With every passing day, more people are being diagnosed with cancer. Now, it has become a challenging job for the manufactures to develop some effective and quality antitumor antibiotic drugs to at least reduce the rate of prevalence. Since more people are coming under the radar of cancer, it is adversely affecting the physical, financial, and emotional ground of individuals and families worldwide. This problem requires specific diagnostic and therapeutic strategies, and a qualified workforce to implement them. Additionally, treatment access is varied, and half of the countries do not have adequate guidelines for cancer treatment. Policymakers need to address these issues, and programs must be tailored as per the region to handle the situation.
The global antitumor antibiotic market is segmented by drug type and distribution channel.
By drug type, the market is segmented into anthracyclines, chromomycin, and miscellaneous. Anthracyclines are the leading segment in the forecast period. They are widely used as antineoplastic drugs in the treatment of different kind of tumours. These are being used in the treatment of breast canacer for the long period of time due to their high survival rate. Its application as adjuvant has been effective in reducing toxicity during breast cancer treatment.
Based on the distribution channel, the antitumor antibiotic market is segmented into hospitals, retail pharmacies, and online. Retail pharmacies are showing significant growth in the assessment period.
Geographically, the global antitumor antibiotic market is segmented into four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA).
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The Americas is leading the market, while Europe has captured the second leading position in the market. Cancer is a major challenge for healthcare system in Europe. The cancer burden is increasing, and the death toll is around 1.94 million annually. Management of cancer is depenedent on availibitliy of affordable drugs. To improve the long term survival rate government has improved the cost structure of drugs. European region represents heterogenous economy and healthcare services vary across the region. Western Europe is hailed as high encome countries, whereas eastern European region fall under upper middle income. The cost of cancer treatment has been highly influenced by economic level of the region. Cancer costs 124 billion euros evry year to the European Union, the ESMO organization. Moreover, innovative wave of therapeutic drugs has the potential in transforming oncology treatments and benefit the large population in the region. For instance, Novartis is increasing its manufacturing ability for new cancer treatments in Europe and is expected to invest around USD 91 million in building manufacturing facility.
Some of the key players in the global antitumor antibiotic market are Astellas Pharma Inc. (Japan), Johnson & Johnson Services, Inc. (U.S.), Bristol-Myers Squibb Company (U.S.), Novartis AG (Switzerland), Pfizer Inc. (U.S.), Merck & Co., Inc. (U.S.), AG Scientific (U.S.), and Amgen Inc. (U.S.)
Antitumor Antibiotic Market Segmentation
By Drug Type
By Distribution Channel
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