How the Chemotherapy Market Will Grow: Key Trends, Market Size, and Opportunities Beyond 2025
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What Industry-Specific Factors Are Fueling the Growth of theChemotherapy Market?
The growth of the chemotherapy market is likely to be boosted by the surging prevalence of cancer. When certain cells in the body begin to multiply uncontrollably and metastasize, we refer to it as cancer. Chemotherapy utilizes potent chemicals, either in combination or individually, to treat cancer by eradicating rapidly multiplying cancer cells. The rising incidence of cancer will correspondingly amplify the need for chemotherapy. For example, the American Cancer Society Inc., a non-profit health organization based in the US, predicts 1.9 million new cancer diagnoses in the country in 2023, a rise from 1.8 million new cases in 2020. Additionally, it is predicted that 609,820 cancer-related fatalities will occur in the US in 2023, up from an estimated 606,520 deaths in 2020. Hence, the escalating prevalence of cancer is fueling the demand in the chemotherapy market.
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How Has the Chemotherapy Market Evolved in Recent Years, and What are the Growth Projections for the Forecast Period?
In recent times, the chemotherapy market has seen swift expansion. The market, which stood at $34 billion in 2024, is now projected to rise to $37.78 billion in 2025, signifying an incredible compound annual growth rate (CAGR) of 11.1%. This extraordinary growth during the past years is a result of several factors including increasing incidence of cancer, advancements in diagnostic methods, innovative drug development, active clinical trials, enhanced healthcare accessibility, and awareness drives.
It is anticipated that the chemotherapy market will witness significant expansion in the upcoming years, with expected growth to $62.22 billion in 2029, showcasing a compound annual growth rate (CAGR) of 13.3%. The projected growth during the forecast period is due to factors such as the integration of immunotherapy, adoption of biosimilars, the expansion of emerging markets, genomic profiling, advancements in supportive care, and regulatory facilitation. Leading trends during the forecast period encompass digital health solutions, personalized treatment, ongoing oncology research, the use of artificial intelligence (AI), developments in nanotechnology, and home-based chemotherapy administration.
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What Key Market Trends and Innovations Are Shaping the Future of theChemotherapy Industry?
The key players in the chemotherapy market are ensuring their competitive advantage by developing innovative technologies such as chemotherapy infusion pumps. These devices help deliver chemotherapy drugs directly into a patient’s bloodstream via an intravenous line. They provide a secure and controlled method to slowly introduce the drugs into the body. For instance, in March 2022, the China-based medical technology developer Shanghai MicroPort Lifesciences Co. Ltd., received approval for marketing the AutoEx Chemotherapy Infusion Pump from China’s National Medical Products Administration (NMPA). The AutoEx pump is engineered for either continuous or intermittent infusion of chemotherapy drugs in cancer patients. It is designed to keep an optimum concentration of the drug in the bloodstream to enhance cancer treatment efficacy while minimizing side effects. The device incorporates a dual CPU control system and standby power supply, ensuring precise drug delivery. This feature makes the pump more comfortable and safer for patients during chemotherapy treatment.
Which Companies Are Leading the Charge in Expanding theChemotherapy Market Growth?
Major companies operating in the chemotherapy market include GlaxoSmithKline plc, Eli Lilly and Company, F. Hoffmann-La Roche Ltd., Novartis AG, Pfizer Inc., Merck & Co Inc., Sanofi SA, Celgene Corporation, Bristol-Myers Squibb Company, Amgen Inc., Bayer AG, Almatic Pharma LLC, AstraZeneca Pharmaceuticals, Astellas Pharma Inc., Puma Biotechnology Inc., Clovis Oncology Inc., Takeda Pharmaceutical Company Limited, Johnson & Johnson Services Inc., Mylan NV, Teva Pharmaceutical Industries Ltd., AbbVie Inc., Gilead Sciences Inc., Biogen Inc., Eisai Co. Ltd., Ipsen SA, Spectrum Pharmaceuticals Inc., Seattle Genetics Inc., Exelixis Inc., Karyopharm Therapeutics Inc., Incyte Corporation, Agios Pharmaceuticals Inc., Epizyme Inc., Blueprint Medicines Corporation, Array BioPharma Inc., BeiGene Ltd., Halozyme Therapeutics Inc., MacroGenics Inc., Immunomedics Inc., TG Therapeutics Inc., Verastem Inc.
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How is the Global Chemotherapy Market Segemented?
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
Subsegments:
1) By Pump: Infusion Pumps, Portable Pumps, Ambulatory Pumps
2) By Cannula: Peripheral Cannulas, Central Venous Catheters, Implantable Ports
3) By Catheter: Chemotherapy Catheters, PICC Lines
4) By Other Product Types: Safety Devices, IV Sets, Administration Sets
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https://www.thebusinessresearchcompany.com/customise?id=9219&type=smpGlobal Chemotherapy Market, Global Chemotherapy Market Report, Global Chemotherapy Market Trends, Global Chemotherapy Market Size
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