What is Pemetrexed Drug Market?
Pemetrexed drug is basically a drug that is used to treat cancer. It used in combination with other chemotherapy medications as a first treatment for a certain type of non-small cell lung cancer (NSCLC) that has spread to nearby tissues or to other parts of the body. Pemetrexed is used to treat certain types of cancer such as lung cancer, mesothelioma. It is a chemotherapy drug that works by slowing or stopping the growth of cancer cells. Pemetrexed drug is furthermore combined with alternative chemotherapy medication as a key treatment for malignant pleural mesothelioma (a sort of cancer that affects the within lining of the chest cavity) in people that can't be treated with surgery. Pemetrexed is a class of medicines called antifolate antineoplastic agents. It works by blocking the action of a certain element in the body that may help cancer cells grow.
The market study is being classified, by Application (Pleural mesothelioma, Lung Cancer, Colorectal Cancer, Stomach Cancer and Breast Cancer) and major geographies with country level break-up.
Eli Lilly and Company (United States), Fresenius KABI (Germany), Teva Pharmaceutical Industries Ltd. (Israel), Dr Reddy’s Laboratories (India), Abbott Laboratories (United States), Cadila Healthcare Ltd (India), Accord Healthcare Inc. (United States), QILU Pharma Co Ltd. (China), Accure Labs Pvt. Ltd (India) and Pfizer Inc. (United States) are some of the key players profiled in the study.
Various generic players such as Eagle Pharmaceuticals Inc., and STADAPHARM GmbH have developed the generic pemetrexed. However, they are not able to enter the U.S. market due to patent of Eli Lilly and Company’s Alimta up to 2022. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Pemetrexed Drug market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Pemetrexed Drug market by Type, Application and Region.
On the basis of geography, the market of Pemetrexed Drug 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increasing Use of Chemotherapy Drugs in Developing Countries
- Increasing Cases of Cancer around the World
Restraints
Opportunities
- Increasing Awareness among People
- Rising Spending by People on Health
Challenges
- High Cost of Chemo Therapy and Drug Development
Key Target Audience
Manufacturers Pemetrexed Drug, Distributors of Pemetrexed Drug, Healthcare Industry, Regulatory Bodies and Others