GCC Oncology/Cancer Drugs Market Overview and Insights:
According to MarkNtel Advisors Report, the GCC Oncology/Cancer Drugs Market is projected to grow at a considerable CAGR during the forecast period, i.e., 2023-28.
GCC Oncology/Cancer Drugs Market research is an ongoing process. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
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Key Takeaways: Beneficial for Stakeholders and Clients:
- Historical Data: 2018-21
- Base Year: 2022
- Forecast Period: 2023-2028
Key Driver: Growing Prevalence of Various Cancer Cases to Uplift the Oncology/Cancer Drugs Market
The GCC nations have been witnessing a massive surge in several types of cancer cases including lung cancer, breast cancer, colorectal cancer, prostate cancer, etc. The prominent factor behind the increasing cases of lung cancer in the GCC nations remains the habit of tobacco smoking among the men population. The smoking prevalence has been subsequently leading to a large number of lung cancer cases mainly in Saudi Arabia, Bahrain, and Oman. For instance, in 2020, around 6% male of Saudi Arabia were diagnosed with lung cancer, as per the World Health Organization. Thus, the growing prevalence of different types of cancers among the GCC population would facilitate the requirement for oncology/cancer drugs in the forthcoming period.
Who are the Key Players Operating in the GCC Oncology/Cancer Drugs Industry?
The top companies of the GCC Oncology/Cancer Drugs market ruling the industry are:
- Hoffmann-La Roche Ltd.
- Johnson Johnson Middle East FZ LLC
- Pfizer International Corporation
- Merck Serono Middle East FZ-Ltd.
- AbbVie Biopharmaceuticals GmbH
- AstraZeneca Gulf FZ LLC
- Bayer Middle East FZE
- Amgen, Inc.
- Astellas MENA/SSA
- Others
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What is Included in GCC Oncology/Cancer Drugs Market Segmentation?
The report has segmented the market into the following categories:
By Therapy
- Chemotherapy
- Immunotherapy
- Targeted Therapy
- Hormonal Therapy
- Others
Based on Therapy, Targeted Therapy is anticipated to attain the highest CAGR in the forthcoming years. The growth is attributed to bolstering cases of breast cancer. Targeted therapy is widely used for the treatment of breast cancer by targeting cellular processes to stop the growth of cancer cells along with being highly efficient and having high survival rates.
By Application
- Breast Cancer
- Lung Cancer
- Kidney Cancer
- Liver cancer
- Ovarian Cancer
- Prostate Cancer
- Skin Cancer
- Pancreatic Cancer
- Colorectal
- Blood Cancer
- Others
By Country
- Saudi Arabia
- The UAE
- Qatar
- Kuwait
- Bahrain
- Oman
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Frequently Asked Questions (FAQs)-
- What are the industry's overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- How has the GCC Oncology/Cancer Drugs industry been evolving in terms of geography adoption?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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