Lung Cancer Therapeutics Market Size By Type (Non-Small Cell Lung Cancer, Small Cell Lung Cancer), By Therapy (Targeted Therapy, Immunotherapy, Chemotherapy), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Geographic Scope And Forecast
Report ID: 141700|No. of Pages: 202
Lung Cancer Therapeutics Market Size By Type (Non-Small Cell Lung Cancer, Small Cell Lung Cancer), By Therapy (Targeted Therapy, Immunotherapy, Chemotherapy), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), By Geographic Scope And Forecast
Lung Cancer Therapeutics Market Size And Forecast
Lung Cancer Therapeutics Market size was valued at USD 27.94 Billion in 2024 and is projected to reach USD 70.17 Billion by 2031, growing at a CAGR of 12.20% from 2024 to 2031.
- Lung cancer therapeutics encompass a range of treatment options designed to combat lung cancer, including chemotherapy, targeted therapy, immunotherapy, and radiotherapy.
- These therapeutics are utilized to treat both non-small cell lung cancer (NSCLC) and small cell lung cancer (SCLC), the two main types of lung cancer.
- Furthermore, lung cancer therapeutics play a crucial role in improving patient outcomes, extending survival rates, and enhancing the quality of life for those diagnosed with lung cancer.
Global Lung Cancer Therapeutics Market Dynamics
The key market dynamics that are shaping the lung cancer therapeutics market include:
Key Market Drivers
- Increasing Lung Cancer Incidence: The increasing prevalence of lung cancer is a significant driver of the therapies market. According to the World Health Organization (WHO), lung cancer was responsible for 2.21 million new cases worldwide in 2020, making it the second most frequent cancer. This growing burden is driving demand for improved therapeutic options, including targeted treatments and immunotherapy.
- Growing Aging Population: The expanding older population, which is more prone to lung cancer, is a major market driver. According to the United Nations, the population aged 65 and up is predicted to exceed 1.5 billion by 2050, expanding the patient pool for lung cancer medicines and boosting the demand for effective treatments.
- Advancements in Targeted Therapies: Continuous advancements in targeted medicines and immunotherapy are propelling the lung cancer therapeutics market. According to the American Cancer Society, targeted medications such as EGFR inhibitors have been demonstrated to increase survival rates, with roughly 15% of non-small cell lung cancer (NSCLC) patients carrying EGFR mutations that are targeted by these treatments.
Key Challenges:
- High Cost of Treatment: The prohibitive cost of many lung cancer therapies, especially newer targeted therapies and immunotherapies, is faced. These high costs limit access to treatment for many patients, particularly in regions with less developed healthcare systems.
- Side Effects of Treatments: Significant side effects associated with many lung cancer treatments are encountered. These side effects impact patient quality of life and sometimes lead to treatment discontinuation, posing a challenge to market growth.
- Drug Resistance: The development of resistance to various lung cancer therapies over time is observed. This resistance limits the long-term efficacy of treatments and necessitates the continuous development of new therapeutic approaches.
Key Trends:
- Personalized Medicine: A shift towards personalized treatment approaches based on genetic profiling of tumors is seen. This trend is leading to more targeted and effective therapies tailored to individual patient’s genetic makeup.
- Combination Therapies: An increasing focus on combination therapies, which use multiple drugs or treatment modalities together, is observed. These combinations show promise in improving treatment outcomes and overcoming drug resistance.
- Liquid Biopsy Advancements: The development and adoption of liquid biopsy techniques for lung cancer diagnosis and monitoring is witnessed. These less invasive methods are enabling earlier detection and more precise treatment monitoring.
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Global Lung Cancer Therapeutics Market Regional Analysis
The regional analysis of the lung cancer therapeutics market:
North America:
- According to Verified Market Research, North America is estimated to dominate the lung cancer therapeutics market over the forecast period. North America has a sizable patient population suffering from lung cancer, which drives the demand for advanced therapeutics. According to the Centers for Disease Control and Prevention (CDC), lung cancer is the leading cause of cancer deaths in the U.S., with approximately 228,150 new cases diagnosed in 2020. This significant burden is pushing the region’s demand for effective treatments, including immunotherapy and targeted therapies.
