2 Feb
2016
The combination of therapeutic modalities, such as surgery, radiation therapy, chemotherapy, hormonal therapy, and immunotherapy would increase efficacy.
Oncology or anti-cancer drugs are used in treatment of various cancer types to improving health conditions and prolonging survival time of patients. Growing incidence of various cancer diseases, increasing significance of biological and targeted drug therapies, and growing government funds for research activities are creating opportunities for growth in the market. In addition, commercialization of advanced therapeutics and technological advancements would present new avenues in the oncology drugs market. The treatment of cancer includes therapeutic modalities, such as surgery, radiation therapy, chemotherapy, hormonal therapy, and immunotherapy.
Surgery:
The size,location, and type of primary tumor determines the operative conditions in surgery. It is used alone or a combination of other modalities for improving efficacy of therapy. The preoperative assessment need to be done to determine best outcomes of surgery. improve a patient’s comfort or quality of life after tumor resection.
Radiation Therapy:
Many types of cancers can be cured using radiation therapy, particularly those which are localized or within the radiation field. For brain tumors, it cures prevents neurologic complications and prolongs patient functioning. Radiation therapy can relieve symptoms of excruciating bone lesions. Dose fractionation,configuration of radiation beams, treatment timing, and target volume should be considered before radiation therapy.
Chemotherapy:
Very few chemotherapeutic drugs exist that target and destroy cancer cells. Common routes of administration for cytotoxic drugs is in-vitro and for targeted drugs is oral. Single-drug chemotherapy cures particular types of cancers, such as choriocarcinoma. Multidrug regimens that incorporate drugs with different toxicities and different mechanisms of action are used to kill the tumor cell, decrease dose-related toxicity, and reduce the probability of drug resistance.
Hormonal Therapy:
Hormone agonists or antagonists are used in hormonal therapy to influence the course of cancer. It may be in association with other treatment modalities to increaseefficacy of therapy. Particularly, hormonal therapy is useful in prostate cancer, which grows in reaction to androgens.
Sales analysis of manufacturers of oncology drugs:
Roche Holdings AG, aSwitzerland based manufacturer generated highest revenue in sales. It generated $25,151 million in sales in 2014 registering growth of 2 percent. Novartis generated $10,264 million registering growth of 8 percent. Merck & Co. generated $2057 million in sales registering growth of 39 percent, while Pfizer generated $2022 million in 2014 registering growth of 2 percent.
Analysts studying the oncology/anti-cancer drugs industry have presented detailed information about changing market dynamics in research reports. Allied Market Research has published a report titled, “LAMEA Oncology/Anti-cancer drugs Market - Opportunities and Forecasts, 2014 - 2021 ” As per the report, the LAMEA oncology/anti-cancer drugs market is estimated to register a CAGR of 8.6% from 2015 to 2021 and would reach $17,072.2 million by 2020. The report offers a comprehensive analysis of drivers & opportunities, value chain analysis, and competitive scenario. Furthermore, the study highlights SWOT analysis of leading manufacturers, recent developments, and detailed segmentation.
Akhilesh Prabhugaonkar
Author's Bio- Akhilesh Prabhugaonkar holds a bachelors degree in Electronics Engineering from the reputed Vishwakarma Institute of Technology. He has a special interest in the fields of forensics, world history, international relations and foreign policy, sports, agriculture, astronomy, security, and oceanography. An ardent bibliophile and melophile, Akhilesh loves to write on topics of his interest and various other societal issues. This love for writing made him enter the professional world of content writing and pursue his career in this direction.
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