Press release
What's driving the Platinum Based Cancer Drugs Market growth? Key players Sanofi, Pfizer, Inc., Mylan N.V., Novartis AG, Ask-Pharma, Sun Pharmaceutical Industries Ltd., Accord Healthcare, Teva Pharmaceutical Industries, Guizhou YiBai Pharmaceutical
Platinum Based Cancer Drugs Market
The global platinum based Cancer drugs market size is expected to reach USD 1,814.1 Million by 2026 according to a new study by The marker research report. Drugs based on platinum have become a major component of cancer therapy; about half of all patients undergoing chemotherapy receive a platinum drug. The widespread use of platinum agents in cancer treatment started with Barnett Rosenberg's discovery of cisplatin's antineoplastic activity in the 1960s.
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According to the National Cancer Institute, the instances of new cases per year is expected to rise to 23.6 million by 2030. Nevertheless, the major limitations of this industry worldwide are the drug-related side effects and resistance growth. Recent developments in platinum based cancer drugs include the development of analog platinum drugs such as platinum carrier molecule complexes to boost targeted concentration of drugs in cancer tumor. This increasing number of cancer instances is expected to drive the growth of the global platinum cancer drug market during the forecast period.
The platinum based cancer drugs market can be categorized in terms of product type as oxaliplatin, cisplatin, carboplatin, and others. Cisplatin is the most commonly used for treating certain malignancies. It is particularly effective in testicular cancer and is intravenously administered. Carboplatin, a derivative of cisplatin, is used to treat multiple cancers like ovaries, lungs, brains, and so on. Cisplatin's segment maintained the largest market share in 2018 and is expected to remain dominant over the forecast period. Based on application, the global market is divided into ovarian, lung, testicular, colorectal, and other cancer. The lung cancer segment dominated the market in 2018 due to the high incidence among the world's population.
Due to enhanced disease prevalence, enhanced awareness, increased per capita income, and enhanced health care infrastructure, the Asia Pacific market is anticipated to develop at the largest CAGR. North America dominated the global market in 2018 due to the high incidence of cancer in the region, developments in these drugs and recent FDA approvals. United States is the world's largest drug market. This has led to the dominance of North America in the global platinum cancer drug market.
The U.S. pharmaceutical industry is the largest domestic market in the world. It is the world's biggest continental pharmaceutical market together with Canada and Mexico. More than 45 percent of the worldwide pharmaceutical industry is held by the United States alone. This share was valued at approximately $446 Million in 2016. Many of the top worldwide firms are from the U.S. In 2016, six out of the top 10 firms were based on sheer pharmaceutical income from the United States.
Major players in the platinum cancer drug market include Sanofi, Pfizer, Inc., Mylan N.V., Ask-Pharma, Sun Pharmaceutical Industries Ltd., Accord Healthcare, Novartis AG, Teva Pharmaceutical Industries Ltd., Guizhou YiBai Pharmaceutical Co., Ltd., SK Chemicals, Qilu Pharmaceutical Co., Ltd., Dr. Reddy's Laboratories Ltd., Debiopharm Group, and Jiangsu Hengrui Pharmaceutical Co., Ltd.
The marker research report has segmented the Platinum Based Cancer Drugs market report on the basis of drug type, application type, and region
Platinum Based Cancer Drug Type Outlook (Revenue, USD Million, 2015 - 2026)
o Cisplatin
o Oxaliplatin
o Carboplatin
o Other
Platinum Based Cancer Drugs Application Type Outlook (Revenue, USD Million, 2015 - 2026)
o Colorectal Cancer
o Ovarian Cancer
o Lung Cancer
o Other
Table of Contents:
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-aways
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Platinum Based Cancer Drugs Market Insights
3.1. Platinum Based Cancer Drugs - Industry snapshot
3.2. Platinum Based Cancer Drugs market dynamics
3.2.1. Platinum Based Cancer Drugs - Market Forces
3.2.1.1. Platinum Based Cancer Drugs Market driver analysis
3.2.1.2. Platinum Based Cancer Drugs Market restraint/challenges analysis
3.2.1.3. Platinum Based Cancer Drugs Market opportunity analysis
3.3. Industry analysis - Porter's five force
3.3.1. Bargaining power of supplier
3.3.2. Bargaining power of buyer
3.3.3. Threat of substitute
3.3.4. Threat of new entrant
3.3.5. Degree of competition
3.4. Platinum Based Cancer Drugs market PEST analysis
3.5. Value Chain Analysis
3.6. Competitive Ranking Analysis, 2018
4. Platinum Based Cancer Drugs Market Size and Forecast by Drug Type
5. Platinum Based Cancer Drugs Market Size and Forecast by Application
6. Platinum Based Cancer Drugs Market Size and Forecast by Region
7. Platinum Based Cancer Drugs Market Company Profiles
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