China's cancer drug market to reach $30 billion by 2024

24 August 2018
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The China cancer drugs market is projected to reach $30 billion by the year 2024 due to the increasing prevalence of various types of cancer, changing lifestyle and dietary habits, growing aging population, rising demand of targeted drug therapy and the patent expiration of key cancer drugs, according to a new report from ResearchAndMarkets.

Cancer is one of the leading causes of death worldwide and is a major public health burden in both developed and developing countries.

The rate of cancer incidences in China is exploding very rapidly; nearly 4 million people diagnosed and almost 3 million died from it. For instance, due to increasing air pollution over the last couple of years, lung cancer has increased 50% in Beijing only. Anticancer drugs act like an inhibitor that prevents cancer cells to grow.

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