About Amifostine Market
Amifostine (Ethiofos) is a cytoprotective adjuvant utilized in malignancy chemotherapy and radiotherapy including DNA-restricting chemotherapeutic specialists. It is promoted by Clinigen under the business trademark Ethyol. Amifostine is supportive of medication which is actuated to the free thiol metabolite at the tissue site. The thiol metabolite is liable for the majority of the cytoprotective and radioprotective properties of amifostine and subsequently making the market to develop more in this season of the pandemic circumstance. The success of these strategies will depend on various factors, including regulatory approvals, clinical trial outcomes, and market dynamics. However, by focusing on expanding applications, improving affordability, enhancing awareness, and addressing safety concerns, the Amifostine market has the potential to significantly improve the lives of cancer patients and those facing radiation-induced side effects.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies Analyst at AMA Research estimates that United Kingdom Players will contribute the maximum growth to Global Amifostine Market market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Clinigen Group (United Kingdom), Sun Pharmaceutical (India), Taj Pharmaceuticals (India), Merro Pharmaceutical (China), Luye Pharma (China), Mingren Pharma (China), VHB Lifesciences Inc.(India) and Miracalus Pharma Private Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Fulford India Ltd. (India), Shantha Biotechnics Limited (India), Fresenius Kabi (Germany), Teva Pharmaceutical Industries (Israel) and Accord Healthcare (India).
Segmentation Overview
AMA Research has segmented the market of Global Amifostine Market market by , Application (Ovarian Cancer Adjuvant Therapy, Head and Neck Cancer Adjuvant Therapy and Others) and Region.
On the basis of geography, the market of Amifostine Market 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Amifostine Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Type of Drug, the sub-segment i.e. Tablet will boost the Amifostine Market market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of new Chemicals in these Drugs
Market Growth Drivers:
Increasing Prevalence of Cancer Diseases Across the World is Rising the Market and Cumulative Chemotherapy in Cancer Treatment is also Enhancing the Market
Challenges:
Concern Related Towards the Side Effects and Concern Related Towards the Allergies
Restraints:
Stringent Rules by the Government and High Cost Associated with these Drugs
Opportunities:
Rising Healthcare Sector Across the World and Growing Cancer Treatment with Specified Treatment Drugs
Market Leaders and their expansionary development strategies
In October 2023, Varian and Elekta two leading radiation therapy equipment manufacturers partnered to develop and share clinical data on new treatment protocols, potentially improving the effectiveness of radiation therapy alongside Amifostine usage.
In October 2023, Oncology Research Centre (ORC) published research findings in a leading medical journal, demonstrating the potential of Amifostine to reduce cognitive decline in cancer patients undergoing radiotherapy. This opens up new avenues for exploring Amifostine's applications beyond its established uses.
A radiation countermeasure that can be used prior to radiation exposure to protect the population from the harmful effects of radiation exposure remains a major unmet medical need and is recognized as an important area for research. Despite substantial advances in the research and development for finding non-toxic, safe, and effective prophylactic countermeasures for the acute radiation syndrome (ARS), no such agent has been approved by the United States Food and Drug Administration (FDA). Thus, the FDA has approved amifostine for limited clinical indications, but not for non-clinical uses.
Key Target Audience
Manufacturers, Suppliers, Wholesalers, Distributors, and Retailers, Governmental bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.