Bicalutamide Market SWOT Analysis By Key Players | AstraZeneca UK Ltd, Shanxi Zhendong Pharmaceutical, Shanghai Fosun Zhaohui Pharmaceutical

Prostate cancer is one of the common malignant tumors in men. With the development of economy, factors like increasing environmental pollution, changing lifestyle, and aging population has caused the increase in the incidence of prostate cancer in China. According to incomplete statistics, in 2020, there were 120,000 new cases of prostate cancer in China, and the number is increasing by over 10% annually. Due to the relatively high prices of drugs like abiraterone, the first-generation AR (androgen receptor) inhibitors and chemotherapy are still the main treatment drugs for prostate cancer in China.

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Bicalutamide is one of the anti-androgen drugs with the highest sales value in the world. With its good tolerability, few side effects and high bioavailability, it is the first-line drug for palliative treatment of advanced prostate cancer and shows strong pharmacological advantages after surgical castration. Bicalutamide, a non-steroidal androgen antagonist, can compete with androgens for androgen receptors, blocking cellular uptake of androgens and inhibiting the binding of androgens to target organs, thus inhibiting tumor cell growth. Bicalutamide is mostly used in the combination therapy of advanced prostate cancer.

Bicalutamide, originally developed by AstraZeneca, was first marketed in the UK in 1995 under the brand name Casodex®. China approved the import of bicalutamide tablets under the same brand name in 1999, and later generic drugs by Chinese companies have also been on the market.

According to IMR's market research, the sales value of bicalutamide in the Chinese market increased year by year from 2016 to 2019. In 2020, due to the COVID-19 outbreak, which affected the proper functioning of Chinese healthcare institutions, the sales value of China’s bicalutamide market declined to approximately CNY404 million (USD62.1 million), with a CAGR of about 2.2% from 2016 to 2020. Although several generic drugs from local companies have been launched in the Chinese market and are cheaper than Casodex, AstraZeneca's Casodex still accounted for more than 70% share of China’s bicalutamide market in 2020 in terms of sales value. But its market share is now declining. Local companies with relatively high share in China’s bicalutamide market are Shanxi Zhendong Pharmaceutical, Shanghai Fosun Zhaohui Pharmaceutical, Shanghai Fudan Fuhua Pharmaceutical, and Zhejiang Hisun Pharmaceutical.

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Topics Covered:
Impact of COVID-19 on China’s Bicalutamide Market?
The Incidence of Prostate Cancer in China?
Development Environment of Bicalutamide in China?
Sales Volume of Bicalutamide in China?
Sales Volume and Value of Bicalutamide in China by Region?
Major Bicalutamide Manufacturers in China and Their Market Shares?
Sales Price of Bicalutamide in China?
Major Bicalutamide Producers in China?
Prospects of China’s Bicalutamide Market, 2021-2025?

Key Players In This Market Are As follows:
1 AstraZeneca UK Ltd.
2 Shanxi Zhendong Pharmaceutical Co., Ltd.
3 Shanghai Fosun Zhaohui Pharmaceutical Co., Ltd.
4 Shanghai Fudan Fuhua Pharmaceutical Co., Ltd.
5 Zhejiang Hisun Pharmaceutical Co. Ltd.

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This release was published on openPR.