Megestrol Market Scope
Megestrol is a synthetic form of the progesterone hormone. It works by affecting female hormones involved in cancer growth to treat breast cancer and endometrial cancer. It increases appetite, which leads to weight gain. Megestrol acetate oral suspension is indicated for the treatment of anorexia, cachexia, or an unexplained significant weight loss in patients with a diagnosis of acquired immunodeficiency syndrome (AIDS). Megestrol tablets are used to relieve the effects of advanced breast cancer and advanced endometrial cancer, as well as to alleviate their pain. In patients with acquired immunodeficiency syndrome, megestrol suspension is used to treat lack of appetite, malnutrition, and extreme weight loss. Megestrol is available as a tablet, a liquid oral suspension, and a concentrated oral suspension (Megace ES). The tablets and suspension are usually taken several times a day. However this drug leads to several side effects in patients including nausea, gas, diarrhea, increased blood pressure, impotence, sexual problems, rash etc. The market is growing because of several incidents of Cancer among patients and loss in appetite among people.
The Megestrol market study is segmented by Type (Injection and Freeze-Dried Powder), by Application (Chemotherapy, Targeted therapy, Immunotherapy and Others) and major geographies with country level break-up.
Research Analyst at AMA estimates that Asian Vendors will contribute to the maximum growth of Global Megestrol market throughout the predicted period.
Endo International (Ireland), Teva Pharmaceuticals (Israel), Hikma Pharmaceuticals (United Kingdom), Jiangsu Nhwa Pharmaceutical Co., Ltd. (China), Qingdao Guohai Biological Pharmaceutical (China), Farmabios (Italy), Tiefenbacher API + Ingredients GmbH & Co. KG (Germany), Apotex Corporation (Canada), Breckenridge Pharmaceutical (Japan) and Taizhou Taifas(China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Hi-Tech Pharmacal Co Inc (United States) and Nanjing Cuccess Pharmaceutical (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 total available market.
Segmentation Overview
AMA Research has segmented the market of Global Megestrol market by Type, Application and Region.
On the basis of geography, the market of Megestrol 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).
Megace is a Prescription Medicine, because of the Various Side Effects Associated with the Drug. This implies that the Drug cannot be sold to anyone with a Doctor’s prescription.
Market Trend
- Increasing Awareness and Spending
- Development in Oncology Treatment drugs
Market Drivers
- Increased Incidents of Cancer
- Increased Incidents of AIDS
Opportunities
- Increase Investment in R&D in Cancer Treatment
- Various Governments Initiatives to Increase Awareness and Investment
Restraints
- High Cost of Treatment
- Adverse Side Effects of Drugs
- Not Safe and Effective in Children
Challenges
- Various Regulatory Factors for Drugs
Key Target Audience
Manufacturers of Megestrol, Suppliers of Megestrol, Wholesalers, Distributors and Retailers of Megestrol, Pharmaceutical Companies, Medical Research Institutes and Governmental Bodies