Tuesday, 02 January 2024 12:17 GMT

Anticancer Drugs Market Set To Expand At 9.14% CAGR, Reaching USD 401.32 Billion By 2034


(MENAFN- GlobeNewsWire - Nasdaq) The global anticancer drugs market size is calculated at USD 182.37 billion in 2025 and is expected to reach around USD 401.32 billion by 2034, growing at a CAGR of 9.14% for the forecasted period.

Ottawa, Nov. 21, 2025 (GLOBE NEWSWIRE) -- The global anticancer drugs market

The growth is driven by the increasing incidence of cancer, advancements in targeted therapies like immunotherapies and monoclonal antibodies, and government support for R&D.

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Key Takeaways

  • North America held a major revenue share of approximately 40% in the anticancer drugs market in 2024.
  • Asia-Pacific is expected to witness the fastest growth during the predicted timeframe.
  • By drug class/modality, the chemotherapy segment registered its dominance over the global market with a share of approximately 35% in 2024.
  • By Drug class/modality, the targeted therapy segment is expected to grow with the highest CAGR in the market during the studied years.
  • By route of administration, the intravenous (IV) segment held the largest revenue share of approximately 55% in the market in 2024.
  • By route of administration, the oral segment is expected to show the fastest growth over the forecast period.
  • By cancer type/indication, the breast cancer segment held a dominant presence in the anticancer drugs market with a share of approximately 22% in 2024.
  • By cancer type/indication, the haematological cancers segment is expected to witness the fastest growth in the market over the forecast period.

Market Overview & Potential

The anticancer drugs market is mainly driven by the increasing rate of cancers, the growing elderly population, and the rising need for advanced treatments that boost survival rates and quality of life. Anti-cancer drugs also called oncology drugs personalised medicine are broadening the effectiveness

Quick Facts Table

Table Scope
Market Size in 2025 USD 182.37 Billion
Projected Market Size in 2034 USD 401.32 Billion
CAGR (2025 - 2034) 9.14 %
Leading Region North America
Market Segmentation By Drug Class / Modality, By Route of Administration, By Cancer Type / Indication, By Region
Top Key Players Roche/Genentech, Novartis, Pfizer, Merck & Co. (MSD), Bristol Myers Squibb (BMS), AstraZeneca, Johnson & Johnson/Janssen, Sanofi, Amgen, Eli Lilly & Co., Takeda, BeiGene, Regeneron, Bluebird Bio, Seagen, Moderna, Genmab, Incyte, Exelixis, Hutchmed / Chi-Med

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What is the Growth Potential Responsible for The Growth of The Anticancer Drugs Market?

The main drivers of the anticancer drugs market include the rising global incidence of cancer, advancements in R&D leading to new therapies like targeted therapies

What Are the Growing Trends Associated with the Anticancer Drugs Market?

Growth of immunotherapy: Immunotherapy, including checkpoint inhibitors like PD-1/PD-L1, is becoming a mainstream treatment option across various solid tumours due to its strong efficacy.

Increasing importance of biosimilars: Biosimilars are growing in popularity

Focus on personalised medicine: Advances in diagnostics and research are enabling oncologists to tailor treatments based on a patient's specific cancer profile, leading to better outcomes and driving demand for personalised drugs.

Market expansion and partnerships: The market is expanding globally, with significant growth expected in both developed and emerging economies. Pharmaceutical companies are also actively engaging

Development of novel drugs: Companies are investing heavily in R&D for new drugs with different mechanisms of action, which is a major opportunity for market growth. This includes research into areas like targeted protein degraders and radiopharmaceuticals

What Is the Growing Challenge in the Anticancer Drugs Market?

Challenges in the anticancer drugs market include high research and development (R&D) costs, long development times, and low success rates. Other major obstacles are the high cost of drugs leading to reimbursement and access issues, the development of drug resistance, and biological complexities like tumour heterogeneity. Regulatory, supply chain, and logistical issues, such as drug shortages, also create significant challenges for the market.

