Oncology Drugs Market to grow at a CAGR of 11.99% from 2022 to 2027. AbbVie Inc., Amgen Inc. & Apikos Pharma are major vendors - Technavio

NEW YORK, July 27, 2023 /PRNewswire/ -- The oncology drugs market is estimated to grow at a CAGR of 11.99% between 2022 and 2027. The market size is forecast to increase by USD 151.84 billion, according to Technavio. North America is estimated to contribute 44% to the growth of the global market during the forecast period. The US and Canada are the top revenue-generating countries in the North American market for cancer drugs. With the increasing adoption of minimally invasive surgery, the demand for cancer drugs is expected to rise in the region. Additionally, the growing prevalence of cancer in North America is further expected to drive the demand for oncology drugs during the forecast period. For Comprehensive details on the market size of the historical period(2017 to 2021) and forecast period (2023-2027) - View Sample report

Vendor Landscape
The oncology drugs market is fragmented; the vendors are competing with competitors and are trying to get a greater market share. The market is growing, and the chances of new entrants cannot be overlooked. The major vendors have well-established economies of scale and market presence and generally rely on positioning technological advances, and the price of the products -The report provides a full list of key vendors, their strategies, and the latest developments. Buy Now

Market Dynamics

Major Drivers & Challenges- 

The growing focus on early detection of cancer is a key factor driving market growth. Despite cancer being a major global cause of death, there are advancements in identifying it early and improving outcomes for patients. Lung, liver, stomach, colorectal, breast, and esophageal cancers are prevalent among populations. Unhealthy lifestyle choices, poor diets, smoking habits, reduced pregnancies, and prolonged exposure to UV rays are factors contributing to the rise in cancer prevalence. Hence, a growing focus on early detection strategies is expected to drive market growth during the forecast period.

The high cost of cancer treatment drugs is a major challenge hindering the growth of the oncology drugs market. The cost of chemotherapy can vary significantly based on several factors, such as the type of cancer, the severity of the illness, the treatment plan, and the patient's country of residence. Furthermore, these costs can be quite excessive for many patients, particularly those who lack health insurance or have limited financial resources. Moreover, expensive cancer treatment drugs can put a negative impact on healthcare systems and result in higher overall healthcare costs. Hence, the high cost of cancer treatment is expected to restrict market growth during the forecast period.

Major Trends

The rising adoption of immunotherapy is a major trend shaping the oncology drug market. Immunotherapy is a highly promising and rapidly advancing cancer treatment that focuses on activating the patient's immune system. It has shown high effectiveness, particularly for patients in advanced stages of the disease (third or fourth stages). New technologies are continuously being developed to improve the diagnosis, treatment, and overall management of cancer patients, especially in countries like India where cancer incidence is on the rise. Hence, the rising adoption of immunotherapy is expected to drive market growth during the forecast period.

Technavio has identified key trends, drivers, and challenges in the market, which will help clients improve their strategies to stay ahead of their competitors. - View Sample Report

Company Profiles

The oncology drugs market report includes information on the product launches, sustainability, and prospects of leading vendors, including AbbVie Inc., Amgen Inc., Apikos Pharma, Arlak Biotech Pvt. Ltd., Aspen Pharmacare Holdings Ltd, Astellas Pharma Inc., AstraZeneca, Athenex Inc., Bayer AG, Eli Lilly and Co., F. Hoffmann La Roche Ltd., GlaxoSmithKline Plc, Johnson and Johnson Services Inc., Kremedine Health Pvt Ltd., Merck and Co. Inc., Novartis AG, Pfizer Inc., Sanofi, Takeda Pharmaceutical Co. Ltd., and Bristol Myers Squibb Co.

Competitive Analysis

The report includes competitive analysis, a proprietary tool to analyze and evaluate the position of companies based on their industry position score and market performance score. The competitive scenario categorizes companies based on various performance indicators. Some of the factors considered include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, and growth in market share, among others.

 Market Segmentation

The market is segmented by therapy (targeted therapy, immunotherapy, hormonal therapy, and chemotherapy), distribution channel (offline and online), and geography (North America, Europe, Asia, and the Rest of the World (ROW)).

