report cover1

Cancer Therapy Market - Global Industry, Analysis, Size, Share, Growth, Trends, and Forecasts 2023-2030

There are many types of cancer treatment. The types of treatment that patients receive will depend on the types of cancer. Some cancers will have only one treatment, some have a combination of treatments, such as surgery with chemotherapy and radiation therapy. Types of treatment may have biomarker testing for cancer treatment in which testing look for genes, proteins, and other substance that can provide cancer information. Biomarker testing can help doctors to choose a cancer treatment.

Chemotherapy is a type of cancer treatment that uses drugs to kill cancer cells. Hormone therapy is a treatment that shows or stops the growth of breast and prostate cancers that use hormone therapy and side effects that may happen. Hypothermia is a type of treatment in which the body’s tissues are heated t as o as highF to help damage and kill cancer cells with little or no harm to normal tissue. Immunotherapy is a type of cancer treatment that helps the immune system fight cancer. Photodynamic therapy uses a drug activated by light to kill cancer and other abnormal cells. Radiation therapy is a type of cancer treatment that uses high doses of radiation to kill cancer cells and shrink tumors. Stem cell transplant are producers that restore stem cells that grows into blood cells in people who have their destroyed by high doses of chemotherapy or radiation therapy. Targeted therapy is a type of cancer treatment that targets the changes in cancer cells that help them grow, divide, and spread.  When used to treat cancer surgery is a procedure in which a surgeon removes cancer from the body. Laser therapy uses a very narrow focused beam of light to destroy cancer cells. Laser therapy is used to destroy tumors and precancerous growths, shrink tumors that are blocking the stomach, help treat cancer symptoms, and seal nerve endings after surgery. Cryosurgery is a therapy that uses very cold gas to freeze and kill cancer cells. It is sometimes used to treat cells that might turn into cancer on the skin or cervix.

Global Cancer Therapy Market – Competitive Landscape

On October 3, 2023, Eli Lilly acquired Point Biopharma to expand oncology capabilities into next-generation radioligand therapies. On September 27, 2023, Feds invested nearly USD 115 million in new cancer technology research. On August 9, 2023, Astellas invested USD million to support advancements in Poseida cancer cell therapy. On August 7, 2023, Astellas and Poseida Therapeutics announced a strategic investment to support Poseida’s commitment to redefining cancer cell therapy. On August 2, 2023, Steve Job Son started a USD 200 million VC fund to find new cancer treatments. On May 16, 2023, RWJBarnabas Health and Rutgers Cancer Institute formed NVentures to develop therapeutics for cancer.

Some of the Key Players in the Global Cancer Therapy Market Include –

  • Pfizer
  • Merck
  • AbbVie
  • GSK
  • AstraZeneca
  • Novartis
  • BioNTech
  • City of Hope
  • Eisai
  • Immatics

Global Cancer Therapy Market – Growth Drivers

The rising global prevalence of cancer acts as a primary driver, stimulating demand for effective therapies and driving continuous research and development efforts. According to IARC, there were USD 17.0 million new cancer cases and USD 9.5 million cancer deaths worldwide. Progress in genomics research facilitates the identification of specific cancer biomarkers, paving the way for targeted therapies and personalized treatment approaches. Ongoing innovations in immunotherapy, harnessing the immune system to fight cancer, contribute significantly to the growth of the cancer therapy market by providing novel and effective treatment options. Advances in diagnostic technologies, such as next-generation sequencing and liquid biopsy, enable early detection of cancer, enhancing the efficacy of treatment and driving market growth. The aging global population is associated with an increased incidence of cancer, creating a substantial market for cancer therapies as older individuals are more prone to developing malignancies. Significant investments in biopharmaceutical research and development, coupled with collaboration between academia and industry, accelerate the discovery and commercialization of new cancer therapies. Increased healthcare spending globally, particularly in developed region, support the adoption of advanced cancer therapies, contributing to market growth. Supportive government policies incentives, and funding for cancer research and treatment initiative play pivotal roles in driving growth within the cancer therapy market. Growing awareness among patients and healthcare professionals about the importance of early diagnosis and advanced treatment options fosters increased demand for cancer therapies. Collaborative international efforts in conducting clinical trials facilitate the efficient evaluation and approval of new cancer therapies, accelerating their entry into the market.

