DUBLIN--(BUSINESS WIRE)--The "Novel Drug Delivery Systems (NDDS) in Cancer Therapy Market Analysis By Product (Nanoparticles and Embolization Particles), By Region (North America, Europe, APAC, Latin America, MEA), And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global novel drug delivery systems (NDDS) in cancer therapy market is expected to reach USD 26.61 billion by 2025
The market is primarily driven by global rise in incidence of cancer, increase in research activities for developing novel drug delivery technologies, and availability of research funding for ongoing projects.
Many key players in this market are investing in R&D of novel and advanced products. This can also be attributed to increase in patent expirations. For instance, the R&D expenditure of Celgene Corporation increased from USD 3,697.3 million in 2015 to USD 4,470.1 million in 2016. Increase in R&D spending was directed toward enhancing product pipeline and for regulatory approvals of new products.
In addition, rise in healthcare expenditure for diagnosis and treatment of cancer and awareness about alternative therapies are expected to boost market growth. Improvement in healthcare infrastructure in developing nations and increase in awareness about new treatment methods for cancer are also anticipated to propel the market during the forecast period.
North America held the largest market share in 2016. Local presence of a large number of manufacturers, ongoing regulatory approvals for new drugs, and availability of research funding for new methods of treatment for this disorder are key factors that can be attributed to this region's dominance in the global market. However, Asia Pacific is expected to grow at the highest rate during the forecast period. This can be attributed to rise in initiatives that boost cancer research projects, increase in healthcare expenditure for cancer therapy, improvement in healthcare infrastructure, large geriatric population base, and rise in awareness owing to medical conferences and meetings in the region.
Some of the key players are Celgene Corporation; Teva Pharmaceutical Industries, Ltd.; GALEN; Shire; Johnson & Johnson Services, Inc.; and Spectrum Pharmaceuticals, Inc.
Key Topics Covered:
Chapter 1 Research Methodology
Chapter 2 Executive Summary
Chapter 3 Novel Drug Delivery Systems (NDDS) in Cancer Therapy Market Variables, Trends & Scope
Chapter 4 Novel Drug Delivery Systems (NDDS) in Cancer Therapy Market: Product Estimates & Trend Analysis
Chapter 5 Novel Drug Delivery Systems (NDDS) in Cancer Therapy Market: Regional Estimates & Trend Analysis, By Product
Chapter 6 Competitive Landscape
- Teva Pharmaceutical Industries Ltd.
- Johnson & Johnson Services Inc.
- Merrimack Pharmaceuticals Inc.
- Shire (Baxalta)
- Samyang Biopharmaceuticals Corporation
- Celgene Corporation
- Spectrum Pharmaceuticals Inc.
For more information about this report visit https://www.researchandmarkets.com/research/7w46t5/novel_drug?w=4