• The market share growth by the targeted therapy segment will be significant during the forecast period. Targeted therapy is a specialized form of chemotherapy that falls under precision cancer treatment. Unlike traditional chemotherapy, which affects a wide range of fast-growing cells throughout the body, targeted therapy drugs are specifically aimed at certain features present in cancer cells. The goal of targeted therapy is to target and inhibit the genetic characteristics of cells that control growth and differentiation, with the objective of stopping or slowing tumor development. Hence, these factors are expected to drive segment growth during the forecast period.

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Table of Contents

1 Executive Summary

• 1.1 Market Overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Therapy
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global oncology drugs market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on global oncology drugs market 2017 - 2021 ($ billion)

• 4.2 Therapy Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Therapy Segment 2017 - 2021 ($ billion)

• 4.3 Distribution Channel Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Therapy

• 6.1 Market segments
• Exhibit 30: Chart on Therapy - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Therapy - Market share 2022-2027 (%)

• 6.2 Comparison by Therapy 
• Exhibit 32: Chart on Comparison by Therapy
• Exhibit 33: Data Table on Comparison by Therapy

• 6.3 Targeted therapy - Market size and forecast 2022-2027 
• Exhibit 34: Chart on Targeted therapy - Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Targeted therapy - Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Targeted therapy - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Targeted therapy - Year-over-year growth 2022-2027 (%)

• 6.4 Immunotherapy and hormonal therapy - Market size and forecast 2022-2027 
• Exhibit 38: Chart on Immunotherapy and hormonal therapy - Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Immunotherapy and hormonal therapy - Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Immunotherapy and hormonal therapy - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Immunotherapy and hormonal therapy - Year-over-year growth 2022-2027 (%)

• 6.5 Chemotherapy - Market size and forecast 2022-2027 
• Exhibit 42: Chart on Chemotherapy - Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Chemotherapy - Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Chemotherapy - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Chemotherapy - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Therapy 
• Exhibit 46: Market opportunity by Therapy ($ billion)
• Exhibit 47: Data Table on Market opportunity by Therapy ($ billion)

7 Market Segmentation by Distribution Channel

• 7.1 Market segments
• Exhibit 48: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 49: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 7.2 Comparison by Distribution Channel 
• Exhibit 50: Chart on Comparison by Distribution Channel
• Exhibit 51: Data Table on Comparison by Distribution Channel

• 7.3 Offline - Market size and forecast 2022-2027 
• Exhibit 52: Chart on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Offline - Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 7.4 Online - Market size and forecast 2022-2027 
• Exhibit 56: Chart on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Online - Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Distribution Channel 
• Exhibit 60: Market opportunity by Distribution Channel ($ billion)
• Exhibit 61: Data Table on Market opportunity by Distribution Channel ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on North America - Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027 
• Exhibit 71: Chart on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on Europe - Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 Asia - Market size and forecast 2022-2027 
• Exhibit 75: Chart on Asia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Asia - Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Asia - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Asia - Year-over-year growth 2022-2027 (%)

• 9.6 Rest of World (ROW) - Market size and forecast 2022-2027 
• Exhibit 79: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)

• 9.7 US - Market size and forecast 2022-2027 
• Exhibit 83: Chart on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on US - Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027 
• Exhibit 87: Chart on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on China - Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 Japan - Market size and forecast 2022-2027 
• Exhibit 91: Chart on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on Japan - Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027 
• Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027 
• Exhibit 99: Chart on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on UK - Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 Market opportunity by geography 
• Exhibit 103: Market opportunity by geography ($ billion)
• Exhibit 104: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 105: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 106: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 107: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 108: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 109: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 110: Matrix on vendor position and classification

• 12.3 AbbVie Inc.
• Exhibit 111: AbbVie Inc. - Overview
• Exhibit 112: AbbVie Inc. - Product / Service
• Exhibit 113: AbbVie Inc. - Key news
• Exhibit 114: AbbVie Inc. - Key offerings

• 12.4 Amgen Inc.
• Exhibit 115: Amgen Inc. - Overview
• Exhibit 116: Amgen Inc. - Product / Service
• Exhibit 117: Amgen Inc. - Key offerings

• 12.5 Aspen Pharmacare Holdings Ltd 
• Exhibit 118: Aspen Pharmacare Holdings Ltd - Overview
• Exhibit 119: Aspen Pharmacare Holdings Ltd - Business segments
• Exhibit 120: Aspen Pharmacare Holdings Ltd - Key offerings
• Exhibit 121: Aspen Pharmacare Holdings Ltd - Segment focus

