Stratview Research announces the launch of a new market research report on Opportunities and Gaps in the Global Lung Cancer Prognosis Market By Treatment Algorithm in Different Regions, By Therapeutics, By Diagnostics, By Surgery, By Connected Health, By Nutritional Supplement and by Region (North America, Western Europe, Asia-Pacific, Latin America, Rest of the World): 2019-2025.
The exclusive report touches upon the demands, gaps and opportunities of the global lung cancer market while covering Lung Cancer Diagnostics, Lung Cancer Therapeutics, Lung Cancer Nutritional supplement, Lung Cancer Surgery and Lung Cancer Connected Health Market. The management of Lung cancer varies by region, by decision makers, by site of treatment, by type of lung cancer, by age, by decision making process, by cost of therapy at each stage and by various other parameters.
According to WHO and other health agencies, lung cancer is the number one killer across the world.
Key questions this report will address:
Lung Cancer Prognosis Market Insights
If we consider the lung cancer management market from the stakeholder’s perspective, then drugs approved for ‘Small Cell Lung Cancer’ will not be applicable for ‘Non-Small Cell Lung Cancer’. In the Small-Scale Lung Cancer Therapeutics, immunotherapy drugs will play a major role in the next 7 years and may grow at a CAGR of 7.4% globally, however the same class of drugs might grow at a CAGR of 10.6% in the Non-Small-Scale Lung Cancer Therapeutics Market in the same time period. The market had a potential of US$ 17.1 billion alone in 2018 and is likely to grow at a CAGR of 8.3% globally till 2025.
In the lung cancer diagnostics segment, Thermofischer, Roche, and Biomerieux are few of the market leaders. The report discusses about the competition given by the newer companies such as Astraeus Technologies, Zebra Medical, Deton, Oncocyte and many more that are entering the specialized diagnostics market. It might be interesting to consider that while 50% of the oncologists decide (decision makers) the type of tests and the frequency of repeat tests, shared decision-making process is equally high among the Lung Cancer Management Market. The opportunity is huge, NSCLC cases accounts for 85% of the recorded lung cancer incidence worldwide, > 60% require diagnosis, medicine for maintenance, pain and other side effects.
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Considering the complications and limitations in lung cancer surgery (not all patients are eligible), still the market is expected to grow steadily at a CAGR of 6.3%, during the forecast period (2019-2025). The demand for NSCLC surgery is high, thus the market size of 99%. In some cases, surgery is not recommended, when the tumor is found in proximity with the heart, the esophagus – the food pipe, the wind pipe and major blood vessels. The demand for NSCLC surgery is expected to grow rapidly with a CAGR of 6.3% over the course of next seven years.
The study on the lung cancer prognosis market also states that Lobectomy (sub segment under Lung Cancer Surgery) results in lowest recurrence rate and higher survival rate as compared to other surgery type. Hence, it is the highly referred type of surgery procedure for NSCLC cases. One of the companies, Auris is the most promising in this segment and has a brighter future ahead. This segment also expects competition from Chinese companies such as IFLYTEK who are strong contenders in the global market.
Among the different segments of global lung cancer management market, connected health or Apps for Lung cancer maintenance or management are few. However, the segment is promising, as researchers believe that App based software can help in treatment adherence, keeping track of medical records (insurance companies, medical centers). Developed markets such as the USA, the UK, Germany, France, Japan, China and Australia are the near-term opportunities for the connected health segment.
Lung cancer patients need nutritional supplements throughout their treatment phase followed by recovery and maintenance phase. The study also looks at the aspects of sales and marketing, buying patterns of end users which can help companies such as Abbott, Danone, Nestle, B Braun and more gauge the market and look at the changing preferences of the market in regions such as Asia Pacific, Europe and North America.
The report also focuses on the regional aspects and gives the reader the flexibility to consider between the global market or regions. It is imperative to look at this market as connected, as out of the prevalent cases of lung cancer, are potential candidates of diagnosis and of the diagnosed pool a higher percentage will require medication or surgery, there will be few drop outs and few gaps, more or less all the above will need apps or Healthcare IT products to monitor drug adherence, doctor access, and above all long term nutritional supplement.
The report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. More than 20 detailed primary interviews with the market players across the value chain in all four regions and industry experts have been executed to obtain both the qualitative and quantitative insights.
Stratview Research has number of high value market reports in the global healthcare industry. Please refer to the following link to browse through our reports:
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