Etoposide Market Scope
Etoposide is defined as the chemotherapy medication, which is used for the treatments of a number of types of cancer such as lung cancer, lymphoma, leukemia, testicular cancer, neuroblastoma, ovarian cancer, among others. Etoposide drugs are preferred for the treatment of cancer patient. In the last few years, cancer patients have been significantly increased. For instance, in 2018, according to an article published by the World Health Organization, it has been found that more than 9.8 million death is due to cancer disease worldwide. Etoposide is also used for the treatment of AIDS patients. The increasing number of cancer has also increased globally For instance, as per an article published by the World Health Organization, in 2012, more than 35.3 million were suffering from AIDS globally. Hence, an increasing number of cancer patients and AIDS diseases globally are some of the major factors which affect the growth of the market in the future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Teva Pharmaceutical Industries Ltd (Israel), Ben Venue Laboratories Inc. (United States), Accord Healthcare, Inc. (United States), Shanghai Shyndec Pharmaceutical Co., Ltd (China), Qilu Antibiotics Pharmaceutical Co. Ltd. (China), Gansu Fuzheng Yaoye Technology Co., Ltd. (China), Pharmedic Laboratories Pvt. Ltd (Pakistan), KPC Pharmaceuticals (China), Teva Pharmaceutical Industries Ltd. (Israel) and Mylan N.V. (United States) |
CAGR | 8.0% |
The market is fragmented with many players focusing on technique and quality of the product due to which the global etoposide market can witness an upsurge in the forecast period. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Etoposide market throughout the predicted period.
Teva Pharmaceutical Industries Ltd (Israel), Ben Venue Laboratories Inc. (United States), Accord Healthcare, Inc. (United States), Shanghai Shyndec Pharmaceutical Co., Ltd (China), Qilu Antibiotics Pharmaceutical Co. Ltd. (China), Gansu Fuzheng Yaoye Technology Co., Ltd. (China), Pharmedic Laboratories Pvt. Ltd (Pakistan), KPC Pharmaceuticals (China), Teva Pharmaceutical Industries Ltd. (Israel) and Mylan N.V. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Accord Healthcare Ltd. (United Kingdom), Nippon Kayaku (Japan) and China Res Double-Crane (China.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Etoposide market by Type , by Application (Small Cell Lung Cancer and Testicular Cancer) and Region with country level break-up.
On the basis of geography, the market of Etoposide 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). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, Sun Pharma, a leading Indian pharmaceutical company, acquired a majority stake in Intas Biopharmaceuticals Ltd., another Indian company that manufactures etoposide. This move expands Sun Pharma's presence in the oncology market and strengthens its position as a major etoposide supplier.
In September 2023, Apotex Inc., a Canadian pharmaceutical company, launched its new liposomal etoposide injection product in the United States. This new formulation aims to improve the drug's delivery and efficacy, potentially leading to better patient outcomes.
Influencing Trend:
The rise in the Number of Cancer Cases of Patients across the World and Top Players are Focusing on Product Enhancement Such as Ben Venue Laboratories Inc. (United States), among others
Market Growth Drivers:
Increasing Number of Acquired Immune Deficiency Syndrome Patients Worldwide and Growing Incidences of Numerous Diseases Such as Multiple Myeloma, Uterine Cancer and other Diseases
Challenges:
High Capital Investment and Technical Issues with Sample Collection and Storage and The problem regarding Low Literacy Rate and Lack of Awareness among People in Some region such as Africa
Restraints:
Issue Related To Adverse Effects Associated with the Use of Etoposide Drugs and Lack of Standard in Reimbursement Policies and Skilled Professionals
Opportunities:
Growing Demand for Personalized Medicine and Rise in Number of Pipeline Products across the World and Rising Purchasing Power of Developing Countries such as China and India
Key Target Audience
Etoposide Manufacturers, Traders and Distributors of Etoposide, Research and Development Institutes, Potential Investors, Raw Material Suppliers and Nationalized Laboratories