The global cancer chemotherapy market is poised for substantial growth — projected to reach US$ 84,044.04 million by 2031 from US$ 39,509.70 million in 2024, registering an impressive CAGR of 11.5% from 2025 to 2031.
? Executive Summary & Market Dynamics:
Growth is fueled by the rising global incidence of cancer, an aging population, and expanding access to oncology care, particularly in emerging markets. Chemotherapy — encompassing alkylating agents, antimetabolites, anti-tumor antibiotics, topoisomerase inhibitors, and mitotic inhibitors — remains a cornerstone of cancer treatment.
According to NIH estimates, around 650,000 cancer patients in the US receive chemotherapy each year. The therapeutic goal: shrink tumors to facilitate surgical removal and improve patient outcomes.
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? Market Segmentation:
- By Therapy Type: Alkylating agents dominate, driven by their broad applicability and affordability.
- By Indication: Lung cancer led market share in 2024.
- By Distribution Channel: Hospital pharmacies held the largest share.
? Key Growth Driver:
Increased access to oncology care in emerging markets such as Asia-Pacific, Latin America, and parts of Africa is a major driver. Investments in healthcare infrastructure, universal health coverage, and inclusion of chemotherapy drugs in essential medicine lists are improving treatment access significantly.
? Leading Companies:
- Astellas Pharma Inc
- Eli Lilly and Co
- Novartis AG
- Merck KGaA
- Johnson & Johnson
- AstraZeneca
- Pfizer Inc
- Bristol Myers Squibb
- F. Hoffmann-La Roche Ltd
- AbbVie
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