Cytotoxic Drugs Market Growing Demand for Antimetabolite Drugs

According to Precision Business Insights (PBI), the latest report, the cytotoxic drugs market is expected to be valued at USD 15,927.2 million in 2022 and is poised to grow at a significant CAGR of 2.2% over 2022-2028. The primary drivers of the expansion of the global cytotoxic drugs market include the increasing prevalence of cancer diseases, the increasing use and approval of cytotoxic drugs, and the increasing consumption of alcohol and cigarettes.

Antimetabolite Segment to Dominate the Cytotoxic Drugs Market:
Based on the product type, the global cytotoxic drugs market is segmented into alkylating agents, antitumor antibiotics, antimetabolites, plant alkaloids, and others. The antimetabolite segment is expected to account for a larger revenue share in the global cytotoxic drugs market, with a value share worldwide. The increasing investments in antimetabolite drugs are the major driver of the cytotoxic drugs market growth. Antimetabolite drugs have an enormous to create a positive impact on the overall market. Also, increasing medical expenditure, rising incidence of breast cancer and lung cancer, and the growing public awareness regarding chronic cancer diseases are fuelling the global market growth, and it is anticipated to boost the global market growth.

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Asia Pacific Cytotoxic Drugs Market:
The Asia Pacific market is expected to increase in the global cytotoxic drugs market over the forecast period. It is projected to grow at a CAGR of xx% in the coming years. The Asia Pacific market is expanding due to the increasing number of cancer patients, improving healthcare infrastructure, and increasing cigarette consumption. North America held the largest market share and is expected to dominate the global market in the estimated period due to the innovative product launches and the dominating international market players in this region.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global cytotoxic drugs market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In April 2022, AbbVie and Genmab announced topline results for epcoritamab from phase 1/2 trial in patients with relapsed/refractory large b-cell lymphoma. In Dec 2021, CStone announced new drug approval of Cejemly in China to potentially reshape the landscape of immuno-oncology therapy in lung cancer.

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The cytotoxic drugs market is segmented based on product type, route of administration, application, end-user, and geography.
Based on the product type, the market is segmented into the following:
• Alkylating Agents
• Antitumor Antibiotics
• Antimetabolites
• Plant Alkaloids
• Others

Based on the route of administration, the market is segmented into the following:
• Oral
• Parental

Based on the application, the market is segmented into the following:
• Breast Cancer
• Prostate Cancer
• Lung Cancer
• Pancreatic Cancer
• Others

Based on the end user, the market is segmented into the following:
• Retail Pharmacy
• Hospital Pharmacy
• Online Pharmacy

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the cytotoxic drugs market report are Pfizer Inc., AbbVie Inc., Johnson & Johnson, GlaxoSmithKline PLC, F. Hoffmann-La Roche AG, Bristol-Myers Squibb, Merck & Co. Inc., Sanofi, Novartis AG, Eli Lilly and Company, and Amgen.

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This release was published on openPR.