boehringer Ingelheim, Pfizer Inc., Celgene Corp., Roche Holding AG, Sun Pharmaceutical Industries Ltd., and Bristol-Myers Squibb are some of the leading players in the global NSCLC therapeutics market Mitch Wishnowsky Jersey , states the research report.
Article Tags: Global Non-small Cell, Non-small Cell Lung, Cell Lung Cancer, Lung Cancer Therapeutics, Lung Cancer, Global Non-small, Non-small Cell, Cell Lung Jalen Hurd Jersey , Cancer Therapeutics, Therapeutics Market, Nsclc Therapeutics, Research Report, Drug Class, Forecast Period, Pipeline Drugs, Asia Pacific Deebo Samuel Jersey , North America
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