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Oncology Drugs Market Boom Ahead
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Overview
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The global oncology drugs market is poised to expand at an impressive CAGR of 11.53%, reaching $474.06 billion by 2030, fueled by factors like the growing cancer incidence and pharmaceutical advancements. Major players such as Bristol Myer Squibb, GlaxoSmithKline, and Biocon Biologics are intensifying R&D efforts and engaging in significant mergers and acquisitions. Targeted therapy, particularly in injectable forms, dominates the market segmented by various categories.
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How could the dominance of injectables in targeted therapy shape future drug development and patient outcomes?
How might the increasing prevalence of tobacco use impact the demand for oncology drugs?
What implications do the significant merger and acquisition deals in the industry have on market competitiveness and innovation?
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