About Hydroxycarbamide
Hydroxycarbamide, also known as hydroxyurea, is a medication used in sickle-cell disease, chronic myelogenous leukemia, cervical cancer, and polycythemia vera. In sickle-cell disease it decreases the number of attacks. It is taken by mouth. Common side effects include bone marrow suppression, fevers, loss of appetite, psychiatric problems, shortness of breath, and headaches. There is also concern that it increases the risk of later cancers. Use during pregnancy is typically harmful to the baby. Hydroxycarbamide is in the antineoplastic family of medications. It is believed to work by blocking the making of DNA.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Hydroxycarbamide market is highly concentrated by numerous key players. The Intensity of rivalry appears to be high in this market as competitors are numerous and the drugs are undifferentiated. Major companies in this market are constantly working towards introducing innovative products and lowering production costs in order to enhance profitability. 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.
Bristol Myers Squibb (United States), Beijing Jialin Pharma (China), Qilu Pharmaceutical (China), Teva Pharma (Israel), Cipla (India), Zydus Cadila (India), United Biotech (India), Par Pharma (United States), Khandelwal Laboratories (India) and Alkem (Cytomed) (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 Samarth Pharma (India) and VHB Life Sciences (India).
Segmentation Overview
AMA Research has segmented the market of Global Hydroxycarbamide market by , Application (Sickle Cell Disease, Cancer and Other) and Region.
On the basis of geography, the market of Hydroxycarbamide 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 Hydroxycarbamide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Intake Form, the sub-segment i.e. Capsule will boost the Hydroxycarbamide 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. Doctors will boost the Hydroxycarbamide market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Legalization of Various Medicines in Various Economies
Market Growth Drivers:
Increasing No of Cancer Patients Worldwide and Increase in Treatment Options That Have Helped To Lengthen Lives
Challenges:
Long Process for New Drug Development and High Cost, Expensive Procedure
Restraints:
Adverse Effects Associated With the Use of Drugs
Opportunities:
Growing Clinical Research Studies for New Drugs
Market Leaders and their expansionary development strategies
In August 2022, Pfizer Inc. has acquired Global Blood Therapeutics, Inc. The acquisition complements and further enhances Pfizer’s more than 30-year heritage in rare hematology and reinforces the company’s commitment to SCD by bringing expertise and a leading portfolio and pipeline with the potential to address the full spectrum of critical needs in this underserved community. Pfizer intends to continue to build on the companies’ shared commitment to and engagement with the SCD community.
In March 2022, CHEPLAPHARM has acquired a Bristol Myers Squibb product portfolio that encompasses three chemotherapeutical medicinal products, including the well-known brands Taxol®, Hydrea Litalir Droxia and Paraplatin. These products are marketed worldwide with a focus on Asian markets for up to the past 50 years and have longstanding recognition by both prescribers and patients.
Key Target Audience
Hydroxycarbamide End-User, Hospitals and Clinics, Pharmaceuticals and Laboratory, Industry Association, Government Regulatory Authorities, Government Research Organizations, Private Research Organizations 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.