Oncology Drugs Market

By Drug Type;

Chemotherapy Drugs, Targeted Therapy Drugs, Immunotherapy Drugs and Hormonal Therapy Drugs

By Therapeutic Area;

Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer and Leukemia

By Route Of Administration;

Oral, Intravenous, Subcutaneous and Intramuscular

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn143155105 Published Date: September, 2025 Updated Date: October, 2025

Oncology Drug Market overview

Oncology Drug Market (USD Million)

Oncology Drug Market was valued at USD 158,480.48 million in the year 2024. The size of this market is expected to increase to USD 252,824.82 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.9%.


Oncology Drugs Market

*Market size in USD million

CAGR 6.9 %


Study Period2025 - 2031
Base Year2024
CAGR (%)6.9 %
Market Size (2024)USD 158,480.48 Million
Market Size (2031)USD 252,824.82 Million
Market ConcentrationMedium
Report Pages346
158,480.48
2024
252,824.82
2031

Major Players

  • Roche Holding AG
  • Novartis International AG
  • Bristol Myers Squibb Company
  • Merck & Co., Inc.
  • Pfizer Inc.
  • AstraZeneca PLC
  • Johnson & Johnson
  • AbbVie Inc.
  • Takeda Pharmaceutical Company Limited
  • Amgen Inc.

Market Concentration

Consolidated - Market dominated by 1 - 5 major players

Oncology Drugs Market

Fragmented - Highly competitive market without dominant players


The Oncology Drugs Market is witnessing significant momentum as cancer prevalence continues to rise. Over 38% of global drug pipelines are dedicated to oncology, highlighting its critical role in pharmaceutical research. The growing use of targeted therapies and immuno-oncology treatments is improving survival rates and shaping a new era of cancer care.

Innovations in Treatment Approaches
Advances in personalized medicine and genomic discoveries are driving oncology drug development. About 42% of therapies now focus on molecularly targeted pathways, allowing precision in treatment. Immunotherapies such as checkpoint inhibitors and CAR-T therapies are revolutionizing complex cancer management and delivering remarkable improvements in patient outcomes.

Research Growth and Regulatory Acceleration
Oncology dominates drug research, with nearly 55% of ongoing clinical trials focused on cancer treatments. Approvals from regulatory bodies like the FDA and EMA are speeding entry of breakthrough drugs into healthcare systems. With enhanced emphasis on clinical performance and patient safety, oncology drugs are reaching patients faster than ever before.

Affordability Driving Wider Access
High treatment costs have fueled demand for biosimilars and generics within oncology. Around 46% of healthcare institutions are adopting these cost-effective solutions to reduce expenses while ensuring reliable outcomes. This trend is expanding access to advanced therapies and supporting equitable cancer care delivery.

  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 Type
    2. Market Snapshot, By Therapeutic Area
    3. Market Snapshot, By Route Of Administration
    4. Market Snapshot, By Region
  4. Oncology Drugs Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Technological Advancements
        2. Increasing Cancer Incidence
      2. Restraints
        1. High Cost of Drug Development
        2. Stringent Regulatory Requirements
      3. Opportunities
        1. Growing Demand in Emerging Markets
        2. Personalized Medicine Approache
    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. Oncology Drugs Market, By Drug Type, 2021 - 2031 (USD Million)
      1. Chemotherapy Drugs
      2. Targeted Therapy Drugs
      3. Immunotherapy Drugs
      4. Hormonal Therapy Drugs
    2. Oncology Drugs Market, By Therapeutic Area, 2021 - 2031 (USD Million)
      1. Breast Cancer
      2. Lung Cancer
      3. Colorectal Cancer
      4. Prostate Cancer
      5. Leukemia
    3. Oncology Drugs Market, By Route Of Administration, 2021 - 2031 (USD Million)
      1. Oral
      2. Intravenous
      3. Subcutaneous
      4. Intramuscular
    4. Oncology 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. Bristol-Myers Squibb
      3. Johnson & Johnson
      4. Pfizer
      5. AstraZeneca
      6. Merck & Co.
      7. Novartis
      8. Eli Lilly
      9. AbbVie
      10. Amgen
      11. Sanofi
      12. Takeda
      13. Bayer
      14. Astellas Pharma
      15. Boehringer Ingelheim
  7. Analyst Views
  8. Future Outlook of the Market