Non-small cell lung cancer market value in Aisa-Pacific region to touch $2.9 bn by 2019
The GBI Research has reviled that the non-small cell lung cancer (NSCLC) therapeutics market value in the Asia-Pacific (APAC) region — Australia, China, India and Japan — is likely to increase at CAGR of 6.3 per cent during 2012-2019 to $2.9 billion by 2019 from $1.8 billion in 2012. Japan and China had the largest shares of the region’s NSCLC market in 2012, with 48.5 per cent and 41.5 per cent, respectively. Meanwhile, Australia and India had lower shares of 5.9 per cent and 4.1 per cent.
Sravanthi Addapally, senior analyst for GBI Research, says that an ageing population and increasing number of NSCLC incident cases, especially in China and India, will be the main drivers behind the anticipated market growth.
“Additionally, the expected launches of premium-priced novel antibodies and immunotherapies in the first and second lines of therapies, targeting both Squamous and Non-Squamous NSCLC patients, will widen the eligible treatment population. This will ultimately maximize the patient share and provide a boost for the market,” Addapally says.
Currently, the NSCLC pipeline is very strong, with a total of 290 active molecules in development, either as monotherapies or in combination with chemotherapy. Promising candidates in the late-stage clinical trials include second-generation Tyrosine-Kinase Inhibitors, such as Pfizer’s dacomitinib and Boehringer Ingelheim’s Gilotrif. This latter therapy is currently a pre-registration drug in Japan for Epidermal Growth Factor Receptor-positive patients.
“In spite of many expected drug launches, growth in this treatment market is forecast to be marginal due to the dominant generic penetration of NSCLC drugs in India. A complex and lengthy regulatory pathway and limited reimbursement from national insurance programs in China, as well as regular price cuts in Japan, will also hinder further market expansion in the APAC region.” added Addapally.
GBI Research report , NSCLC Therapeutics in Asia-Pacific Markets to 2019 - Personalized Therapies Focus on Untapped Segment of Squamous Cell Carcinoma to Expand Treatment Pool, analyzes the non-small cell lung cancer (NSCLC) treatment usage patterns, market characterization, pipeline analysis and key licensing and co-development deals in Australia, China, India and Japan. This report was built using data and information sourced from proprietary databases, primary and secondary research, and in-house analysis conducted by GBI Research’s team of industry experts.