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High-Potency Manufacturing Remains Strong Full Text
Pharmaceutical Technology, 08/20/2012
Van Arnum P – The impetus behind this investment has been the growth in the oncology drug market. In 2010, the global market for oncology drugs was $57.1 billion, according to the IMS Institute for Healthcare Informatics. Market growth was strong; the compound annual growth rate (CAGR) for oncology drugs was 13.2% between 2006–2010. Although growth is expected to slow, due in part to generic–drug incursion, the global oncology drug market is still expected to increase at a CAGR of 5–8% through 2015, and reach between $75 billion and $80 billion, making it the largest single largest therapeutic drug class by value, according to IMS estimates.