- Increased government support and funding for cancer research significantly drives the lung cancer therapeutics market in North America. The National Cancer Institute (NCI) allocated $1.5 billion in 2020 specifically for lung cancer research. This funding helps accelerate the development of new treatments, including precision medicine and immunotherapy, thereby expanding the therapeutics market.
- Furthermore, the high prevalence of smoking and other risk factors, such as environmental pollutants, continues to drive lung cancer incidence in North America. The CDC reports that smoking remains the leading cause of lung cancer, with around 34.1 million U.S. adults smoking cigarettes in 2019. This high-risk population increases the demand for lung cancer therapeutics, particularly for treatment options targeting advanced and recurrent lung cancer.
Asia Pacific:
- The Asia Pacific region is estimated to exhibit the highest growth during the forecast period. According to the Global Cancer Observatory (GLOBOCAN) 2020, China alone accounted for over 816,000 new lung cancer cases, making it the country with the highest number of cases globally. This rising burden is pushing demand for innovative lung cancer therapies in the region.
- Smoking remains a major risk factor in the Asia-Pacific region, contributing heavily to lung cancer cases. The World Health Organization (WHO) reports that the region is home to over 60% of the world’s smokers, with countries like China and India leading in tobacco consumption. This high smoking rate fuels the demand for lung cancer therapeutics, particularly for non-small cell lung cancer treatments.
- Furthermore, with improving healthcare infrastructure and increasing investments in cancer care, the adoption of advanced therapeutics, such as immunotherapy and targeted therapies, is rising in the Asia-Pacific region. According to the Asia-Pacific Economic Cooperation (APEC), healthcare spending in the region is expected to grow at 6.6% annually through 2025, facilitating broader access to cutting-edge lung cancer treatments.
Global Lung Cancer Therapeutics Market Segmentation Analysis
The Lung Cancer Therapeutics Market is segmented based on Type, Therapy, Distribution Channel, and Geography.
Lung Cancer Therapeutics Market, By Type
- Non-Small Cell Lung Cancer (NSCLC)
- Small Cell Lung Cancer (SCLC)
Based on Type, the market is segmented into Non-Small Cell Lung Cancer (NSCLC) and Small Cell Lung Cancer (SCLC). The non-small cell lung cancer (NSCLC) segment is estimated to dominate the lung cancer therapeutics market due to several factors. A higher incidence of NSCLC, accounting for approximately 80-85% of all lung cancer cases, is observed. This larger patient pool is driving the demand for NSCLC therapeutics. Additionally, a wider range of treatment options, including targeted therapies and immunotherapies, is developed and approved for NSCLC compared to SCLC. The success of these advanced therapies in improving survival rates for NSCLC patients is further contributing to the segment’s dominance in the market.
Lung Cancer Therapeutics Market, By Therapy
- Targeted Therapy
- Immunotherapy
- Chemotherapy
- Others
Based on Therapy, the market is segmented into Targeted Therapy, Immunotherapy, Chemotherapy, and Others. The targeted therapy segment is projected to grow at the highest CAGR in the lung cancer therapeutics market. This rapid growth is attributed to several factors. Advancements in understanding the molecular basis of lung cancer are leading to the development of more effective targeted therapies. These therapies are preferred due to their ability to specifically attack cancer cells while minimizing damage to healthy cells, resulting in fewer side effects compared to traditional chemotherapy. The success of targeted therapies in improving progression-free survival and overall survival rates in clinical trials is driving their increased adoption. Furthermore, ongoing research and development efforts are continually expanding the range of targetable genetic mutations in lung cancer, broadening the applicability of these therapies.
Lung Cancer Therapeutics Market, By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Based on the Distribution Channel, the market is divided into Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies. The hospital pharmacies segment is estimated to dominate the market over the forecast period. A preference for hospital-based treatment for lung cancer, particularly for advanced therapies such as immunotherapy and targeted therapy, is observed. Hospital pharmacies are seen as better equipped to handle the storage and administration of complex cancer medications, many of which require special handling or intravenous administration. The availability of specialized oncology pharmacists in hospital settings, who provide expert advice on drug interactions and side effect management, is further driving the dominance of this segment. Additionally, the integration of cancer care teams in hospital settings, allowing for coordinated care and immediate access to medications, is contributing to the preference for hospital pharmacies in lung cancer treatment.
