The global Ovarian Cancer Drugs Market predicted to reach $1.99 billion by 2022.
The global ovarian Cancer Drugs Market was worth $1.3 billion in 2018, and is predicted to increase at a CAGR of 11.2 percent to $1.99 billion by 2022. AstraZeneca, Roche, Tesaro, Clovis Oncology, and Boehringer Ingelheim are among the market's major participants.
In 2018, the ovarian cancer medications market was led by North America, followed by Europe. This area is predicted to stay the largest during the next five years.
The Ovarian Cancer Drugs Market is being driven by the increased prevalence of ovarian cancer. According to the World Cancer Research Fund International (WCRF), almost 300,000 new ovarian cancer cases were reported worldwide in 2018..Furthermore, ovarian cancer is the eighth most prevalent disease in women and the 18th most common cancer worldwide. According to a study conducted by The World Ovarian Cancer Coalition in 2018, the number of ovarian cancer patients is anticipated to increase by 55 percent by 2035.According to a research on cancer facts and numbers 2018, the number of new cancer cases and fatalities in the United States were expected to be 1,735,350 and 609,640, respectively, in 2018. In addition, there were 22,240 new instances of ovarian cancer diagnosed and 14,070 ovarian cancer fatalities in the United States in 2018. As a result, the global increase of ovarian cancer instances causes the ovarian cancer drugs market growth.
The market for Ovarian Cancer drugs is being held back by the growing use of biologics and targeted therapy. Targeted therapies act as drug alternatives by identifying and attacking cancer cells rather than normal cells. Bevacizumab, for example, is a targeted therapy biologic medication that is used to treat ovarian cancer. Zejula, a targeted therapy medicine, was recently licenced by the FDA for the treatment of ovarian cancer, and many other targeted therapy drugs, such as PARP inhibitors (targeted therapy drug), are currently undergoing clinical studies or are in the drug pipeline.Genentech's biologics licence for ovarian cancer medications was also approved by the FDA, underscoring the fact that many new businesses are joining the biologics ovarian cancer treatment market. As a result, the rising popularity of alternatives like biologics and targeted therapy may stifle the market for ovarian cancer drugs.
In the pharmaceutical sector, companies are actively innovating and creating combination medications to treat ovarian cancer. Combination medications address complex medical diseases by combining two or more active pharmaceutical ingredients (APIs) into a single dosage form.Pharmaceutical businesses in the ovarian cancer medications market are investing in the research and development of new products, such as combination drugs, to lower manufacturing costs, enhance compliance and efficiency, improve medication concordance, increase profitability, and reduce adverse effects. For example, Roche's blockbuster tranquillize Avastin (bevacizumab) is a combination medicine approved by the FDA in 2018 that contains carboplatin and paclitaxel and is used to treat advanced ovarian cancer (stages III or IV).
Comments
Post a Comment