Press release
Chemotherapy Drugs Market Analysis By Indication, Type, Dosage Forms, Route of Administration, End Users, Distribution Channel & Forecast
Chemotherapy Drugs Market
The increasing prevalence of cancer is anticipated to improve the chemotherapy drug market's growth rate. Cancer is the maximum cause of mortality globally, as per the World Health Organization (WHO), accounting for nearly 10 million deaths in 2020, or about one in every six deaths. About 400 000 children are diagnosed with cancer each year. Cervical cancer is the most common cancer in 23 of the world's nations. Chemotherapy utilizes either site-specific or intravenous drug delivery. In spite of advances in cancer treatment technology, the disease still dues the lives of up to 8 million people per year. Chemotherapy or anti-cancer drugs are elements that can denature cancer cells by faltering their proliferation. Recently, in May 2022, Gland Pharma launched the Bortezomib for Injection in US. Bortezomib for injection is engaged for treating certain types of cancer containing multiple myeloma and mantle cell lymphoma. The chemotherapy drugs market is anticipated to boost during the forecasted period.
Since the emergence in December 2019, the COVID-19 virus has spread to each country on the planet, stimulating the World Health Organization (WHO) to state it a public health emergency. In November of 2019, the globe was traumatized to know the COVID-19 virus. In earlier years, there was no medical considerate or hint of such a virus that may have arranged the world to deal with the infection's criticality. Lockdowns were ordered by governments all about the world to stop the virus from increasing. When tested against SARS-CoV-2, chemotherapy medicines such omycin, azithromycin, and pralatrexate that are used to treat lymphoma, showed progressive results in reducing COVID-19 virus. Companies of chemotherapy drugs have aided in COVID-19 times by spending in corona research initiatives, and they are expected to gain popularity and success in effective corona treatment.
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Type Insights
By type, the chemotherapy drugs market is bifurcated into alkylating agents, anti-metabolites, plant alkaloids and terpenoids, podophyllotoxin, taxanes, topoisomerase inhibitor, anti-tumour antibiotics, hormones, monoclonal antibodies, and others. The alkylating agents segment is predicted to provide maximum share by 2021. Alkylating drugs were generally used from the start and are thus the best-studied chemotherapeutic drug. Though they can be used to treat a variety of cancers, they are most active against slow-growing malignancies. The effective mechanism of the drug and operative results have made it the most widely used and in-demand drug class in the chemotherapy drugs market, thus boosting market growth.
Indication Insights
In terms of indication, the chemotherapy drugs market is segmented into oncology/cancer, bone marrow diseases, immune system disorders, and others. The oncology/cancer segment is estimated to hold the maximum share in the evaluation timeframe, owing to the rising cases of cancer. The immune system disorders segment is anticipated to be the most profitable growing at a fastest CAGR. The incidence of cancer is rising globally, and there are several clear causes for this, including smoking, drinking, pollution, and others.
Region Insights
In 2021, North America dominates the chemotherapy drug market due to the presence of major manufacture of the product and growing geriatric population in this region. Moreover, high research and development expenditure and presence of skilled experts will further boost the market's growth rate in this region.
Asia-Pacific is anticipated to propel during the forecast period owing to grown government awareness programs and increasing healthcare expenditure in this region. Also, rising number of generic drugs will further cushion the market's growth rate in this region.
Key Companies Insights
To stay competitive in the global market, players are using new strategies such as new product development, mergers and acquisitions, joint ventures, and geographic expansions. Some of the key players operating in the global chemotherapy drugs market include:
• Mylan N.V.
• Merck & Co., Inc.
• Allergan
• AstraZeneca
• AbbVie Inc.
• Bayer AG
• Teva Pharmaceutical Industries Ltd.
• Bausch Health Companies Inc.
• Fresenius Kabi AG
• Amneal Pharmaceuticals LLC
• LEO Pharma A/S
• Johnson & Johnson Private Limited
• F. Hoffmann-La Roche Ltd
• Sanofi
• Amgen Inc.
• Eli Lilly & Company
• Novartis AG
• Other players
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Some of the Recent Developments:
• In April 2022, Sierra Oncology was acquired by GSK for $1.9 billion.
• In September 2022, the US health regulator has accepted Lenalidomide capsule, a medication used to treat several types of cancer for Cipla.
• In August 2022, the Indian Drugs Controller General permitted AstraZeneca India authorization to market Lynparza, a medication used to treat breast cancer.
Segments
By Indication
• Oncology/Cancer
• Bone Marrow Diseases
• Immune System Disorders
• Others
By Type
• Alkylating Agents
• Anti-metabolites
• Plant Alkaloids and Terpenoids
• Podophyllotoxin
• Taxanes
• Topoisomerase Inhibitor
• Anti-Tumour Antibiotics
• Hormones
• Monoclonal Antibodies
• Others
By Dosage Forms
• Capsule
• Tablets
• Injections
• Others
By Route of Administration
• Oral
• Parenteral
• Intravenous
• Subcutaneous
• Others
By End Users
• Hospitals
• Specialty Clinics
• Homecare
• Others
By Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others
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Global Chemotherapy Drugs Market: Regional Analysis
All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global Chemotherapy Drugs market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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