The new report ?Cancer Generics Market Analysis? sates that the world cancer generics market is predicted to grow 27% yearly to 2014. Market increases will be boosted by future anti-cancer blockbuster drugs patent expirations and the growing pharmaceutical bill that will support payers to deal with the barriers to generics access in order to control costs. Oncology drugs valuing US$10 Billion are to lose patent rights in theUSby 2011. As the governments and private players have stepped into the industry across various geographical locations, the future prospects of the market shows vast opportunities to tap on.
The 80 page study on the industry indicates that the world cancer generics drugs industry has seen a number of product launches and mergers & acquisitions in the past few years. The main focus of the companies has been to launch successful and quality products in the market in order to gain worldwide acceptance. With new markets and new products for generics manufacturers within the cancer market, it is anticipated that a harsh environment for companies focusing on novel cancer treatments is about to come. However, within the cancer market, there remains a high level of unmet need, and novel products demonstrating improved clinical attributes to any degree that would be expected to capture the market share from older generic drugs.
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