Cancer is a class of chronic disease that is characterized by uncontrolled growth of cells. The most common cancer types are breast cancer, lung cancer, colorectal cancer, uterine cancer and thyroid cancer. Oncology drugs market has witnessed a large growth in the recent past, owing to increasing drug approvals and emergence of bio similar products for cancer treatment.
As of 2022, the Global Oncology Drugs Market was valued at U.S$ 119.0 Billion and is expected to witness a CAGR of 12.3% during the year (2022-2030)
Market Players in the Oncology Drugs Industry:
1) Hoffman-La Roche AG
Hoffman-La Roche AG, commonly known as Roche, is a Swiss multinational healthcare company known for operating worldwide. Roche is the fifth largest pharmaceutical company in the world by revenue, and also the leading provider of cancer treatments globally. The company was founded in the year 1896, and the headquarters are located in Basel, Switzerland. The company was founded by Fritz Hoffmann-La Roche.
In March 2021, Roche announced its plans of acquiring GenMark Diagnostics for U.S. $ 1.8 Billion. In September 2021, the company announced it would acquire German Biotech Group, TIB Molbiol.
2) AstraZeneca Plc.
AstraZeneca Plc. Is a multinational pharmaceutical and biotechnology company. The company is known for manufacturing products for major diseases like Oncology, Cardiovascular, Infection, Respiratory and Inflammation. Apart from that, it has also been a part of developing the Oxford-AstraZeneca Covid-19 vaccine. The company was founded in 1999 and the headquarters are located in Cambridge, England, UK.
In July of 2021 AstraZeneca completed the acquisition of Alexion Pharmaceuticals, Inc. In January of 2023, AstraZeneca also announced its plans to acquired CinCor a biopharmaceutical company based in the U.S.
3) Novartis AG
Novartis AG is a Swiss pharmaceutical corporation founded in March 1996 by Johann Rudolf The headquarters are located in Basel Switzerland, Cambridge, The United States of America and Massachusetts. It is one of the largest Pharma based company incorporated. The drugs manufactured are sold worldwide.
In June, 2022 Novartis completed the acquisition of Kedalion Therapeutics and its AcuStream technology.
4) Amgen Inc.
Amgen Inc. (Applied Molecular Genetic Inc.) is a biopharmaceutical company based in America. It is one of the world’s largest biotechnology company. The company was founded in the year 1980 in the 8th of April. The headquarters are located in Thousand Oaks, California, U.S. The company sells its products worldwide and some of them include Aimovig, Enbrel, Prolia, Xgeva, Nplate etc. The company was founded by William K. the company’s largest selling products.
In October Amgen Inc. successfully completed the acquisition of ChemoCentryx, Inc. a biopharmaceutical company.
5) Johnson & Johnson services
Johnson & Johnson is a Pharmaceutical industry and a medical technological industry founded in the year 1886. The company was founded by Robert Wood Johnson, James Wood Johnson, Edward Mead Johnson. Its headquarters are located in New Brunswick, New Jersey, U.S. The company has globally sold products worth $93.8 billion during 2021. The company has 250 subsidiaries.
In December 2022, Johnson & Johnson Completed the acquisition of Abiomed Inc. a medical technology company that provides circulatory and oxygenation support.
6) Merck & C. Inc.
Merck, is a pharmaceutical institution based in America. The company’s headquarters are situated in Rahway, New Jersey. The company gets its name from Merck Group that was established in Germany in the year 1668. In the year 2022 the company ranked 71st in the Fortune 500 companies list. And based on the revenues of 2021 it took the place as 87th in the Forbes Global 2000.
In February, 2021, Merck Animal Health acquired PrognostiX Poultry
7) Bayer AG
Bayer AG is a pharmaceutical and biotechnology company situated in Germany. It is one of the largest Pharma Company in the world. The headquarters are located in Leverkusen, North Rhine- Westphalia, Germany. The company was founded in the year 1863 by Friedrich Bayer. Bayer AG’s first ever manufactured product was acetylsalicylic acid. Since then it has manufactured many more products like heroin, phenobarbital, polyurethanes, however stopped producing them. The area of business is mainly healthcare products for consumers, agricultural chemicals.
In June 2021, Bayer AG completed the acquisition of Noria Therapeutics Inc. and PSMA Therapeutics Inc.
