Methotrexate Market Scope
Methotrexate is a prescription medication. Approved by the United States FDA (Food and Drug Administration), Methotrexate belongs to a class of drugs called antimetabolites, or folic acid antagonists. It works by slowing or stopping the growth of cancer cells and suppressing the immune system. Methotrexate is used to treat certain types of cancer of the breast, skin, head, and neck, or lung. Methotrexate is one of the most effective and widely used medications for treating inflammatory types of arthritis psoriasis. It’s also one of the safest arthritis drugs, despite a common misconception among many patients that methotrexate is highly toxic
According to AMA, the Global Methotrexate market is expected to see growth rate of 5.25%The market for Methotrexate is highly fragmented with the presence of many manufacturers worldwide. The companies for Methotrexate may be involved in implementing strategies like mergers, acquisitions, collaborations, and new improved product launches to increase their market share. An increase in the market of Methotrexate can be predicted due to the rise in medicals conditions like cancer worldwide. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Methotrexate market throughout the predicted period.
Pfizer Inc. (United States), GlaxoSmithKline (United Kingdom), Cumberland Pharmaceuticals Inc. (United States), Cadila Healthcare (India), Cipla Limited (India), Rosemont Pharmaceuticals Limited (United Kingdom), Antares Pharma Inc. (United States), Medac Pharma Inc. (United States), Accord Healthcare Limited (United States) and Sun Pharma Laboratories Ltd (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Alkem Laboratories Ltd. (India), Ranbaxy Laboratories Ltd. (India), Ipca Laboratories Private Ltd. (India), Mylan (United States), Sandoz (Novartis), Germany, Hikma Pharmaceuticals (United Kingdom), Teva Pharmaceutical Industries (Israel), ROVI Pharmaceutical Company, Pharmacia (United States), Remedica Ltd (Cyprus) and Kalbe Farma (Indonesia).
Segmentation Overview
The study have segmented the market of Global Methotrexate market by Type (Tablet and Injection), by Application (Cancer, Arthritis, Auto-Immune Diseases and Others) and Region with country level break-up.
On the basis of geography, the market of Methotrexate 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).
Influencing Trend:
New generation Methotrexate medications that intend to minimize the after-effects of long term medication consumption
Market Growth Drivers:
The surge in cancer patients worldwide needing affordable cancer treatment medications has increased the demand for methotrexate and The presence of a large pediatric population globally suffering from chronic ailments has contributed to the widespread usage of methotrexate
Challenges:
The presence of Methotrexate intolerant patients has limited the usage of methotrexate and Tackling the possible long term side effects of methotrexate like kidney and liver damages
Restraints:
Usage of drugs like cyclosporine and leflunomide used as an alternative to methotrexate for the management of various forms of cancer
Opportunities:
Due to affordability, Methotrexate offers a boost to the cancer treatment pharmaceutical segment
Market Leaders and their Expansionary Development Strategies
In July 2020, LGM pharma acquired Nexgen Pharma Inc. formulation and drug manufacturing business this Acquistion enabled LGM pharma to offer complete set
In December 2019, Cumberland Pharmaceuticals Inc., a specialty pharmaceutical company, received approval from the United States Food and Drug Administration (FDA) for RediTrex™, its new line of methotrexate products
Key Target Audience
Pharmaceutical Companies, Pharmacy Chains/Drug Stores, Drug Suppliers/Traders, Drug Exporters/Importers, Investors, Regulatory and Government Bodies, Upstream Vendors, Downstream Vendors and Others
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.