Increasing Incidence of Cancer
Cancer has a major impact on societies across the world. The most common cancers in 2016 were breast cancer, lung & bronchus cancer, prostate cancer, colon & rectum cancer, bladder cancer, melanoma of the skin, non-Hodgkin lymphoma, thyroid cancer, kidney & renal pelvis cancer, leukemia, endometrial cancer, and pancreatic cancer. In 2014, an estimated 15,780 children and adolescents of ages zero to 19 were diagnosed with cancer, and 1,960 died of the disease. In 2012, 14.1 million new cases were reported worldwide. More than four out of 10 new cases of cancer were lung, female breast, bowel or prostate cancer, worldwide. So, this increasing incidence of cancer is driving the solid tumor therapeutics market.
The other factors, such as the increase in demand for POC testing, new product approvals in ovarian, pancreatic and prostate cancers, and the increase in molecular testing are driving the solid tumor therapeutics market.
Price Erosion Due to Generic Competition
The pharmaceutical company, Novartis, has seen a decline in their income due to the competition for their generic drug, Gleevec, in the United States. The generic drug became available in February 2016. The company’s net income fell from USD 2.31 billion to USD 2.01 billion in 2015.
The United States patent for the basic compound for Gleevec expired in July 2015, resulting in one of Sun Pharmaceutical Industries' subsidiaries being allowed to sell a generic version of the drug in America from February 2016. Gleevec has already been launched in the United States, while the European launch was in December 2016. The generic copy could harm sales of Novartis's best-selling drug, which accounts for approximately 24% of its oncology portfolio, and 15% of its pharmaceutical offering. The patent for Pemetrexed expired in Japan and major European countries in December 2015, while the United States patent expired in January 2017. Meanwhile, generics from competitors gaining approvals in Europe and Japan are expected to hamper the drug's future sales. Ortho Biotech Oncology Research & Development, a member of the Johnson & Johnson family of companies, developed the drug, which received the US FDA approval in April 2011. It is protected by two patent licenses and is marketed by another Johnson & Johnson company, Janssen Biotech. A lawsuit was filed against Mylan regarding the filing of an abbreviated new drug application (ANDA) with the US FDA for producing a generic version of Zytiga. These generic medicines are hindering the growth of the solid tumor therapeutics market. The other factors, such as expensive procedures and regulatory complications are also hindering the growth of the market.
United States Leads the Market in North America
The United States solid tumor therapeutics market held the largest market share in 2017 in the North American region due to the presence of high-quality healthcare system and modern medical technology in the country. Additionally, the growing awareness about cancer among the public is likely to contribute towards the growth of the solid tumor therapeutics market.
Key Developments in the Market
- August 2017: Bristol-Myers Squibb acquired IFM Therapeutics to strengthen its oncology segment.
- October 2017: Abbott completed the acquisition of Alere.
Reasons to Purchase the Report
- Follow the current and future global solid tumor therapeutics market in the developed and emerging markets.
- Examining the various perspectives of the market with the help of Porter’s Five Forces Analysis.
- Identify the segment that is expected to dominate the market.
- Identify the regions that are expected to witness the fastest growth during the forecast period.
- Identify the latest developments, market shares, and strategies employed by the major market players.
- 3-month analyst support along with the Market Estimate sheet (in Excel).
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1.1 Market Definition
2. Research Methodology
3. Executive Summary
4. Key Inferences
5. Market Overview
5.1 Current Market Scenario
5.2 Porter's Five Forces Analysis
5.2.1 Bargaining Power of Suppliers
5.2.2 Bargaining Power of Consumers
5.2.3 Threat of New Entrants
5.2.4 Threat of Substitute Products and Services
5.2.5 Competitive Rivalry within the Industry
6. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
6.1.1 Increasing Incidence of Cancer
6.1.2 Increase in Demand for POC Testing
6.1.3 New Product Approvals in Ovarian, Pancreatic, and Prostate Cancers
6.1.4 Increase in Molecular Testing
6.2.1 Stringent Regulatory Reforms
6.2.2 Price Erosion due to Generic Competition
6.4 Key Challenges
7. Market Segmentation
7.1 By Type of Cancer
7.1.1 Breast Cancer
7.1.2 Lung Cancer
7.1.3 Colorectal Cancer
7.1.4 Prostate Cancer
7.1.5 Cervical Cancer
7.2 By Drugs
7.2.6 Bevacizumab (Avastin)
7.2.7 Erlotinib (Tarceva)
7.2.8 Sunitinib (Sutent)
7.2.9 Everolimusa (Afinitor)
7.2.10 Docetaxel (Taxotere)
7.2.11 Abiraterone Acetate (Zytiga)
7.2.12 Cabazitaxel (Jevtana)
7.3 By Geography
7.3.1 North America
18.104.22.168 United States
22.214.171.124 United Kingdom
126.96.36.199 Rest of Europe
188.8.131.52 Australia & New Zealand
184.108.40.206 South Korea
220.127.116.11 Rest of Asia-Pacific
7.3.4 Middle East & Africa
18.104.22.168 South Africa
22.214.171.124 Rest of the Middle East & Africa
7.3.5 South America
126.96.36.199 Rest of South America
8. Competitive Landscape
8.1 Mergers & Acquisition Analysis
8.2 Agreements, Collaborations, and Partnerships
8.3 New Products Launches
9. Key Players
9.1 Abbott Laboratories, Inc.
9.2 Amgen, Inc.
9.3 AstraZeneca PLC
9.4 Baxter International, Inc.
9.5 Biogen, Inc.
9.6 Boehringer Ingelheim GmbH
9.7 Bristol-Myers Squibb Company
9.8 Eli Lilly and Company
9.9 F. Hoffmann-La Roche AG
9.10 GlaxoSmithKline PLC
*List not Exhaustive
10. Future of the Market
- Abbott Laboratories Inc.
- Amgen Inc.
- AstraZeneca PLC
- Baxter International Inc.
- Biogen Inc.
- Boehringer Ingelheim GmbH
- Bristol-Myers Squibb Company
- Eli Lilly and Company
- F.F. Hoffmann-La Roche AG
- GlaxoSmithKline PLC