Global Pancreatic Cancer Therapeutics Market 2019-2023
About this market
Availability of improved diagnostic modalities to drive growth in the market. To combat the shortcomings in the prognosis of pancreatic cancer, advanced diagnostic aids based on the principles of complementary DNA (cDNA) fingerprinting, PCR, and DNA microarray, and molecular profiling are being developed. Technavio’s analysts have predicted that the pancreatic cancer therapeutics market will register a CAGR of more than 8% by 2023.
Robust pipeline and new drug approvals
The pipeline for the treatment of pancreatic cancer includes novel therapeutic approaches, including vaccines, gene therapy, stem cell therapy, and targeted therapy products.
High cost of treatments
Pancreatic cancer requires long term treatment, which increases the treatment cost and the economic burden on patients.
For the detailed list of factors that will drive and challenge the growth of the pancreatic cancer therapeutics market during the 2019-2023, view our report.
The market appears to be fragmented and with the presence of several companies including Pfizer and Shire the competitive environment is quite intense. Factors such as the robust pipeline and new drug approvals and the availability of improved diagnostic modalities, will provide considerable growth opportunities to pancreatic cancer therapeutics manufactures. Eli Lilly, F. Hoffmann-La Roche, Novartis, Pfizer, and Shire are some of the major companies covered in this report.
Technavio Announces the Publication of its Research Report – Global Pancreatic Cancer Therapeutics Market 2019-2023
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the availability of improved diagnostic modalities.”
According to the report, one of the major drivers for this market is the robust pipeline and new drug approvals.
Further, the report states that one of the major factors hindering the growth of this market is the high cost of treatments.
F. Hoffmann-La Roche
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