Solid Tumor Market was worth USD xx billion in 2016 and estimated to be growing at a CAGR of xx%, to reach USD xx billion by 2021. Solid tumors are formed due to the aggregation of abnormal tissues that do not comprise of any cyst or liquid areas within. They are mainly of two types- malignant and benign. Most of the solid tumors are treated via radiotherapy, chemotherapy or surgery. Various chemotherapeutic drugs are available in the market along with a ripe pipeline of drugs that will soon be commercialized.
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Some of the major driving factors for the growth of this market include rise in the number of cancer cases, increasing incidences of several cases of solid tumors. Due to rise in the number of cases, there has been an increasing demand for highly effective chemotherapeutic agents which in turn drives the market. Many companies are investing in various R&D projects related to therapeutics which fuels the market growth. However, increasing generic products, high cost of therapy , increasing cost of R&D and various drugs going off patent, are turning out to be restraints for the market.
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The market for Solid Tumor is broadly categorized into disease and drugs. By disease the market is classified into breast cancer, lung cancer, colorectal cancer, prostate cancer, cervical cancer and others. Lung, colorectal, breast and liver cancer are the major causes of death among people. By drugs the market is segmented into carboplatin, cisplatin, gemcitabine, palcitaxel, doxorubicin, bevacizumab, erlotinib, sunitinib, everolimus, docetaxel, abiraterone, cabazitaxel and others) . On the basis of geography, the market is analysed under various regions namely North America, Europe, Asia-Pacific and Rest of the World. The Solid Tumor market was dominated by North America followed by Europe. Asia Pacific is a lucrative market and is expected to grow at a high CAGR.
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Some of the major players operating in this market are Baxter International, Inc., Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., Eli Lilly and Company, AstraZeneca plc, Abbott Laboratories, Inc., Amgen, Inc., Biogen Idec, Inc., Boehringer Ingelheim GmbH, Johnson & Johnson, GlaxoSmithKline plc, Kyowa Hakko Kirin Co., Ltd., and Sanofi among others.
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