Press release
Taxol Market 2021 Global Industry Forecasts Analysis, Competitive Landscape and Key Regions Analysis - at a CAGR of 13.3 % and is anticipated to reach around USD 6.6 billion by 2025
Taxol injection is a gelatinous drug, which is extracted from Pacific yew trees, after treat process of chemical synthesis. It’s a sub-field in the group of antineoplastic, used to cure cancer in the breast, ovaries, lungs, cervix, stomach, and others. Taxol infection targets the tubulin, which is a tiny globular protein in the human cell. It has to be injected under the direction of an oncologist having experience in chemotherapy.Fundamental benefits of taxol injection include rapid outcomes, easy accessibility, and better adequacy as well as precision. These are the few significant driving factors that are projected to drive the growth of the taxol market.
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The global taxol market in 2020 was approximately USD 3.89 billion. The market is expected to grow at a CAGR of 13.3 % and is anticipated to reach around USD 6.6 billion by 2025. The rising incidence of cancer is the key driving factor for the significant growth of this market. Taxol injection has higher efficiency for the treatment of cancer compared to other medicines, besides that taxol is easily available in the market which is contributing to the growth of the market. However, the adverse effects of the taxol might hamper the market growth.
The market for taxol is intensely competitive and is highly fragmented. The vendors in the biodegradable mulch film market compete based on product portfolio, product differentiation, applications, and the pricing of products. The rise in technological innovations in designing the products for better quality, ease of use and better performance is expected to continue to intensify the level of competition among the companies to expand their product portfolios by incorporating innovative features, into their product.
Key players in the market are Novasep, Bristol-Myers Squibb (Celegene), Rochem, Lvye Pharmaceutical, Cipla USA Inc, Fresenius Kabi, Pfizer, Vinkem Pharma LLC, Phyton Biotech, Hetero, ScinoPharm, TAPI(Teva), Samyang and Others.
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Based On The Type Of Application, The Global Taxol Market Segmented Into
Cervical Cancer
Ovarian Cancer
Others
Based On The Type Of Product, The Global Taxol Market Segmented Into
Semi-synthetic Paclitaxel
Natural Paclitaxel
Based On The Type Of Region, The Global Taxol Market Segmented Into
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America [United States, Canada, Mexico]
Middle East & Africa [GCC, North Africa, South Africa]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Report Highlights
Global Taxol Market sizes from 2017 to 2024
Market growth projections through 2024 and the resultant market forecast for 2024
Impact of the market dynamics including market drivers, restraints and opportunities in the market size
Key industry trends, product trends, and application trends
Major driving/ leading segmentations, regions and countries in the Global Taxol Market
Competitive analysis with comprehensive company profiles of the leading industry players
In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include Novasep, Bristol-Myers Squibb (Celegene), Rochem, Lvye Pharmaceutical, Cipla USA Inc., Fresenius Kabi, Pfizer, Vinkem Pharma LLC, Phyton Biotech, Hetero, ScinoPharm, TAPI(Teva), Samyang
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The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.
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