Everolimus Tablet Market Scope
Afinitor, generically available as Everolimus Tablets, is a prescription drug that is used to relieve the effects of Breast Cancer, Renal Cell Carcinoma, Advanced Neuroendocrine Tumors, Renal Angiomyolipoma, and Subependymal Giant Cell Astrocytoma. Everolimus is an immunosuppressant that prevents haematopoietic and nonhaematopoietic cells from proliferating in response to growth factors. Everolimus is associated with a lower occurrence of cytome-galovirus infection in cardiac and renal transplant recipients as compared to azathioprine and MMF. Multiple factors including prevalence of cancer and other renal infections have contributed to rising demand for Everolimus Tablets in different regions across the globe.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Novartis AG (Switzerland), Biocon (India), Mylan N.V. (United States), Endo International plc (Ireland), Breckenridge Pharmaceutical (Germany), Glenmark Pharmaceuticals Limited (India), Natco Pharma (India), Cipla Limited (India), Dr. Reddy's Laboratories (India) and Concord Biotech Limited (India) |
CAGR | 6.2% |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that Indian Players will contribute to the maximum growth of Global Everolimus Tablet market throughout the predicted period.
Novartis AG (Switzerland), Biocon (India), Mylan N.V. (United States), Endo International plc (Ireland), Breckenridge Pharmaceutical (Germany), Glenmark Pharmaceuticals Limited (India), Natco Pharma (India), Cipla Limited (India), Dr. Reddy's Laboratories (India) and Concord Biotech Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Hikma Pharmaceuticals PLC (United Kingdom), Panacea Biotec (India), Lexicare Pharma Pvt. Ltd. (India) and Taj Pharmaceuticals Limited (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Everolimus Tablet market by Type , by Application (Oncology, Organ transplant, Gastrointestinal and Others) and Region with country level break-up.
On the basis of geography, the market of Everolimus Tablet has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2021.
Market Leaders and their expansionary development strategies
In March 2023, Hikma Pharmaceuticals, a generic drug manufacturer, announced the launch of its own version of Everolimus tablets in the UK market. This could potentially increase competition and drive down prices for the drug.
On 8th March 2021 - Natco Pharma Limited Announced the Final FDA Approval of its Abbreviated New Drug Application (ANDA) for Everolimus Tablets (Generic Version of “Afinitor”). The Product Was Developed in Collaboration with Breckenridge Pharmaceutical, Inc. The Tablets will be Available in 2.5mg, 5mg, and 7.5mg Strengths in A Blister Card Packaging Configuration.
Influencing Trend:
High Investments in Research & Development
Market Growth Drivers:
Prevalence of Cancer and Renal Disorders, Rising Geriatric Population and Technical Progress in Pharmaceutical Industry
Challenges:
Lack of Regulatory Mechanism in Specific Regions
Restraints:
Side Effects and Adverse Reactions and Lack of Trained Professionals
Opportunities:
Growing Healthcare Infrastructure Due to Pandemic
Key Target Audience
Everolimus Tablet Manufactures, New Entrants and Investors, Everolimus Tablet Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others