Lung Cancer Market is estimated to be US$ 26.5 billion by 2022 with a CAGR of 18.5% over the forecast period (2022-2032)

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Published Date: May 2023

Lung Cancer has become most common cancer disease in U.S. Lung cancer is treated by chemotherapy, radiation therapy, immunotherapy. Lung Cancer will be cured if treated earlier. Inoperable lung cancer is not curable as tumor can’t treated with surgery as cancer is spread outside of lungs. This cancer is also called as unresectable lung cancer. Stage I is early stage of lung cancer and can be curable. Neoadjuvant chemotherapy can cure lung cancer with stage 3 non-small cell lung cancer. It has also cured people with lung cancer who has not been cured by surgery alone. Immunotherapy is the newest treatment for lung cancer. It works with body’s immune system to fight against cancer. Lung cancer normally spreads in nearby lymph nodes, bones and brain. Large cell carcinoma, squamous cell carcinoma and adenocarcinoma are three types of lung cancer. These three types of lung cancer are grouped together as they behave and respond to treatment in a similar way. Small cell lung cancer (SCLC), is the deadliest form of lung cancer. Small cell lung cancer starts in bronchi which are breathing tubes at center of chest. Cancer cells are small but as they grow quickly they create large tumors. Worsening cough, wheezing, shortness of breath, chest pain, coughing up with blood, weight loss, feeling tired all the time are the warning signs of lung cancer. Cigarette smoking has become the major factor in rise of lung cancer. Laser therapy uses focused beam of light for destroying cancer cells. Tumor cells are targeted by selecting appropriate wavelength of laser. Rise in lung cancer has given rise in innovations of new drug and advanced therapies. Rise in prevalence of lung cancer has given positive impact on target market growth.

The report “Lung Cancer Market, By Type (Small cell lung cancer (SCLC), Non-small cell lung cancer (NSCLC)), By Treatment (Chemotherapy, Laser Therapy, Radiotherapy, Immunotherapy, Surgery, and Others), By End-Users (Hospitals, Clinics, Cancer Research Centers, Laboratories, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”

Key Highlights:

In August 2022, AstraZeneca and Daiichi Sankyo’s Enhertu has approved in U.S. for treating adult patients with metastatic NSCLC (non-small cell lung cancer) whose tumors are activated with HER (ERBB2) mutation as detected by FDA approved test.
In March 2022, FDA (Food & Drug Administration), has approved expanded use of Bristol Myers cancer drug ‘Opdivo’ along with treatment of chemotherapy before surgery in patients with aggressive form of lung cancer.

Analyst View:

Cigarette smoking, tobacco chewing has become the major factor in lung cancer growth. Rapid urbanization has given rise in cigarette smoking, alcohol intake, unhealthy food, lack of exercise, rapid industrialization, air pollution which has given rise in lung cancer. Lung cancer is treated with radiation therapy, chemotherapy, immunotherapy, surgery and other. Innovation of new drugs, new therapies are expected to increase rapidly as incidence of lung cancer grows. Urbanization has given rise in industrialization, use of vehicles, which has caused air pollution due to contaminated air from power plants, diesel truck exhaust, wooden smoke which has given rise in risk of lung cancer. Rise in cigarette smoking in developing countries has become the risk factor for development of lung cancer. However, rise in use of cigarette smoking, cancer diseases and rapid growth in urbanization has given rise in target market growth. As a result, new development of drugs and newly advanced therapies is expected to rise with growth of lung cancer. As a result, market competition is intensifying, and both big international corporations and start-ups are vying to establish position in the market.

Browse 60 market data tables and 35 figures* through 140 slides and in-depth TOC on“Lung Cancer Market, By Type (Small cell lung cancer (SCLC), Non-small cell lung cancer (NSCLC)), By Treatment (Chemotherapy, Laser Therapy, Radiotherapy, Immunotherapy, Surgery, and Others), By End-Users (Hospitals, Clinics, Cancer Research Centers, Laboratories, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2032”*

Key Market Insights from the report:

Lung Cancer Market accounted for US$ 26.5 billion in 2022 and is estimated to be US$ 175.9 billion by 2032 and is anticipated to register a CAGR of 18.5%. The Lung Cancer Market is segmented based on Type, Treatment, End-Users and Region.

Based on Type, Lung Cancer Market is segmented into Small cell lung cancer (SCLC), Non-small cell lung cancer (NSCLC).
Based on Treatment, Lung Cancer Market is segmented into Chemotherapy, Laser Therapy, Radiotherapy, Immunotherapy, Surgery, and Others.
Based on End-Users, Lung Cancer Market is segmented into Hospitals, Clinics, Cancer Research Centers, Laboratories, and Others.
By Region, the Lung Cancer Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Competitive Landscape & their strategies of Lung Cancer Market:

The prominent players operating in the Lung Cancer Market includes, AstraZeneca, Hoffman La Roche, Eli Lilly and Company, Pfizer Inc., Merck & Co., Amgen Inc., Novartis AG, Johnson & Johnson, Teva Pharmaceuticals Industries Ltd., Bristol-Myers Squibb Company.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period