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Rising Prevalence Of Lung Cancer Boosts The Lung Cancer Drugs Market Demand For Its Efficient Treatment

Lung Cancer Drugs Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

Lung Cancer Drugs Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

The Business Research Company’s Lung Cancer Drugs Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026

LONDON, GREATER LONDON, UK, March 15, 2022 / -- The rising prevalence rate of lung cancer is a major driver for the lung cancer market. According to the lung cancer drugs market forecast, this is mainly because an increase in prevalence and incidence rate of lung cancer cases propels the need for drugs that enable efficient and fast treatment of the disease. It also drives the industry to maintain a strong pipeline of drugs. According to the World Health Organization report, cancer led to around 10 million deaths in 2020, out of which, lung cancer was responsible for the largest number of deaths (1.80 million deaths).

Targeted drug therapy in combination with other therapies is an emerging trend in the lung cancer market. It involves the use of immunotherapy drugs combined with other therapies such as chemotherapy that help in early diagnosis, prevention and treatment of the disease. In this regard, drug manufacturers are developing targeted drug therapies for better diagnosis and treatment of lung cancer. For example, Merck and Co. developed pembrolizumab, which is a drug that helps the immune system to detect and fight cancer cells when used in addition to chemotherapy. This combination therapy showed an improvement in lung cancer status in patients. The drug is a major product of Merck and Co., and is sold under the brand name Keytruda.

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The global lung cancer drugs market size is expected to grow from $28.45 billion in 2021 to $32.98 billion in 2022 at a compound annual growth rate (CAGR) of 15.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global lung cancer drug market share is expected to reach $56.00 billion in 2026 at a CAGR of 14.2%.

Major players covered in the global lung cancer drugs industry are Bristol-Myers Squibb Company, Merck & Co., F. Hoffmann-La Roche Ltd, Novartis AG, Pfizer Inc., GlaxoSmithKline, Vertiv Co., Sanofi-Aventis, Sun Pharmaceuticals Industries and Celgene Corporation.

TBRC’s global lung cancer drugs market analysis report is segmented by disease type into small cell lung cancer (SCLC), Non-small cell lung cancer (NSCLC), by end-user into hospitals, clinics, others, by drug into gemzar, paraplatin, taxotere, navelbine, avastin, tarceva, iressa, others.

Lung Cancer Drugs Global Market Report 2022 – By Disease Type (Small Cell Lung Cancer: SCLC), Non-Small Cell Lung Cancer: NSCLC)), By End User (Hospitals, Clinics), By Drugs (Gemzar, Paraplatin, Taxotere, Navelbine, Avastin, Tarceva, Iressa) – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides a lung cancer drugs market overview, forecast lung cancer drugs market size and growth for the whole market, lung cancer drugs market segments, geographies, lung cancer drugs market trends, lung cancer drugs market drivers, restraints, leading competitors’ revenues, profiles, and market shares.

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