Cervical Cancer Drugs Market Forecast 2023-2027 By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s cervical cancer drugs market report forecasts the cervical cancer drugs market size to grow to $30.39 Billion by 2027, with a CAGR (compound annual growth rate) of more than 5%.
Learn More On The Cervical Cancer Drugs Market Report 2023 – https://www.thebusinessresearchcompany.com/report/cervical-cancer-drugs-global-market-report
Cervical Cancer Drugs Market Size Forecast
The global cervical cancer drugs market is expected to grow from $23.24 billion in 2022 to $24.69 billion in 2023 at a compound annual growth rate (CAGR) of 6.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global cervical cancer drugs market size is expected to grow to $30.39 billion in 2027 at a CAGR of 5.3%.
North America held the largest cervical cancer drugs market share, and Middle East was the fastest-growing region in 2022.
Key Cervical Cancer Drugs Market Driver – Increase In The Prevalence Of HIV In Women
According to a survey conducted by the National cancer institute, a person with HIV is three times as likely to be diagnosed with cervical cancer.
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Key Cervical Cancer Drugs Market Trend – Experiencing Several Significant Trends
The cervical cancer drugs market is experiencing several significant trends that help in efficient and targeted treatment of the disease including advances in drug delivery. One such trend is the use of drugs that can be delivered directly from the vagina such as drugs using vaginal formulations such as gels, creams, pessaries, rings, films, and tablets. These drugs ease the localized treatment of cervical cancer. The formulation of these drugs is in such a way that they get easily absorbed into vaginal tissue and reach the site of action. For instance, companies introduced vaginal gels such as Cidofovir gel and 851B Gel into the market to treat cervical cancer. As per the reports by the International Council for Harmonization of Technical Requirements for Pharmaceuticals for Human Use (ICH)’s Clinical Trials Registry, 851B Gel is in the trial phase. Whereas Cidofovir gel, sold under the brand name Vistide is already a success in the market. In addition to the above-mentioned gels, drugs such as ISA101, AGEN2034, and Z-100 are in pipeline and promise growth in the cervical cancer drugs market.
Cervical Cancer Drugs Market Segment
1) By Cancer Type: Squamous Cell Cancer, Adenocarcinoma
2) By Drug Type: Avastin, Bevacizumb, Blemocin, Blenoxane, Other Drug Types
3) By Distribution Channel: Hospitals Pharmacies, Retail Pharmacies, Other Distribution Channels
Cervical Cancer Drugs Market Major Players and Strategies
Major players in the cervical cancer drugs market are F. Hoffmann-La Roche Ltd., Hetero, GlaxoSmithKline, Eli Lilly and Company, Pfizer, Alnylam Pharmaceuticals, Allergan PLC., Biocon Limited, Bristol-Myers Squibb Company and Novartis AG.
In August 2022, GSK, a UK-based pharmaceutical company acquired AffinivaxInc. for an undisclosed amount. Through this acquisition, GSK Company wants to expand its portfolio in the development of drugs by using various technologies. AffinivaxInc. is a US-based biopharmaceutical company operating in various drug delivery including cervical cancer drugs.
The Cervical Cancer Drugs Global Market Report 2023 covers regional data on cervical cancer drugs market size, cervical cancer drugs market trends and drivers, opportunities, strategies, and cervical cancer drugs market competitor analysis. The countries covered in the cervical cancer drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Cervical cancer drugs refer to the drugs or medications that are used to treat cervical cancer. This treatment is effective in killing cancer cells in the majority of body parts because the chemicals enter the bloodstream and can travel to practically all parts of the body. Cervical cancer is a medical condition in which there is a tumor formation in the lower portion of the uterus which is known as the cervix.
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