Oncology Drugs Market: Major Top Key Players
Some of the key players operating in the oncology drugs market with most significant product development include and are not limited to Amgen Inc, Takeda Oncology, Bayer AG, Boehringer Ingelheim GmbH, Bristol-Myers Squibb, Celgene Corporation, Eli Lilly and Company, F. Hoffmann-La Roche AG, GlaxoSmithKline PLC, Johnson and Johnson, Merck & Company, Novartis AG, Pfizer Inc., Sanofi S.A., Teva Pharmaceuticals and among others.
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Oncology Drugs Market: Market Analysis
The cancer drugs market is driven by the growing prevalence of various types of cancer, increasing demand of biological and targeted drug therapies, continuous patent expiry of key cancer drugs and the rising impact of biosimilars. However, the high cost of drug development, the threat of failure and the adverse effects of cancer drug therapy, particularly chemotherapy, hinders the market growth. Developed nations have implemented strict regulations for the design and development of cancer drugs. USFDA and European Union have undertaken significant initiatives to fuel the growth of the cancer drugs market by providing pre-market approval for potential drugs under clinical development.
Oncology Drugs Market: Introduction
Immunotherapies/ biologics are emerging as potential therapies to find the permanent cure for various cancer types. Amongst various biologics, drugs based on monoclonal antibodies (mAbs) have gained significant attention in recent years due to their high efficacy.
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Oncology Drugs Market: Major Top Key Players
Some of the key players operating in the oncology drugs market with most significant product development include and are not limited to Amgen Inc, Takeda Oncology, Bayer AG, Boehringer Ingelheim GmbH, Bristol-Myers Squibb, Celgene Corporation, Eli Lilly and Company, F. Hoffmann-La Roche AG, GlaxoSmithKline PLC, Johnson and Johnson, Merck & Company, Novartis AG, Pfizer Inc., Sanofi S.A., Teva Pharmaceuticals and among others.
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