Cytotoxic Drugs Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The global cytotoxic drugs market size is expected to register a CAGR of 1.2% over the forecast period. The availability of novel drugs, presence of strong pipeline, and supportive government legislation for disease awareness are among the key trends in escalating market growth. Besides this, the growing incidence of cancer, coupled with increasing geriatric population and unorganized lifestyle, is estimated to provide a fillip to the market. As per the World Health Organization, cancer is the second-leading cause of death globally and is responsible for an estimated 9.6 million deaths in 2018. Globally, about one in six deaths are due to cancer. Treatment of cancer majorly includes chemotherapy that involves the use of cytotoxic drugs to inhibit cell division. The increasing number of chemotherapy procedures being performed due to rising cases of cancer is expected to increase the demand for cytotoxic drugs, which may drive the market studied.

The future of the cytotoxic drugs market has a high probability of gaining an array of novel therapies, with multiple first-in-class developments in each major target family, broadening the scope of potential benefits for patients. The R&D spending from companies, like Johnson & Johnson Services Inc., Eli Lilly and Company, Pfizer Inc., Mylan NV, has increased exponentially.

The wide range of pipeline drugs possessing high probability of approval in clinical trials in the future is predicted to provide lucrative growth opportunities to cytotoxic drugs market. For instance, AstraZeneca collaborated with Parexel for the development of novel drug with combination of cytotoxic chemotherapy and AZD7648 so as to treat advanced malignancies. Thus, it is anticipated to drive the growth of the market studied.

However, complications associated with cytotoxic drugs and high cost of these drugs may lead to a steep decrease for the market studied.

Scope of the Report

As per the scope of the report, cytotoxic drugs or cytostatics (also cytotoxic chemotherapy) are drugs used to destroy cancer cells. Cytotoxic drugs inhibit cell division and in this way cause cancer cells to die. Cytotoxic drugs are transported in the bloodstream throughout the body. Cytotoxic drugs market is segmented by drug type, route of administration, application, and geography.

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Key Market Trends

The Breast Cancer Segment Is Anticipated To Expand At The Fastest CAGR And Is Expected To Continue The Same During The Forecast Period

• Breast cancer is expected to register a lucrative CAGR during the forecast period. Rising prevalence of the disease, along with emerging novel therapies, are some of the major factors likely to drive the segment. According to the World Health Organization, in 2018, breast cancer is the most frequent cancer among women, impacting 2.1 million women each year, and also causes the greatest number of cancer-related deaths among women.
• The high growth potential attained is a consequence of upsurge in the patient pool suffering from breast cancer. This can be attributed to a significant increase in the demand for cytotoxic drugs.
• Initiatives undertaken by various organizations to create awareness, educate people, and raise funds for the disease are anticipated to propel the segmental growth. For instance, the Ministry of Health and Family Welfare runs the breast cancer awareness month Campaign and educate people about breast cancer. This is likely to propel the growth of the segment, thereby, increasing the demand for cytotoxic drugs.

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