Lung Cancer Therapeutics Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
Based on Geography, the lung cancer therapeutics market is classified into North America, Europe, Asia Pacific, and Rest of the World. North America is expected to dominate during the forecast period. A high incidence of lung cancer in the region, particularly in the United States, is observed. The presence of well-established healthcare infrastructure and favorable reimbursement policies for cancer treatments is facilitating access to advanced lung cancer therapies. A strong presence of major pharmaceutical companies and research institutions in North America is driving innovation in lung cancer therapeutics. The region is also witnessing rapid adoption of novel treatment modalities, including personalized medicine approaches and combination therapies. Furthermore, high healthcare expenditure and greater awareness about lung cancer screening and early detection in North America are contributing to its dominant position in the lung cancer therapeutics market.
Key Players
The “Lung Cancer Therapeutics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are F. Hoffmann-La Roche Ltd., AstraZeneca plc, Bristol-Myers Squibb Company, Merck & Co., Inc., Pfizer Inc., Eli Lilly and Company, Novartis AG, Boehringer Ingelheim International GmbH, Takeda Pharmaceutical Company Limited, and Amgen Inc.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Lung Cancer Therapeutics Market Recent Developments
- In May 2023, AstraZeneca received approval from the U.S. Food and Drug Administration (FDA) for the expanded use of Tagrisso, a targeted therapy for the adjuvant treatment of patients with early-stage non-small cell lung cancer (NSCLC) with EGFR mutations. This approval is expected to enhance treatment options for lung cancer patients.
- In March 2023, Bristol-Myers Squibb announced promising results from its Phase III CheckMate-816 trial, which showed that its immunotherapy Opdivo (nivolumab), combined with chemotherapy, significantly improved survival rates for patients with resectable NSCLC, marking a breakthrough in early-stage lung cancer treatment.
- In February 2023, Roche launched a new liquid biopsy diagnostic test in partnership with Foundation Medicine, designed to detect mutations in lung cancer patients. This test allows for non-invasive genomic profiling, enabling personalized treatment options, particularly in advanced lung cancer stages.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | F. Hoffmann-La Roche Ltd., AstraZeneca plc, Bristol-Myers Squibb Company, Merck & Co., Inc., Pfizer Inc., Eli Lilly and Company, Novartis AG, Boehringer Ingelheim International GmbH, Takeda Pharmaceutical Company Limited, and Amgen Inc. |
| SEGMENTS COVERED | By Type, By Therapy, By Distribution Channel, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope. |
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• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled
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Frequently Asked Questions
1 INTRODUCTION OF GLOBAL LUNG CANCER THERAPEUTICS MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL LUNG CANCER THERAPEUTICS MARKET OUTLOOK
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL LUNG CANCER THERAPEUTICS MARKET, BY TYPE OF LUNG CANCER
5.1 Overview
5.2 Non-Small Cell Lung Cancer
5.3 Small Cell Lung Cancer
6 GLOBAL LUNG CANCER THERAPEUTICS MARKET, BY TREATMENT MODALITIES
6.1 Overview
6.2 Chemotherapy
6.3 Immunotherapy
6.4 Targeted Therapy
6.5 Radiation Therapy
6.6 Surgery
7 GLOBAL LUNG CANCER THERAPEUTICS MARKET, BY LUNG CANCER STAGE
7.1 Overview
7.2 Early-Stage Lung Cancer
7.3 Analysis of Therapeutics for Advanced or Metastatic Lung Cancer
8 GLOBAL LUNG CANCER THERAPEUTICS MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL LUNG CANCER THERAPEUTICS MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 F. Hoffmann-La Roche Ltd.
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Bristol Myers Squibb
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Merck & Co.
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Pfizer Inc.
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 AstraZeneca
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Eli Lilly and Company
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Developments
10.7 Novartis AG
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Boehringer Ingelheim
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 AbbVie
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Takeda Pharmaceutical Company Limited
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Reports
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Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
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Industry Analysis Matrix
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