This report presents a strategic analysis of the Africa Oncology Therapeutics Market and a forecast for its development in the medium and long term. It provides a broad overview of the market dynamics, trends and insights, growth drivers and restraints, segmentation, competitive landscape, healthcare policies and regulatory framework, reimbursement scenario, challenges and future outlook. This is one of the most comprehensive reports about the Africa Oncology Therapeutics Market, offering unmatched value, accuracy and expert insights.
Africa is the second-largest continent in terms of land and population, after Asia. It covers one-fifth of the planet's land area and is home to 14% of the world's inhabitants. It is rapidly growing and improving in every field, and the world's attention is steadily shifting to the continent over time.
Recognized as one of the most diversified lands, Africa is home to a population that comes from different nationalities, identities and cultures. Diversity is in the very nature of Africa and this is exactly what makes it complicated to provide quality healthcare. Furthermore, healthcare providers face difficulties such as inconsistent development, a lack of infrastructure, and overall healthcare resource education and development. A noticeable difference in healthcare facilities, as well as brain drain as experienced healthcare personnel, leave Africa in search of a higher standard of living. Revenue in the Health Care segment is projected to reach US$664.20m in 2022. Revenue is expected to show an annual growth rate (CAGR 2022-2025) of 17.04%, resulting in a projected market volume of US$1,065.00m by 2025In the Health Care segment, the number of users is expected to amount to 137.1m users by 2025.
The pharmaceutical industry covers all aspects of medication research, development, production, and distribution. Pharma revenues worldwide reached $1.42 trillion in 2021 due to the market's rapid growth over the previous two decades. With the introduction of new technology as well as more economical and effective manufacturing techniques, the industry has experienced a significant transition. Additionally, the market growth has been positively driven by rising investment flow in this sector.
Cancer therapy refers to the process of halting or slowing the growth of tumors that are causing cancer in the patient's body. It emphasizes the alterations that take place in cancer cells. Surgery, radiation, and chemotherapy are all progressively added. There are various cancer treatments and therapy applications, depending on the stage and type of the disease.
The global Oncology Therapeutics market is estimated to be valued at US$ 0.286 Bn in 2021 and is expected to exhibit a CAGR of 8.2% over the forecast period (2021-2030).
Market Growth Drivers Analysis
Oncology treatment and oncology diagnostics are in high demand due to the expanding investments and innovations in the biopharmaceutical sector, which is promoting the development of a variety of novel medications and therapies. The population's increasing awareness of the availability of numerous oncology-related treatments and diagnostics is anticipated to fuel the expansion of the worldwide oncology market. The market participants are being drawn to participate in the oncology sector by its growing importance and better profit potential.
Market Restraints
Chemotherapy medications kill cancer cells, but they also harm healthy body cells. For the patients, this has a variety of negative side effects. Bone marrow suppression, gastrointestinal issues, neuropathies, hair loss, lethargy, and skin issues are among the most typical side effects. As a result, the market's expansion is being significantly impacted by these side effects of oncology medications.
Other factors that are preventing the African market from expanding throughout the projection period include strict government regulations, expensive medication, and patent expiration.
Key Players
The prominent players operating in this market include AbbVie, Inc. (USA), Amgen, Inc. (USA), Astellas Pharma, Inc. (Japan), Takeda Pharmaceutical Company Limited (Japan), Celgene Corporation (USA), Eli Lilly and Company (USA), Bayer AG (Germany), GlaxoSmithKline Plc (UK), AstraZeneca Plc. (UK), Johnson & Johnson Services, Inc. (USA), Pfizer, Inc. (USA), Merck KGaA (Germany), F. Hoffmann-La Roche Ltd. (Switzerland), and Novartis AG (Switzerland)
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
Oncology Therapeutics Segmentation
By Application (Revenue, USD Billion):
By Drugs (Revenue, USD Billion):
By Therapy (Revenue, USD Billion):
By Route of Administration (Revenue, USD Billion):
By Distribution Channel (Revenue, USD Billion):
Methodology for Database Creation
Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.
Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.
How Do We Get It?
Our database is created and maintained through a combination of secondary and primary research methodologies.
1. Secondary Research
With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:
With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:
2. Primary Research
To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:
Combining Secondary and Primary Research
By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:
Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.
We value your inquiry and offer free customization with every report to fulfil your exact research needs.