PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1792860
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1792860
Global Targeted Cancer Therapy Market to Reach US$23.2 Billion by 2030
The global market for Targeted Cancer Therapy estimated at US$16.1 Billion in the year 2024, is expected to reach US$23.2 Billion by 2030, growing at a CAGR of 6.4% over the analysis period 2024-2030. Hormone Therapy, one of the segments analyzed in the report, is expected to record a 8.0% CAGR and reach US$7.0 Billion by the end of the analysis period. Growth in the Monoclonal Antibodies segment is estimated at 7.1% CAGR over the analysis period.
The U.S. Market is Estimated at US$4.4 Billion While China is Forecast to Grow at 10.3% CAGR
The Targeted Cancer Therapy market in the U.S. is estimated at US$4.4 Billion in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2030 trailing a CAGR of 10.3% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.0% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
Global Targeted Cancer Therapy Market - Key Trends & Drivers Summarized
Targeted cancer therapy, which attacks specific molecular drivers in tumors, now stands at the forefront of oncology innovation.
Advances in genomic profiling-especially next-generation sequencing-enable clinicians to match patients with therapies that inhibit specific genetic mutations. These treatments are increasingly preferred over generalized chemotherapy due to their ability to limit systemic toxicity and increase efficacy. The segment continues to grow as pharmaceutical companies develop drugs focused on narrow cancer subtypes, often using technologies like antibody-drug conjugates, kinase inhibitors, and radiopharmaceuticals. Public health bodies and NGOs are also supporting initiatives that encourage early detection and personalized treatment planning, contributing to broader therapy access and adoption.
What Technological Innovations Are Boosting Adoption?
Antibody-drug conjugates are redefining precision oncology by delivering cytotoxic agents directly to tumor cells, reducing off-target effects. Radiopharmaceuticals are also transforming treatment paradigms, particularly in solid tumors and metastatic conditions. Artificial intelligence is enabling more effective biomarker discovery, patient stratification, and trial design. In tandem, new diagnostic techniques such as liquid biopsies offer non-invasive, real-time monitoring of cancer progression. These are complemented by regulatory frameworks that support accelerated approvals and access programs, although challenges related to cost and equity remain prevalent in many regions.
The Growth in the Targeted Cancer Therapy Market Is Driven by Several Factors…
The growth in the targeted cancer therapy market is driven by several factors related to genomics, therapeutic advancement, and system-wide adoption. The increasing global cancer burden is expanding demand for more personalized and effective solutions. Improved genomic screening capabilities have expanded the population eligible for precision therapies. Emerging modalities like radiopharmaceuticals and biologics are expanding treatment scope. Artificial intelligence and machine learning tools are improving treatment matching and drug development. Additionally, strategic collaborations and innovative payment models are helping overcome access barriers and drive adoption across diverse healthcare systems.
SCOPE OF STUDY:
The report analyzes the Targeted Cancer Therapy market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Therapy Type (Hormone Therapy, Monoclonal Antibodies, Signal Transduction Inhibitors, Gene Expression Modulators, Apoptosis Inhibitors, Other Therapy Types); Disease Indication (Lung Cancer, Breast Cancer, Colorectal Cancer, Leukemia, Melanoma, Lymphoma, Other Cancer Disease Indications); End-Use (Hospitals & Clinics End-Use, Cancer & Radiation Therapy Centers End-Use, Academic & Research Institutions End-Use)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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