Top 10 Healthcare Trends in 2011 Pharmaceutical Companies Focus More on Oncology Market Owing to Increased utilization of high-cost targeted and long duration therapies Globally, cancer is one of the leading causes of death next only to cardiovascular diseases. The global oncology therapeutics market was estimated at $24.9 billion in 2009 and is expected grow at a Compound Annual Growth Rate (CAGR) of approximately 3.6% between 2009 and 2017 to record a sales value of approximately $33 billion. The moderate CAGR of 3.6% can be attributed to declining cancer incidence rates in the US and in the top five countries in the EU. Few other factors such as restrictive pricing and reimbursement policies, off-label uses of anti-cancer therapies, comparative effectiveness reforms and patent expiry of major blockbuster drugs are expected to affect the growth of the market. For Sample Pages, please click or add the below link to your browser: http://www.gbiresearch.com/RequestSamplePages.aspx?ID=Top-10-Healthcare-Trendsin-2011&Title=Medical_Devices&ReportType=Industry_Report However, the increased use of targeted/personalized therapies such as Herceptin, firsttime innovations such as cancer vaccines and longer treatment periods for growing number of patients, have contributed positively to the growth of this market. With more than 80 molecules in the late-stage development findings of innovative treatment for niche segments and the evolution of new cancer segments, cancer therapeutics market continues to attract investments from pharmaceutical companies. The global pharmaceutical industry is currently witnessing rapid expansion with advances in manufacturing processes, technology innovation and integration. The ever increasing financial woes of the pharmaceutical industry have provided a huge opportunity to contract outsourcing organizations to capitalize on the combined advantage of their expertise and economies of scale. Contract research organizations will emerge as strategic partners for biopharmaceutical companies. The service models of the contract research organizations are evolving to become more functional, where services are outsourced based on the analysis of their core competencies. The drug discovery markets in India and China are set to grow at double digit rates, with rapid developments in the market landscape and changing market dynamics in the global pharmaceutical industry. According to industry experts, India and China typically provide cost advantages of up to 60â€“70% in drug discovery research. Other major benefits include availability of skilled manpower, the scale of available resources to conduct clinical trials and the improved state of intellectual property protection in the two countries.
GBI Research, the leading business intelligence provider, has released its latest report, â€œTop 10 Healthcare Trends in 211â€? that provides key data, information and analysis of the major trends in the biopharmaceutical and medical devices industry. The report provides a comprehensive insight into the ten major trends in biopharmaceutical and medical devices industry in 2010. A detailed analysis of each of the major trends is presented in the report. For further details, please click or add the below link to your browser: http://www.gbiresearch.com/Report.aspx?ID=Top-10-Healthcare-Trends-in2011&ReportType=Industry_Report&coreindustry=ALL&Title=Medical_Devices Visit our report store: http://www.gbiresearch.com For more details contact: email@example.com North America: +1 646 395 5477 Europe: +44 207 753 4299 +44 1204 543 533 Asia Pacific: +91 40 6616 6782
Published on Mar 24, 2011
Pharmaceutical Companies Focus More on Oncology Market Owing to Increased utilization of high-cost targeted and long duration therapies