Global Cancer Therapy Market – Restraints

The substantial cost associated with research, development, and clinical trials of cancer therapies poses a significant restraint, potentially limiting the accessibility of innovative treatments. According to IIASA, the estimated cost of cancers from 2020-2050 to fall around USD 25.2 trillion. Stringent regulatory processes and approval timelines can impede the timely introduction of new cancer therapies, delaying their availability to patients in need. Disparities in healthcare infrastructure and economic challenges in certain regions restrict patient access to advanced cancer therapies, exacerbating global health inequalities. Some cancer therapies may be associated with severe side effects, impacting patient tolerability and adherence to treatment regimens, thereby limiting their widespread adoption. The emergence of resistance mechanisms in cancer cells can compromise the effectiveness of certain therapies over time, necessitating the development of alternative treatment strategies. Issues related to intellectual property, including patent expirations and legal disputes, can hinder market competition and delay the entry of generic or biosimilar cancer therapies. Ethical considerations surrounding experimental cancer therapies, especially in areas like gene editing and stem cell therapy, may slow down research and development processes.  Insufficient awareness among patients and healthcare providers about the availability and benefits of certain cancer therapies may lead to delayed diagnoses and suboptimal treatment outcomes. Complex logistics associated with the distribution and storage of certain advanced therapies such as gene therapies, may pose challenges in ensuring widespread availability and administration.

Global Cancer Therapy Market – Opportunities

The rise in precision medicine allows for tailored cancer therapies, presenting opportunities for targeted treatments based on individual patient characteristics. Integration of technologies like artificial intelligence and big data analytics enhances cancer diagnostics and treatment planning, facilitating more accurate and efficient therapies. Shifting towards patient-centric care models emphasizes improved quality of life during cancer treatment, opening opportunities for therapies with reduced side effects and enhanced patient experience. Exploring alternative therapies, such as gene therapies and oncolytic viruses, provides new avenues for cancer treatment with potentially transformative outcomes.

Global Cancer Therapy Market – Geographical Insight

the market for cancer treatment is segmented into regions such as North America, Latin America, Europe, Asia-Pacific, the Middle East & Africa. North America is the largest market for cancer therapy due to advanced healthcare infrastructure and substantial investment in research and development. Europe follows closely, with a focus on personalized medicine and innovative therapies. The Asia-Pacific region is witnessing rapid growth, attributed to increasing cancer incidence, improving healthcare facilities, and raising awareness. Emerging economies in this region are adopting novel therapies contributing to market expansion.

Global Cancer Therapy Market – Key Development

  • On December 14, 2023, St. Joseph’s Health launched a Cancer care service line in partnership with Rosewell Park
  • On December 5, 2023, Max Healthcare Launched CAR-T cell therapy in collaboration with ImmunoACT.
  • On August 31, 2023, the UK launched the world’s first 7-minute Cancer Treatment Jab.
  • On July 7, 2023, BDR Pharma’s launch of Nilotinib set a new standard in childhood cancer treatment.
Complete the form below and we'll get back to you shortly
Table of Content
Complete the form below and we'll get back to you shortly

Research Methodology: Aspects

Market research is a crucial tool for organizations aiming to navigate the dynamic landscape of customer preferences, business trends, and competitive landscapes. At Cognizance Market Research, acknowledging the importance of robust research methodologies is vital to delivering actionable insights to our clientele. The significance of such methodologies lies in their capability to offer clarity in complexity, guiding strategic management with realistic evidence rather than speculation. Our clientele seek insights that excel superficial observations, reaching deep into the details of consumer behaviours, market dynamics, and evolving opportunities. These insights serve as the basis upon which businesses craft tailored approaches, optimize product offerings, and gain a competitive edge in an ever-growing marketplace.

