Paclitaxel Injection Market Size to Reach USD 13.55 Billion Globally with Growing CAGR of 13.00% by 2030
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Global Paclitaxel Injection Market business report introduces the basics of industry such as market definitions, classifications, applications and industry chain overview, after which it covers industry policies and plans, product specifications, manufacturing processes, cost structures and so on. This market document has a chapter on the global market and all its associated companies with their profiles, which provides valuable data related to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies.
Rising tobacco and alcohol consumption, rising smoking prevalence, and a variety of other factors all contribute to an increase in the number of cancer cases worldwide. According to GLOBOCAN 2020, a cancer report produced by the International Agency for Research on Cancer, there were approximately 19.3 million new cases of cancer and approximately 10 million cancer deaths in the year 2020. One of the most important factors driving the growth of the paclitaxel injection market is the rising incidence of cancer. Taxol (paclitaxel) is a chemotherapy medication that inhibits the development of cancer cells and slows their growth and expansion in the body. It belongs to the class of drugs known as antineoplastics, and it prevents cancerous cell growth. Paclitaxel has a higher efficiency against cancer growth than other medications; additionally, paclitaxel injection is easily accessible in the market, which contributes to its high demand.
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Data Bridge Market Research analyses that the paclitaxel injection market which is USD 5.10 billion in 2022, is expected to reach USD 13.55 billion by 2030, at a CAGR of 13.00% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Overview:
Paclitaxel injection is a gelatinous drug derived from pacific yew trees through a chemical synthesis process. It is a sub-class of antineoplastic drugs used to treat cancers of the breast, lungs, ovaries, stomach, cervix, and other organs. Paclitaxel infection affects tubulin, a small globular protein found in human cells. It must be injected under the supervision of an oncologist with chemotherapy experience. Before prescribing this medication, the doctor should ensure that the patient does not have a high or low blood pressure problem. This injection has a number of side effects, including allergy, a decrease in WBC count, and blood pressure problems.
Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Opportunities
- Increased prevalence of breast cancer
The increased prevalence of breast cancer in females is propelling the paclitaxel injection market forward. According to the International Agency for Research on Cancer, breast cancer has surpassed lung cancer as the most common type of cancer diagnosed. Furthermore, breast cancer will account for 11.7 percent of all new cancer cases in 2020. As a result, the prevalence of breast cancer is expected to rise further, as will public awareness of the efficacy of paclitaxel injection in the treatment of the disease.
Restraints/Challenges
- Rising side effects associated to paclitaxel injection
Rising adverse effects such as blood clots, allergy, leucopenia, diarrhoea, and weight loss, as well as the high cost of the drug, which is less affordable in low-income countries, are major factors acting as restraints and will further challenge the paclitaxel injection market during the forecast period.
This paclitaxel injection market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the paclitaxel injection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Some of the major players operating in the paclitaxel injection market are:
- Abbott (U.S.)
- Pfizer Inc. (U.S.)
- Fresenius SE & Co. KGaA (Germany)
- Strides Pharma Science Limited (India)
- Sagent Pharmaceuticals, Inc (U.S.)
- Bristol-Myers Squibb Company (U.S.)
- Taj Accura Pharmaceuticals Ltd (India)
- Khandelwal Laboratories Pvt. Ltd (India)
- Luye Pharma AG (China)
- Youcare Pharmaceutical Group Co., Ltd (China)
- Baisainuo (China)
- Novasep (France)
- ONCOtherapeutics, Inc. (India)
Recent Developments
- In 2019, Celgene Corporation announced updates for ABRAXANE in the initial phase of treating pancreatic cancer and metastatic triple-negative breast cancer.
- In 2019, Sun Pharma Advanced Research Company Ltd. announced that Abraxis Bioscience had withdrawn its claims of infringement overpaclitaxel injection concentration for suspension.
- In 2022, ProPhase Labs, Inc. established BioPharma, Inc. as a wholly-owned subsidiary Furthermore, ProPhase BioPharma, Inc. (PBIO) and Global BioLife, Inc. have signed a licence agreement for the Linebacker portfolio (LB-1 and LB-2), two patented small molecule PIM kinase inhibitors with significant promise across numerous therapeutic indications. The company’s initial focus will be on co-therapy for paclitaxel.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Paclitaxel Injection Market Scope
Indication
- Breast Cancer
- Cervical Cancer
- Ovarian Cancer
- Stomach Cancer
- Prostate Cancer
- Lungs Cancer
- Esophageal Cancer
- Testicular Cancer
- Pancreatic Cancer
- AIDS Related Kaposi’s Sarcoma
- Others
End-User
- Hospitals
- Clinics
- Cancer Research Institute
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Regulations
- Market Overview
Continued…
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Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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