Neoplasm Treatment Market Size & Share, by Type (Malignant, Benign); End-user (Specialty Clinics, Hospital, Cancer Research Center) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 3898
  • Published Date: Mar 01, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2023-2035

Neoplasm Treatment Market size is expected to reach USD 400 Billion by the end of 2035, witnessing around 10% CAGR during the forecast period, i.e., 2023-2035. In the year 2022, the market size of neoplasm treatment was USD 170 Billion. The growth of the market can be attributed to the increasing number of peoples suffering from malignant tumors, followed by the rising number of cases across the globe.  According to the data by the World Health Organization (WHO), over 10 million people died due to cancer in 2020, up from 9.6 million in 2018. Moreover, there were 2.26 million new cases of breast cancer, 2.21 million cases of lung cancer, and 1.41 million cases of prostate cancer in 2020 itself.

Neoplasms can be cancerous or non-cancerous growths in different organs of the body. Neoplasm is not swelling as in case of tumors, and a new unwanted growth. The factors causing the non-cancerous neoplasm are often unknown, as it doesn’t spread to other parts of the body. On the other hand, there are few factors that are linked to the growth of the cancerous neoplasm such as rise in the exposure to skin or toxin chemical. For instance, as per the American Academy of Dermatology Association estimated, nearly one in five Americans develops skin cancer in their lifetime.


Global-Neoplasm-Treatment-Market-scope
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Neoplasm Treatment Sector: Growth Drivers and Challenges

Growth Drivers

  • Increasing Exposure to Smoke - Any area of the body can be affected as a result of cigarette smoking. Excessive smoking is injurious to health, and can make the condition worsen with time. Therefore, it is projected to surge the growth of the global neoplasm treatment market. According to the American Cancer Society, nearly 20 percent of cancers, and 30 percent of all cancer deaths are owing to the smoking in the United States.

  • Increasing Geriatric Population - The incidence rates of neoplasms increase with the rise in the elderly population’s percentage. With the increasing age, the        cells in the body get damaged, and are expected to drive the market’s growth. As per the reported data, in the year 2050,  more than 70 percent 80% of the world's old people is anticipated to live in low- and middle-income countries.

  • Increasing Exposure to Smoke - Any area of the body can be affected as a result of cigarette smoking. Excessive smoking is injurious to health, and can make the condition worsen with time. Therefore, it is projected to surge the growth of the global neoplasm treatment market. According to the American Cancer Society, nearly 20 percent of cancers, and 30 percent of all cancer deaths are owing to the smoking in the United States.

  • Increasing Geriatric Population - The incidences rates of neoplasm increase as the rise in the elderly population percentage. With the increasing age, the        cells in the body gets damaged, and are expected to drive the market’s growth. As per the reported data, in the year 2050, more than 70 percent of the world's old people is anticipated to live in low- and middle-income countries.

Challenges

  • High Cost for the Treatment of Neoplasm - There are treatment options that are critical and needed to be adopted in critical conditions such as surgery. Moreover, the cost charged by the doctors are high for the complex procedures. Therefore, it is expected to hamper the market’s growth in the upcoming years.
  • Lack of awareness among people in low and middle-income countries for these treatment
  • Lack of medical reimbursement policies for treatment of Neoplasm

Neoplasm Treatment Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~10%

Base Year Market Size (2022)

~ USD 170 Billion

Forecast Year Market Size (2035)

~ USD 400 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Neoplasm Treatment Segmentation

Type (Malignant, Benign)

The global neoplasm treatment market is segmented and analyzed for demand and supply by type into benign, and malignant, out of which, the malignant segment is anticipated to hold the notable share in the global neoplasm treatment market over the forecast period on account of the growing prevalence of malignant, i.e., cancerous neoplasm across the globe. In addition, malignant is a severe kind of neoplasm that usually grow faster than benign and can spread to the whole body of the patient, they are not controlled at the right time, and can invade the nearby tissues. Moreover, the higher exposure to carcinogens, backed by poor lifestyle habits in present times, is estimated to fuel the segment.  According to the World Health Organization, cancer accounted for nearly one in six deaths across the globe in the year 2020.

