Global “Pancreatic Cancer Therapeutics & Diagnostics Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Pancreatic Cancer Therapeutics & Diagnostics in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Pancreatic Cancer Therapeutics & Diagnostics Market report categorizes the market based on manufacturers, regions, type, and application. Pancreatic Cancer Therapeutics & Diagnostics Market reports offer a detailed assessment of the Pancreatic Cancer Therapeutics & Diagnostics including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Pancreatic Cancer Therapeutics & Diagnostics market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
Pancreatic cancer occurs when there is an uncontrollable growth of cells in the pancreas. Pancreatic cancer is categorized as exocrine and endocrine, based on the cells affected by cancer. Exocrine cells in pancreas create pancreatic enzymes. When cancer manifests in these cells, it is referred to as exocrine pancreatic cancer. Endocrine cells are a small cluster of cells and also called islets of Langerhans. These cells create hormones, such as insulin and glucagon, releasing them into the blood flow. Cancer in these cells is called endocrine pancreatic cancer. The global pancreatic cancer therapeutics & diagnostics market is expected to witness a CAGR 5.6% during the forecast period, 2018-2023.
Increasing Incidence and Prevalence of Pancreatic Cancer
Pancreatic cancer is the 12th-most common cancer in the world. The estimated five-year prevalence of people living with pancreatic cancer is 4.1 per 100,000, globally. This cancer is almost always fatal, and is the seventh most common cause of death from cancer. Pancreatic cancer is closely related to body fat and high BMI, thereby being more prevalent in developed countries. A report by the Centers for Disease Control and Prevention (CDC) estimated that pancreatic cancer resulted in the death of about 330,000 people in 2012 in the United States, which was around 4% of all deaths in the country. Estimates of the American Cancer Society suggested that in the United States alone, nearly 53,070 new cases of pancreatic cancer were recorded in 2016 and 41,780 deaths in the country were attributed to the same. In Europe, nearly 104,000 new cases of pancreatic cancer were estimated to be diagnosed in 2012. The extensive threat of pancreatic cancer is a major opportunity for companies to capitalize on the market through the expansion of product portfolios and market penetration. The high patient pool and increasing trends of the same are expected to propel the growth of the market.
Chronic nature of diseases leads to consistent demand for drugs, advancements in molecular biology, development of drugs and diagnostic technology, and emphasis on early diagnosis, which are driving the market growth.
Drug Toxicity or Drug Side Effects
Several drugs prescribed for the treatment of pancreatic cancer are associated with adverse effects, ranging from mild to severe. There are many lists of drugs, like Tarceva, a drug which is used to treat pancreatic cancer, can lead to pregnancy-related problems, harm the fetus, and can also cause complete failure of liver and kidney functioning. People who have used Afinitor as a treatment regimen for pancreatic cancer have reported loss of appetite, multiple infections, hypercholesterolemia, headache, pneumonitis, stomatitis, diarrhoea, asthenia, weight loss, etc. The possibility of multiple side effects, with a few that can even cause death, results in the reluctance in prescribing drugs to patients. The usage of drugs that cause side effects acts as a major restraint to the global pancreatic cancer drugs market.
Other factors restraining the market are drugs losing patent exclusivity, high costs associated with diagnosis and treatments, and stringent regulatory guidelines.
United States to have the Highest Market Share
In the United States, the average lifetime risk of pancreatic cancer for both men and women is about 1 in 65 (1.5%). Pancreatic cancer accounts for about 3% of all cancers in the United States and about 7% of cancer deaths. The Pancreatic Cancer Action Network predicts pancreatic cancer to become the second leading cause of cancer-related deaths in the United States, by 2021. With promising drugs in the pipeline, the US pancreatic cancer therapeutics & diagnostics market is expected to witness lucrative growth during the forecast period. The high healthcare spending and state-of-the-art healthcare facilities in the United States are expected to promote the growth of the market, indirectly. The country is also a hub for high-end R&D activities, which are anticipated to have a positive impact on novel product developments and clinical trials.
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The global Pancreatic Cancer Therapeutics & Diagnostics market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Pancreatic Cancer Therapeutics & Diagnostics Market Report covers the Top Key-players in 2021:-
- Amgen Inc.
- Beckman Coulter
- Biorad Laboratories Inc.
- Celgene Corporation
- Clovis Oncology Inc.
- Eli Lilly
- F. Hoffmann-La Roche
- Genentech Inc.
- Ipsen Pharmaceuticals
- Novartis International Ag
Highlighted points of Pancreatic Cancer Therapeutics & Diagnostics Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Pancreatic Cancer Therapeutics & Diagnostics Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Pancreatic Cancer Therapeutics & Diagnostics? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Pancreatic Cancer Therapeutics & Diagnostics Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Pancreatic Cancer Therapeutics & Diagnostics Market? What Was Capacity, Production Value, Cost and PROFIT of Pancreatic Cancer Therapeutics & Diagnostics Market?
- What Is Current Market Status of Pancreatic Cancer Therapeutics & Diagnostics Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Pancreatic Cancer Therapeutics & Diagnostics Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Pancreatic Cancer Therapeutics & Diagnostics Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Pancreatic Cancer Therapeutics & Diagnostics Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Pancreatic Cancer Therapeutics & Diagnostics Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Pancreatic Cancer Therapeutics & Diagnostics Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Pancreatic Cancer Therapeutics & Diagnostics Industry?
Key Developments in the Pancreatic Cancer Therapeutics & Diagnostics Market:
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Finally, the report Global Pancreatic Cancer Therapeutics & Diagnostics Market 2021 describes the Pancreatic Cancer Therapeutics & Diagnostics industry expansion game plan, the Pancreatic Cancer Therapeutics & Diagnostics industry knowledge supply, appendix, analysis findings, and the conclusion.
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