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

By Therapy Type;

Chemotherapy, Targeted Therapy, Immunotherapy (Biologic Therapy), Hormonal Therapy, and Others

By Cancer Type;

Breast Cancer, Lung Cancer, Blood Cancer, Colorectal Cancer, Skin Cancer, Prostate Cancer, and Others

By Distribution Channel;

Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies

By End User;

Hospitals, Specialty Clinics, Cancer & Radiation, and Therapy Centers

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn600517848 Published Date: May, 2025 Updated Date: June, 2025

Introduction

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

Cancer Therapeutics Market was valued at USD 143,954.68 million in the year 2024. The size of this cancer market is expected to increase to USD 261,469.45 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.9%.


Global Cancer Therapeutics Market Growth, Share, Size, Trends and Forecast

*Market size in USD million

CAGR 8.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)8.9 %
Market Size (2024)USD 143,954.68 Million
Market Size (2031)USD 261,469.45 Million
Market ConcentrationMedium
Report Pages333
143,954.68
2024
261,469.45
2031

Major Players

  • Amgen, Inc
  • AstraZeneca Plc
  • Bayer AG
  • Bristol-Myers Squibb Company
  • Roche AG
  • Eli Lilly and Company
  • Johnson & Johnson
  • Merck & Co. Inc
  • Novartis AG
  • Pfizer Inc

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Global Cancer Therapeutics Market

Fragmented - Highly competitive market without dominant players


The Cancer Therapeutics Market is expanding steadily, largely driven by the growing incidence of cancer worldwide. With cancer now one of the most critical global health concerns, around 55% of therapeutic interventions are focused on treating solid tumors. This surge underscores the rising demand for advanced treatment options that can deliver better patient outcomes and fewer complications.

Preference for Precision-Based Therapies
A significant shift toward targeted and immune-based therapies is redefining cancer treatment strategies. Nearly 48% of current therapeutic protocols now rely on these precision-driven approaches. These therapies are favored for their ability to directly target cancer cells while preserving healthy tissues, aligning with the healthcare sector’s move toward personalized medicine.

Rise of Biologics and Monoclonal Therapeutics
Innovations in biologics are transforming oncology, with monoclonal antibodies and biologic drugs making up about 42% of newly approved therapies. These agents offer enhanced specificity and reduced toxicity, making them ideal for both standalone and combination treatments. Their increased usage reflects the shift toward high-efficacy, low-risk cancer therapies.

Strong Research Momentum and Emerging Innovations
The market’s future is being shaped by aggressive R&D activity, with nearly 38% of ongoing clinical trials centered on oncology therapeutics. Emerging technologies such as CAR-T cell therapy and small molecule inhibitors are setting new benchmarks in treatment efficiency. These developments signal continuous innovation and robust clinical pipelines across the cancer care spectrum.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Therapy Type
    2. Market Snapshot, By Cancer Type
    3. Market Snapshot, By Distribution Channel
    4. Market Snapshot, By End User
    5. Market Snapshot, By Region
  4. Global Cancer Therapeutics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing prevalence of various cancer types
        2. Advances in targeted cancer therapy
        3. Rising investments in oncology research
        4. Growing demand for personalized treatment options
      2. Restraints
        1. High cost of cancer therapeutic drugs
        2. Stringent regulatory approval processes
        3. Limited accessibility in developing regions
        4. Side effects reducing patient compliance
      3. Opportunities
        1. Expansion in emerging healthcare markets
        2. Development of novel immunotherapies
        3. Growing collaborations between pharma companies
        4. Increasing focus on early cancer detection
    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. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Cancer Therapeutics Market, By Therapy Type, 2021 - 2031 (USD Million)
      1. Chemotherapy
      2. Targeted Therapy
      3. Immunotherapy (Biologic Therapy)
      4. Hormonal Therapy
      5. Others
    2. Global Cancer Therapeutics Market, By Cancer Type, 2021 - 2031 (USD Million)
      1. Breast Cancer
      2. Lung Cancer
      3. Blood Cancer
      4. Colorectal Cancer
      5. Skin Cancer
      6. Prostate Cancer
      7. Others
    3. Global Cancer Therapeutics Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Hospital Pharmacies
      2. Retail Pharmacies
      3. Online Pharmacies
    4. Global Cancer Therapeutics Market, By End User, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Specialty Clinics
      3. Cancer & Radiation
      4. Therapy Centers
    5. Global Cancer Therapeutics 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. Amgen, Inc
      2. AstraZeneca Plc
      3. Bayer AG
      4. Bristol-Myers Squibb Company
      5. Roche AG
      6. Eli Lilly and Company
      7. Johnson & Johnson
      8. Merck & Co. Inc
      9. Novartis AG
      10. Pfizer Inc
  7. Analyst Views
  8. Future Outlook of the Market