Increasing Prevalence of Cancer Diseases Worldwide Drive Xeloda market poised to Grow at 5.7% CAGR

According to Precision Business Insights' (PBI), latest report, the market value of the Xeloda market size was poised to grow at 5.7 % CAGR from 2024 to 2030. The primary factors that drive the market are the growing prevalence of cancer diseases across the world, rising health consciousness, and increasing demand for Xeloda medicine in the market.

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The Xeloda market is segmented based on type, application, distribution channel, and geography.
Based on the type, the market is segmented into the following:
• 500mg
• 150mg

Based on the application, the market is segmented into the following:
• Colon Cancer
• Rectal Cancer
• Breast Cancer
• Gastric Cancer
• Other

Based on distribution channel, the market is segmented into the following:
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy

Based on application type, breast cancer treatment holds the highest market share. The major factor for the rise of this segment is the rising cases of cancer worldwide, increasing demand for targeted drugs to lower the massive side effects drive the market. According to the American Cancer Society Report, it is estimated in 2019, there will be 1,762,450 new cancer cases diagnosed and 606,880 cancer deaths in the United States. These factors can drive the Xeloda market growth.

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Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Asia Pacific region is expected to grow significantly in the Xeloda Market size over the forecast period The Xeloda market in the Asia Pacific is likely to hold a significant revenue share in 2022, and, in the following years, it is predicted to increase rapidly. It is attributed to the increasing prevalence of cancer diseases across Asian Countries and, the rise in the demand for Xeloda in the region, according to the National Institute of Health, In China approximately 4,820,000 new cancer cases, and 3,210,000 cancer deaths in 2022, heavy figure conclude the demand for cancer medicine in the region. This factor drives the Asia Pacific Market.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The Xeloda market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share.

Key players' profiles in the xeloda market report are; Philips Healthcare, Cheplapharm Arzneimittel GmbH, ResMed, Medtronic, BD, Getinge, Drager, Smith's Group, Hamilton Medical, GE Healthcare, Fisher and Paykel, Air Liquide

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This release was published on openPR.