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The Liposomal Products Market is estimated to grow by USD 3,183.63 million at a CAGR of 9.65% during the forecast period.
The growth of the market depends on several factors, including the rising incidence of fungal disorders, the growing prevalence of cancer cases, and many side effects associated with cancer treatment. However, late diagnosis and poor survival rates of patients with cancer are major challenges in the liposome drug delivery market. Companies are increasingly focussing on the market trends such as strategic alliances, and rising adoption of quality by design (QbD) over traditional processes to overcome the challenges.
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Our researchers analyzed the data with 2022 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.
The growing prevalence of cancer cases is a major market driver. Cancer is a common chronic disease and a growing health issue globally, caused by genetic mutations, environmental factors like smoking and pollution, and changing diets. This has led to a rise in cancer cases and deaths, making it the second leading cause of death worldwide.
Breast, prostate, and lung cancers are prevalent in North America and Europe, with breast cancer now the most commonly diagnosed type globally. Accurate registration of cancer patients is crucial for medical research and healthcare planning. As cancer incidence and prevalence increase, the demand is expected to grow, driving market growth.
The rising adoption of quality by design (QbD) over traditional processes is the primary trend in the market. The adoption of rational-based approaches such as QbD over empirical and simulation-based approaches has been contributing to streamlined processes. QbD is based on a fact-based rational approach and helps manufacturing companies for better robust decision-making as compared to traditional approaches based on trial and error. Moreover, the global regulatory authorities are converging toward process and regulatory harmonization for the manufacturing of liposomal formulation.
The QbD approach is expected to witness increased popularity and rising adoption. The adoption of QbD in manufacturing processes is likely to contribute towards better quality, gradation, and consistency of excipient supply, which, in turn, will lead to better final products or drugs. Thus the rising adoption of QbD will further enhance the growth of the liposome drug delivery market during the forecast period.
Late diagnosis and poor survival rate of patients with cancer is the major challenge impeding the liposome drug delivery market growth. Almost half of cancer patients are diagnosed at late stages as per the NHS, in the UK. In the late stages of cancer, it becomes difficult to control tumor growth. The late diagnosis at the primary care level occurs because of the failure to recognize and investigate the symptoms of cancer. This is because most patients with cancer show non-specific symptoms, which are difficult for primary healthcare physicians to analyze and identify. Similarly, at the secondary care level, the lack of adequate treatment contributes to the poor diagnosis and survival of patients with cancer.
During the late stages, the treatment of cancer using drug therapies becomes difficult, and surgery is often performed in such cases. Hence, the late diagnosis and the poor survival rate associated with cancer limit the use of liposomal products as well as increase the mortality rates associated with cancer. Hence, such factors may hamper the growth of the liposomal drugs market during the forecast period.
The market research and growth 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 market growth and forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the liposome drug delivery market.
Galen-pharma - The company offers liposomal product solutions such as DaunoXome. The company offers products under the categories of pain management, dermatology, and gastroenterology.
The market growth analysis report also includes detailed analyses of the competitive landscape of the market and information about 15 market 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 market 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 liposome drug delivery market share growth of the cancer segment will be significant during the forecast period. Liposomal products are increasingly used in cancer therapy. Advancements in liposomal vesicle development have achieved both targeted drug delivery and controlled drug release. This property of liposomes is necessarily helpful for cancer treatment. Therefore rising cases of cancer diagnosis will fuel the market growth during the forecast period.
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The cancer segment was valued at USD 1,825.69 million in 2017 and continued to grow until 2021. Liposomal drug delivery systems are used as targeted therapy for cancer treatment in surgical resection, chemotherapy, and radiation therapy. Therefore, the rise in the cancer incidence rate globally is expected to enhance the demand during the forecast period.
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North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
North America holds the largest share of the global liposomal products market owing to the huge investments made in the oncology sector in the US. The US dominates the regional market and acts as the major revenue generator, followed by Canada. Huge investments in the pharmaceutical industry, specifically the oncology sector, and the presence of pharmaceutical giants in the region are some of the major factors backing the dominance of the US.
Cancer is one of the most common chronic diseases in the US. Also, in every 100,000 population, 436 new cancer cases were reported, and about 156 died of cancer in the country. Thus, with the growing incidences of cancer, Companies will invest in extensive research to develop effective drugs for the treatment of several cancers. As cancer drugs are associated with several side effects, the demand is expected to increase in the region during the forecast period.
The Liposomal Products Market offers promising advancements in drug delivery, enhancing the efficacy of therapeutic compounds through improved cellular and tissue uptake and biodistribution while mitigating systemic toxicity. With unique physicochemical and biophysical properties, liposomal formulations attract the attention of drug manufacturers seeking novel solutions for various ailments, including diabetes. Organizations like the International Diabetes Federation (IDF) explore the potential of liposomal diabetes therapeutics to revolutionize treatment approaches. Evonik Health Care's LIPEX liposome extruder facilitates innovation in the liposomal drug delivery market, adhering to stringent regulatory policies. Moreover, liposomes exhibit promise in cancer therapeutics, as highlighted by research from the Australian Institute of Health and Welfare (AIHW) and the Canadian Medical Association Journal, offering pharmacological merits and advantages in anticancer treatment. As research studies continue to unravel the benefits of liposomal formulations, their role in revolutionizing drug delivery is poised to expand further.
The market forecasting report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Liposomal Products Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.65% |
Market growth 2023-2027 |
USD 3,183.63 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
8.8 |
Regional analysis |
North America, Europe, Asia, and Rest of World (ROW) |
Performing market contribution |
North America at 36% |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acthera Therapeutics AG, Bausch Health Companies Inc., Baxter International Inc., Galen Ltd., GENFIT SA, Gilead Sciences Inc., Innocan Pharma Corp. Ltd., Johnson and Johnson Services Inc., Leadiant Biosciences Inc., Lipella Pharmaceuticals Inc., Liposoma B.V., Merrimack Pharmaceuticals Inc., Nanovex Biotechnologies SL, Pacira BioSciences Inc., Spectrum Pharmaceuticals Inc., Taiwan Liposome Co. Ltd., Takeda Pharmaceutical Co. Ltd., The Lubrizol Corp., Vascular Biosciences, and Viatris Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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