Bone cancer treatment market
Bone Cancer Drugs Market, By Drug Type ( Antimetabolites, Anthracyclines, Antibiotics, and Others (RANK ligand inhibitors, etc.)), By Disease Indication (Multiple Myeloma, Osteosarcoma, Chondrosarcoma, and Ewing’s Sarcoma), By Distribution Channel, Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
- Sep 2023
- CMI93
- 204 Pages
- Excel & Pdf
- Pharmaceutical
Global bone cancer drugs market is estimated to be valued at US$ 1,286.4 Mn in 2023, and is expected to exhibit a CAGR of 5.2% during the forecast period (2023-2030).
Analysts’ Views on Global Bone Cancer Drugs Market:
Bone cancer develops in bone or cartilage cells . Primary bone cancer is another name for it. A mass of cancer cells known as a cancerous (malignant) tumour is capable of invading neighboring tissue and wreaking havoc on it. It has the ability to "metastasize" to other body regions. Rising number of patient population with bone cancer is expected to boost demand for bone cancer treatment across the globe. Thus, it offers the opportunity for various market players to offer cost effective treatment.
Figure 1. Global Bone Cancer Drugs Market Share (%), By Drug Type, 2023
Global Bone Cancer Drugs Market– Drivers
- Increasing prevalence of bone cancer: Increasing prevalence of bone cancer is expected to drive growth of the global bone cancer drugs market over the forecast period. For instance, in 2021, according to The American Society of Clinical Oncology, there were 3,610 new cases of bone cancer in the U.S. and 2,060 deaths due to bone cancer. According to the same source, primary bone malignancies, or tumors that begin in the bones are rare, and this accounts for less than 1% of all cancers. Adults are significantly more likely to get malignancies that originate in other organs but then spread to the bones. The most typical primary bone cancer is osteosarcoma, which is followed by chondrosarcoma and Ewing sarcomas.
- Increasing funding and investments by market players: Increasing funding and investments by key market players is expected to drive the global bone cancer drugs market growth over the forecast period. For instance, in June 2022, Radius Health, Inc., a biopharmaceutical company, announced that it had agreed to privatization of the company under the term an acquisition worth up to US$ 890 million and a deal to merge with a subsidiary of two investment firms. Gurnet Point Capital and Patient Square Capital will pay US$ 10 per Radius share plus an additional US$ 1 per share if sales of Radius' lead drug, an osteoporosis drug sold as Tymlos, meet a certain threshold by 2025 to reach. Hence, this is expected to fuel the gloal bone cancer drugs market growth over the forecast period.
Figure 2. Global Bone Cancer Drugs Market Share(%), By Region, 2023
Global Bone Cancer Drugs Market- Regional Analysis
Among region, North America is estimated to hold a dominant position in the global bone cancer drugs market over the forecast period. North America is estimated to hold 33.5 % of the market share in 2023. Global bone cancer drugs market is expected to witness significant growth in the near future due to high prevalence of bone cancer, favorable health reimbursement, and increased awareness. Increasing prevalence of neurological disorders is contributing to growth of the bone cancer drugs market in North America region. For instance, in June 2021, according to the American Cancer Society, approximately 3,970 new cases diagnosed (2,160 in males; 1,810 in females) and approximately 2,140 deaths (1,200 in males; 940 in females) in the year 2021 of bone cancers were reported in the U.S. Moreover, according to the same source, about 1,000 new cases of osteosarcoma are diagnosed in the U.S.each year.
Global Bone Cancer Drugs Market– Impact of Coronavirus (COVID-19) Pandemic
Since the COVID-19 virus outbreak in December 2019, the disease spread to over 100 countries across the globe, and the World Health Organization declared it a public health emergency on January 30, 2020.