• 12.6 AstraZeneca
• Exhibit 122: AstraZeneca - Overview
• Exhibit 123: AstraZeneca - Product / Service
• Exhibit 124: AstraZeneca - Key news
• Exhibit 125: AstraZeneca - Key offerings

• 12.7 Athenex Inc.
• Exhibit 126: Athenex Inc. - Overview
• Exhibit 127: Athenex Inc. - Product / Service
• Exhibit 128: Athenex Inc. - Key offerings

• 12.8 Bayer AG
• Exhibit 129: Bayer AG - Overview
• Exhibit 130: Bayer AG - Business segments
• Exhibit 131: Bayer AG - Key news
• Exhibit 132: Bayer AG - Key offerings
• Exhibit 133: Bayer AG - Segment focus

• 12.9 Bristol Myers Squibb Co. 
• Exhibit 134: Bristol Myers Squibb Co. - Overview
• Exhibit 135: Bristol Myers Squibb Co. - Product / Service
• Exhibit 136: Bristol Myers Squibb Co. - Key news
• Exhibit 137: Bristol Myers Squibb Co. - Key offerings

• 12.10 Eli Lilly and Co.
• Exhibit 138: Eli Lilly and Co. - Overview
• Exhibit 139: Eli Lilly and Co. - Product / Service
• Exhibit 140: Eli Lilly and Co. - Key news
• Exhibit 141: Eli Lilly and Co. - Key offerings

• 12.11 F. Hoffmann La Roche Ltd. 
• Exhibit 142: F. Hoffmann La Roche Ltd. - Overview
• Exhibit 143: F. Hoffmann La Roche Ltd. - Business segments
• Exhibit 144: F. Hoffmann La Roche Ltd. - Key news
• Exhibit 145: F. Hoffmann La Roche Ltd. - Key offerings
• Exhibit 146: F. Hoffmann La Roche Ltd. - Segment focus

• 12.12 GlaxoSmithKline Plc
• Exhibit 147: GlaxoSmithKline Plc - Overview
• Exhibit 148: GlaxoSmithKline Plc - Business segments
• Exhibit 149: GlaxoSmithKline Plc - Key news
• Exhibit 150: GlaxoSmithKline Plc - Key offerings
• Exhibit 151: GlaxoSmithKline Plc - Segment focus

• 12.13 Johnson and Johnson Services Inc. 
• Exhibit 152: Johnson and Johnson Services Inc. - Overview
• Exhibit 153: Johnson and Johnson Services Inc. - Business segments
• Exhibit 154: Johnson and Johnson Services Inc. - Key news
• Exhibit 155: Johnson and Johnson Services Inc. - Key offerings
• Exhibit 156: Johnson and Johnson Services Inc. - Segment focus

• 12.14 Novartis AG
• Exhibit 157: Novartis AG - Overview
• Exhibit 158: Novartis AG - Business segments
• Exhibit 159: Novartis AG - Key offerings
• Exhibit 160: Novartis AG - Segment focus

• 12.15 Pfizer Inc.
• Exhibit 161: Pfizer Inc. - Overview
• Exhibit 162: Pfizer Inc. - Product / Service
• Exhibit 163: Pfizer Inc. - Key news
• Exhibit 164: Pfizer Inc. - Key offerings

• 12.16 Sanofi
• Exhibit 165: Sanofi - Overview
• Exhibit 166: Sanofi - Business segments
• Exhibit 167: Sanofi - Key news
• Exhibit 168: Sanofi - Key offerings
• Exhibit 169: Sanofi - Segment focus

• 12.17 Takeda Pharmaceutical Co. Ltd. 
• Exhibit 170: Takeda Pharmaceutical Co. Ltd. - Overview
• Exhibit 171: Takeda Pharmaceutical Co. Ltd. - Product / Service
• Exhibit 172: Takeda Pharmaceutical Co. Ltd. - Key news
• Exhibit 173: Takeda Pharmaceutical Co. Ltd. - Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 174: Inclusions checklist
• Exhibit 175: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 176: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 177: Research methodology
• Exhibit 178: Validation techniques employed for market sizing
• Exhibit 179: Information sources

• 13.5 List of abbreviations
• Exhibit 180: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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