Tumor is also termed as neoplasm and it is caused by an abnormal proliferation of tissues. This abnormal proliferation can be due to genetic mutations. Tumors can be subcategorized as benign and malignant. Benign is not destructive however, possess a potential to turn into a malignant tumor.
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It has been observed that cancer is second leading cause of deaths in Europe and North America. To treat these tumor growth, anti tumor drugs are considered as of one of the key therapy which has been accepted worldwide.
Various drugs are used to treat tumors which includes citomycin D, daunorubicin, doxorubicin, bleomycin, epirubicin, mitoxantrone , idarucicin and mitomycin. In addition, various drugs which are alkaloids are also used for the same such as etoposide, irinotecan and docetaxel.
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The other alkaloids includes topotecan, paclitaxel, vinorelbine, vincristine, vinblastine, bendamustine, streptozocin, temozolomide, chlorambucil, dacarbazine, ifosfamide, busulfan, cyclophosphamide , procarbazine, melphalan and carmustine. All these drugs help in preventing the growth of tumor cells by controlling the level of hormones for these cells.
The incidence of cancer patients has increased significantly which has led to the growth of anti-tumor drugs market. It has been reported by the WHO that global cancer incidence would reach 15 million by 2025 and thus expected to boost the demand of anti-tumor and anti-cancer drugs.
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In addition, numerous deaths across the globe due to cancer have drawn the concern of Governments and NGOs of various nations towards the development of drugs market growth. Government funding for R&D on these drugs has would also augment the growth of this market owing to rise in demand for number of drugs.
Despite all these advantages, various factors such as nausea, vomiting, weakness, hair loss, dermatological side effects and allergies may hamper the growth of this market. Some of the major players in anti-tumor drugs market include Isis pharmaceuticals, Bristol-Myers Squibb, Gilead Sciences and others.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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