The global Lung Cancer Therapeutics market size is anticipated to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing penetration of nanomedicine to treat lung cancer and the increasing approvals of drugs across the globe.
Cancer causes abnormal cell growth during mutation. This can lead to undisciplined growth of the cells from the original site through lymph and blood system to another site. Lung cancer, also known as pulmonary carcinoma. is a type of cancer that is mainly observed in the lung tissues. Exposure to asbestos, cigarette smoking, pipe smoking, and cigar smoking can cause lung cancer. This cancer can be examined by biopsy, which is carried out by using bronchoscopy, and lung cancer can be treated by chemotherapy, radiotherapy, immunotherapy, and surgery.
The lung cancer reduces the ability of lungs to supply oxygen to the bloodstream. Non-small cell lung cancer (NSCLC), small cell lung cancer (SCLC), and lung carcinoid tumor are the three major types of lung cancer. NSCLC is the common type of lung cancer. Around 83% of lung cancers come under NSCLC. Coughing, wheezing, chest pains, appetite loss, weight loss, shortness of breath, and shortness of breath are some of the common symptoms of lung cancer.
The report on the global lung cancer therapeutics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Lung Cancer Therapeutics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Disease Types (Non-Small Cell Lung Cancer (NSCLC) and Small Cell Lung Cancer (SCLC)), Treatments (Radiation Therapy, Immunotherapy, Targeted Therapy, and others), |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
AstraZeneca, Boehringer Ingelheim, Bristol-Myers Squibb Company, and Eli Lilly and Company. |
On the basis of disease types, the market is divided into non-small cell lung cancer (NSCLC) and small cell lung cancer (SCLC). The NSCLC segment is expected to account for a major market share in the projected timeline. NSCLC is the common type of lung cancer. About 85% of the lung cancer patients in the UK have NSCLC type of cancer, according to Cancer Research 2017 data. Rising incidence of NSCLC type lung cancer is expected to drive the segment growth.
In terms of treatments, the market is segmented into radiation therapy, immunotherapy, targeted therapy, and others. The radiation therapy is expected to grow at a rapid pace during the forecast period owing to the emergence of latest technology in radiation therapies. Radiation therapy kills cancer cells or slows their growth by impairing the DNA.
On the basis of regions, the market is categorized as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to dominate the market during the forecast period. Lung cancer is the second most common cancer and it is the leading cause of cancer death for men and women in the US. Around 142,560 (76,650 men and 66,020 women) deaths from lung cancer occurred in the year 2019, as per American Society of Clinical Oncology 2019 report.
Key players competing in the lung cancer therapeutics market include AstraZeneca, Boehringer Ingelheim, Bristol-Myers Squibb Company, and Eli Lilly and Company.
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