What is Palbociclib Market Scope?
Palbociclib is a drug manufactured and marketed for the treatment of hormone receptor-positive (HR+ve) and human epidermal growth factor receptor 2-negative (HER2-), advanced or metastatic breast cancer. It inhibits the activity of cyclin-dependent kinases, specifically CDK4 and CDK8, thus preventing the growth of cancer cells. During the cell cycle, cyclin-dependent kinases form a binary complex with (CDK4 and CDK8) Cyclin D. Thus, helping the phosphorylation of retinoblastoma protein, Rb, which further enhances the growth of cells by helping in the progression of the cell cycle. Palbociclib inhibits the activity of CD4/8, therefore preventing the formation of cyclin D-CDK4/6 advanced that can't phosphorylate metallic element supermolecule and afterward, reducing cellular proliferation of sex hormone receptor (ER)-positive carcinoma cell lines. Thus, Palbociclib blocks the progression of the cell from G1 into the S phase of the cell cycle, acting as a cell cycle inhibitor for tumor growth in breast cancer. It is usually taken daily orally with food in an exceeding cycle of twenty-one days of active medication or a mixture with an aromatase substance as initial endocrine-based medical care in biological time girls or with unverdant in girls with illness progression followed by endocrine medical care. Since its introduction in 2015, more than 45,000 patients have been prescribed IBRANCE by more than 9,000 providers in the U.S.
The Palbociclib market study is being classified by Type (Tablets and Capsules) and major geographies with country level break-up.
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.
Pfizer (United States), Beacon Pharmaceuticals (Bangladesh), Incepta Pharmaceuticals (Bangladesh), Bluepharma (Portugal) and NANO DARU (Iran) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Palbociclib market by Type, Application and Region.
On the basis of geography, the market of Palbociclib 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).
On 25th March 2021, Pfizer announced that the real-world publication supports the effectiveness of the first-line IBRANCE (PALBOCICLIB) combination therapy in HR+, HER2- Metastatic Breast Cancer. This drug of Pfizer was approved by FDA in 2015 under the brand name of IBRANCE.
Influencing Market Trend
- Decrease in the Mortality Rate of Patients Treated with Ibrance
Market Drivers
- Rise in Number of Breast Cancer Cases
- Percentage Increase in the Survival Rate of Patients
Opportunities
- Growing Improvements and Developments across the Healthcare Industry
Restraints
- Impairing Fertility and Reproductive Capacity in Women
- Side-Effects Associated with the Drugs
Challenges
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Manufacturers of Palbociclib, Suppliers and Distributors of Palbociclib, Venture Capitalists and Private Equity Firms and End-Use Industry
Customization available in this Study:
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