What are the Historical Developments and Current Growth Metrics of the Anti Neoplastic Agents Market?
The anti neoplastic agents market has seen considerable growth due to a variety of factors.
• The market for anti-neoplastic agents has seen robust growth in recent times. Its size is anticipated to increase from $130.01 billion in 2024 to $142.82 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 9.9%.
This significant rise during the historical period can be credited to factors such as an upsurge in cancer cases, growing necessity for therapeutic methods, escalating demand for less invasive cancer interventions, and the need for cost-effective anti-neoplastic treatments.
What is the Forecasted Market Size and CAGR for the Anti Neoplastic Agents Market?
The anti neoplastic agents market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for anti-neoplastic agents is predicted to experience robust growth, with an expected value of $202.12 billion in 2029, at a compound annual growth rate (CAGR) of 9.1%.
The projected growth for this period can be associated with increased patient understanding and consciousness, government efforts, rising demand for tailored cancer treatments, and an increased attention to quality of life in cancer treatments. The high growth forecast is further insulated by ongoing advancements in oncology research, emergence of targeted therapies, innovative biotechnological approaches, and improvements in diagnostic tools.
What Key Factors and Trends Are Driving The Growth Anti Neoplastic Agents Market?
The anticipated upsurge in cancer cases is likely to boost the antineoplastic agent market's expansion. Cancer refers to a set of diseases which may occur in almost any organ or tissue if rogue cells multiply uncontrollably, trespass their usual limitations, and subsequently invade other organs or neighboring body parts. Antineoplastic agents are fundamental in cancer treatment as they obstruct cancer cell multiplication and division via several mechanisms, namely DNA (Deoxyribonucleic acid) damage, cell cycle interruption, and hindrance with crucial cellular pathways. As an illustration, in February 2024, the International Agency for Research on Cancer (IARC), a France-based global agency promoting multinational cooperation in cancer studies, predicted the cancer burden to exceed 35 million by 2050, marking a 77% rise from the estimated 20 million in 2022. Therefore, the growing number of cancer cases is stimulating the expansion of the antineoplastic agent market. Your attention is drawn to the Anti-Neoplastic Agents Market Driver, as the surge in cancer research investment is predicted to propel the market's growth. The term 'investment in cancer research' represents the allocation of financial means to endorse scientific initiatives aimed at understanding, preventing, diagnosing, and treating cancer. This elevated funding allows pharmaceutical and biotech companies to embark on the exploration, invention, and thorough examination of new anti-neoplastic agents, which includes identifying drug targets and synthesizing possible candidates. For instance, the Department of Health and Aged Care, an Australian government agency, granted $893.5 million in March 2022 to augment cancer services and results, and this includes $329.4 million for modern cancer drugs such as Trodelvy for triple-negative breast cancer, Lynparza for metastatic castration-resistant prostate cancer, and Mylotarg for acute myeloid leukemia, thus potentially aiding hundreds of patients annually. Consequently, the escalation in cancer research investment is expected to accelerate the growth of the anti-neoplastic agent market.
What Are The Market Segments In The Anti Neoplastic Agents Market?
The anti-neoplastic agents market covered in this report is segmented –
1) By Type: Alkylating Agents, Antimetabolites, Hormones And Antagonists, Miscellaneous
2) By Disease Type: Gastrointestinal Cancer, Prostate Cancer, Lung Cancer, Breast Cancer, Other Disease Types
3) By End User: Hospitals, Clinics, Cancer Rehabilitation Centers, Ambulatory Surgical Centers
Subsegments:
1) By Alkylating Agents: Nitrogen Mustards, Alkyl Sulfonates, Nitrosoureas, Triazines
2) By Antimetabolites: Purine Analogues, Pyrimidine Analogues, Folate Antagonists
3) By Hormones and Antagonists: Estrogens and Antiestrogens, Androgens and Antiandrogens, Glucocorticoids
4) By Miscellaneous: Vinca Alkaloids, Taxanes, Antibiotic Antineoplastics, Targeted Therapy Agents
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What Emerging Trends Are Influencing The Growth Of The Anti Neoplastic Agents Market?
Main players in the anti-neoplastic agent industry are making strides in clinical innovations to maintain their market presence. For example, in March 2022, the Switzerland-based pharmaceutical giant Novartis AG revealed that the Food and Drug Administration (FDA) approved their new product Pluvicto. This pioneering targeted radioligand therapy is used to treat progressive, PSMA positive metastatic castration-resistant prostate cancer (mCRPC). The recommended dose is 7.4 GBq (200 mCi) of Pluvicto to be administered intravenously every six weeks, up to a maximum of six doses, or until the disease progress to an intolerable level of toxicity, whichever comes first. It's important to note that patients with previously treated mCRPC should be selected for Pluvicto treatment based on the PSMA expression in their tumors using approved PSMA-11 imaging agents such as Locametz.
Who Are the Key Players In The Anti Neoplastic Agents Market?
Major companies operating in the anti-neoplastic agents market are:
• Pfizer Inc.
• F. Hoffmann-La Roche Ltd.
• Merck & Co. Inc.
• Bayer AG
• Novartis AG
• Bristol-Myers Squibb Company
• AstraZeneca PLC
• Fresenius SE & Co. KGaA
• Takeda Pharmaceutical Company Limited
• Boehringer Ingelheim International GmbH
• Viatris Inc.
• Teva Pharmaceutical Industries Ltd.
• Eisai Co. Ltd.
• Sun Pharmaceutical Industries Limited
• Ipsen SA
• Cipla Limited
• Dr. Reddy's Laboratories Ltd.
• Intas Pharmaceuticals Limited
• Hikma Pharmaceuticals PLC
• Gland Pharma Limited
• Zydus Lifesciences Limited
• Glenmark Pharmaceuticals Ltd.
• Jubilant Life Sciences Ltd.
• Lantheus Holdings Inc.
• Hutchison Medipharma Ltd.
• Natco Pharma Ltd.
• Accord Healthcare Limited
• Qilu Pharmaceutical Co. Ltd.
What Are The Regional Insights Into The Anti Neoplastic Agents Market?
North America was the largest region in the anti-neoplastic agents market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in anti-neoplastic agents market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
