Increasing Spending on Cancer Treatment Research is Driving Growth of Early-Stage Lung Cancer Diagnostics Market, Notes Fact.MR
Apoptosis is a form of programmed cell death or cellular suicide. Apoptosis-susceptible cells are used in early-stage lung cancer diagnostics for the treatment of cytotoxic cancer. The agents of early-stage lung cancer diagnostics interact with the targeted cell to induce cell death. Early-stage lung cancer diagnostics has the ability to engage with the cancer cell. Early-stage lung cancer diagnostics works on the coupling phenomenon of drug-target interaction. The drug-target phenomenon of early-stage lung cancer diagnostics is the key factor behind the accuracy of the treatment. A few patients may show dramatic side-effects after undergoing cancer treatment with early-stage lung cancer diagnostics.
The global early-stage lung cancer diagnostics market is expected to show significant growth over the forecast period, due to the rise in funding by governments for the development of novel drugs. According to GLOBOCAN, cancer burden has risen to 18.1 million cases and 9.6 million cancer deaths in 2017. GLOBOCAN also estimated that there have been 1.3 million cases of prostate cancer, worldwide, in 2017.
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Increasing Prevalence of Cancer is Primary Growth Factor for Global Market
The rising prevalence of leukemia and prostate cancer is the primary factor driving the growth of the early-stage lung cancer diagnostics market. Increasing funding by governments for the development of novel therapies for the treatment of cancer is expected to boost the early-stage lung cancer diagnostics market over the forecast period even more. Additionally, the rising focus of pharmaceutical companies on launching improved drugs for the treatment of cancer is also expected to fuel the growth of the early-stage lung cancer diagnostics over the next decade. Also, a surge in the treatment adoption in developing countries is anticipated to boost the revenue of the early-stage lung cancer diagnostics market. On the other hand, the high cost of drugs may hamper the growth of the early-stage lung cancer diagnostics market to some extent. Moreover, the lack of awareness about the advanced therapies for cancer treatment among people is also expected to deter the growth of the early-stage lung cancer diagnostics market over the forecast period.
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Asia Pacific to Show Highly Promising Growth Opportunities
On the basis of geography, the early-stage lung cancer diagnostics market is classified into eight key regions, viz. North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and the Middle East and Africa. North America is expected to dominate the global early-stage lung cancer diagnostics market, due to the rise in research and development for the development of novel drugs. Europe closely follows North America, due to the rising incidences of cancer in the region. The early-stage lung cancer diagnostics markets in APEJ and Japan are growing swiftly, owing to the rising number of contract research organizations in these regions. Latin America and the Middle East and Africa are the least lucrative regions for the early-stage lung cancer diagnostics market, due to the lack of awareness about the advanced therapies for the treatment of cancer among the people.
Some of the key players found across the value chain of the early-stage lung cancer diagnostics market are BriaCell Therapeutics, Gilead Sciences, Inc., Cellectis S.A., Neon Therapeutics, Loxo Oncology, Bristol Myers Squibb Company, Merck & Co., Inc., F. Hoffmann-La Roche AG, Pfizer Inc., and AstraZeneca plc.
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