New York, NY -- (SBWIRE) -- 05/19/2017 -- Antihormonal cancer therapy refers to a process of treatment in which hormones, that are responsible for growth of tumor, are suppressed. Antihormonal cancer therapy can be done by various procedures such as radiations, drugs or surgeries. Antihormonal cancer therapies market is growing at a significant rate due to increasing incidence of cancer cases and growing awareness in the field. Antihormonal cancer therapy is gaining popularity as a result of its success rate in cancer cases.
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Antihormonal cancer therapies are most commonly used for the treatment for breast cancer and prostate cancer. North America, followed by Europe, dominates the global market for antihormonal cancer therapies due to large number of aging population and technological advancement in the region. Asia is expected to witness high growth in antihormonal cancer therapies market, due to increasing government initiatives, rising economy and improvement in healthcare conditions in the region. Some of the key driving forces for antihormonal cancer therapies market in emerging countries are increasing R&D investment, large pool of patients and rising government funding.
Some of the key factors that are driving the antihormonal cancer therapies market are increasing prevalence of cancer, rising government involvement, increasing funding from various government and non-government organizations. In addition, ethical acceptance of antihormonal therapy for treatment of disease and high unmet needs in some regions are driving the antihormonal cancer therapies market. However, less awareness and high cost involved in treatment are restraining the global antihormonal cancer therapies market. In addition, introduction of generic drugs in some countries is restraining the antihormonal cancer therapies market.
Innovation of some innovative therapy with better success rate is expected to offer good opportunity for cancer gene therapy. In addition, despite of high cost involved in R&D, pharmaceutical companies are showing increased interest in this field. This is expected to offer good potential for antihormonal cancer therapies market. Some of the latest trends that have been observed in the antihormonal cancer therapies market include companies involved in partnerships and R&D for more efficient technologies.
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Some of the major companies dealing in antihormonal cancer therapies market are AstraZeneca, Novartis, Pfizer and Sanofi-Aventis and Takeda Pharmaceutical Company.