Upcoming requests and 2025 growth analysis – Le Courrier

A recent report published by Fact.MR points to an imbalance in the distribution of cancer immunotherapy in developing and developed regions. In the United States, the high frequency of knowledge-based awareness campaigns encourages individuals to be diagnosed with cancer, and government insurance plans cover high treatment expenses.

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In contrast, developing countries like Brazil and Argentina lack primary cancer treatment tools. A similar scenario is observed in South Africa, where the death rate is high, due to late diagnosis of cancer. The Asia-Pacific developing countries with high population density and medium penetration of quality treatments represent high potential markets for cancer immunotherapy.

Analyzing a number of dynamics, the Fact.MR study predicts strong opportunities in developing regions such as Latin America, the Middle East and Africa and Asia-Pacific, and predicts growth closely. 1.7 times the cancer immunotherapy market during the forecast period (2020-2025).

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Highlights From Cancer Immunotherapy Market Research

  • The qualitative approach to therapeutic development is becoming very costly for players in the cancer immunotherapy market. In addition, a high rejection of products in the trial phases leads to huge losses, which discourages manufacturers from developing new therapies.
  • The gradual increase in popularity of generic drugs, due to the affordability factor, is diverting the patient base from spending on brand-name drugs, thus weakening the sales prospects of manufacturers.
  • Incentives offered by central health authorities on the development of “orphan drugs” encourage established manufacturers to venture into this space.
  • Although hospitals occupy a dominant position as end-users in the cancer immunotherapy market, a shift of patients to clinics will remain notable for market players, due to shorter wait times and increased wait times. improvement of the health services offered by these establishments.

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A health industry expert at Fact.MR deduces, “Manufacturers can focus more on the development of anti-cancer drugs, especially for lung cancer, given the influence of the multitude of factors that negatively impact lung health. By 2025, the adoption of immunotherapies to treat lung cancer is estimated at $ 38 billion.

Threat of conventional therapies to remain a growth barrier for manufacturers

The lack of proper awareness regarding advanced cancer treatment means that conventional therapies such as x-rays and chemotherapy will not become obsolete, at least in the near future. Manufacturers are stepping up efforts to innovate in their products to achieve orphan drug status and ensure high market value.

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Pfizer, Inc. best illustrates this strategy. The company has taken multiple initiatives such as collaborations, alliances, mergers and licensing agreements to launch organic products and achieve orphan status for its products. Government financial support to manufacturers, with the goal of developing a promising pipeline of cancer therapies, is attracting a large number of new entrants, particularly in North America. However, the major players would face a low threat from new entrants, due to their high developing know-how and strong distribution networks.

Read more trend reports and the like from Fact.MR – https://www.prnewswire.com/news-releases/ear-nose-throat-ent-medical-devices-manufacturers-target-applications-in-cataract–glaucoma-treatment-factmr-301262063.html

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