Increase Life Expectancy with the Use of Pancreatic Cancer Therapeutics
Global Pancreatic Cancer Therapeutics Market was worth $ 2.08 billion in 2016 and estimated to be growing at a CAGR of 7.54%, to reach $2.99 billion by 2021.
Hyderabad, India -- (SBWire) -- 03/02/2018 --Pancreatic cancer begins in the tissues of duct gland. Duct gland releases enzymes that aid digestion and hormones that facilitate manage your blood glucose. Pancreatic cancer usually spreads quickly to nearby organs and rarely detected in its early stages. Except for individuals with exocrine gland cysts or a case history of carcinoma, some screening steps would possibly facilitate discovery of this disease early.
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The global pancreatic cancer therapeutics market value is evaluated to be USD 2.08 billion in 2016 and is estimated to reach USD 3.01 billion by 2021 at a CAGR of 7.54%.
Factors corresponding to high unmet therapeutic desires within the overall medicine market, growing cancer issues across the globe, and new developments in the field of treatment area are likely to propel the expansion of the worldwide pancreatic cancer therapeutics market.
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However, technologies for the early detection of this cancer are still not available. Hence, a majority of patients with this disease are being diagnosed at a much later stage of the illness. Within the advanced stage of this cancer, the treatment choices are low resulting in deaths limiting the expansion of the market. Estimates show that very few percentage of patients are diagnosed early enough to be treated with surgical procedures, drugs, and therapy.
Geographically, the market is categorised into North America, Latin America, Asia-pacific, Europe and Middle East & Africa. North America is expected to dominate the market globally owing to a high number of patients suffering from pancreatic cancer. Asia-pacific is expected to witness a major growth rate during the forecast period.
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Some of the key players of Pancreatic cancer therapeutics market include Eli Lilly, Amgen, Inc., Celgene Corp., F. Hoffmann-La Roche, Clovis Oncology Inc., Pfizer, Novartis AG, Threshold Pharmaceuticals Inc., Aduro BioTech Inc., Infinity Pharmaceuticals Inc. and NewLink Genetics Corp.
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