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The non-small cell lung cancer (NSCLC)drugs market size is forecast to increase by USD 21.06 billion at a CAGR of 10.87% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Adenocarcinoma is a type of cancer that develops in the glandular tissue, which produces and secretes substances into the body. This form of cancer affects various organs, including the breast, lungs, esophagus, stomach, colon, rectum, pancreas, prostate, and uterus. Several factors contribute to the development of adenocarcinoma. Smoking is a significant risk factor for adenocarcinoma, making it a leading cause of this disease. Exposure to toxins in the home or work environment can also contribute to its development. Previous radiation therapy is another risk factor, increasing the likelihood of adenocarcinoma. In Massachusetts, researchers are developing innovative solutions to combat adenocarcinoma.
For instance, a deep learning system has been designed to analyze CT scans and assist radiation oncologists in diagnosing and treating the disease more accurately. Additionally, companies like Moderna and Rain Therapeutics are exploring the use of messenger RNA (mRNA) and anti-TIM-3 antibody, respectively, for targeted therapy. These advancements in technology and pharmaceuticals offer hope for improving life expectancy for patients diagnosed with adenocarcinoma. By continuing to invest in research and development, we can make significant strides in the fight against this disease.
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The adenocarcinoma segment was valued at USD 8.75 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In North America, the market for drugs used to treat Non-Small Cell Lung Cancer (NSCLC) is experiencing significant growth due to the increasing incidence of this disease and the presence of major pharmaceutical companies. The region's market leadership can be attributed to the high prevalence of NSCLC risk factors, such as cigarette smoking and air pollution, which result in a large patient population. Notable companies in this market include Merck KGaA, Eli Lilly and Company, Pfizer Inc., AstraZeneca, F. Hoffmann-La Roche Ltd, and Bristol-Myers Squibb Company. These companies' high-priced, effective drugs contribute to the market's high sales. Patient access to reimbursement schemes, patient assistance programs, and co-pay relief programs also facilitate increased drug sales. According to the Centers for Disease Control and Prevention (CDC), approximately 200,000 people in the US are diagnosed with lung cancer each year. The NSCLC drug market in North America includes various treatment options, such as Small Molecules (Alkylating Agents, Antimetabolites, Mitotic Inhibitors), Biologics, Multi-kinase Inhibitors, Chemotherapy, Radiation Therapy, Targeted Therapy, and Immunotherapy.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing prevalence of NSCLC is the key driver of the market.
Introduction and approval of combination therapies is the upcoming trend in the market.
The high cost of NSCLC treatment is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Non-small cell lung cancer (NSCLC) is a leading cause of cancer-related deaths worldwide. The NSCLC drug market encompasses various treatment modalities, including chemotherapy, radiation therapy, targeted therapy, and immunotherapy. Chemotherapy utilizes small molecules such as alkylating agents, antimetabolites, and mitotic inhibitors, while biologics and multi-kinase inhibitors are employed in targeted therapy. Radiation therapy, available in forms like three-dimensional conformal radiation therapy (3D-CRT), is used in conjunction with surgery or as a standalone treatment. Immunotherapy, a burgeoning area in NSCLC treatment, employs PD-L1 antibodies and anti-TIM-3 antibodies. Oral drugs are also prevalent in the market, with companies like Novartis Pharmaceuticals, Hoffmann-La Roche, and Xcovery contributing to the pipeline.
Additionally, fruquintinib (HMPL-013) and Moderna's messenger RNA (mRNA) therapies are among the emerging treatments. NSCLC treatment expenditure is influenced by factors like smoking behaviors, air pollution, and history of asbestos or tobacco consumption. Patients receive treatments in hospitals, specialty clinics, and through homecare services. Reimbursement policies, hospital pharmacies, retail pharmacies, and online pharmacies also play a crucial role in drug accessibility. Social distancing measures have led to an increase in teleconsultations and remote monitoring, potentially impacting the market dynamics.
Market Scope |
|
Report Coverage |
Details |
Page number |
177 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.87% |
Market growth 2024-2028 |
USD 21.06 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.53 |
Key countries |
US, Germany, China, Canada, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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