Oncology Drugs Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis

The Oncology Drugs Market was estimated at USD 225.54 billion in 2022 and is likely to grow at a CAGR of 10.56% during 2023-2028 to reach USD 413.55 billion in 2028. Increasing incidence of different types of cancers, strong technological advancements, rising concern over high death rates due to cancer, and a surge in the need for better R&D activities in cancer treatment are some of the key drivers augmenting the product demand Moreover, the introduction of new therapies and drugs for cancer and government support to enhance the healthcare facilities are further expected to promulgate the demand for oncology drugs.