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Clinical Trial for Anticancer Drugs

Trial ID Therapy Cancer Type Objective Status
NCT05257408 Relacorilant Ovarian Cancer Evaluate efficacy in platinum-resistant cases NDA submitted
NCT05257408 Decitabine + Venetoclax Acute Myeloid Leukemia Assess safety and efficacy in newly diagnosed patients ineligible for intensive chemotherapy. NDA accepted
NCT05257408 Pembrolizumab Head and Neck Cancer Evaluate as perioperative therapy FDA approved
NCT05257408 Encora + Cetuximab Colorectal Cancer Assess efficacy in BRAF-mutated metastatic cases FDA approved
NCT05257408 Niraparib Prostate Cancer Evaluate in combination with hormone therapy Phase 3 completed
NCT05257408 Zepzelca + Tecentriq Small Cell Lung Cancer Assess as first-line maintenance therapy FDA approved
NCT05257408 Sonrotoclax Blood Cancer Evaluate as an alternative to Venclexta Regulatory review ongoing
NCT05257408 BGB-43395 Breast Cancer Evaluate as CDK4-specific therapy Early-phase trial
NCT05257408 GLSI-100 HER2-Positive Breast Cancer Evaluate patients with the HLA-A*02 genotype Fast track designation
NCT05257408 Tabelecleucel EBV+ PTLD Assess efficacy in Phase 3 trial FDA resubmission
NCT05257408 Avmapki Fakzynja Co-Pack Ovarian Cancer Evaluate in KRAS-mutated recurrent cases Approved
NCT05257408 Imaavynipocalimab-aahu Myasthenia Gravis Assess efficacy Approved
NCT05257408 Relacorilant Ovarian Cancer Evaluate in platinum-resistant cases NDA submitted
NCT05257408 Decitabine + Venetoclax Acute Myeloid Leukemia Assess safety and efficacy in newly diagnosed patients ineligible for intensive chemotherapy. NDA accepted
NCT05257408 Pembrolizumab Head and Neck Cancer Evaluate as perioperative therapy FDA approved
NCT05257408 Encora + Cetuximab Colorectal Cancer Assess efficacy in BRAF-mutated metastatic cases FDA approved
NCT05257408 Niraparib Prostate Cancer Evaluate in combination with hormone therapy Phase 3 completed
NCT05257408 Zepzelca + Tecentriq Small Cell Lung Cancer Assess as first-line maintenance therapy FDA approved
NCT05257408 Sonrotoclax Blood Cancer Evaluate as an alternative to Venclexta Regulatory review ongoing
NCT05257408 BGB-43395 Breast Cancer Evaluate as CDK4-specific therapy Early-phase trial
NCT05257408 GLSI-100 HER2-Positive Breast Cancer Evaluate patients with the HLA-A*02 genotype Fast track designation
NCT05257408 Tabelecleucel EBV+ PTLD Assess efficacy in Phase 3 trial FDA resubmission
NCT05257408 Avmapki Fakzynja Co-Pack Ovarian Cancer Evaluate in KRAS-mutated recurrent cases Approved
NCT05257408 Imaavynipocalimab-aahu Myasthenia Gravis Assess efficacy Approved

Regional Analysis

How Did North America Dominate the Anticancer Drugs Market In 2024?

North America held a major revenue share of approximately 40% in the anticancer drugs market in 2024. The North American anticancer drugs market is a large and growing sector, driven by the increasing incidence of cancer and a rise in demand for advanced therapies like targeted treatments and immunotherapies. Key factors influencing market expansion include advancements in drug discovery

What Made the Asia Pacific Significantly Grow in The Anticancer Drugs Market In 2024?

Asia-Pacific is expected to witness the fastest growth during the predicted timeframe. The Asia Pacific (APAC) anticancer drugs market is rapidly expanding, driven by a high cancer prevalence, a large population, and improving healthcare infrastructure. Key factors fueling growth include advancements in targeted and immunotherapy treatments, increased awareness and government initiatives for early diagnosis, and a rise in investments in pharmaceutical research and development in countries like China and Japan.

