Asia-Pacific Non-Small Cell Lung Cancer Market to Reach Almost $5 Billion by 2022, says GBI Research

LONDON, May 5, 2016 /PRNewswire/ --

A new report from business intelligence provider GBI Research - Non-Small Cell Lung Cancer Therapeutics in Asia-Pacific Markets to 2022 - states that the Non-Small Cell Lung Cancer (NSCLC) market in Asia-Pacific (APAC) countries, including India, China, Australia, South Korea, and Japan, will experience strong growth from $2.7 billion in 2015 to $4.9 billion by 2022, representing a compound annual growth rate of 8.7%.

Immune-checkpoint inhibitors, such as Opdivo and Keytruda, will be particularly important drivers of growth, with the former recently gaining approval in Japan, Australia and South Korea and the latter currently undergoing Phase III trials in Australia, Japan and South Korea.

Analyst Stephen Palaparthy explains: "Several clinical trials are being carried out to test the safety and efficacy of drugs that can be used for first- and second-line treatment, which could enter the market in the forecast period. Yervoy, necitumumab, veliparib and bavituximab are being developed for first-line treatment of non-squamous patients, while Opdivo, Yervoy and necitumumab are forecast to experience strong uptake in squamous patients."

GBI Research states that other than the introduction of these premium therapies, increasingly elderly populations, higher levels of pollution and passive smoking, and diversified market reform will boost NSCLC drug sales.

Palaparthy continues: "Although the percentage of smokers is decreasing across APAC nations, the number of lung cancer patients is increasing because the disease is diagnosed more often in older individuals with smoking habits. Exposure to radon gas, inhalation of a range of chemical carcinogens, including asbestos, radiation, diesel exhaust fumes and air pollution, and genetic factors, have also contributed to the increase in lung cancer prevalence.

"In terms of market reform, access to treatment for the disease is favorable in Australia, Japan and South Korea thanks to proper reimbursement policies, and an improved awareness and lack of social stigma about lung cancer, enabling more people to be diagnosed at an early stage and receive treatment."

The analyst adds that while a number of patents for important NSCLC drugs including Avastin (bavituximab), Alimta (pemetrexed), Tarceva (erlotinib) and Iressa (gefitinib), will all expire during the forecast period, the effect on the market will be offset by the expected entry of targeted therapies.

Sample pages of GBI Research's report Non-Small Cell Lung Cancer Therapeutics in Asia-Pacific Markets to 2022 are available upon request.

About GBI Research
GBI Research is a leading provider of business intelligence reports, offering actionable data and forecasts based on the insights of key healthcare industry influencers to ensure you stay up-to-date with the latest market trends. For more information about our offerings, please contact us on: +44 161 3595817

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SOURCE GBI Research

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