Blockbuster Oncology Brands Market Size Worth $62.80 Billion by 2027: Grand View Research, Inc.

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29 Apr, 2019, 10:05 GMT

SAN FRANCISCO, April 29, 2019 /PRNewswire/ -- The global blockbuster oncology brands market is poised to reach USD 62.80 billion by 2027, according to a new report by Grand View Research, Inc., progressing at a CAGR of 7.3% during the forecast period. Shift towards immunotherapies coupled with increasing number of indication expansion trials is one of the primary growth stimulants for the market.

Key suggestions from the report:

North America dominated the global arena in 2017, with approximately 65.0% share. The region is likely to maintain its position through 2027
In terms of revenue, the lung cancer segment is estimated to expand at a CAGR of over 9.0% during the forecast period
The multiple myeloma segment held more than 30.0% of the market revenue in 2017 and is anticipated to lose its position to lung cancer by 2027
Europe is projected to experience modest growth during the forecast period due to delays in cost-effectiveness analysis, carried out by health technology assessment bodies, slowing approval process and lowering reimbursement
Some of the key companies present in the market are Tesaro, Inc.; Merck &Co.; Bristol Myers Squibb; AstraZeneca Plc; and Roche Ltd.

Read 170 page research report with TOC on "Blockbuster Oncology Brands Market Size, Share & Trends Analysis Report By Brand (Opdivo, Revlimid, Zejula), By Indication (Lung Cancer, Lymphoma, Multiple Myeloma), And Segment Forecasts, 2018 - 2027" at: https://www.grandviewresearch.com/industry-analysis/blockbuster-oncology-brands-market

Current market analysis reveals Revlimid and Opdivo as bestselling therapies in the marketplace in 2017. However, a robust pipeline will uplift Opdivo's sales, while Revlimid's patent expiration will lower its revenue share in the market by 2027. Although Keytruda poses strong competition to Opdivo, especially after bagging a frontline approval for NSCLC in 2017, the immunotherapeutic is expected to trail behind the latter by 2027.

Lifecycle management strategies, including expansion of approved indications and development of combination therapies, underline competitive dynamics in the global blockbuster oncology brands market. Collaborative agreements signed by participating companies facilitate development, commercialization, and regional expansion of products. Such strategies not only enable players to gain easy access into new markets, but also allow them to leverage scientific and technological expertise of their collaborative partner.

Grand View Research has segmented the global blockbuster oncology brands market on the basis of brands, indication, and region:

- Blockbuster Oncology Brands Outlook (Revenue, USD Million, 2015 - 2027)

Opdivo
Keytruda
Perjeta
Ibrance
Tecentriq
Gazyva
Zejula
Tagrisso
Darzalex
Imbruvica
Revlimid

- Blockbuster Oncology Brands Indication Outlook (Revenue, USD Million, 2015 - 2027)

Lung cancer
Breast cancer
Multiple myeloma
Lymphoma
Others

- Blockbuster Oncology Brands Regional Outlook (Revenue, USD Million, 2015 - 2027)

North America

U.S.
Canada

Europe

Germany
U.K.
Italy
Spain
France
Switzerland
Poland
Denmark

Asia Pacific

China
Japan
India
Australia
New Zealand
Philippines
Indonesia
Hong Kong
Singapore
South Korea

Latin America

Mexico
Brazil
Argentina

Middle East & Africa

Saudi Arabia
Israel
Turkey

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About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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