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The gemcitabine hydrochloride market size is forecast to increase by USD 323.8 million, at a CAGR of 7.08% between 2023 and 2028.
The gemcitabine hydrochloride industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The market is experiencing growth due to the increasing prevalence of various types of cancer, such as lung, cervical, breast, prostate, pancreatic, and metastatic pancreatic cancer, In the global population. Gemcitabine Hydrochloride, an antimetabolite antineoplastic agent, works by inhibiting DNA replication and promoting apoptosis (cell death). Ipsen's Onivyde, a Gemcitabine Hydrochloride-based treatment, has been approved by the FDA for the treatment of metastatic pancreatic cancer and squamous cell lung cancer. Other indications include small lung cancer and breast cancer. Clinical trials and product developments continue to expand treatment options for cancer patients. The Lung Cancer Foundation and healthcare professionals are crucial stakeholders In the market, as they provide patient support programs and recommend treatment options.
The regulatory framework ensures the safety and efficacy of these treatments. The non-smoker and female populations are significant consumer groups due to their higher cancer risk. Side effects of Gemcitabine Hydrochloride include nausea, fatigue, and neutropenia. The market is segmented by indication, route of administration, and region. Domestic and localized revenue pockets exist in developed markets while emerging markets offer significant growth opportunities. Digital channels and retail pharmacies are essential distribution channels for these treatments. The market is expected to grow, driven by the increasing cancer cases and the availability of affordable generic versions of Gemcitabine Hydrochloride.
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The generic segment was valued at USD 412.90 million in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is primarily driven by the high prevalence of cancer, particularly In the US, where it is the most common disease. Key cancer indications include lung, breast cancer, cervical, pancreatic, prostate, and squamous cell lung cancers. Notable companies, such as Ipsen and their Onivyde brand, contribute significantly to the market. Gemcitabine, an antimetabolite antineoplastic agent and synthetic pyrimidine nucleoside, works by inhibiting DNA replication and promoting apoptosis.
It is approved by the FDA for the treatment of various cancers, including metastatic pancreatic cancer and non-small cell lung cancer. The market is further fueled by ongoing clinical trials, product developments, and the availability of treatment options for cancer patients. Patient support programs and the regulatory framework also play a crucial role. The non-smoker and female populations are significant consumer groups due to the higher prevalence of certain cancers among these demographics. Side effects of Gemcitabine Hydrochloride may include nausea, fatigue, and neutropenia. The market's revenue pockets include domestic and localized indications, with various routes of administration.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing cancer population is the key driver of the market.
Strong R&D activities fueling pipeline is the upcoming market trend.
The growing popularity of alternate therapies for cancer in developed countries is a key challenge affecting the industry growth.
The gemcitabine hydrochloride market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the gemcitabine hydrochloride market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, gemcitabine hydrochloride market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence In the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market encompasses the global demand for an antimetabolite antineoplastic agent used In the treatment of various types of cancer. This synthetic pyrimidine nucleoside functions by inhibiting DNA replication and promoting apoptosis, or programmed cell death, in cancer cells. The prevalence of cancer continues to be a significant global health concern, with numerous ongoing clinical trials and product developments aimed at improving treatment options. Gemcitabine hydrochloride has shown efficacy In the treatment of several cancer indications, including pancreatic, cervical, breast, lung, and ovarian cancers. The regulatory framework for the approval and commercialization of oncology agents is stringent, ensuring the safety and efficacy of these treatments.
In recent years, there have been several FDA approvals for gemcitabine hydrochloride, including for the treatment of metastatic pancreatic cancer and non-small cell lung cancer. The gemcitabine hydrocloride market is driven by the increasing number of cancer cases worldwide and the growing demand for effective treatment options. The market is also influenced by the development of new indication expansions and route of administration, such as intravenous and oral formulations. The patient support programs and digital channels play a crucial role in raising awareness and facilitating access to these treatments. Healthcare professionals are key influencers In the decision-making process for cancer treatments, and they rely on accurate and reliable information to make informed decisions.
Further, the side effects associated with gemcitabine hydrochloride, like those of other anticancer agents, can limit its widespread use. However, advancements in treatment regimens, such as platinum agent combinations and platinum doublet regimens, have shown promise in mitigating these side effects while maintaining efficacy. The market is diverse, with various revenue pockets in different regions and indications. While the United States is a significant market, there are also opportunities in emerging markets due to the growing burden of cancer and increasing healthcare spending. The pipeline analysis of gemcitabine hydrochloride reveals several ongoing clinical trials and research initiatives aimed at expanding its indications and improving its efficacy.
Market Scope |
|
Report Coverage |
Details |
Page number |
132 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.08% |
Market Growth 2024-2028 |
USD 323.8 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
6.49 |
Key countries |
US, Germany, Canada, China, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this gemcitabine hydrochloride market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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