Overview and Scope
Chemotherapy refers to a treatment using drugs or medicines that kill the fast-growing cells in the body by using powerful chemicals. The drugs can be used in combination or alone for the treatment of cancer. They are used to treat cancer, as cancer cells grow at a fast rate.
Sizing and Forecast
The chemotherapy market size has grown rapidly in recent years. It will grow from $30.89 billion in 2023 to $34.38 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The growth in the historic period can be attributed to cancer incidence increase, advancements in cancer diagnosis, innovation in drug development, clinical trial activity, access to healthcare, awareness campaigns..
The chemotherapy market size is expected to see rapid growth in the next few years. It will grow to $54.86 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to immunotherapy integration, biosimilar adoption, emerging markets growth, genomic profiling, supportive care advances, regulatory facilitation.. Major trends in the forecast period include digital health solutions, personalized medicine, continued oncology research, integration of artificial intelligence (ai), advancements in nanotechnology, home-based chemotherapy administration..
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Segmentation & Regional Insights
The chemotherapy market covered in this report is segmented –
1) By Product Type: Pump, Cannula, Catheter, Other Product Types
2) By Service: Blood Cancer, Throat Cancer, Lung Cancer, Ovarian Cancer, Stomach Cancer
3) By Drugs: Alkylating Agents, Antimetabolites, Anti-Tumor Antibiotics, Topoisomerase Inhibitors, Mitotic Inhibitors, Other Drugs
4) By Route Of Administration: Oral, Intravenous
5) By End User: Hospitals, Research Institutes, Other End Users
North America was the largest region in the chemotherapy market in 2023. Asia-Pacific is expected to be the fastest-growing region in the chemotherapy market report during the forecast period. The regions covered in the chemotherapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing cancer prevalence is expected to propel the growth of the chemotherapy market going forward. Cancer refers to a disease in which a few body cells grow uncontrollably and spread to other parts. In chemotherapy powerful chemicals are used in combination or alone for the treatment of cancer by killing fast-growing cancer cells. In addition, increasing cancer prevalence will increase the demand for chemotherapy. For instance, in 2023, according to the American Cancer Society Inc., a US-based non-profit health group, 1.9 million new cancer cases are expected to be diagnosed in the US, an increase from 1.8 million new cancer cases diagnosed in 2020. In the US, 609,820 cancer-related deaths are anticipated in 2023, while it was anticipated that 606,520 Americans would pass away from cancer in 2020. Therefore, the increasing cancer prevalence is driving the chemotherapy market.
Key Industry Players
Major companies operating in the chemotherapy market are focused on adopting strategic partnerships to commercialize the launch of innovative medical devices aiding in chemotherapy services. These partnerships aim to leverage the strengths and resources of each party to accelerate breakthroughs in cancer treatment, improve patient outcomes, and address unmet medical needs. For instance, in March 2023, EVERSANA, a US-based provider of global services to the life sciences industry, partnered with ChemoMouthpiece LLC, a US-based medical device company, to support the launch and commercialization of its medical device, the Chemo Mouthpiece, to assist oncology patients across the United States. The Chemo Mouthpiece is an intraoral ice pack that delivers cryotherapy to the oral cavity of a patient receiving chemotherapy. It prevents and cures oral mucositis, a common and excruciating chemotherapy side effect.
The chemotherapy market report table of contents includes:
1. Executive Summary
2. Chemotherapy Market Characteristics
3. Chemotherapy Market Trends And Strategies
4. Chemotherapy Market – Macro Economic Scenario
5. Global Chemotherapy Market Size and Growth
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31. Global Chemotherapy Market Competitive Benchmarking
32. Global Chemotherapy Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Chemotherapy Market
34. Chemotherapy Market Future Outlook and Potential Analysis
35. Appendix
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