The coronavirus (COVID-19) pandemic and the consequent lockdowns in various countries across the globe have impacted the financial status of businesses in all sectors. The private healthcare sector is one of the sectors, which has been majorly impacted by the pandemic. The lockdowns in various countries have created an economic burden on the private healthcare sector. Healthcare providers are facing challenges regrading manpower, equipment, consumables, and other resources to ensure safety of patients with other diseases. The COVID-19 pandemic affected the economy in three main ways; 1) by directly affecting the production and demand; 2) by creating disruptions in distribution channels; and 3) through its financial impact on companies and financial markets
However, the COVID-19 pandemic had a mixed impact on the global bone cancer drugs market, owing to reduction in the diagnosis of bone cancer. According to NeoGenomics Laboratories, in July 2021, a company that specializes in cancer genetics testing, that the COVID-19 pandemic had a substantial mixed impact on the company's manufacturing capacity that affected test volumes, volume growth rates, and operational results in 2020 and 2021. Demand for goods fluctuated according to the length and severity of the COVID-19 pandemic. As a result, such variables may cause business disruption, lower revenue, and fewer cancer genetics tests, all of which may have an impact on business, financial situation, and operational performance
Bone Cancer Drugs Market Report Coverage
Report Coverage | Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 1,286.4 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 to 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.2% | 2030 Value Projection: | US$ 1,830.6 Mn |
Geographies covered: |
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Segments covered: |
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Companies covered: |
Advaxis, Inc., Cellectar Biosciences, Inc., OPKO Health, Inc., Pfizer Inc., Amgen Inc., Novartis AG, Eli Lilly and Company, Debiopharm Group, Merck & Co, Bayer AG, Bristol-Myers Squibb Company, Takeda Pharmaceutical, F. Hoffmann-La Roche Ltd and Teva Pharmaceutical |
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Growth Drivers: | Increasing prevalence of bone cancer Increasing funding and investments by market players |
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Restraints & Challenges: |
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Global Bone Cancer Drugs Market- Segmentation
Global bone cancer drugs market is segmented into by drug type, by disease indication, by distribution channel ,and by region.
- By drug type, the market is segmented into antimetabolites, anthracyclines, antibiotics, and others (RANK ligand inhibitors, etc.). Out of which, the antimetabolites, segment is expected to hold a dominant position in the global bone cancer drugs market during the forecast period due to increasing research and development for the novel drug development.
- By disease indication, the market is segmented into multiple myeloma, osteosarcoma, chondrosarcoma and ewing’s sarcoma. Out of which, multiple myeloma is expected to dominate the market over the forecast period due to increasing prevalence of multiple myeloma across the globe.
- By distribution channel, the market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. Out of which, hospital pharmacies, is expected to dominate the market over the forecast period as easy avbailability of the drugs which can prompt the treatment that can lead to proper recovery.
Among all the segmentation, the disease indication segment is expected to dominate the market over the forecast period due to increasing prevalence of the diseases such as multiple myeloma and others
Global Bone Cancer Drugs Market- Cross Sectional Analysis
Key players are manufacturing bone cancer drugs with advanced technology emerging economies, this is expected to boost demand for bone cancer drugs in North America region. For instance, in February 2023, Pfizer Inc., a global pharmaceutical company, announced that U.S. Food and Drug Administration (FDA) had approved the company's Biologics License Application (BLA) for elranatamab, a bispecific antibody (BsAb) to the B-cell maturation antigen (BCMA) to CD3, indicated for the treatment of patients indicated with relapsed or refractory multiple myeloma (RRMM).
