Generic Oncology Drugs Market Growth, Size, Trends 2023-2031

Date:

Share post:

The new report by Expert Market Research titled, ‘Global Generic Oncology Drugs Market Report and Forecast 2023-2031’, gives an in-depth analysis of the Global Generic Oncology Drugs Market, assessing the market based on its segments like Type, Indication, and major regions.

The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Request a free sample copy in PDF or view the report summary@ https://www.expertmarketresearch.com/reports/generic-oncology-drugs/requestsample

The key highlights of the report include:

Market Overview (2016-2031)

  • Historical Market Size (2022): USD 25.3 billion
  • Forecast CAGR (2023-2031): 6.2% 
  • Forecast Market Size (2031): 43.7 billion

The demand for generic oncology drugs is expected to rise due to an increasing prevalence of cancer cases and a surge in the geriatric population globally. However, tight regulatory controls and adverse medication effects, such as fatigue, nausea, vomiting and pain, among others, may impede the industry’s development. Fast-paced and challenging lifestyles contributing to increased consumption of alcohol and growing smoking cases are projected to benefit the industry’s growth in the forecast era.

The increased popularity of targeted oncology drugs with the ability to treat multiple cancer types has also been projected to fuel demand growth over the projected timeframe. Besides, the growing pharmaceutical industry and growing awareness of cancer among the population also boost the development of the market.

Generic Oncology Drugs Industry Definition and Major Segments

Generic oncology drugs are cost-effective variants of branded non-biological oncology drugs with equivalent dose, type, intensity, route of administration and intended use. These drugs are used in treating cancerous cells by either shrinking or reducing them.

Various government initiatives to promote generic drugs have boosted the oncology drug market. Moreover, the cost associated with the cancer treatment is another factor improving the demand for oncology drugs as they are cost-effective and reduce the cost burden associated with the treatment.

Explore the full report with the table of contents@ https://www.expertmarketresearch.com/reports/generic-oncology-drugs

Based on type, the market is divided into:

  • Small-Molecule Drugs
  • Large-Molecule Drugs

By route of administration, the industry is categorised into:

  • Oral
  • Parenteral

By indication, the industry is categorised into:

  • Lung Cancer
  • Colorectal Cancer
  • Breast Cancer
  • Prostrate Cancer
  • Liver Cancer
  • Others

By region, the industry is categorised into:

  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • The Middle East and Africa

Generic Oncology Drugs Market Trends

The industry is expected to gain traction in the coming years due to the rise in multi-source investment and the pharmaceutical industry’s increasing growth. The mounting number of deaths due to cancer has forced concerns on the usage of oncology drugs in the treatment pathway.

According to Globocan 2020, 19.3 million cases were observed, and 10 million cancer deaths were reported. Growing demand for oncology drugs from developing countries due to the increasing number of cancer cases further catalyzes industry growth.

The business is expected to see more growth in the coming years due to the growing R&D initiatives of the players engaged in the industry. Increasing government funding and the ever-increasing pharmaceutical sector are projected to add more fuel to business growth.

The growing geriatric population is prone to cancer is also projected to help market growth in the coming years. Over the forecast period, escalating number of profitable growth opportunities for oncology drugs is projected to fuel market growth.

North America currently leads the oncology drugs market, and its stronghold is expected to persist during the forecast period. The North American market is anticipated to be led by the US with considerable revenue growth. The growth can be attributed to the growing penetration of leading companies, the launch of new generic oncology drugs, and a rising strategic collaboration rate.

The Asia Pacific region is projected to see significant growth over the forecast period due to increased investment by pharmaceutical companies, especially in developing economies such as China and India, contributing to ease of accessibility of drugs to the patients, thus, aiding the growth of the market.

The high prevalence of diseases and steady government efforts to increase affordable drugs are expected to drive the demand over the forecast period. The parenteral drugs segment is expected to witness robust growth owing to their ease of usage and introduction of new parenteral medications to reduce the cancer cases load globally. Whereas, by type, small molecules oncology drugs are anticipated to hold a significant share owing to their efficiency, drug safety and minimal adverse effects.

Key Market Players

The major players in the market are Mylan N.V., Hikma Pharmaceuticals PLC, Stason Pharmaceuticals, Mayne Pharma, Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market playe

About Us:

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organisation’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person: Joe Goldberg, Business Consultant
Email: sales@expertmarketresearch.com
Toll-Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

Related articles

How to purchase the best options for tipper trucks through online platforms

Purchasing the refurbished or used option of a tipper truck could be definitely helpful in saving a lot...

Qualities to Consider in a Provider of Drilling Equipment: Detailed Guide

Having dependable drill rigs is essential for resource exploration, geothermal drilling, and water well drilling. Purchasing new drilling...

Benefits Of Implementing Revenue Intelligence in Your Business

Revenue intelligence is a term used to dеscrіbе thе practice of gathering, analyzing and acting on revenue rеlatеd...

What’s All the Talk About With Drinking Game Cards and Naughty Valentine’s Gifts for Him

The 14th of February, Valentine's Day, is meant to be a day of a display of love and...
uluslararası nakliyat uluslararası evden eve nakliyat uluslararası nakliyat uluslararası evden eve nakliyat ev depolama ev eşyası depolama istanbul eşya depolama yurtdışı kargo uluslararası kargo firmaları uluslararası kargo taşımacılığı uluslararası ev taşıma uluslararası eşya taşımacılığı uluslararası ev taşıma uluslararası nakliyat uluslararası evden eve nakliyat
Antalya escort Antalya escort Belek escort
Antalya escort Antalya escort Belek escort
porn