Oncology deals with diagnosis,
prevention and treatment of cancer diseases. Anti-cancer or anti-neoplastic
agents are the drugs that prevent or inhibit or halt the proliferation and
maturation of neoplasms, an abnormal growth of tissues commonly referred as
tumors. These drugs prevent the growth of malignant tumors by affecting the
process of cell division or by damaging the DNA and initiate apoptosis or by
preventing the development and spread of neoplastic cells. Several types of
cancers that can be treated by oncology drugs are blood cancer, lung cancer,
endocrine cancer, bone cancer, gastric cancer, colorectal cancer, skin cancer,
breast cancer, pancreatic cancer, prostate cancers, ovarian cancer, ocular
cancer and others
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The global oncology drugs market has
shown modest growth in the past years with a CAGR of over 8.8%. The year 2017
recorded highest ever growth in this market with a net value of $125.9 billion
as per TBRC’s in-house consultants.
TBRC’s latest report shows the
historic and future trends in the market for each year with sourced reasons to
support the growth claims.
The report also shows the oncology
drugs market to grow at a higher CAGR by 2021 as compared to 2017, along with
geographies best suited for investments with highest return rate.
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report at
Personalized medicines have a
tremendous impact on cancer treatment as they provide a customized individual
treatment where chemotherapy fails to achieve the desired patient outcomes. The
idea of personalized medicine, also referred to as precision medicine, is to
provide medical care according to the patient’s individual characteristics,
needs, preferences and genetic makeup. Several companies are investing in this
type of medicines. According to a survey by the Tufts Center, 94% of
pharmaceutical companies are investing in personalized medicine research. For
instance, Kura Oncology Inc., a biopharmaceutical company, is developing a
pipeline of precision medicines for the treatment of solid tumors and blood
cancers. Perthera, a US based company is also developing in personalized cancer
therapies
TBRC’s latest report will cover
in depth understanding and calculated impacts of each market factor on a global
as well as regional level, to analyze the best investment strategy for this
market.
Companies included in the report
are Novartis AG, F. Hoffmann-La Roche Ltd., Allergan Plc., Valeant
Pharmaceuticals Intl Inc., and Bayer AG.
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