Asia Pacific Cancer Therapeutics Market Report (2021-2031) by Scope, Segmentation, Dynamics, and Competitive Analysis
No. of Pages: 150 | Report Code: BMIRE00031440 | Category: Life Sciences
No. of Pages: 150 | Report Code: BMIRE00031440 | Category: Life Sciences
The Cancer Therapeutics Market size is expected to reach US$ 129,653.04 million by 2031 from US$ 47,712.99 million in 2024. The market is estimated to record a CAGR of 15.4% from 2025 to 2031.
Cancer rates are escalating in these countries due to the rapidly aging population; increasing life expectancy; and lifestyle changes such as poor diet, smoking, and lack of physical activity. In 2023, the region accounted for a significant share of the global cancer incidence, recording a large number of new breast, lung, colorectal, and stomach cancer cases. The growth of healthcare infrastructure, coupled with access to advanced treatment options, is one of the key factors driving the market growth in this region. The rise of biosimilars as more affordable alternatives to expensive biologic drugs helps expand the accessibility of cancer treatments in Asia Pacific.
Key segments that contributed to the derivation of the cancer therapeutics market analysis are therapy type, indication, and distribution channel.
The rising drug approvals is fueling the growth in countries in Asia Pcific region. The Japanese Ministry of Health, Labor, and Welfare approved fam-trastuzumab deruxtecan-nxki in March 2023 to treat adult patients with HER2-low unresectable or recurrent breast cancer following chemotherapy. Similarly, in September 2024, Japan's Ministry of Health, Labour, and Welfare (MHLW) granted approval for Fruzaqla (fruquintinib) to treat patients with unresectable metastatic colorectal cancer (mCRC) who have shown disease progression after chemotherapy. This regulatory decision represents the first new targeted therapy approved for mCRC in Japan in over a decade, irrespective of biomarker status.
According to the Commonwealth of Australia report, in May 2023, the Minister of Health and Aged Care announced a plan to invest US$ 263.8 million to implement a National Lung Cancer Screening Program during 2023–2024, which will be followed by its commencement by July 2025. This program is co-designed with the First National Health Sector, and it is expected to maximize the treatment, prevention, and early detection of lung cancer, thus preventing over 500 lung cancer deaths annually. Such efforts allow for the development of advanced therapies and treatments for cancer patients in Australia.
Based on region, Asia Pacific cancer therapeutics market is further segmented into China, Japan, India, South Korea, Australia, and the Rest of Asia Pacific. China held the largest share in 2024.
As one of the most populous countries in the world, China is facing a growing cancer burden, and the incidence of cancer continues to rise. According to the World Health Organization (WHO), ~4.5 million new cancer cases and 3 million deaths due to cancer were reported in China in 2020. The WHO estimates indicate that approximately seven people are diagnosed with cancer and four die due to cancer in the country every minute. The most common types of cancer diagnosed are lung cancer, stomach cancer, breast cancer, thyroid cancer, and leukemia.
The development of new and more effective therapies has significantly improved patient outcomes and survival rates, leading to a growing demand for these treatments. For instance, in July 2023, AstraZeneca and Daiichi Sankyo's Enhertu (trastuzumab deruxtecan) was approved in China as a monotherapy for the treatment of adult patients with unresectable or metastatic HER2-low (IHC 1+ or IHC 2+/ISH-) breast cancer who have received prior systemic therapy in the metastatic setting or developed disease recurrence during or within 6 months of completing adjuvant chemotherapy
| Report Attribute | Details |
|---|---|
| Market size in 2024 | US$ 47,712.99 Million |
| Market Size by 2031 | US$ 129,653.04 Million |
| Global CAGR (2025 - 2031) | 15.4% |
| Historical Data | 2021-2023 |
| Forecast period | 2025-2031 |
| Segments Covered |
By Therapy Type
|
| Regions and Countries Covered | Asia Pacific
|
Astellas Pharma Inc; Eli Lilly and Co; Novartis AG; Merck KGaA.; Johnson & Johnson; AstraZeneca; Pfizer Inc; Bristol Myers Squibb; F. Hoffmann-La Roche Ltd; and AbbVie Inc are among the key players operating in the market. These players adopt strategies such as expansion, product innovation, and mergers and acquisitions to stay competitive in the market and offer innovative products to their consumers.
The following methodology has been followed for the collection and analysis of data presented in this report:
The research process begins with comprehensive secondary research, utilizing both internal and external sources to gather qualitative and quantitative data for each market. Commonly referenced secondary research sources include, but are not limited to:
Note:
All financial data included in the Company Profiles section has been standardized to US$. For companies reporting in other currencies, figures have been converted to US$ using the relevant exchange rates for the corresponding year.
The Insight Partners conducts a significant number of primary interviews each year with industry stakeholders and experts to validate and analyze the data and gain valuable insights. These research interviews are designed to:
Primary research is conducted via email interactions and telephone interviews with industry experts across various markets, categories, segments, and sub-segments in different regions. Participants typically include:
The Asia Pacific Cancer Therapeutics Market is valued at US$ 47,712.99 Million in 2024, it is projected to reach US$ 129,653.04 Million by 2031.
As per our report Asia Pacific Cancer Therapeutics Market, the market size is valued at US$ 47,712.99 Million in 2024, projecting it to reach US$ 129,653.04 Million by 2031. This translates to a CAGR of approximately 15.4% during the forecast period.
The Asia Pacific Cancer Therapeutics Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Cancer Therapeutics Market report:
The Asia Pacific Cancer Therapeutics Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Cancer Therapeutics Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Cancer Therapeutics Market value chain can benefit from the information contained in a comprehensive market report.
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