Global Oncology Drug Market

Snehal Lokhande04 Apr, 2019Business

Global Oncology Drug Market is expected to reach 140.75 Billion by 2024 from 83.78 Billion in 2016 at CAGR of 6.7% (Detailed analysis of the market CAGR is provided in the report). Global Oncology Drug Market is segmented on the basis of Therapeutic Modalities, Cancer types, and Geography. The increasing demand of biological and targeted drug therapies, the rising prevalence of various types of cancer, rising impact of biosimilars, and continuous patent expiry of key cancer drugs are the major factors driving the growth of Global Oncology Drug Market. However, the adverse effects of cancer drug therapy and a threat of failure, and the high cost of drug development are the key restraining factors for market growth.