Global therapeutic market is witnessing lot of activities with many therapies transitioning to phase 3 studies, wherein they are being tested on large group of individuals while many other are awaiting commercial launch. Broadly, on the basis of different human systems and diseases associated with them, therapeutic areas can be segmented into neurological diseases, oncology, gastrointestinal diseases, infectious diseases, cardiovascular diseases, inflammatory diseases and haematological diseases. Of these therapeutic classes, oncology is the biggest revenue generating segment and it is associated with cure of various types of cancers such as lung, stomach, breast, liver, cervical, oesophageal, bladder, colon and prostate. Based on technology, cancer therapeutics market can be segmented into chemotherapy, hormone therapy, biotherapy and radiation therapy.
Spending on medicines for different diseases and therapeutic areas varies significantly between developed and pharmerging markets. Considering the ageing population and obesity in developed countries, diseases like cancer and diabetes are likely to drive the major spending; although, pharmerging market is also expected to witness the same trend in future. In developed markets, speciality pharmaceuticals which are used to treat complex and serious diseases in hospitals, is gaining traction; however, traditional therapy areas are going to drive the overall spending in different therapeutic areas.
Increasing awareness, aging population and growing overall income status & lifestyle in developed and many pharmerging countries are driving the growth of therapeutic areas. Infectious disease therapeutic market has witnessed uptick in recent time majorly due to increase in infectious diseases. Increasing awareness programs and growth of interferon free dosing regimens are some of the new trends emerging in the Infectious disease therapeutics market.
Liver disease therapeutics market growth is majorly expedited by strong drug pipeline and increasing expenditure by pharmaceutical and biotechnology companies.
ASDReport.com provides an extensive coverage on most of the disease & therapeutic areas wherein the reports provide market insights on various diseases and associated treatments like, Alzheimer’s disease, prostate cancer, pain management, infection surveillance, and much more.