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(Medical-NewsWire.com, March 26, 2018 ) Global Lung Cancer Therapeutics Market was worth $5.65 billion in 2016 and estimated to be growing at a CAGR of 6.7%, to reach $7.81 billion by 2021. Lung cancer is the second most commonly detected and has the highest death rate of all cancers in both men and women. Cigarette smoking is the projecting cause of lung cancer.
Lung cancer is a malignant tumour regarded as uninhibited growth of cell tissues in the lung. Lung cancer declines the lung capability to deliver oxygen to bloodstream. Some of the key indications of lung cancer comprise of appetite loss, wheezing, weight loss, coughing, mucus, shortness of breath, and chest pain.
Increasing occurrences of lung cancer because of mounting smoking population is one of the major factors driving the growth of lung cancer therapeutics market. Additionally, introduction of superior priced drugs and new advanced radiation therapies are the major drivers fuelling the market growth. Novel and safer therapies could improve opportunities for growth of the global lung cancer therapeutics market. Though, generalization of the key drugs might hamper the growth of this market.
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The Global Lung Cancer Therapeutics Market is segmented on the basis of treatment type nto Chemotherapy, Radiotherapy and Other Drugs. Based on drug type, Lung Cancer Chemotherapy market is segmented into cisplatin, taxol, navelbine, camptosar and Alimta. Based on type, Lung Cancer Radiotherapy market is segregated into external beam, internal beam and systemic. On the basis of drug type, Other Lung Cancer Therapeutic Drugs market is segmented into abraxane, avastin, crizotinib, docetaxel and Gefitinib. The top global brands that are commercially accessible in the market are Avastin, Alimta and taxol. Radiotherapy accounts for the largest segment in the lung cancer therapeutics market.
Based on geography the market is analysed under various regions namely, North America, Latin America, Europe, Asia-Pacific and Middle-East & Africa. North America and Europe leads the global lung cancer therapeutics market. Lung cancer is the most common type of cancer in U.S and majority of population die of lung cancer every year. Asia-Pacific countries such as India and China are the developing regions for the global lung cancer therapeutics market owing to high occurrence of this disease along with growing healthcare alertness.
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Companies are implementing various strategies to increase their product portfolio and rise its geographical presence. New product expansion, contracts and associations and procurements are some of the significant approaches adopted by the manufacturers in the lung cancer therapeutics market. The prominent players of this market include BoehringerIngelheim GmbH, Hoffman-La Roche, Pfizer Inc., GlaxoSmitKline, Eli Lilly and Company, Agennix AG, AstrazenecaPlc, and Sanofi-Aventis.
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Source: EmailWire.Com 
Source: EmailWire.com
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