According to the National Cancer Institute, cancer is among the leading causes of death worldwide, which accounted for around 14 million new cases and 8.2 million cancer-related deaths in 2012. The number of new cancer cases is projected to rise to 22 million in near future. The major competitors are focused on developing efficient treatment for specific type of cancer which is expected to be a prominent factor to augment the Global Oncology Drugs Market.
Top 5 company described for competitive analysis in detail:
Roche is a world leader in oncology, which is engaged in developing new approaches for advanced cancer treatment. Roche operates in two segments, which includes pharmaceuticals and diagnostics with annual sales of US$ 39.1 Bn and US$ 11.5 Bn respectively. Roche is at the forefront of cancer immunotherapy with ten investigational drug candidates currently in the clinical development phase.
Johnson and Johnson operates in three business segments namely consumer, pharmaceutical and medical devices. The business of Johnson & Johnson is conducted by more than 230 operating companies located in 60 countries worldwide. In 2016, the company has invested around US$ 9.1 Bn in research and development activities.
Pfizer, Inc. develops oncology therapies that provide maximum efficacy while minimizing adverse effects on the patient. The current portfolio of oncology drugs covers a range of cancers. The company studies these therapies alone and in combination with other treatments to improve the lives of cancer patients. Pfizer’s overall strategy is anchored on innovation for developing new medicines and vaccines through collaborations and business relationships which is expected to bolster the oncology drugs market.
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Novartis’s aims to develop approaches for extending the lives of people suffering from cancer, by adopting the strategy to use science-based innovation for delivering better patient outcomes in growing areas of healthcare. Novartis operates in two business segments namely Novartis Oncology and Novartis Pharmaceuticals, which together form Innovative Medicines Division.
Sanofi operates through two business segments namely pharmaceuticals and vaccines. Sanofi gains insights through its network of collaborations with biotech companies such as Immunogen and Evotec, academic cancer centers such as Institut Gustave Roussy, Institut Curie, and the Dana Farber Cancer Institute, enabling superior use of software, analytics, and new technology, which helps to increase its productivity, maximize return on R&D investment, and accelerate the development of new products. Sanofi Oncology has a large number of collaborations and alliances to support its R&D portfolio.
Novel and targeted oncology drugs manufactured by the major competitors in oncology drug market are geared towards the treatment of specific type of cancer with premium prices, without generic competition from the competitors, as these biologic treatments have an enhanced patent protection.
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