Industry Background:
Docetaxel is an anti-mitotic chemotherapy medication used mainly for the treatment of breast, ovarian, and non-small cell lung cancer. In addition, it has a high stoichiometry of one mole docetaxel per mole tubulin in microtubules and binds to microtubules reversely with maximum affinity. The Docetaxel contains alcohol and may cause intoxication. However, Docetaxel can cause severe side effects if given to a patient whose liver function is abnormal. The global docetaxel market is expected to witness a high growth owing to rise in number of patients suffering with cancer and surge in global geriatric population.This growth is primarily driven by Rise in Number of Patients Suffering With Cancer
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | ml |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Pharmaceuticals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Sanofi-Aventis (France), Pfizer (United States), Teva Pharmaceutical Industries (Israel), Taj Pharmaceuticals (India), Dr. Reddy's Laboratories (India), Sandoz (Germany), Actavis (United States), Sun pharma (India), Beijing Union Pharmaceutical Factory (China) and Accord Healthcare (United Kingdom), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In September 2021, Xiromed LLC the New Jersey-based generic division of Insud Pharmaceuticals has Launches Docetaxel Injection 50mg/mL, generic to Adrucil.
In May 2021, Hikma Pharmaceuticals PLC, the multinational pharmaceutical company, has launched Docetaxel Injection, USP through its US affiliate, Hikma Pharmaceuticals USA Inc. The company has launched 20mg/mL and 80mg/4mL doses.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.
Regulatory Insights:
FDA's Center for Drug Evaluation and Research (CDER) Center’s best-known job is to evaluate new drugs before they can be sold. CDER's evaluation not only prevents quackery, but also provides doctors and patients the information they need to use medicines wisely. The center ensures that drugs, both brand-name and generic, work correctly and that their health benefits outweigh their known risks.
Influencing Trend:
Increase in Government Expenditures on Healthcare
Market Growth Drivers:
Rise in Number of Patients Suffering With Cancer and Surge in Global Geriatric Population
Challenges:
Lack of Awareness in Developing Region
Restraints:
Adverse Effects Associated With the Use of Cancer Drugs
Opportunities:
Increase in Number of Pipeline Drugs
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Docetaxel Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Docetaxel Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Docetaxel players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Docetaxel Study Sheds Light on
The Docetaxel Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Docetaxel industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Docetaxel industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.