Press release
Capecitabine Market Poised for Steady Growth Driven by Rising Cancer Rates and Expanding Applications
The global capecitabine market is expected to witness continued growth in the coming years, fueled by a rise in cancer diagnoses, increasing adoption in combination therapies, and the development of new formulations. According to a report by Reports and Data, the capecitabine market size was valued at USD 408.2 million in 2022 and is projected to reach USD 652.9 million by 2032, growing at a CAGR of 4.9%.Claim Your FREE Sample Copy with Table of content@ https://www.reportsanddata.com/download-free-sample/261
Market Overview
Capecitabine is an oral chemotherapy medication used to treat various types of cancer, including colorectal cancer, breast cancer, and stomach cancer. It works by blocking the growth of cancer cells. The capecitabine market encompasses various segments, including dosage forms (500 mg and 150 mg tablets), applications (breast cancer, colorectal cancer, stomach cancer), and geographical regions.
Key Trends Shaping the Market
Rising Cancer Incidence: The growing global burden of cancer, particularly colorectal and breast cancer, is a significant driver for the capecitabine market. As per the World Health Organization (WHO), in 2020, there were an estimated 19.3 million new cancer cases reported worldwide.
Expanding Application Scope: The FDA's approval of updated labeling for capecitabine tablets in December 2022, including new indications and dosing regimens, is expected to broaden its application base and drive market growth.
Focus on Combination Therapies: The effectiveness of capecitabine in combination with other chemotherapeutic agents is leading to increased adoption in multi-drug regimens for various cancers.
Market Drivers and Restraints
Growing Geriatric Population: The aging population is more susceptible to cancer, creating a larger potential patient pool for capecitabine treatment.
Technological Advancements: The development of novel drug delivery systems, such as dispersible tablets for faster absorption, can enhance patient convenience and market demand.
Stringent Regulatory Landscape: Stringent regulatory requirements for generic drug approval can pose challenges for market entry, impacting the growth of generic capecitabine.
Side Effect Profile: Capecitabine treatment can be associated with side effects like hand-foot syndrome, diarrhea, and fatigue, which may deter some patients.
Growth Opportunities
Emerging Markets: Increasing healthcare spending and rising cancer awareness in developing economies present lucrative growth prospects for the capecitabine market.
Biosimilars Development: The potential development of biosimilar versions of capecitabine with lower costs could expand access and affordability in emerging markets.
Focus on Patient Compliance: The development of patient-centric care programs and adherence support initiatives can improve treatment outcomes and drive market growth.
SWOT Analysis
Strengths:
Proven efficacy in treating various cancers
Availability of generic alternatives
Convenient oral administration
Weaknesses:
Potential side effects
Limited application in certain cancer types
Stringent regulatory requirements
Opportunities:
Rising cancer burden
Growing adoption in combination therapies
Expansion into emerging markets
Threats:
Patent expirations for brand-name drugs
Competition from new cancer treatment modalities
Stringent regulations and price control measures
Browse Detailed Research report @ https://www.reportsanddata.com/report-detail/capecitabine-market
Latest Strategic Developments
In February 2021, Dr. Reddy's Laboratories launched Capecitabine Tablets, USP, which is a therapeutic generic version of Xeloda Tablets, following approval by the U. S. FDA.
In April 2020, Seattle Genetics announced U.S. FDA approval for its TUKYSA (Tucatinib) tablets indicated for breast cancer. TUKYSA, which is a tyrosine kinase inhibitor, along with Roche's capecitabine and trastuzumab, is specifically indicated for metastatic HER2-positive breast cancer.
Companies Profiled in the Report:
Cipla Inc., Genentech, Inc., F. Hoffmann-La Roche, Ranbaxy Laboratories Ltd., Teva Pharma B.V., Mylan N.V., Sandoz, Fresenius SE & Co. KGaA, Zentiva N.V., Accord Healthcare Ltd., and Dr. Reddy Laboratories Ltd. are some of the major companies operating in the global capecitabine market.
For the purpose of this report, the global capecitabine market is segmented based on indication, drug type, drug formulation, end-use, distribution channel, and region:
Indication Outlook (Revenue, USD Billion; 2018-2028)
Breast Cancer
Colorectal Cancer
Gastric Cancer
Others
Drug Type Outlook (Revenue, USD Billion; 2018-2028)
Branded
Generic
Drug Formulation Outlook (Revenue, USD Billion; 2018-2028)
Tablets
Capsules
End-use Outlook (Revenue, USD Billion; 2018-2028)
Hospitals
Specialty Clinics
Homecare
Others
Distribution Channel Outlook (Revenue, USD Billion; 2018-2028)
Hospital Pharmacies
Retail Stores
Online Pharmacies
Others
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Region Outlook (Revenue, USD Billion; 2018-2028)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
Singapore
Rest of Asia Pacific
Latin America
Brazil
Rest of Latin America
Middle East and Africa
Saudi Arabia
UAE
South Africa
Rest of Middle East & Africa
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client's make a smarter business decision
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