About Eltrombopag Tablet
Eltrombopag, sold under the brand name Promacta among others, is a medication used to treat thrombocytopenia (abnormally low platelet counts) and severe aplastic anemia. Eltrombopag is sold under the brand name Revolade outside the US and is marketed by Novartis. This section provides an analysis of the position of the product or services in the market based on market development and competitive position. It provides an overview of the stages of product growth in the market in the terms of early (historical) phase, middle phase, and future innovation and technologies.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
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. 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.
Glaxosmithkline (United Kingdom), Novartis (Switzerland), ACI Limited (Bangladesh), Beacon Pharmaceuticals Limited (Bangladesh), Sun Pharmaceuticals Limited (India), Cipla (India), Mitsubishi Tanabe Pharma Corporation (Japan) and Glenmark (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 Zydus Cadila (Inida), Emcure Pharmaceuticals (India), Macleods Pharmaceuticals (India) and Torrent Pharmaceuticals (India).
Segmentation Overview
AMA Research has segmented the market of Global Eltrombopag Tablet market by , Application (Drugs Stores, Hospital and Other) and Region.
On the basis of geography, the market of Eltrombopag 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). If we see Market by Treatment, the sub-segment i.e. Idiopathic Thrombocytopenic (ITC) will boost the Eltrombopag Tablet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Children will boost the Eltrombopag Tablet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size of Dosage, the sub-segment i.e. 25mg will boost the Eltrombopag Tablet market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Fast pace advancement in the medical sector
Market Growth Drivers:
Rising rate of chronic diseases due to changing of lifestyle and Lesser number of manufacturers in Eltrombopag Tablets
Challenges:
Regulatory approvals concerned with specific regions and To cater to the growing number of users
Restraints:
May cause serious side effects such as Liver failure, increased risk of blood cancer, blood clots among others
Opportunities:
Strong healthcare industry realized due to the COVID pandemic
Market Leaders and their expansionary development strategies
In September 2023, Novartis partnered with healthcare providers to implement educational programs on managing chronic thrombocytopenia and optimizing Eltrombopag treatment.
In August 2023, A study published in the New England Journal of Medicine reported on the successful use of Eltrombopag in treating immune thrombocytopenia (ITP) in previously unresponsive patients.
Food and Drug Administration Notification 08/04/2017; Approved modifications to the Risk Evaluation and Mitigation Strategies (REMS) for platelet-booster drugs Nplate (romiplostim) injection and Promacta (eltrombopag) tablets. In USA eltrombopag olamine was approved on November 20, 2008. In USA, the trade name is Promacta
Key Target Audience
Online dispensaries, Venture Capitalists & Private Equity Firms, Regulatory bodies, Pharmaceutical Industry and API providers
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.