Paclitaxel Injection Market Value is Estimated to be reach USD 2820 Million by the end of the year 2022
Paclitaxel Injection Market Size Study:
According to the research report, the Paclitaxel Injection Market was valued at USD 2101 Million in 2017, and it is expected to reach at USD 2820 Million by the end of the 2022, with increasing a CAGR of XX% during the forecast period 2017-2022
Paclitaxel Injection Market Overview:
The paclitaxel injection is a gelatinous drug, extracted from the Pacific Yew trees, after a process of chemical synthesis. It is a subsegment of the class of antineoplastic drugs used to treat breast cancer, lung cancer, ovarian cancer, stomach cancer, cervical cancer and others. Paclitaxel infection targets tubulin, which is a small globular protein in the human cell. It must be injected under the supervision of an oncologist with experience in chemotherapy. Before prescribing this medication, the doctor should also confirm that the patient is not suffering from a high or low blood pressure problem. Paclitaxel injection has several side effects, as it causes an allergy, decreases the number of leukocytes and also causes blood pressure problems.
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Paclitaxel Injection Market Drivers and Restraints:
The increasing prevalence of cancer is the main factor in the significant growth of this market. Paclitaxel injection is more effective in cancer treatment than other drugs, but it is also available in the market, which is responsible for the growth of this market. The main participants in the paclitaxel injection market are focusing on the development of an improved injection, which will be a remarkable opportunity for the growth of this market. Several side effects such as blood clots, allergy, leukopenia, and diarrhea and weight loss can slow the growth of the paclitaxel injection market. The high cost of medicines, which are less affordable in low-income countries, can also hamper the growth of the market. According to the World Health Organization, approximately 8.2 million people died of cancer in 2012. Everything indicates that the breast cancer segment is expected to gain a maximum share in the paclitaxel injection market due to its increasing incidence. On the basis of the end user, the paclitaxel injection market is classified into hospitals, clinics and cancer research institutes. Among all end-users, the hospital segment is expected to obtain a maximum participation in the paclitaxel injection market.
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Paclitaxel Injection Market Geographical Segmentation:
Based on geography, the global market for paclitaxel injection is segmented into key regions such as, Latin America, North America, Asia-Pacific, Europe, and the Middle East and Africa. North America is expected to dominate the paclitaxel market due to the high prevalence of breast cancer and stomach cancer. Europe and Asia-Pacific will follow this market. The Asia-Pacific region is expected to post significant growth in the paclitaxel injection market. In Asia-Pacific, India and China are important markets due to the large population. Paclitaxel injection is the second largest pharmaceutical market in China.
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Key Takeaways from this Accounting Software Market Report:
• For different product types, end use applications and industry verticals, offers calculated growth rates (CAGR %), Volume (Units), and Value ($M) in each region to estimate the market potential.
• Identify various driving factors, constrains and untold opportunities that can impact the global marketplace
• Know the position of your competitor based on the market shares, financial performance, strategical approaches, SWOT, product benchmarking and so on.
• Increase overall revenue by understanding the geographical impact on sales and distribution channels.
• Evaluate the increase in values at each step of industry supply chain to improve process efficacy and optimize the value.
• Understand the market dynamics of leading players like deals, partnerships, new products, mergers and acquisitions in the last four years.
• Estimate the gaps in supply-demand, statics involved in import-export, and regulatory framework of the worldwide market in over 20 top nations.
Paclitaxel Injection Market Key Players:
Pfizer, Inc., Abbott Laboratories, Strides Arcolab Limited, Fresenius Kabi SE & Co. KGaA., Sagent Pharmaceuticals, Inc. Celgene Corporation, Bristol-Myers Squibb Company, Khandelwal Laboratories Pvt. Lmt., Taj Accura Pharmaceuticals, Youcare Pharmaceutical Group Co., Ltd., Luye Pharma Group, and BEIJING Union Pharmaceutical Factory are the prominent players of the market.
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