Cancer Therapeutics Market Size to Reach US$ 176 Bn by 2026

LOS ANGELES, Nov. 27, 2019 /PRNewswire/ -- The global cancer therapeutics market is expected to grow at a CAGR of around 7.8% over the forecast period 2019 to 2026 and reach the market value of over 176 billion by 2026.

Free Download Sample Report Pages for Better understanding@ https://www.acumenresearchandconsulting.com/request-sample/1626

In 2018, North America dominated the regional market with maximum share. The well-established healthcare infrastructure and early adoption of new technologies in the region is favoring market growth. The high prevalence of cancer in the region due to the rapidly changing lifestyle is contributing to the market growth. In addition, according to National Cancer Institute (NCI), 15.5 million cancer survivors were estimated in the United States in the year 2016. Additionally, according to the institute, US-based cancer survivors are anticipated to increase to 20.3 million during the forecast period of 2026.

On the basis of application, breast cancer accounted for the largest market share in the year 2018 and the cancer type is also expected to maintain its dominance over the forecast period owing to its high prevalence.  For instance, scientists at the Institute of Cancer Research (ICR) in London announced that they have found a way to prevent the escape of triple-negative breast cancer cells, and the new way can disrupt the key process in the evolution of cancer. The team has used a drug from Boston Pharmaceuticals called BOS172722 for the rapid division of cancer cells. Apart from these, breast cancer is also diagnosed as the most common cancer in the US region, which is also supporting the growth of the segment.

View Detail Information with Complete TOC@ https://www.acumenresearchandconsulting.com/cancer-therapeutics-market

By treatment type, targeted therapy dominated the market with the largest share and the segment is also expected to maintain its dominance over the forecast period owing to its advantage over its substitutes. The advantage associated with the targeted therapy includes less harm to normal cells and fewer side effects among others. The targeted therapy is used as maintenance treatment for advanced cancer to prevent the comeback cancer is also a factor supporting the growth of the segment.

Some of the leading competitors are AbbVie Inc., Astellas Pharma Inc., Bristol Myers Squibb Company, Celgene Corporation, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Johnson & Johnson, Merck & Co., Inc., Novartis AG, and Pfizer Inc. among others. The key players of the cancer therapeutics market are involved in research & development activities for providing more advanced and efficient solutions to the patients for early recovery.

Related Reports:

• Dialysis Market - The global market is expected to grow at a CAGR of around 5.7% from 2019 to 2026 and expected to reach the market value of around US$ 124.2 Bn by 2026.
• Artificial Intelligence for Drug Discovery Market   - The global market size is expected to reach around US$ 8,149 Mn by 2026 and is expected to register a CAGR of above 42% over the forecast period 2019 to 2026.
• Healthcare Staffing Market - The global market value is expected to reach around US$ 45.2 Bn by 2026 and growing at a CAGR of around 5.2% over the forecast period 2019 to 2026.

Some of the key observations regarding Cancer Therapeutics industry include:

• Kymera Therapeutics Inc., a biotechnology company announced to present preclinical data demonstrating the potency and antitumor activity of a selective stat3 degrader at the AACR-NCI-EORTC international conference in 2019, focused on molecular targets and cancer therapeutics.
• The Texas Medical Center (TMC) Innovation Institute campus comprises several different enterprises from labs to co-working spaces to accelerator programs. The TMC innovation is starting a new program for early-stage startups, which are focused on developing novel cancer therapeutics.
• Mirati Therapeutics, Inc. a clinical-stage targeted oncology company, announced to present a Pre-Clinical And Initial Clinical Data at the AACR-NCI-EORTC International Conference on Molecular Targets and Cancer Therapeutics in 2019 at Hynes Convention Center, Boston. The data is focused on MRTX849, a novel and optimized KRAS G12C inhibitor.
• Virginia Tech has announced a cancer research initiative with the development of a university-wide cancer research strategy. The strategy is intended for creating and expanding synergies among more than 30 existing research teams. The initiative is focused to find a new way to prevent, quickly diagnose, and treat cancers.
• Verseau Therapeutics, Inc. launched with US$50 Mn in financing from 3SBio, Alexandria Venture Investments, 20/20 HealthCare Partners, Highlight Capital, InHarv Partners Ltd., The Mark Foundation for Cancer Research and Yonghua Capital. The launch is intended to develop in-Class Macrophage-Targeted Immunotherapies. Former Executive Vice President of Celgene and a champion of innovation honored with Ph.D. named George Golumbeski, appointed as the chairman of the Verseau Board of Directors.
• Immunomic Therapeutics, Inc. announced a presentation in 2019 at the Precision Lung Cancer World R&D Summit, Boston. The talk is likely to be initiated by the Business Development Advisor of Immunomic, with the title "Current & Future Application of the UNITE Platform in Cancer Immunotherapy."

Request for Customization@ https://www.acumenresearchandconsulting.com/request-customization/1626

The report is readily available and can be dispatched immediately after payment confirmation.

Buy this premium research report – https://www.acumenresearchandconsulting.com/buy-now/0/1626

If you would like to place an order or have any questions, please feel free to contact at [email protected] | +1 407 915 4157 OR +1 408 900 9135

About Us

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. Among the industries served include aerospace and defense, information and communication technology (ICT), semiconductor and electronics, healthcare and pharmaceuticals, chemicals, advanced materials, banking, finance services and insurance (BFSI), and others.

Our collective industry experience of over 100 years has helped us to offer appropriate market information and our global reach and regional connects ensures appropriate insights into regional markets to guarantee apt delivery of information.

Our regional market intelligence helps our clients to identify potential opportunities and develop growth strategies across regions and countries. Our services are geared towards offering best market research to our clients.

Contact Us:

Mr. Frank Wilson
Acumen Research and Consulting
17890, Castleton St #218, Rowland Heights, CA 91748 United States
Tel: +1-407-915-4157 OR +1-408-900-9135
Email: [email protected] 
Website: https://www.acumenresearchandconsulting.com

SOURCE Acumen Research and Consulting

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED