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

By Cancer Type;

Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Cervical Cancer, and Other Cancer Types.

By Drug Type;

Carboplatin, Cisplatin, Gemcitabine, Paclitaxel, Doxorubicin, Bevacizumab, Erlotinib, Sunitinib, Everolimusa, and Other Drug Types.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn138303810 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Solid Tumor Therapeutics Market (USD Million), 2021 - 2031

In the year 2024, the Global Solid Tumor Therapeutics Market was valued at USD 248,210.49 million. The size of this market is expected to increase to USD 634,794.01 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 14.4%.

The COVID-19 pandemic initially disrupted the solid tumor therapeutics market due to supply chain restrictions and lockdown measures. According to an article published in the Vaccines Journal in December 2022, cancer treatments faced significant delays globally during the first year of the pandemic. Additionally, cancer patients were particularly vulnerable to COVID-19, leading to disruptions in 5% to 50% of cancer care screening and treatment in all countries by the last quarter of 2021. Consequently, COVID-19 significantly impacted the solid tumor therapeutics market. However, as COVID-19 cases have come under control, the market has been recovering, with demand for various solid tumor therapeutics returning to pre-pandemic levels.

Looking ahead, the solid tumor therapeutics market is expected to grow during the forecast period due to several factors. These include the rising incidence of cancer, ongoing research and development, increasing drug approvals, and heightened awareness of cancers such as prostate cancer. Government initiatives aimed at raising cancer awareness are also anticipated to drive market growth.

The high incidence of cancer is expected to increase demand for solid tumor therapeutics, thereby propelling market growth. For example, the European Breast Cancer Coalition's 2022 report highlighted that 1 in 11 women in the European Union will develop breast cancer before the age of 74. Additionally, Breast Cancer Now's 2021 statistics indicated that around 55,000 women are diagnosed with breast cancer annually in the United Kingdom, including 46,000 in England, 4,700 in Scotland, 2,800 in Wales, and 1,500 in Northern Ireland. The substantial global burden of breast cancer is thus expected to drive demand for therapeutics, boosting market growth.

Furthermore, strategic initiatives by market players to launch advanced solid tumor therapeutics are expected to augment market growth. For instance, in August 2021, GSK received FDA accelerated approval for JEMPERLI (dostarlimab-gxly) for a new indication in adult patients with mismatch repair-deficient (dMMR) recurrent or advanced solid tumors. This approval was based on tumor response rate and durability of response, and such advancements are projected to enhance market growth during the study period.

In summary, the solid tumor therapeutics market is anticipated to grow due to the high burden of cancer, rising clinical trials, and increasing product launches. However, the market growth may be restrained by stringent regulatory reforms and price erosion resulting from generic competition.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Cancer Type
    2. Market Snapshot, By Drug Type
    3. Market Snapshot, By Region
  4. Global Solid Tumor Therapeutics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising cancer incidence
        2. Advancements in R&D
        3. Government initiatives
      2. Restraints
        1. High cost of treatment
        2. Stringent Regulatory Requirements
        3. Drug Resistance
      3. Opportunities
        1. Personalized Medicine
        2. Focus on Affordable Therapies
    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 Solid Tumor Therapeutics Market, By Cancer Type, 2021 - 2031 (USD Million)
      1. Breast Cancer
      2. Lung Cancer
      3. Colorectal Cancer
      4. Prostate Cancer
      5. Cervical Cancer
      6. Other Cancer Types
    2. Global Solid Tumor Therapeutics Market, By Drug Type, 2021 - 2031 (USD Million)
      1. Carboplatin
      2. Cisplatin
      3. Gemcitabine
      4. Paclitaxel
      5. Doxorubicin
      6. Bevacizumab
      7. Erlotinib
      8. Sunitinib
      9. Everolimusa
      10. Other Drug Types
    3. Global Solid Tumor 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. Abbott Laboratories Inc
      2. Amgen Inc
      3. AstraZeneca PLC
      4. Hoffmann-La Roche AG
      5. GlaxoSmithKline PLC
  7. Analyst Views
  8. Future Outlook of the Market