Global Bone Cancer Drugs Market: Key Developments
On August 10, 2023, Johnson & Johnson Private Limited, a pharmaceutical company, announced that the U.S. Food and Drug Administration (FDA) had granted accelerated approval for TALVEY (talquetamab-tgvs), a first-in-class bispecific antibody for the treatment of adult patients with relapsed or refractory multiple myeloma who have received at least four prior lines of therapy including a proteasome inhibitor, an immunomodulatory agent, and an anti-CD38 antibody
In November 2021, Pfizer Inc., a pharmaceutical company, announced the acquisition of Trillium Therapeutics Inc., a clinical stage oncology company, to develop innovative therapies for the treatment of cancer
In January 2021, FUJIFILM Holdings Corporation, a Japan-based multinational conglomerate, announced the launch of medical screening service business in India and other emerging countries in regions such as Southeast Asia, Middle East and Africa for the detection of various types of cancers such as bone cancer, lung cancer, breast cancer, cervical cancer, and others
In October 2020, Johnson & Johnson Private Limited, a global pharmaceutical company, announced that it had compelted the acquisition of Momenta Pharmaceuticals, Inc., a pharmaceutical company, to provide further upside potential for various diseases such as infectious diseases and vaccines, neuroscience, oncology, and pulmonary hypertension.
Global Bone Cancer Drugs Market: Key Trends
- Increasing acquisition for the novel drug development: Increasing adoption of inorganic growth strategies such as acquisition in order to develop novel treatment methods for the bone cancer expected to drive the global bone cancer drugs market growth over the forecast period. For instance, in April 2022, GSK plc., global pharmaceutical company, announced the acquisition of Sierra Oncology, Inc., a late stage pharmaceutical company. GSK plc. acquired Sierra Oncology for US$ 1.9 billion, that an experimental drug for the development valuable new treatment for a type of bone marrow cancer.
Global Bone Cancer Drugs Market: Restraint
- High Cost of Bone Cancer Treatment : The high cost of bone cancer treatment can be a significant restraining factor for the bone cancer drugs market. The cost of diagnosing and staging bone cancer can be high, as it often involves a range of tests and imaging procedures. All of these factors can contribute to the high cost of bone cancer treatment, which may be a significant barrier for patients seeking treatment. As a result, the high cost of bone cancer treatment can limit access to care and impact on the overall market.
Global Bone Cancer Drugs Market - Key Players
Major players operating in the global bone cancer drugs market include Advaxis, Inc., Cellectar Biosciences, Inc., OPKO Health, Inc., Pfizer Inc., Amgen Inc., Novartis AG, Eli Lilly and Company, Debiopharm Group, Merck & Co, Bayer AG, Bristol-Myers Squibb Company, Takeda Pharmaceutical, F. Hoffmann-La Roche Ltd, and Teva Pharmaceutical.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Drug Type
- Market Snippet, By Disease Indication
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
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- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Market Trends
- Regulatory Scenario
- New Product Launches/Approvals
- Merger, Acquisition and Collaboration Scenario
- PEST Analysis
- PORTER’s Analysis
- Market Dynamics
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- Global Bone Cancer Drugs Market – COVID-19 Impact Analysis
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- Economic Impact
- COVID-19 Epidemiology
- Impact on Supply and Demand
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- Global Bone Cancer Drugs Market, By Drug Type, 2023– 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023–2030
- Segment Trends
- Antimetabolites
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 – 2030, (US$ Mn)
- Anthracyclines
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 – 2030, (US$ Mn)
- Antibiotics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 – 2030, (US$ Mn)
- Others (RANK ligand inhibitors, etc.)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023– 2030, (US$ Mn)
- Introduction
- Global Bone Cancer Drugs Market, By Disease Indication, 2023 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018–2030
- Segment Trends
- Multiple Myeloma
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023– 2030, (US$ Mn)
- Osteosarcoma
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023– 2030, (US$ Mn)
- Chondrosarcoma
- Introduction
- Ewing’s Sarcoma
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018 – 2030, (US$ Mn)
- Introduction
- Global Bone Cancer Drugs Market, By Distribution Channel, 2023 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023–2030
- Segment Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 – 2030, (US$ Mn)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023 – 2030, (US$ Mn)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2023– 2030, (US$ Mn)
- Introduction
- Global Bone Cancer Drugs Market, By Region, 2023 – 2030, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Region, 2023–2030
- Segment Trends
- North America
- Market Size and Forecast,and Y-o-Y Growth, By Drug Type, 2023 –2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Disease Indication, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023–2030, (US$ Mn)
- U.S.
