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Pune, India, September, 2017 /MRFR Press Release/- Market Research Future published a half-cooked research report on Asia Pacific cancer biological therapy market.
Asia pacific Cancer Biological Therapy Market Highlights
Cancer is the leading and the second largest cause of death across the globe. The disease is characterized by disordered and deregulated cellular and stromal explosion along with reduced cell death and growth factor deprivation, and other factors. Biological therapy treatment is done with the help of living organisms, parts of living organisms or laboratory manufactured version of such content. Most of the biological therapies use bacteria or vaccines to mimic the body’s immune system to act against cancer developing cells. The major driving factor for the market are increasing prevalence of the cancer and high investment in research & development. Furthermore, increasing healthcare expenditure and the government support fuel the market growth. On the other hand, high cost of the treatment may hamper the market over the corresponding period.
The Asia Pacific cancer biological therapy market is expected to grow at a CAGR of 5.5% during the forecasted period.
Segmentation
The Asia Pacific cancer biological therapy market is segmented into types, phases, and end users.
On the basis of types, the market is segmented into monoclonal antibodies, interferons, interleukins, cancer growth inhibitors, gene therapy, colony-stimulating factors, targeted therapy, cancer vaccines, and others. On the basis of phases, the market is segmented into phase I, phase II, and phase III.
On the basis of end users, the market is segmented into hospitals & clinics, cancer research centers, laboratories, and others.
Regional analysis
China dominated the Asia Pacific cancer biological therapy market owing to the presence of huge patient population, high healthcare spending and increasing government support. According to Asian Development Bank, in 2015, approximately 200 million was over 65 years age. Beside this increasing number of medical emergencies, and increasing healthcare spending has paved way for the growth of the market. Incident cancer cases are estimated to increase in Asia from 6.1 million in 2008 to 10.7 million in 2030 and cancer deaths from 4.1 million in 2008 to 7.5 million in 2030. India accounts for the second largest market owing to the presence of huge population base, and increasing government support for research & development. Japan and Australia has developing market.
Key Players
The key players for the market: Amgen, Inc. (US), Bristol-Myers Squibb Company (US), Eli Lilly and Company (US), AstraZeneca Plc. (UK), GlaxoSmithKline Plc. (UK), Bayer AG (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), Pfizer, Inc. (US), Merck & Co., Inc. (US), Novartis AG (Switzerland), Spectrum Pharmaceuticals Inc. (US), Janssen Biotech, Inc. (US), Sanofi (France), AbbVie Inc. (US), Takeda Pharmaceuticals (Japan), Oncomed Pharmaceuticals (US) and Immunomedics (US)
Since the cost of the cancer biological therapy is high, many companies are focusing on introducing better and cost-effective product. Acquisitions, collaborations, new product launches, and expansion are the major strategies adopted by the players to achieve growth in this market.
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