Increase in the incidence of gynecological cancers and surge in awareness about cancer and early screening of cancer drive the growth of the global gynecological cancer drugs market
PORTLAND, Ore., May 18, 2022 /PRNewswire/ -- Allied Market Research published a report, titled, "Gynecological Cancer Drugs Market by By Therapeutic Modality (Chemotherapy, Targeted Therapy, Hormonal Therapy), by By Indication (Cervical Cancer, Uterine Cancer, Ovarian Cancer, Vaginal & Vulvar Cancer): Global Opportunity Analysis and Industry Forecast, 2020-2030." According to the report, the global gynecological cancer drugs industry generated $11.6 billion in 2020, and is estimated to reach $21.8 billion by 2030, witnessing a CAGR of 6.5% from 2021 to 2030.
Download Sample PDF at: https://www.alliedmarketresearch.com/request-sample/3411
Drivers, Restraints, and Opportunities
Increase in the incidence of gynecological cancers, rise in investments from the governments and public & private sectors for cancer treatment, and surge in awareness about cancer and early screening of cancer drive the growth of the global gynecological cancer drugs market. However, high cost involved in new drug development and the threat of failure & adverse effects associated with gynecological cancer drugs therapies restrain the market growth. On the other hand, high number of potential drugs in the pipeline presents new opportunities in the coming years.
Covid-19 Scenario
- The demand for gynecological cancer drugs reduced considerably due to lowered number of diagnoses during the Covid-19 pandemic. There was a decrease in the diagnoses of different types of cancer types by 46%.
- The demand is estimated to recover steadily post-pandemic as the number of diagnoses for various types of cancer is expected to increase.
The targeted therapy segment to maintain its leadership status during the forecast period
Based on therapeutic modality, the targeted therapy segment held the highest market share in 2020, contributing to nearly half of the global gynecological cancer drugs market, and is projected to maintain its leadership status during the forecast period. This is due to adoption of targeted therapy, fewer adverse effects of the therapy, and availability of a number of targeted therapeutics. However, the chemotherapy segment is estimated to manifest the largest CAGR of 7.1% from 2021 to 2030, owing to surge in demand of chemotherapy drugs for the treatment of cancer and rise in prevalence of cancer across the world.
Specific Requirement on COVID-19? Ask to Our Industry Expert: https://www.alliedmarketresearch.com/purchase-enquiry/3411
The cervical cancer segment to maintain its lead position throughout the forecast period
Based on indication, the cervical cancer segment contributed the highest market share in 2020, accounting for nearly two-fifths of the global gynecological cancer drugs market, and is expected to maintain its lead position throughout the forecast period. This is attributed to rise in the prevalence of cervical cancer across the globe and increase in the cases of HPV virus, as HPV is major causing agent of the cervical cancer. However, the vaginal & vulvar cancer segment is expected to witness the fastest CAGR of 8.2% from 2021 to 2030, owing to rise in the prevalence of vaginal cancer and surge in geriatric population across the world.
North America to maintain its dominance in terms of revenue by 2030
Based on region, North America accounted for the highest market share in terms of revenue in 2020, holding around two-fifths of the global gynecological cancer drugs market, and is expected to maintain its dominance in terms of revenue by 2030. This is due to the presence of large patient population, strong presence of key players, ease in drug availability, well-developed healthcare infrastructure, and favorable reimbursement policies in the healthcare system. However, Asia-Pacific is estimated to register the fastest CAGR of 7.5% during the forecast period, owing to increase in the number of cancer-affected patients and rise in awareness related to different cancers.
Leading Market Players
- Apotex Inc.
- AstraZeneca Plc
- Bristol-Myers Squibb Company
- Eli Lilly and Company
- F. Hoffmann-La Roche AG
- GlaxoSmithKline Plc
- Merck & Co., Inc.
- Novartis AG
- Pfizer, Inc.
- Teva Pharmaceutical Industries Ltd.
Avenue Basic Plan | Library Access | 1 Year Subscription |
Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.
Request for 14 days free trial: https://www.alliedmarketresearch.com/avenue/trial/starter
"We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market."
Trending Reports in Healthcare Industry (Book Now with 10% Discount):
Surgical Robotics Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
Empty Capsules Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
AI in Healthcare Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
Gene Therapy Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
3D Printing Healthcare Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
Advanced Wound Care Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
Surgical Clips Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
Electronic Health Records (EHR) Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
Fertility Services Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
Smart Hospitals Market - Global Opportunity Analysis and Industry Forecast, 2020-2028
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web:https://www.alliedmarketresearch.com/reports-store/life-sciences
Follow Us on LinkedIn:https://www.linkedin.com/showcase/life-sciences-industry-research/
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
