Global Cancer Drugs Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Drug Class;

Cytotoxic Drugs, Targeted Drugs, Hormonal Drugs, and Others.

By Indication;

Lung Cancer, Stomach Cancer, Colorectal Cancer, Breast Cancer, Prostate Cancer, and Others.

By Therapy;

Immunotherapy, Targeted Therapy, Chemotherapy, Hormone Therapy and Others.

By Cancer Type;

Breast Cancer, Blood Cancer, Gastrointestinal Cancer, Prostate Cancer, Skin Cancer, Lung Cancer and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn846064677 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Cancer Drugs Market (USD Million), 2021 - 2031

In the year 2024, the Global Cancer Drugs Market was valued at USD 180,948.28 million. The size of this market is expected to increase to USD 300,202.09 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.5%.

The global market for cancer drugs has witnessed significant growth in recent years, driven by advancements in medical research, increasing prevalence of cancer worldwide, and evolving treatment modalities. Cancer remains one of the leading causes of mortality globally, with a diverse range of cancer types necessitating continuous innovation in drug development. As such, pharmaceutical companies are heavily investing in research and development to introduce novel therapies that target specific types of cancer more effectively. This commitment to innovation has led to the emergence of personalized medicine and immunotherapy as promising avenues in cancer treatment.

In terms of market dynamics, the cancer drugs market is characterized by a competitive landscape with numerous players ranging from multinational pharmaceutical giants to biotechnology firms specializing in oncology. This competition fosters a climate of innovation and collaboration, with partnerships often formed to leverage complementary strengths in drug discovery and development. Additionally, the market is influenced by regulatory frameworks that govern drug approvals, ensuring that new treatments meet rigorous safety and efficacy standards before entering the market.

From a geographical perspective, North America and Europe historically have been the largest markets for cancer drugs, owing to high healthcare expenditure, advanced healthcare infrastructure, and robust research capabilities. However, there is a growing focus on emerging markets in Asia Pacific and Latin America, driven by increasing incidence of cancer and improving access to healthcare. This shift underscores the global nature of the cancer drugs market, with opportunities and challenges existing across different regions as companies strive to address unmet medical needs and improve patient outcomes.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Drug Class
    2. Market Snapshot, By Indication
    3. Market Snapshot, By Therapy
    4. Market Snapshot, By Cancer Type
    5. Market Snapshot, By Region
  4. Global Cancer Drugs Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Research and development advancements
        2. Increasing cancer prevalence
        3. Technological innovations in drug delivery
      2. Restraints
        1. High cost of cancer drugs
        2. Stringent regulatory requirements
        3. Side effects associated with treatments
      3. Opportunities
        1. Personalized medicine approaches
        2. Emerging markets in Asia-Pacific and Latin America
        3. Development of targeted therapies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bragaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Industry Rivalry
  5. Market Segmentation
    1. Global Cancer Drugs Market, By Drug Class, 2021 - 2031 (USD Million)
      1. Cytotoxic Drugs
      2. Targeted Drugs
      3. Hormonal Drugs
      4. Others.
    2. Global Cancer Drugs Market, By Indication, 2021 - 2031 (USD Million)
      1. Lung Cancer
      2. Stomach Cancer
      3. Colorectal Cancer
      4. Breast Cancer
      5. Prostate Cancer
      6. Others
    3. Global Cancer Drugs Market, By Therapy, 2021 - 2031 (USD Million)
      1. Immunotherapy
      2. Targeted Therapy
      3. Chemotherapy
      4. Hormone Therapy
      5. Others
    4. Global Cancer Drugs Market, By Cancer Type, 2021 - 2031 (USD Million)
      1. Breast Cancer
      2. Blood Cancer
      3. Gastrointestinal Cancer
      4. Prostate Cancer
      5. Skin Cancer
      6. Lung Cancer
      7. Others
    5. Global Cancer Drugs Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Roche
      2. Merck & Co., Inc.
      3. Novartis
      4. Bristol-Myers Squibb
      5. Pfizer
      6. AstraZeneca
      7. Johnson & Johnson
      8. Takeda Pharmaceutical Company
      9. AbbVie
      10. Eli Lilly and Company
  7. Analyst Views
  8. Future Outlook of the Market