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LI2003123 |
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Feb 2020 |
Lung cancer can be bifurcated into two types, non-small cell lung cancer (NSCLC) and small cell lung cancer (SCLC). Lung cancer is the unrestrained growth of numerous cells in lung tissues. The most common type of lung cancer cases registered is non-small cell lung cancer. The most commonly observed symptoms of NSCLC are loss of appetite, chest pain, wheezing, weight loss, hoarseness, shortness of breath, coughing up blood, recurring bronchitis, and fatigue among others. Increasing incidences of lung cancer cases are caused due to air pollution, owing to the inhalation of harmful metals such as cadmium and radon, HIV infection, smoking, and rapid growth in the population are some of the key factors driving the non-small cell lung cancer treatment market during the forecast period.
The non-small cell lung cancer treatment market is expected to witness swift growth majorly due to rising awareness about the disease among people globally. In addition, stringent government regulations to control reasons for the cancer occurrences, for instance, smoking control regulations and others is expected to drive the market growth during the projected period. These key factors will act as a substantial factor for the growth of the global non-small cell lung cancer treatment market over the forecasted period. Furthermore, rapid authorizations of various drugs such as Carboplatin, Fluorouracil, and others for curing non-small cell lung cancer will further upsurge the market growth.
Inspite of the efficiency of numerous targeted treatments, the drugs utilized for the therapies are in their research and development stages. The market is expected to reach newer heights once the regulations, approvals, and clinical trials for these upcoming drugs are accomplished.
The limitations related to treatment, and the availability of generic drugs are anticipated to hamper the market growth during the projected period. Moreover, rising resistance towards targeted therapies will cause a restriction in the development of global non-small cell lung cancer treatment market during the forecasted period.
The global non-small cell lung cancer treatment market, on the basis of treatment type, has been categorized into chemotherapy, surgery, radiation therapy and targeted therapy. Surgery is mainly chosen for treating patients in their first two phases of non-small cell lung cancer treatment. This includes pneumonectomy, lobectomy, and wedge resection. Chemotherapy is widely preferred for a large number of patients suffering from lung cancer. As per the guidelines laid by the American Society for Clinical Oncology (ASCO), the usage of platinum combination therapy must be considered for treating the first phase of non-small cell lung cancer treatment. For chemotherapy, cisplatin and carboplatin are used according to the approvals from the U.S. FDA.
North America region is expected to dominate the global non-small lung cancer treatment market. The growth is majorly attributed to the presence of a large number of developed healthcare infrastructure and key players in this region. Satisfactory insurance policies, for instance, reimbursement for the majority of medical treatments, along with the existence of regulatory bodies and key research is anticipated to drive the North American market during the projected period.
Non-small cell lung cancer treatment market for Asia-Pacific region is anticipated to experience a swift growth in the near future. Rising incidences of numerous cancers, along with vast unmet medical needs, will likely create new growth opportunities for the adoption of non-small cell lung cancer treatments at a swift growth rate. Increasing government initiatives in developing nations such as South Korea, China, and India to improve the awareness regarding cancer diseases among the people is anticipated to further propel the Asia Pacific non-small cell lung cancer treatment market.
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Source: Research Dive Analysis
The key players for the global non-small cell lung cancer treatment market are GlaxoSmithKline PLC, Astra Zeneca PLC, Genentech Inc., Pfizer Inc., Bristol-Myers Squibb, Celgene Corp., Eli Lilly & Co., Sun Pharmaceutical Industries Ltd., and Boehringer Ingelheim are some of the key players in this market. These key players are majorly concentrating growth advancements in current technology, new product launches, mergers and acquisitions, and geographical expansion. These are some of the growth strategies adopted by these companies.
For instance, in August 2018, U.S. FDA sanctioned the Keytruda-chemotherapy combination for the treatment of non-squamous non-small cell lung cancer that was developed by Merck.
Aspect |
Particulars |
Historical Market Estimations |
2018-2019 |
Base Year for Market Estimation |
2018 |
Forecast timeline for Market Projection |
2019-2026 |
Geographical Scope |
North America, Europe, Asia-Pacific, LAMEA |
Segmentation by Treatment |
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Segmentation by Drug |
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Key Countries Covered |
U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia |
Key Companies Profiled |
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Source: Research Dive Analysis
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