By 2032, it is anticipated that the market for kinase inhibitors used to treat cancer would be worth US$ 122,133.64 million. As of 2022, the market had a value of $45,000 million, and it was projected to expand at a CAGR of 10.5% during the following five years.

Pharmaceutical companies are currently spending a lot of money on research and development to create improved kinase inhibitors. This is now fueling market expansion.

Additionally, the healthcare industry is experiencing tremendous technical advancements, particularly in the field of cancer therapy. Businesses are utilising this technique to create considerably more sophisticated tyrosine kinase inhibitors. The demand for kinase inhibitors for the treatment of cancer may rise as a result during the anticipated period.

Additionally, over the past few years, there has been an increase in the number of cancer patients worldwide. According to WCRF figures, there would be 18.1 million new cases of cancer worldwide by the year 2020. Thus, an exponential rise in cancer cases is anticipated to drive up kinase inhibitor sales for cancer treatment globally.

The major players in the oncology market are putting a lot of money on the simplicity of oral administration and kinase inhibitors' capacity to target several cellular survival pathways. Therefore, oncologists believe that using tyrosine kinase inhibitors is considerably more advantageous than using conventional therapy. The market share of kinase inhibitors for cancer treatment is anticipated to rise as a result.

Key Players 

Some of the key participating global players in kinase inhibitors for cancer treatment global market are Pfizer Inc., Boehringer Ingelheim GmbH, Novartis AG, Incyte Corporation, MedImmune, AstraZeneca, Eisai Co., Ltd., Takeda Pharmaceutical Company Limited and others.

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Segmentation 

Kinase inhibitors for cancer treatment global market is segmented into following types:

By Product Type

  • Angiogenesis inhibitors
  • m-TOR inhibitors
  • BRAF and MEK inhibitors
  • Bcr-Abl tyrosine-kinase inhibitors (TKI)
  • EGFR inhibitors
  • Others (PI3K Inhibitors, aurora-kinase inhibitors etc)

End User

  • Hospitals
  • Research Organizations