Global Non-Small Cell Lung Cancer Drugs Market 2019-2023 | 13% CAGR Projection Over the Next Five Years | Technavio

LONDON–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Technavio?src=hash” target=”_blank”gt;#Technaviolt;/agt;–The global non-small cell lung cancer drugs market is expected to post a
CAGR of more than 13% during the period 2019-2023, according to the
latest market research report by Technavio.


Over the years, the prevalence of non-small cell lung cancer has been
increasing at a rapid pace, resulting in a high unmet need for
disease-modifying drugs. As a result, several companies have been
focusing on R&D for the development of new drugs, which has resulted in
the development of a strong drug pipeline for the treatment of non-small
lung cancer. A number of drugs have been approved, and several others
are in the final stages of approval. Thus, recent drug approvals will
drive market growth during the forecast period.

As per Technavio, the use of predictive biomarkers for the development
of cost-effective therapies will have a positive impact on the market
and contribute to its growth significantly over the forecast period.
This global
non-small cell lung cancer drugs market 2019-2023
research
report also analyzes other important trends and market drivers that will
affect market growth over 2019-2023.

Global non-small cell lung cancer drugs market:
Use of predictive biomarkers for the development of cost-effective
therapies

Lung cancer is a highly heterogeneous disease that can develop either
due to gene expression patterns or genetic mutations, which can result
in uncontrolled cellular growth and progression. Therefore, the use of
biomarkers is highly significant which helps in determining the
mutational status of genes. Most of non-small cell lung cancer treatment
guidelines recommend the need for biomarker testing as part of the
routine diagnosis, prior to initiating therapy in the first-line
setting. The use of predictive biomarkers that provide information about
the effect of a therapeutic intrusion has become crucial as it helps in
the development of cost-effective therapies with improved clinical
benefits.

“The prevalence of non-small cell lung cancer has increased
significantly across the world owing to the rise in risk factors such as
cigarette smoking, secondary smoking, air pollution, and occupational
exposure. Lung cancer is the leading cause of cancer deaths worldwide.
The rapid industrial development and urbanization are also the major
factors driving the high prevalence of lung cancer. This will increase
the need for new and effective drugs that can treat non-small cell lung
cancer,”
says a senior research analyst at Technavio.

Global non-small cell lung cancer drugs market:
Segmentation analysis

This market research report segments the global non-small cell lung
cancer drugs market by products (biologics, small molecule targeted
therapy, and chemotherapy) and geographic regions (Asia, Europe, North
America, and ROW).

The biologics segment held the largest non-small cell lung cancer drugs
market share in 2018. The growth of the biologics segment can be
attributed to the availability of biologics that are used in
immunotherapy, the increasing adoption of biologics, recent drug
launches, and the strong pipeline targeting first-line treatments for
patients with non-small cell lung cancer.

The North America region led the market in 2018, followed by Europe,
Asia, and ROW respectively. The market in North America is driven by
factors such as the access to patient assistance and co-pay relief
programs, the high prevalence of non-small cell lung cancer, strong
pipeline and new drug approvals in the region.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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