Segmental Insights

By drug class/modality,

The chemotherapy segment registered its dominance over the global market with a share of approximately 35% in 2024. Chemotherapy remains one of the most widely used cancer treatment modalities, employing cytotoxic agents that target rapidly dividing cells. Despite the rise of targeted and immunotherapies, chemotherapy continues to be essential in early-stage cancers

The targeted therapy segment is expected to grow with the highest CAGR in the market during the studied years. Targeted therapies act on specific molecular pathways, improving treatment outcomes with fewer adverse effects compared to traditional chemotherapy. This segment includes kinase inhibitors, monoclonal antibodies

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By route of administration,

The intravenous (IV) segment held the largest revenue share of approximately 55% in the market in 2024. Intravenous administration is the dominant route for hospital-based oncology treatments due to its high bioavailability and rapid therapeutic action. It is preferred for potent chemotherapeutics, monoclonal antibodies, and combination regimens. Increasing cancer treatment centres, infusion clinics, and complex biologic therapies continue to support the demand for IV anticancer drug delivery.

The oral segment is expected to show the fastest growth over the forecast period. Oral anticancer drugs are increasingly adopted for patient convenience, reduced hospital visits, and improved quality of life. This segment includes targeted therapies, hormone therapies, and certain chemotherapies formulated for long-term outpatient use. The growing development of orally available kinase inhibitors and rising preference for at-home cancer management continue to strengthen this segment.

By cancer type/indication,

The breast cancer segment held a dominant presence in the anticancer drugs market with a share of approximately 22% in 2024. Breast cancer is one of the largest oncology drug segments, driven by high global prevalence and expanding use of targeted therapies such as HER2 inhibitors and CDK4/6 inhibitors. Continuous innovation, including antibody drug conjugates

The haematological cancers segment is expected to witness the fastest growth in the market over the forecast period. Haematological cancers, including leukaemia, lymphoma, and multiple myeloma expanding cell and gene therapy pipelines

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Recent Developments

  • On October 2, 2025, the approved the combination of lurbinectedin (Zepzelca) and atezolizumab (Tecentriq) for maintenance treatment in adults with extensive-stage small cell lung cancer (ES-SCLC) whose disease has not progressed after first-line induction therapy. This combination aims to improve survival outcomes in this patient group.
  • In October 2025, AstraZeneca and Daiichi Sankyo announced that their precision drug, Datroway, improved survival prospects in patients with advanced breast cancer in a late-stage trial. This development paves the way for broader approvals and potential market expansion.
  • On September 19, 2025, the U.S. FDA approved pembrolizumab and berahyaluronidase alfa-pmph (Keytruda Qlex) for subcutaneous injection in adult and pediatric patients aged 12 years and older with solid tumour indications previously treated with intravenous pembrolizumab. This approval offers a more convenient administration option for patients.
  • In September 2025, AbbVie launched its ovarian cancer drug, Elahere, in the UK at a list price matching that in the U.S. This strategic move aims to expand the drug's availability and accessibility to patients in the UK.

Anticancer Drugs Market Key Players List

  • Roche/Genentech - biologics, targeted therapies, mAbs
  • Novartis - targeted therapies, kinase inhibitors, CAR-T
  • Pfizer - small-molecule and immunotherapy
  • Merck & Co. (MSD) - checkpoint inhibitors, vaccines
  • Bristol Myers Squibb (BMS) - immunotherapies, CAR-T
  • AstraZeneca - targeted therapies, antibody-drug conjugates
  • Johnson & Johnson/Janssen - hematologic and solid tumour therapies
  • Sanofi - biologics and combination cancer therapies
  • Amgen - biologics, targeted therapies, biosimilars
  • Eli Lilly & Co. - small-molecule oncology drugs
  • Takeda - targeted therapies and haematology
  • BeiGene - innovative oncology biologics and immunotherapy
  • Regeneron - monoclonal antibodies
  • Bluebird Bio - cell & gene therapy
  • Seagen - antibody-drug conjugates
  • Moderna - mRNA-based cancer vaccines
  • Genmab - monoclonal antibody development
  • Incyte - kinase inhibitors and immuno-oncology
  • Exelixis - small-molecule oncology
  • Hutchmed / Chi-Med - China-based oncology therapeutics

Value Chain Analysis

R&D

R&D in anti-cancer drugs begins with target identification and compound screening, followed by preclinical testing to evaluate safety and efficacy. Formulation development and optimization prepare promising compounds for clinical trials. Key organizations involved include Roche, Novartis, Pfizer, AstraZeneca, and Bristol-Myers Squibb.

