How big is the Cancer Therapy Market | Trends 2031

Q: How big is the cancer therapy market?

The cancer therapy market was exhibited at USD 191 billion in 2024 and is projected to reach USD 326 billion by 2031.

Q: What drives growth in the cancer therapy market?

High cancer incidence, demand for advanced therapies, and strong investment in oncology innovation.

Q: What are the major trends in the cancer therapy market?

Rise in immunotherapies, personalized treatment approaches, and AI-supported oncology care.

Q: Who are the leading players in the cancer therapy market?

Key companies include Roche, Merck, BMS, Pfizer, and Novartis.

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Code: MTA5563

Publication Date: Jul 2025

What is the size of the Cancer Therapy Market?

According to 6Wresearch internal database and industry insights, the Global Cancer Therapy Market was exhibited at USD 191 billion in 2024 and is projected to reach USD 326 billion by 2031, growing at a CAGR of 7.5% during the forecast period 2025â€“2031.

Due to the increasing global cancer burden, advancements in immunotherapy and targeted treatments, and greater access to innovative therapies worldwide, the market is predicted for the strong growth in the upcoming years.

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Key Growth Factors of the Cancer Therapy Market

Increasing incidence of various cancers globally
Rapid advancements in precision medicine and immunotherapies
Expanding government and private sector investment in oncology
Accelerated drug approvals and clinical pipeline expansion
Rising awareness and access to modern therapies in emerging economies

Cancer Therapy Market Trends

The cancer therapy market is moving forward with rising shift towards the personalized treatment regimens which involves the genomic testing and biomarker-driven therapies. Further, the immunotherapies like checkpoint inhibitors and CAR-T cell therapy are revolutionizing treatment protocols. Furthermore, AI-based clinical decision tools and real-world evidence are supporting more accurate and effective treatment planning. Together, all these trends are reshaping the dynamics of the market.

Emerging Developments in the Cancer Therapy Market

Cancer therapy market is seeing few developments with technologies such as CRISPR gene editing, RNA-based therapies, and tumour microenvironment modulation are at the forefront of innovation.
At the other side, the collaborative efforts between biotech firms, academic institutions, and healthcare providers are accelerating the development of next-gene therapies with fewer side effects and improved survival outcomes.