New York, United States , April 17, 2024 (GLOBE NEWSWIRE) -- The Global Cytotoxic Drugs Market Size is to Grow from USD 16.34 Billion in 2023 to USD 27.62 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 5.39% during the projected period.
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Cytotoxic drugs can be used to remove tumours, enhance surgical or radiation outcomes, reduce metastases, and alleviate cancer symptoms. Cytostatics can be effective outside of the main tumour, eliminating smaller tumours that were not discovered in tests. The need for cytotoxic drugs used in chemotherapy and targeted therapy grows in tandem with cancer incidence. For example, the Pan American Health Organization predicts that 20 million new cancer cases will be diagnosed globally in 2023, with 10 million deaths. Over the next two decades, the cancer burden will rise by more than 60%, putting additional strain on healthcare systems, individuals, and communities. Advances in drug discovery and development have resulted in the introduction of novel cytotoxic medications with improved efficacy and safety profiles. Pharmaceutical companies invest in research and development to identify new treatment targets, develop novel formulations, and improve breakthrough drug delivery methods. These breakthroughs assist to market growth by giving more effective treatment solutions for cancer patients. However, the main limit to the market expansion of cytotoxic drugs is the prevalence of unwanted side effects such as nausea and vomiting, severe diarrhoea, and bone marrow loss. Cytotoxic medications can cause harm to different organ systems, including the gastrointestinal, neurological, renal, and cardiovascular.
Browse key industry insights spread across 200 pages with 110 Market data tables and figures & charts from the report on the "Global Cytotoxic Drugs Market Size, Share, And Covid-19 Impact Analysis, By Type (Branded, Generic), By Drug Type (Alkylating Agents, Antimetabolites, Antitumor Antibiotics, Plant Alkaloids), By Route of Administration (Oral, Parenteral), By Application (Lung Cancer, Breast Cancer, Pancreatic Cancer, Prostate Cancer, Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, And Africa), Analysis and Forecast 2023 – 2033."
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The branded segment is expected to hold the largest share of the global cytotoxic drugs market during the estimation timeframe.
Based on the type, the global cytotoxic drugs market is categorized into branded and generic. Among these, the branded segment is expected to hold the largest share of the global cytotoxic drugs market during the estimation timeframe. Protecting patents encourages branded segment growth, and effective branding contributes to the continuous research and availability of enhanced cytotoxic drugs for cancer treatment.
The antimetabolites segment is expected to grow at the fastest CAGR during the estimation timeframe.
Based on the drug type, the global cytotoxic drugs market is categorized into alkylating agents, antimetabolites, antitumor antibiotics, and plant alkaloids. Among these, the antimetabolites segment is expected to grow at the fastest CAGR during the estimation timeframe. the treatment of a range of malignancies, including leukaemia, lymphoma, breast cancer, colorectal cancer, and non-small cell lung cancer, among others. Their capacity to inhibit nucleic acid formation, which preferentially targets quickly dividing cancer cells while sparing normal cells, makes them valuable components of chemotherapy regimens.
The oral segment is expected to hold a significant share of the global cytotoxic drugs market during the estimation timeframe.
Based on the route of administration, the global cytotoxic drugs market is categorized into oral, and parenteral. Among these, the oral segment is expected to hold a significant share of the global cytotoxic drugs market during the estimation timeframe. Oral medication is preferred by patients because it offers them flexibility and autonomy, enhances overall quality of life throughout cancer treatment, and increases adherence to therapy.
The breast cancer segment is predicted to dominate the global cytotoxic drugs market during the estimation timeframe.
Based on the application, the global cytotoxic drugs market is categorized into lung cancer, breast cancer, pancreatic cancer, prostate cancer, others. Among these, the breast cancer segment is predicted to dominate the global cytotoxic drugs market during the estimation timeframe. Cytotoxic medicines, such as anthracyclines and taxanes, are effective in treating breast cancer by inhibiting the proliferation of rapidly reproducing cancer cells. These drugs, which are delivered intravenously or orally, prevent cancer cells from replicating their DNA. Despite their efficacy, cytotoxic medications can destroy healthy cells, causing fatigue and nausea.
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North America is projected to hold the largest share of the global cytotoxic drugs market over the estimation timeframe.
North America is projected to hold the largest share of the global cytotoxic drugs market over the estimation timeframe. North America has a high healthcare spending per capita, allowing cancer sufferers to receive cutting-edge diagnostics, therapies, and supportive care. Investments in cancer care infrastructure, oncology facilities, and multidisciplinary care teams improve patients' access to all cancer therapies, including chemotherapy, radiation oncology, surgery, and supportive care. Healthcare infrastructure and a thriving research ecosystem consisting of universities, research centers, and pharmaceutical companies.
Asia Pacific is expected to grow at the fastest CAGR growth of the global cytotoxic drugs market during the estimation timeframe. The healthcare sector in Asia-Pacific includes both established pharmaceutical corporations and a plethora of newcomers. The market is being driven by an ageing population and a growing understanding of cancer treatment choices.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the global market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global cytotoxic drugs market are Pfizer, Inc., Sanofi, Teva Pharmaceutical Industries Ltd., Bristol-Myers Squibb Company, Eli Lilly and Company, Fresenius Kabi AG, Merck & Co., Inc., Amgen Inc., Novartis AG, F. Hoffmann-La Roche Ltd., and others.
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Recent Developments
- In January 2023, Merck KGaA's KEYTRUDA (pembrolizumab) has been approved by the US Food and Drug Administration as a platinum-based chemotherapy medicine for the treatment of non-small cell lung cancer stages IB, II, and IIIA. This approval gave the company a competitive advantage in the cytotoxic medicines market.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global cytotoxic drugs market based on the below-mentioned segments:
Global Cytotoxic Drugs Market, By Type
- Branded
- Generic
Global Cytotoxic Drugs Market, By Drug Type
- Alkylating Agents
- Antimetabolites
- Antitumor Antibiotics
- Plant Alkaloids
Global Cytotoxic Drugs Market, By the Route of Administration
- Oral
- Parenteral
Global Cytotoxic Drugs Market, By Application
- Lung Cancer
- Breast Cancer
- Pancreatic Cancer
- Prostate Cancer
- Others
Global Cytotoxic Drugs Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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