- Canada
- Europe
- Market Size and Forecast, and Y-o-Y Growth, By Drug Type, 2023 –2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Disease Indication, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023–2030, (US$ Mn)
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, and Y-o-Y Growth, By Drug Type, 2023 –2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Disease Indication, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023–2030, (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Market Size and Forecast, and Y-o-Y Growth, By Drug Type, 2023 –2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Disease Indication, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023–2030, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Market Size and Forecast, and Y-o-Y Growth, By Drug Type, 2023 –2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Disease Indication, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2023–2030, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, and Y-o-Y Growth, By Drug Type, 2023 –2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Disease Indication, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2023–2030, (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Sub-region, 2023–2030, (US$ Mn)
- North Africa
- Central Africa
- South Africa
- Introduction
- Competitive Landscape
- Company Profiles
- Advaxis, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Cellectar Biosciences, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- OPKO Health, Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Pfizer Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Amgen Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Novartis AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Eli Lilly and Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Debiopharm Group
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Merck & Co
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Bayer AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Bristol-Myers Squibb Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Takeda Pharmaceutical
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- F. Hoffmann-La Roche Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Teva Pharmaceutical
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Overview
- Strategies
- Analyst Views
- Advaxis, Inc.
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
*Browse 36 market data tables and 26 figures on “Global Bone Cancer Drugs Market” – Global forecast to 2030
Detailed Segmentation:
- Global Bone Cancer Drugs Market, By Drug Type:
- Antimetabolites
- Anthracyclines
- Antibiotics
- Others (RANK ligand inhibitors, etc.)
- Global Bone Cancer Drugs Market, By Disease Indication:
-
- Multiple Myeloma
- Osteosarcoma
- Chondrosarcoma
- Ewing’s Sarcoma
- Global Bone Cancer Drugs Market, By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Global Bone Cancer Drugs Market, By Region:
-
- North America
- By Drug Type
- Antimetabolites
- Anthracyclines
- Antibiotics
- Others (RANK ligand inhibitors, etc.)
- By Disease Indication
- Multiple Myeloma
- Osteosarcoma
- Chondrosarcoma
- Ewing’s Sarcoma
- By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country
- U.S.
- Canada
- By Drug Type
- Latin America
- By Drug Type
- Antimetabolites
- Anthracyclines
- Antibiotics
- Others (RANK ligand inhibitors, etc.)
- By Disease Indication
- Multiple Myeloma
- Osteosarcoma
- Chondrosarcoma
- Ewing’s Sarcoma
- By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- By Drug Type
- Europe
- By Drug Type
- Antimetabolites
- Anthracyclines
- Antibiotics
- Others (RANK ligand inhibitors, etc.)
- By Disease Indication
- Multiple Myeloma
- Osteosarcoma
- Chondrosarcoma
- Ewing’s Sarcoma
- By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- By Drug Type
- Asia Pacific
- By Drug Type
- Antimetabolites
- Anthracyclines
- Antibiotics
- Others (RANK ligand inhibitors, etc.)
- By Disease Indication
- Multiple Myeloma
- Osteosarcoma
- Chondrosarcoma
- Ewing’s Sarcoma
- By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- By Drug Type
- Middle East
- By Drug Type
- Antimetabolites
- Anthracyclines
- Antibiotics
- Others (RANK ligand inhibitors, etc.)
- By Disease Indication
- Multiple Myeloma
- Osteosarcoma
- Chondrosarcoma
- Ewing’s Sarcoma
- By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country
- GCC
- Israel
- Rest of Middle East
- By Drug Type
- Africa
- By Drug Type
- Antimetabolites
- Anthracyclines
- Antibiotics
- Others (RANK ligand inhibitors, etc.)
- By Disease Indication
- Multiple Myeloma
- Osteosarcoma
- Chondrosarcoma
- Ewing’s Sarcoma
- By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- By Country/Region
- South Africa
- Central Africa
- North Africa
- By Drug Type
- North America