The frequency of information updates is a cornerstone of our commitment to providing timely, relevant, and accurate insights. Cognizance Market Research adheres to a rigorous schedule of data collection, analysis, and distribution to ensure that our reports reflect the most current market realities. This proactive approach enables our clients to stay ahead of the curve, capitalize on emerging trends, and mitigate risks associated with outdated information.

Our research process is characterized by meticulous attention to detail and methodological rigor. It begins with a comprehensive understanding of client objectives, industry dynamics, and research scope. Leveraging a combination of primary and secondary research methodologies, we gather data from diverse sources including surveys, interviews, industry reports, and proprietary databases. Rigorous data analysis techniques are then employed to derive meaningful insights, identify patterns, and uncover actionable recommendations. Throughout the process, we remain vigilant in upholding the highest standards of data integrity, ensuring that our findings are robust, reliable, and actionable.

Key phases involved in in our research process are mentioned below:


Understanding Clients’ Objectives:

Extensive Discussions and Consultations:

  • We initiate in-depth discussions and consultations with our clients to gain a comprehensive understanding of their objectives. This involves actively listening to their needs, concerns, and aspirations regarding the research project.
  • Through these interactions, we aim to uncover the underlying motivations driving their research requirements and the specific outcomes they hope to achieve.

Industry and Market Segment Analysis:

  • We invest time and effort in comprehensively understanding our clients’ industry and market segment. This involves conducting thorough research into market trends, competitive dynamics, regulatory frameworks, and emerging opportunities or threats.
  • By acquiring a deep understanding of the broader industry landscape, we can provide context-rich insights that resonate with our clients’ strategic objectives.

Target Audience Understanding:

  • We analyze our clients’ target audience demographics, behaviors, preferences, and needs to align our research efforts with their consumer-centric objectives. This entails segmenting the audience based on various criteria such as age, gender, income level, geographic location, and psychographic factors.
  • By understanding the nuances of the target audience, we can tailor our research methodologies to gather relevant data that illuminates consumer perceptions, attitudes, and purchase intent.


Identifying Challenges and Opportunities:

  • We proactively identify the challenges and opportunities facing our clients within their respective industries. This involves conducting SWOT (Strengths, Weaknesses, Opportunities, Threats) analyses and competitive benchmarking exercises.
  • By identifying potential obstacles and growth drivers, we can provide strategic recommendations that help our clients navigate complexities and capitalize on emerging opportunities effectively.

Grasping Specific Goals:

  • We delve into the intricacies of our clients’ objectives to gain clarity on the specific goals they aim to accomplish through the research. This entails understanding their desired outcomes, such as market expansion, product development, or competitive analysis.
  • By gaining a nuanced understanding of our clients’ goals, we can tailor our research approach to address their unique challenges and opportunities effectively.

Data Collection:


Primary Research Process:

  • Surveys: We design and administer surveys tailored to capture specific information relevant to our clients’ objectives. This may involve employing various survey methodologies, such as online, telephone, or face-to-face interviews, to reach target audiences effectively.
  • Interviews: We conduct structured or semi-structured interviews with key stakeholders, industry experts, or target consumers to gather in-depth insights and perspectives on relevant topics. These interviews allow us to probe deeper into specific issues and uncover valuable qualitative data.
  • Focus Groups: We organize focus group discussions with carefully selected participants to facilitate interactive discussions and gather collective opinions, attitudes, and preferences. This qualitative research method provides rich contextual insights into consumer behaviors and perceptions.
  • Observations: We conduct observational research by directly observing consumer behaviors, interactions, and experiences in real-world settings. This method enables us to gather objective data on consumer actions and reactions without relying on self-reported information.

Secondary Research Process:

  • Literature Review: We conduct comprehensive literature reviews to identify existing studies, academic articles, and industry reports relevant to the research topic. This helps us gain insights into previous research findings, theoretical frameworks, and best practices.
  • Industry Reports: We analyze industry reports published by reputable trade associations (whitepapers, research studies, etc.), and government agencies (U.S. Census Bureau, Bureau of Labor Statistics, and Securities and Exchange Commission etc.) to obtain macro-level insights into market trends, competitive landscapes, and industry dynamics.
  • Government Publications: We review government publications, such as economic reports, regulatory documents, and statistical databases, to gather relevant data on demographics, market size, consumer spending patterns, and regulatory frameworks.
  • Online Databases: We leverage online databases, such as industry portals, and academic repositories (PubMed Central (PMC), ScienceDirect, SSRN (Social Science Research Network), Directory of Open Access Journals (DOAJ), NCBI, etc.), to access a wide range of secondary data sources, including market statistics, financial data, and industry analyses.



