Cancer Drugs Market size was valued at USD 168.46 billion in 2023 and is anticipated to exceed USD 669.67 billion by the end of 2036, expanding at over 11.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cancer drugs is evaluated at USD 183.55 billion.
Extensive research associated with cancer treatment in western countries, along with the growing investment in the development of advanced therapies are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as greater exposure to risk factors like tobacco use, alcohol use, unhealthy diet and physical inactivity. According to the data collected from WHO’s International Agency for Research on Cancer, in 2021, cancer is the leading cause of deaths globally, and is responsible for about 10 million deaths per year. Globally, about 1 in 6 deaths is due to cancer.
Author Credits: Radhika Pawar
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