The Pancreatic Cancer Drugs Market is segmented, By Drug Type (Abraxane (Paclitaxel Albumin-stabilized Nanoparticle Formulation), Afinitor (Everolimus), Erlotinib Hydrochloride, Everolimus, 5-FU (Fluorouracil Injection), Fluorouracil Injection, Gemcitabine Hydrochloride, Other), Cancer Type (Endocrine Pancreatic Cancer, Exocrine Pancreatic Cancer), End-User (Hospitals, Clinics), and Region – COVID-19 Impact Analysis and Forecast to 2026.
What is pancreatic cancer?
Pancreatic cancer is defined as a kind of cancer that happens within the tissues of the pancreas. The pancreas is found behind the stomach and it aids in digestion by producing enzymes needed by the body to digest fats, proteins, and carbohydrates. Supported type, pancreatic cancer may be categorized as Abraxane (paclitaxel albumin-stabilized nanoparticle formulation), Afinitor (everolimus), erlotinib hydrochloride, everolimus, and 5-fu (fluorouracil injection) among others.
Key players operating in the pancreatic cancer drugs market are-
- Eli Lilly and Company (US)
- Celgene Corporation (US)
- F. Hoffmann-La Roche AG (Switzerland)
- Novartis International AG (Switzerland)
- Clovis Oncology (US)
- Amgen Inc. (US)
- The Merck Group (Germany)
- Teva Pharmaceutical Industries Ltd. (Israel)
- Pfizer Inc. (US)
- PharmaCyte Biotech, Inc. (US).
The growth of the pancreatic cancer drugs market is primarily driven by rising incidences of pancreatic cancer due to obesity, high consumption of alcohol, and smoking. Expanding geriatric population is likely to drive the market growth further. It can also occur as a result of a family history of pancreatitis mutation. In addition to this, increasing investment in research and development activities to develop advanced diagnostic solutions is likely to create lucrative opportunities for the players operating in the global pancreatic cancer drugs market in the coming years. However, the high treatment cost is likely to affect the growth of the pancreatic cancer diagnostic market.
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