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How has the targeted therapy market grown in recent years?

The market size for targeted therapy has experienced significant growth in the past few years. It is projected to expand from $103.84 billion in 2024 to $111.47 billion in 2025, signifying a compound annual growth rate (CAGR) of 7.3%. Several factors have contributed to this growth during the historical period, including advances in molecular biology, rising incidences of cancer, a shift towards personalized medicine, support from FDA approvals, and regulatory endorsements.

How is the targeted therapy market size expected to evolve during the forecast period?

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Which key drivers are propelling the targeted therapy market’s growth?

The escalating numbers of cancer instances are anticipated to drive the expansion of the targeted therapy market in the future. Cancer is a condition characterized by rogue cells that can invade surrounding tissues and proliferate uncontrollably. By interrupting the signals that promote the multiplication of cancer cells or inducing the cancer cells to self-annihilate, targeted therapy aids. This kind of therapy uses drugs engineered specifically to act upon genes and proteins which enable cancer cells to thrive and endure, thus boosting its demand. For example, data from the American Cancer Society, a US-based charity dedicated to cancer advocacy, showed in January 2024, the cancer case count had risen to 2,001,140 from 1,958,310 in 2023, a surge of 2.19%. Therefore, the rising frequency of cancer will be a principal driver for the expansion of the targeted therapy market.

What are the market segments in the targeted therapy industry?

The targeted therapy market covered in this report is segmented –

1) By Type: Small Molecule Medicines, Monoclonal Antibodies

2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

3) By Application: Breast Cancer, Colorectal Cancer, Leukemia, Lung Cancer, Lymphoma, Renal Cancer, Other Applications

Subsegments:

1) By Small Molecule Medicines: Tyrosine Kinase Inhibitors (TKIs), Proteasome Inhibitors, Phosphatidylinositol 3-Kinase (PI3K) Inhibitors, Other Small Molecule Therapies

2) By Monoclonal Antibodies: Immune Checkpoint Inhibitors, Antibody-Drug Conjugates (ADCs), Cytokine Blockers, Other Monoclonal Antibodies

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Which leading companies are shaping the growth of the targeted therapy market?

Major companies operating in the targeted therapy market include Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd, Merck & Co Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi SA, Bristol Myers Squibb, AstraZeneca, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., Genmab A/S, Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals Incorporated, Agilent Technologies Inc., Illumina Inc., Incyte Corporation, Sysmex Corporation, Exact Sciences Corporation, Seagen Inc., Exelixis Inc., Seattle Genetics Inc., Genentech Inc., Daiichi Sankyo Company Limited

What key trends are currently impacting the targeted therapy market’s development?

Leading organizations in the targeted therapy market, such as Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd, Merck & Co Inc., and AbbVie Inc., are driving significant operations. Other key players include Bayer AG, Novartis AG, Sanofi SA, Bristol Myers Squibb, and AstraZeneca. Furthermore, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Gilead Sciences Inc., Amgen Inc., and Genmab A/S are also significant contributors. Companies like Regeneron Pharmaceuticals Inc., Biogen Inc., Vertex Pharmaceuticals Incorporated, Agilent Technologies Inc., and Illumina Inc. are key players, along with Incyte Corporation, Sysmex Corporation, Exact Sciences Corporation, Seagen Inc., Exelixis Inc., Seattle Genetics Inc., Genentech Inc., and Daiichi Sankyo Company Limited.

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Which geographic areas are influencing the growth of the targeted therapy market?

North America was the largest region in the targeted therapy market in 2024. The regions covered in the targeted therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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