April 12, 2018
WELLESLEY, Mass., April 12, 2018– An aging population, increased healthcare spending, regulatory factors and technological advancements are conspiring to drive growth of the worldwide market for ovarian cancer therapies and diagnostics, according to a report by BCC Research. Growth will be strong around the world, but particularly robust in the Asia-Pacific region.
The global market is expected to see a compound annual growth rate (CAGR) of 7.1% through 2022, when it could be worth $2.9 billion, according to the report Therapies and Diagnostics for Ovarian Cancer: Global Markets to 2022.
While the industry is experiencing tremendous growth, there is an increasing need for new and innovative technologies.
Major players in the market include Roche Holding, Novartis, Celgene, Bristol-Myers Squibb, Janssen Pharmaceuticals, Pfizer, Eli Lilly, Astra Zeneca, Merck and AbbVie. Roche was the market leader, with a 28% share of the ovarian cancer therapy industry.
“In developed countries, ovarian cancer still remains the most lethal of all gynaecologic malignancies,” said Robert G. Hunter, BCC Research senior editor, healthcare. “One of the reasons for the high fatality rate is that more than 70% of women with ovarian cancer are diagnosed with advanced disease. Early detection of ovarian cancer represents the best hope for increased long-term survival rates and long-term disease control, but to date, researchers are still trying to improve ovarian cancer diagnostics.”
Leading Companies May Face an Upcoming Patent Cliff Thanks to Biosimilars
The therapeutic drug industry’s patent cliff began in earnest in 2011 and peaked in 2012 as some major well-known drugs faced patent expirations and increased competition in the United States. A second cliff may be looming, the report notes, as top biologic blockbusters face challenges from biosimilars. Global sales at risk from patent expiration totalled $52 million in 2016 but are expected to rise to $194 million by 2022. The report notes that 24 drugs are scheduled to lose patent protection this year, followed by an additional 19 in 2019.
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Therapies and Diagnostics for Ovarian Cancer: Global Markets to 2022( HLC143B )
Publish Date: Apr 2018
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