United Kingdom Lung Cancer Therapeutics Market to be Dominated by Targeted Therapy through 2028
The
increasing prevalence of lung cancer and the growth of research and innovation
are expected to drive the United Kingdom Lung Cancer Therapeutics Market in the
forecast period 2024-2028.
According to TechSci Research
report, “United
Kingdom Lung Cancer Therapeutics Market – By Region, Competition Forecast and Opportunities,
2018-2028,” the United Kingdom Lung Cancer Therapeutics
Market is anticipated to grow at a significant rate in the forecast period,
2024-2028. The Lung Cancer Therapeutics Market in the United Kingdom is
witnessing significant growth, driven by increasing investment in healthcare
research and innovation. These investments enable the development of novel
therapies, diagnostic tools, and treatment strategies, ultimately leading to
better patient outcomes.
In
the context of the United Kingdom lung cancer therapeutics market, increased
investment in research and innovation can bring forth numerous benefits. Robust
research efforts can lead to the discovery of new therapeutic targets, the
development of innovative drugs, and the refinement of existing treatment
modalities. This can result in more personalized and effective therapies for
lung cancer patients, improving their chances of survival and overall quality
of life, thus augmenting the growth of the United Kingdom Lung Cancer
Therapeutics Market. Investment
in research can facilitate the development of advanced diagnostic tools and
techniques that enable early detection of lung cancer. Early diagnosis is
crucial for successful treatment and improved patient prognosis.
Through
targeted research and innovation, it becomes possible to identify specific genetic
and molecular characteristics of lung cancer subtypes. This knowledge can pave
the way for personalized treatment approaches, optimizing therapeutic outcomes
for individual patients. Increased funding in research and innovation fosters
collaborations between academic institutions, healthcare providers,
pharmaceutical companies, and other stakeholders. Such collaborations
facilitate knowledge sharing, exchange of expertise, and the acceleration of
breakthrough discoveries in lung cancer therapeutics, which is expected to
propel the growth of the United Kingdom Lung Cancer Therapeutics Market in the
forecast period. Additionally, the prevalence of unhealthy lifestyle like high
incidence of smoking, poor diet, physical inactivity, and environmental factors
contribute to the burden of lung cancer in the country.
Despite
the progress made in lung cancer therapeutics, several challenges persist.
Limited access to novel therapies, high treatment costs, and disparities in
healthcare provision are some of the hurdles that need to be addressed to
ensure equitable access to effective treatments for all patients which may hamper
the growth of the market in the forecast period.
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The United Kingdom Lung
Cancer Therapeutics Market is segmented into cancer cell type, treatment, region and competitive landscape.
Based on Cancer Cell Type, the market is divided
into Non-small Cell Lung Cancer (NSCLC) and Small
Cell Lung Cancer (SCLC). Non-small Cell Lung Cancer (NSCLC) therapeutics are
expected to witness a rise over the forecast period. This is attributed to the rising
prevalence of Non-small Cell Lung Cancer (NSCLC) and increasing advancement in
diagnostics which is anticipated to support market growth in the future.
Based on treatment, the
market is divided into chemotherapy, radiation therapy, immunotherapy, targeted
therapy, and other treatments. Targeted therapy is expected to witness a rise
over the forecast period. This is attributed to the fact that it targets specific
flaws in cancer cells rather than also killing healthy, normal cells. As a
result, these lung cancer treatments frequently have fewer side effects. They
target particular areas on or within the tumor cells. However, targeted
therapies for lung cancer are not appropriate for everyone. Doctors may
recommend molecular testing or biomarker testing of tumors, which is
anticipated to support market growth in the future.
Major companies operating in United
Kingdom Lung Cancer Therapeutics Market are:
- Johnson & Johnson
- Boehringer Ingelheim International
GmbH.
- Novartis AG
- Amgen Inc
- Bayer AG
- AstraZeneca
- Pfizer Inc.
- Teva Pharmaceutical Industries Ltd.
- Merck & Co
- GlaxoSmithKline
plc
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“The United Kingdom Lung
Cancer Therapeutics Market is expected to witness significant growth in the
upcoming years due to the growing prevalence of lung cancer in the nation,
attributed to deteriorated lifestyles and increasing tobacco smoking. The
increasing healthcare investments and government initiatives for research and
innovation will drive a notable market segment in the United Kingdom.
Additionally, the increasing technological advancements in the medical
radiation diagnostics industry and the rising number of hospitals in the nation
are expected to strengthen the market's growth, which is projected to continue
through 2028," said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“United
Kingdom Lung Cancer Therapeutics Market
By Cancer Cell Type (Non-small Cell Lung Cancer
(NSCLC), Small Cell Lung Cancer (SCLC)), By Treatment (Chemotherapy, Radiation
Therapy, Immunotherapy, Targeted Therapy, Other Treatments), By
Region, Competition Forecast & Opportunities, 2018-2028F,”
has
evaluated the future growth potential of United Kingdom Lung Cancer
Therapeutics Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in United Kingdom Lung Cancer
Therapeutics Market.
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