Clinical Trials & Approval

Clinical trials start with Phase I to assess safety, Phase II to determine efficacy, and Phase III for large-scale validation. Successful trials lead to regulatory submission and approval. Major organizations include the National Cancer Institute (NCI), the American Cancer Society (ACS), Roche, Novartis, and Pfizer.

Patient Support and Service

Patient support involves awareness programs, counseling, and financial assistance, followed by adherence monitoring and post-treatment care to improve outcomes. Key organizations providing these services include CancerCare, American Cancer Society, local hospital networks, and oncology clinics.

Top Vendors in Anticancer Drugs Market & Their Offerings:

Roche

Key Offerings:

  • Herceptin – Targets HER2-positive breast cancer.
  • Avastin – Inhibits angiogenesis in various cancers.
  • Tecentriq – PD-L1 inhibitor for multiple cancer types.
  • Recent Developments: In 2025, Roche's anti-cancer drug Atezolizumab received CDSCO panel approval for metastatic triple-negative breast cancer in India.

Novartis

Key Offerings:

  • Kymriah – CAR-T cell therapy for certain leukemias.
  • Kisqali – CDK4/6 inhibitor for HR-positive breast cancer.
  • Recent Developments: In 2025, Novartis announced the launch of Kisqali Plus, an enhanced formulation of Kisqali, showing improved efficacy and reduced side effects in early-stage breast cancer patients.

Pfizer

Key Offerings:

  • Ibrance – CDK4/6 inhibitor for HR-positive breast cancer.
  • Xalkori – ALK inhibitor for non-small cell lung cancer (NSCLC).
  • Recent Developments: In 2025, Pfizer received FDA approval for Xalkori XR, an extended-release formulation offering improved patient compliance in NSCLC treatment.

Bristol-Myers Squibb (BMS)

Key Offerings:

  • Opdivo – PD-1 inhibitor for various cancers.
  • Yervoy – CTLA-4 inhibitor, often used in combination with Opdivo.
  • Recent Developments: In 2025, BMS entered into an $11 billion partnership with BioNTech to co-develop BNT327, a bispecific antibody targeting two cancer cell receptors simultaneously, currently undergoing over 20 clinical trials.

Merck & Co.

Key Offerings:

  • Keytruda – PD-1 inhibitor for various cancers.
  • Lynparza – PARP inhibitor for ovarian and breast cancers.
  • Recent Developments: In 2025, Merck received FDA approval for Keytruda Qlex, a subcutaneous formulation of Keytruda, offering patients a more convenient administration option.

AstraZeneca

Key Offerings:

  • Tagrisso – EGFR inhibitor for NSCLC.
  • Lynparza – PARP inhibitor for ovarian and breast cancers.
  • Recent Developments: In 2025, AstraZeneca's antibody-drug conjugate Datroway showed significant improvement in overall survival in a late-stage breast cancer trial, leading to expectations of broader regulatory approvals.

BeOne Medicines (formerly BeiGene)

Key Offerings:

  • Brukinsa – BTK inhibitor for hematologic cancers.
  • Sonrotoclax – BCL-2 inhibitor under development.
  • Recent Developments: In 2025, BeOne's Brukinsa outperformed competitors with $950 million in sales in Q2, and its BCL-2 inhibitor, sonrotoclax, is under regulatory review in China, with potential U.S. approval by 2027.

Segments Covered in The Report

By Drug Class / Modality

  • Chemotherapy
  • Targeted Therapy
  • Monoclonal Antibodies / Biologics
  • Immunotherapy (Checkpoint inhibitors, CAR-T, TCR therapies)
  • Hormone Therapy
  • Others (Oncolytic viruses, combination therapies, adjuncts)

By Route of Administration

  • Intravenous (IV)
  • Oral
  • Subcutaneous
  • Topical / Localised

By Cancer Type / Indication

  • Breast Cancer
  • Lung Cancer
  • Colorectal Cancer
  • Hematological Cancers (Leukemia, Lymphoma, Myeloma)
  • Prostate Cancer
  • Melanoma & Skin Cancers
  • Other Cancers (Ovarian, Gastric, Liver, etc.)

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait

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