Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Jun 14, 2019 11:41 AM ET

Lung Cancer Therapeutics Market to Reach US$ 48,725.9 Mn, Progressing Remarkably through 2026, says Fortune Business Insights

iCrowd Newswire - Jun 14, 2019

Targeted segment is forecast to emerge dominant among various therapies in the Lung Cancer Therapeutics market, finds Fortune Business Insights in a new study. The study is titled “Lung Cancer Therapeutics Market: Global Market Analysis, Insights, and Forecasts, 2018 2026.” According to the study, the Lung Cancer Therapeutics market will exhibit an exponential CAGR of 13.0% to reach a value of US$ 48,725.9 Mn by 2026 from US$ 18,327.6 Mn in 2018.

Get PDF Brochure of this [email protected] https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/lung-cancer-therapeutics-market-100473

Lung cancer is considered one of the leading causes of death by cancer.Cancer can be a result of continuous exposure to asbestos, and unhealthy lifestyle that includes habits such as pipe smoking, cigarette smoking, cigar smoking. The rising incidence of lung cancer is subsequenetly fuelling demand for various therapies in the Lung Cancer Therapeutics market.Targeted therapy is expected to emerge dominant among other therapies such as vaccine therapy, radiation therapy, chemotheraoy, surgery, and immunotherapy. targeted therapy segment accounted for a share of 51.1% in the year 2018. This is because of the rise in focus towards the diagnosis of lung cancer and positive outcome of targeted therapy that is increasing its demand in the global market.


However, the immunotherapy segment is anticipated to grow at the fastest CAGR during the forecast period. This is because of the rise in the number of product launches related to treating lung cancer. The availability of abundant resources is creating new opportunities of growth in the market during the coming years.


Request Customization of this [email protected] https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/lung-cancer-therapeutics-market-100473

Increasing Investments in Research and Development Activities to Boost Market

Various factors are responsible for boosting the Lung Cancer Therapeutics market. One among them is the launch of cancer awareness programs by both government and non-government organizations around the world. Cancer awareness and various treatment measures are increasing the demand for cancer therapeutics especially in developing nations. Besides this, increasing investment by market players in research and development activities to discover novel therapeutics is driving the global market.

On the flip side, most of the anticipated drugs for lung cancer are still in their early testing stage and might take some time before finally getting launched in the market. This gestation gap between clinical trial and final launch might create uncertainty among players, making them skeptical about further investments in lung cancer treatment researches. This may hamper the market growth during the forecast period.

Furthermore, Cure for certain type of cancer is yet to be discovered. The cure is yet to be discovered as targeted therapies have no effect on such cancer types. This is more likely to create challenges for the global market for lung cancer therapeutics during the forecast period.


Asia Pacific to Emerge as Fastest Growing Region with Rise in Cancer Awareness Programs

North America is expected to dominate the global market for lung cancer therapeutics. In 2018 the region generated a revenue of US$ 8,093.2 Mn. Growth in this region is attributable to the rising prevalence and diagnostics of lung cancer and the increasing adoption of advanced lung cancer therapeutics. Besides this, increasing awareness about cancer is enabling the market in Asia Pacific exhibit a faster CAGR.

A few novel therapeutics are introduced in the market, impelling leading players to research on improved medication. For instance, Genentech, a company operating in the lung cancer therapeutics market has recently launched their new drug named, Alecensa (alectinib), in order to treat ALK-positive non-small cell lung cancer. Such strategies adopted by players will bode well for the Lung Cancer Therapeutics market in the long run.

Some of the companies operating in the Lung Cancer Therapeutics market are Astellas, Celgene Corporation, Merck Sharp and Dohme Corp., Pfizer Inc., Eli Lilly, and Company, Bristol Myers Squibb, AstraZeneca, Boehringer Ingelheim Pharmaceuticals, Inc., Millennium Pharmaceuticals, Inc. (Takeda), Novartis AG, and Sanofi.

Know More: https://www.fortunebusinessinsights.com/industry-reports/lung-cancer-therapeutics-market-100473

About Us

Fortune Business Insights offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

Contact Us

Fortune Business Insights Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune – 411045, Maharashtra, India.


US :+1 424 253 0390

UK : +44 2071 939123

APAC : +91 744 740 1245

Email: [email protected]

Press Release Distributed by The Express Wire

To view the original version on The Express Wire visit Lung Cancer Therapeutics Market to Reach US$ 48,725.9 Mn, Progressing Remarkably through 2026, says Fortune Business Insights


Tags:    Wire, Research Newswire