Metastatic Cancer Drug Market Analysis, Scope, and Growth by 2028
Metastatic Cancer Drug Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 51.16 Billion |
Market Size by 2028 | US$ 68.35 Billion |
Global CAGR (2021 - 2028) | 4.2% |
Historical Data | 2019-2020 |
Forecast period | 2022-2028 |
Segments Covered |
By Cancer Type
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
Product-Based Insights
Based on product, the metastatic cancer drug market is bifurcated into branded and generics and biosimilars. The branded segment accounted for a larger market share in 2021. However, the generics and biosimilars segment is estimated to register a higher CAGR during the forecast period.
End User-Based Insights
Based on end user, the metastatic cancer drug market is segmented into hospitals, specialty clinics, and others. The hospital segment accounted for the largest share in 2021, whereas the specialty clinic segment is estimated to register the highest CAGR during the forecast period.
Product launches and approvals are among the commonly adopted strategies by companies to expand their global footprints and product portfolios. The metastatic cancer drug market players also focus on the partnership strategy to enlarge their clientele, which, in turn, permits them to maintain their brand name across the world. They aim to flourish their market shares with the development of innovative products.
AbbVie Inc.; Amgen Inc.; Bristol-Myers Squibb Company; F. HOFFMANN-LA ROCHE LTD.; Novartis AG; ASTRAZENECA PLC.; Eli Lilly and Company; MERCK KGaA; and Pfizer Inc. (Arena Pharmaceutical GmbH); and Johnson and Johnson Services, Inc. are the leading companies operating in the metastatic cancer drug market.