Data Analysis:

The data analysis phase serves as a critical juncture where raw data is transformed into actionable insights that inform strategic decision-making. Through the utilization of analytical methods such as statistical analysis and qualitative techniques like thematic coding, we uncover patterns, correlations, and trends within the data. By ensuring the integrity and validity of our findings, we strive to provide clients with accurate and reliable insights that accurately reflect the realities of the market landscape.


Transformation of Raw Data:

  • Upon collecting the necessary data, we transition into the data analysis phase, where raw data is processed and transformed into actionable insights. This involves organizing, cleaning, and structuring the data to prepare it for analysis.

Utilization of Analytical Methods:

  • Depending on the research objectives, we employ a diverse range of analytical methods to extract meaningful insights from the data. These methods include statistical analysis, trend analysis, regression analysis, and qualitative coding.

Statistical Analysis:

  • Statistical tools are instrumental in uncovering patterns, correlations, and trends within the data. By applying statistical techniques such as descriptive statistics, hypothesis testing, and multivariate analysis, we can discern relationships and derive valuable insights.

Qualitative Analysis Techniques:

  • In addition to quantitative analysis, we leverage qualitative analysis techniques to gain deeper insights from qualitative data sources such as interviews or open-ended survey responses. One such technique is thematic coding, which involves systematically categorizing and interpreting themes or patterns within qualitative data.

Integrity and Validity Maintenance:

  • Throughout the analysis process, we maintain a steadfast commitment to upholding the integrity and validity of our findings. This entails rigorous adherence to established methodologies, transparency in data handling, and thorough validation of analytical outcomes.

Data Validation:

The final phase of our research methodology is data validation, which is essential for ensuring the reliability and credibility of our findings. Validation involves scrutinizing the collected data to identify any inconsistencies, errors, or biases that may have crept in during the research process. We employ various validation techniques, including cross-referencing data from multiple sources, conducting validity checks on survey instruments, and seeking feedback from independent experts or peer reviewers. Additionally, we leverage internal quality assurance protocols to verify the accuracy and integrity of our analysis. By subjecting our findings to rigorous validation procedures, we instill confidence in our clients that the insights they receive are robust, reliable, and trustworthy.


Importance of Data Validation:

  • Data validation is the final phase of the research methodology, crucial for ensuring the reliability and credibility of the findings. It involves a systematic process of reviewing and verifying the collected data to detect any inconsistencies, errors, or biases.

Scrutiny of Collected Data:

  • The validation process begins with a thorough scrutiny of the collected data to identify any discrepancies or anomalies. This entails comparing data points, checking for outliers, and verifying the accuracy of data entries against the original sources.

Validation Techniques:

  • Various validation techniques are employed to ensure the accuracy and integrity of the data. These include cross-referencing data from multiple sources to corroborate findings, conducting validity checks on survey instruments to assess the reliability of responses, and seeking feedback from independent experts or peer reviewers to validate the interpretation of results.

Internal Quality Assurance Protocols:

  • In addition to external validation measures, internal quality assurance protocols are implemented to further validate the accuracy of the analysis. This may involve conducting internal audits, peer reviews, or data validation checks to ensure that the research process adheres to established standards and guidelines.
- Get Started -

Get insights that lead to new growth opportunities

Need a Custom Report?

We can customize every report – free of charge – including purchasing stand-alone sections or country-level reports

Want to Buy a Report but have a Limited Budget?

We help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail

Business Development

small c popup.png
Buy Now
small c popup.png
Complete the form below and we'll get back to you shortly
small c popup.png
Complete the form below and we'll get back to you shortly
small c popup.png
Complete the form below and we'll get back to you shortly
Ask an Expert