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Lucintel Report Outlines $100 Billion Market for Global Oncology Drugs Industry in 2018
Date:4/15/2013

Irving, Texas (PRWEB) April 15, 2013

The global oncology drugs industry experienced significant growth during the past five years and is expected to continue that momentum to reach an estimated $100.6 billion in 2018.

Lucintel, a leading global management consulting and market research firm, has analyzed the global oncology drugs industry and presents its findings in “Global Oncology Drugs Industry 2013-2018: Trend, Profit, and Forecast Analysis.” The industry comprises firms primarily engaged in the development, manufacture, and marketing of oncology drugs.

Lucintel’s study of the oncology drugs industry includes all classes of drugs that are used as anti-cancer drug for the treatment of lung cancer, mouth cancer, colorectal cancer, skin cancer, kidney cancer, and all such other types of cancer, which are marketed and distributed as oncology drugs.

North America dominates this industry with more than one-third of the market share. Roche Holding Ltd., Novartis AG, Astra Zeneca Plc, Eli Lilly & Co., and Sanofi SA are the major industry players. A combination of factors such as technology innovations, medical insurance coverage, aging population, and changing lifestyles are seen to affect market dynamics significantly. The industry has seen a number of recent changes including growing competition, rise in merger and acquisition activities, increased cancer health insurance coverage, and an increasing amount of foreign direct investment.

As per the study, aging population, changing lifestyles, more effective diagnosing, unhealthy eating habits, and
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