End-user (Specialty Clinics, Hospital, Cancer Research Center) 

The global neoplasm treatment market is also segmented and analyzed for demand and supply by end-user into specialty clinics, hospital, cancer research center, and others. Out of these, the hospitals segment is projected to hold the largest share over the forecast period in the global neoplasm treatment market. The growth of the segment can be owing to the increasing number of hospitals around the world for the treatment of diseases. Furthermore, the government invests in hospitals for providing treatment facilities to patients belonging to the lower income category. In addition, they are able to deal with the emergency cases with the advanced technologies, and it is expected to increase the segment’s growth in the market.  As per the data reported in 2020, the total number of hospitals in Japan accounted to more than 8,000. In addition, the number of hospitals in Korea has increased to more than 4,000 in the year 2020.

Our in-depth analysis of the global market includes the following segments:

         By Type

  • Malignant
  • Benign

        By End-User

  • Specialty Clinics
  • Hospital
  • Cancer Research Center
  • Others

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Neoplasm Treatment Industry - Regional Synopsis

North American Market Forecast   

The North American neoplasm treatment market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The growth of the market can be attributed majorly to the rising cases of cancer in the region. According to the US National Cancer Institute, an estimated of 1,806,590 new cases of cancer were diagnosed in the United States in 2020. Moreover, the presence of major research institutes in the region, combined with high healthcare expenditure, is estimated to boost the market growth. In addition, there has been a higher awareness related to the advanced technologies for cancer diagnostics and treatment in terms of chemotherapy, radiation, and others that is further anticipated to boost the market’s growth in the region.

Europe Market Forecast

The European neoplasm treatment market, amongst the market in all the other regions, is also projected to have significant growth during the forecast period. The growth of the market can be attributed majorly to the surging emphasis on neoplasm treatment, followed by rising prevalence of malignant cancers in the countries such as the United Kingdom. Furthermore, the rising clinical trials, and development of drugs for the treatment is further predicted to boost the growth of the market in the region. In addition, the increasing approval of the drug and its treatment by the FDA is expected to contribute to the factors that are supporting the market’s growth in the region.

APAC Market Statistics

The Asia Pacific neoplasm treatment market, amongst the market in all the other regions, is projected to grow with the highest CAGR during the forecast period. The growing geriatric population, and increasing population percentage are the major factors that are anticipated to boost the growth of the neoplasm treatment market in the region over the forecast period. Furthermore, improving healthcare facilities and policies are further predicted to increase the market’s growth in the Asia Pacific region.

Research Nester
Global-Neoplasm-Treatment-Market-regional
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Companies Dominating the Neoplasm Treatment Landscape

top-features-companies
    • Thermo Fisher Scientific Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Bayer AG
    • Merck & Co., Inc.
    • Novartis AG
    • Abbott Laboratories
    • Exelixis, Inc.
    • Boehringer Ingelheim GmbH
    • Teva Pharmaceutical Industries Ltd.
    • F. Hoffmann-La Roche
    • Amgen Inc.

In the News

  • Exelixis Inc. announced the successful results for Cabozantinib in combination with immunotherapies in patients with advanced colorectal cancer.

  • Merck & Co announced the complete acquisition of Acceleron Pharma Inc., to explore the opportunities in medical research.

Author Credits:  Radhika Gupta, Shivam Bhutani


  • Report ID: 3898
  • Published Date: Mar 01, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Surging change in genetic mutations, increasing geriatric population are the major factors driving the market growth.

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2035.

Lack of awareness among people in low and middle-income countries for these treatment, and lack of medical reimbursement policies for treatment of neoplasm are estimated to be the growth hindering factors for the market expansion.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

The major players in the market are Thermo Fisher Scientific Inc., Bayer AG, Merck & Co., Inc., Novartis AG, Abbott Laboratories, Exelixis, Inc., Boehringer Ingelheim GmbH, Teva Pharmaceutical Industries Ltd., F. Hoffmann-La Roche, Amgen Inc., and others

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, end user, and by region.

The malignant segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
Neoplasm Treatment Market Report Scope
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