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Global Doxorubicin Market 2023 Business Development, Competitive Landscape, Future Growth And Forecast To 2032| Major Players Are Pfizer Inc., Johnson and Johnson, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Hospira Inc
Doxorubicin Market
The Business Research Company's Doxorubicin Global Market Report 2023 identifies increasing prevalence of cancer as the major driver for the Doxorubicin Market's growth in the forecast period. Doxorubicin is a common antibiotic used in chemotherapy to treat distinct types of cancers, as it limits the growth of cancer cells by damaging their DNA. The growing incidence of cancer has led to a higher demand for doxorubicin.
The global doxorubicin market size is expected to grow from $1.14 billion in 2022 to $1.23 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of doxorubicin market is expected to reach $1.60 billion in 2027 at a CAGR of 6.8%.
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Major competitors in the doxorubicin market are Pfizer Inc., Johnson and Johnson, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Hospira Inc., Dr. Reddy's Laboratories Ltd., Cipla Limited, Hikma Pharmaceuticals, Mylan Pharmaceuticals Inc., VHB Life Sciences Limited, Xi'an International Healthcare Factory Co. Ltd., Accord Healthcare Ltd., TTY Biopharm Company Limited, Cadila Pharmaceuticals, Neon Laboratories Limited, APP Pharmaceuticals Manufacturing LLC, Sun Pharmaceutical Industries Ltd., Transo-Pharm Handels GmbH, LGM Pharma, Zhejiang Hisun Pharma, Actavis Pharma, Celon Laboratories Limited, and Samarth Life Sciences Pvt. Ltd.
A key trend in the Doxorubicin Market includes Advancements in drug Investigation. Major companies in the doxorubicin market are working on innovative technologies to launch advanced products, such as injections, to sustain their position in the market. For instance, in October 2021, Padagis, a US-based healthcare company, received approval for its AB-rated generic version of Doxil (Doxorubicin Liposome Injection) from the US Food and Drug Administration, a US-based health regulatory agency. The new drug is an anthracycline topoisomerase inhibitor used for treating ovarian cancer, sarcoma, and multiple myeloma. It is also used in the treatment of multiple myeloma alongside bortezomib. Doxorubicin liposome is a cancer medication that acts as an antineoplastic agent.
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The Doxorubicin Market is segmented -
By Drug Formulation: Lyophilized Powder, Doxorubicin Injection
By Application: Breast Cancer, Kidney Cancer, Liver Cancer, Sarcoma, Ovarian Cancer, Lung Cancer, Leukemia, Multiple Myeloma, Other Applications
By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Doxorubicin Market.
The Business Research Company's "Global Doxorubicin Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Doxorubicin Market Include:
1. Executive Summary
2. Doxorubicin Market Characteristics
3. Doxorubicin Market Trends And Strategies
4. Doxorubicin Market - Macro Economic Scenario
6. Doxorubicin Market Segmentation
……
32. Global Doxorubicin Market Competitive Benchmarking
33. Global Doxorubicin Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Doxorubicin Market
35. Doxorubicin Market Future Outlook and Potential Analysis
36. Appendix
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