Capecitabine Market Share, Size, Growth & Forecast 2023- Market Data Forecast
Added: (Wed Dec 05 2018)
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Capecitabine market Overview
Capecitabine is a chemotherapy drug employed in the treatment of cancers such as gastric cancer, colorectal cancer, and breast cancer. It attacks on the cancer cells and not only does it stops them from further multiplying, buts also assists in killing the cancer cells.
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The factors which are catalyzing the growth of Global Capecitabine Market are increase in occurrence of cancer, boost in demand for target drug therapy, and patent termination of capecitabine. According to the National Cancer Institute around 135,430 people are likely to suffer from colon and rectum cancer and 50,260 people expired due to colon and rectum cancer in 2018 in the U.S. also, increase in healthcare expenditure and rise in investment in cancer treatment or assisted initiatives by governments and private organizations such as Cancer Care and Cancer Suraksha Scheme are excepted to fuel the capecitabine market growth.
The factors which are hampering the growth of the market are high expenses of capecitabine, drastic effects, availability of alternatives like raltitrexed and leucovorin, and strict government policies linked to the safety and efficiency of capecitabine. Enduring R&D activities connected to capecitabine are expected to create new opportunities for the market.
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Capecitabine market Segmentation
The global Capecitabine market is partitioned according to Application and Drug Formulation. With respect to Application, the market is categorized into Colon Cancer, Rectal Cancer, Breast Cancer, Gastric Cancer, and Others. With respect to Drug Formulation, the market is classified into Tablets and Capsules.
On the basis of geography, the Capecitabine market is partitioned into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America holds major share in the Capecitabine market and is tailed by Europe and Asia Pacific. Asia Pacific is likely to observe the highest CAGR in the coming years.
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The major companies dominating this market for its products and services are
RXi Pharmaceuticals, Inc.,
Sonoma Pharmaceuticals, Inc.,
Perrigo Company plc,
Bristol-Myers Squibb Company,
Pacific World Corporation,
Valeant Pharmaceuticals International, Inc.,
Revitol Corporation and Avita Medical Limited.
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