Non-Small Cell Lung Cancer Market Continues To Grow Owing to the Demands Coming From Healthcare Sectors across the World and the Rapid FDA Approvals of Drugs to Treat the Condition

 

Non-small cell lung cancer is the leading form of lung cancer found today. It tends to spread and grow more slowly than the original lung cancer (small-cell), however, it does tend to be more resistant to treatment. There are currently three common varieties of non-small cell lung cancer (NSCLC): Benign non-neoplastic non-cell carcinoma; Squamous non-neoplastic non-cell carcinoma; and Allergic non-neoplastic non-cell carcinoma). Of these three types, Benign non-neoplastic non-cell carcinoma accounts for the majority of cases.

While many patients suffering from any one of these types of non-small cell lung cancer surgeries can return to work and some do quite well, the majority do not. One of the main reasons why this occurs is because treatments for these cancers tend to be very expensive. Not only are these types of surgeries very expensive but treatment options are limited and, in some instances, there is not much that can be done once a tumor has grown. This makes it hard for people who suffer to get back to work or pursue other types of hobbies while dealing with their cancer. Another thing that many people do not realize is that most of the time if the tumors are not surgically removed, they will continue to grow.

Market Dynamics                                  

The main factor driving the growth of non-small cell lung cancer market is the increasing advances in R&D sectors that are leading to better adoption of advanced and sophisticated therapies such as immunotherapy and the high prevalence of non-small cell lung cancer worldwide. For instance, according to the American Cancer Society, non-small cell lung cancer accounts for nearly 84% of all lung cancer cases in the world. Moreover, air pollution and intake of harmful substances such as tobacco are estimated to affirmatively influence the market growth of non-small cell lung cancer.

However, the costly treatment processes and lesser knowledge related to the occurrence of cancer are the main restraining factors hindering the growth of the non-small cell lung cancer market.

This market is distributed in five regions that include North America, Europe, Asia-Pacific, Africa, and the Middle East, and Latin America. Among these, North America is expected to hold a significant share of the non-small cell lung cancer market owing to the prevalence rate of the disease in the region. For instance, according to the American Cancer Society, in 2020 approximately 228,820 individuals in the region were diagnosed with non-small cell lung cancer, which includes 116,300 men and 112,520 women. The non-small cell lung cancer market in Asia-Pacific is estimated to witness significant growth owing to governmental initiatives increasing the awareness related to cancer and the expansion of the health sector in the region.

Competitive Analysis

Key players operating in the non-small cell lung cancer market include Merck & Co. Inc., Bristol Myers Squibb, Novartis AG, Boehringer Ingelheim GMBH, Eli Lilly and Company, F. Hoffmann-LA Roche Ltd., AstraZeneca plc, and Pfizer Inc.

In April 2018, the U.S. Food and Drug Association approved for Tagrisso to treat patients suffering from EGFR-mutated non-small cell lung cancer. Likewise, in February 2018, FDA approved Imfinzi to reduce the risk rate of non-small cell lung cancer.