DUBLIN–(BUSINESS WIRE)–The “Oncology Precision Medicine Market: Industry Trends and Global Forecasts to 2035: Distribution by Type of Cancer Targeted, Route of Administration, Type of Molecule, Drug Class, Key Geographical Regions, Leading Drug Developers and Sales Forecasts” report has been added to ResearchAndMarkets.com’s offering.
The global oncology precision medicine market is estimated to grow from USD 147.9 billion in 2025, to USD 364 billion by 2035, at a CAGR of 8.5% during the forecast period to 2035.
Cancer is recognized as one of the deadliest diseases, accounting for an alarming global toll of approximately 20 million new cases and 10 million fatalities. According to the World Health Organization, the cancer burden is anticipated to rise by nearly 60 % by 2040. Currently, several conventional approaches, including surgery, radiation therapy, chemotherapy and nonconventional or complementary therapeutic methods, including hormone therapy, immunotherapy and nanotherapy are available for treating these causative variables. However, these approaches are unable to deal with intrinsic carcinogenic genetic abnormalities, owing to the fact that these irregularities are unique to each individual patient.
In order to address this, precision medicine, often known as personalized medicine, emerged as a possible solution, which uses genomic knowledge to provide gene-targeted diagnostics and therapeutics. The concept of precision medicine takes into account the tumor features, genetic data, lifestyle and environmental effects to provide tailored medicines and holds significant potential in treating oncological disorders by shifting away from a one-size-fits-all approach. Given the ongoing pace of innovation, and increasing preference for personalized healthcare, the oncology precision medicine market is poised to experience a noteworthy growth in the foreseen future.
Oncology Precision Medicine Market: Key Insights
The report delves into the current state of the oncology precision medicine market and identifies potential growth opportunities within the industry.
Some key findings from the report include:
- Presently over 125 drug developers, worldwide, are engaged in developing oncology precision medicines targeting various cancers; around 90% of these developers are headquartered in developed geographies.
- Close to 55% of the oncology precision medicines have been commercialized; of these, close to 28% of the drugs target blood / hematologic type of cancer.
- Around 85% oncology precision medicines in the preclinical and discovery stages of development are small molecules; of these, more than 30% of the drugs target kinase proteins.
- In pursuit of expanding the oncology precision medicines pipeline, the partnership activity in this domain has witnessed substantial growth with an annualized rate of 16% over the last five years.
- Close to one million patients have been recruited / enrolled in clinical trials, registered for the evaluation of oncology precision medicines, across different geographies.
- Majority of the oncology precision medicine assay kits developers are headquartered in North America; further, more than 30% of the market is captured by large players established post-1990.
- Around 80% of oncology precision medicine assay kits are diagnostic tests; over 55% of such kits can diagnose, prognose and predict various cancers and provide results within ten days.
- Owing to the advantages offered by precision medicines in cancer, along with lesser side effects and high response rate, the preference for such drugs will steadily increase in foreseeable future.
- With the rapid increase in the demand for gene-targeted drugs in the treatment of cancer, the opportunity for companies developing oncology precision medicines is poised to grow at a CAGR of close to 10%.
Sample Players in the Oncology Precision Medicine Market, Profiled in the Report Include:
- AbbVie
- Anticancer Bioscience
- Astellas Pharma
- AstraZeneca
- Bayer
- Blueprint Medicines
- Bristol Myers Squibb
- Eli Lilly
- Erasca
- Genentech
- GlaxoSmithKline
- Hutchmed
- IDEAYA Biosciences
- Jiangsu Hengrui Pharmaceuticals
- Johnson & Johnson Innovative Medicine
- Merck
- Novartis
- Pfizer
- Repare Therapeutics
- Roche
- Seagen
- SpringWorks Therapeutics
- Takeda Pharmaceutical
- VERAXA Biotech GmbH
- VRise Therapeutics
Oncology Precision Medicine Market: Research Coverage
- Market Sizing and Opportunity Analysis: The report features an in-depth analysis of the oncology precision medicine market, focusing on key market segments, including type of cancer targeted, route of administration, type of molecule, drug class, key geographical regions and leading drug developers.
- Market Landscape: A comprehensive evaluation of commercialized and clinical stage oncology precision medicines, considering various parameters, such as stage of development, approval body, approval region, drug designation, type of molecule, drug class, route of administration, dosage regimen, patient population and type of cancer targeted. Furthermore, the chapter includes a detailed analysis of the current landscape of discovery and preclinical stage oncology precision medicines, based on several relevant parameters, such as stage of development, type of molecule, drug class and type of cancer targeted. Additionally, the chapter features information on various drug developers, along with analysis based on multiple parameters, such as year of establishment, company size and location of headquarters.
- Company Profiles: In-depth profiles of key industry players engaged in oncology precision medicine market, focusing on company overviews, financial information (if available), oncology precision medicine portfolio, recent developments and an informed future outlook.
- Partnerships and Collaborations: An analysis of partnerships established in this sector, since 2018, covering clinical trial agreements, commercialization agreements, drug development agreements, drug development and commercialization agreements, drug distribution agreements, drug licensing agreements, manufacturing agreements, mergers / acquisitions, process development and manufacturing agreements, research agreements, research and development agreements, service agreements, technology utilization agreements and others.
- Clinical Trial Analysis: Examination of completed, ongoing, and planned clinical studies related to oncology precision medicine based on several parameters, such as trial registration year, number of patients enrolled, trial phase, trial status, target patient population, patient gender, type of cancer targeted, type of sponsor / collaborator, study design, most active sponsor / collaborator (leading industry and non-industry players based on the number of clinical trials sponsored), emerging focus areas and geography.
- Case Study: A general discussion on the precision oncology assay kit developers, providing detailed analysis on various parameters such as stage of development, regulatory certification / compliance, regional availability, type of test, type of sample, principle of biomarker detection, turnaround time, type of cancer targeted and end-user. Further, the chapter features information on various assay kit developers, along with analysis based on multiple parameters, such as year of establishment, company size and location of headquarters.
- Market Impact Analysis: The report analyzes various factors such as drivers, restraints, opportunities, and challenges affecting the market growth.
Key Questions Answered in this Report
- How many companies are currently engaged in this market?
- Which are the leading companies in this market?
- What kind of partnership models are commonly adopted by industry stakeholders?
- What are the factors that are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
Reasons to Buy this Report
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
Additional Benefits
- Complimentary PPT Insights Packs
- Complimentary Excel Data Packs for all Analytical Modules in the Report
- 10% Free Content Customization
- Detailed Report Walkthrough Session with Research Team
For more information about this report visit https://www.researchandmarkets.com/r/nfhin5
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