Targeted cancer treatment is a drug that is actively involved in stopping the growth of cancer by blocking certain molecules involved in the growth, progression, and spread of cancer cells. These treatments are also known as precision medicine. Targeted cancer treatment differs from standard chemotherapy treatment because it targets only cancer cells without affecting normal cells.
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Also, targeted cancer treatments block the growth of tumor cells, while standard chemotherapy kills them. Recently, targeted cancer treatments are gaining increasing attention in the anti-cancer drug development industry. Because these therapies form a form of precision medicine, that is, medicine that uses molecular diagnostic techniques to prevent, diagnose, and treat cancer.
The Targeted Cancer Therapeutics market consists of drugs used as precision medicine to treat malignant and benign tumors. Many drugs in targeted cancer treatment have been approved and commercialized by the FDA to treat different types of cancer, but many cancer treatments have been studied in clinical trials and many are in preclinical trials. is.
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The targeted cancer treatment market is growing, due to the increased prevalence of various types of cancer, including lung cancer, breast cancer, colorectal cancer, prostate cancer, lymphoma, leukemia, and melanoma. increase. There is also a growing awareness of molecular diagnostic techniques such as liquid biopsies. Detecting malignant tumors is expected to drive the market for targeted cancer treatments over the predicted period.
Increasing medical costs and expanding insurance coverage will help increase the profitability of the targeted cancer treatment market. The increasing number of new targeted anti-cancer drugs is also driving the market for targeted anti-cancer drugs. However, the high prices of these drugs and the high prices of molecular diagnostic tests to detect cancer are expected to impede the growth of the targeted cancer treatment market during the forecast period.
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