The global pancreatic cancer therapeutics market holds numerous
opportunities for the key players, as pancreatic cancer is a highly challenging
disease among all types of cancer, which has no specific treatment available
for it, as of now. Also, growing incidence of cancer and technological
advancements are supporting the growth of the global pancreatic cancer
therapeutics market growth.
Cancer
instigates uncountable growth of cells due to some abnormalities in the body.
Some of the common symptoms of pancreatic cancer include weight loss, diarrhea,
jaundice and abdominal pain. Cancer hampers the pancreas’ normal functioning,
with smoking being the major risk factor for pancreatic cancer. Diagnosis of
this type of cancer is done by patient history check and complete physical
examination, followed by urine, stool and blood tests. Also, personal or family
history of pancreatitis and BRCA2 mutation inclines a person to be affected by
pancreatic cancer.
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In
developing countries, improvement in patient-centered care is being encouraged,
as governments are investing huge amount of funds. Increasing elderly
population base, high prevalence of pancreatic cancer and increase in foreign
investments may be observed, over the forecast period, in the developing
nations such as Asia-Pacific and Middle East Asia.
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The
investment in both segments of pancreatic cancers is significant. However, the
growing prevalence and growing reach of novel techniques in the developing
regions are the aspects likely to drive the growth of the exocrine category,
throughout the forecast period.
Presently,
the global pancreatic cancer therapeutics industry is merged in
nature, with only a few top companies seizing the major share of the market.
Some of the top companies operating in this market are Celgene Corporation; Eli
Lilly and Company; Amgen, Inc.; F. Hoffmann-La Roche AG; PharmaCyte Biotech,
Inc.; Novartis AG; Teva Pharmaceutical Industries Ltd.; Clovis Oncology;
Pfizer, Inc.; and Merck & Co., Inc.
Several
companies are concentrating on the introduction of technologically advanced
products, in order to obtain a significant share in the fast-growing medical
devices area. Also, collaborations, mergers and partnerships with well-established
players are the key approaches followed by top players to increase their market
share, during the forecast period.
