The global Liposomal
Doxorubicin Market is expected to reach a value of USD 1.39 billion by 2024,
according to a new report by Grand View Research, Inc. The presence of various
pipeline products awaiting approval by the U.S. FDA and European Medicines
Agency is one of the key attributes of this market. The first liposomal
doxorubicin formulation was launched in 1995, namely Doxil/Caelyx by Janssen
Products and LP & Myocet by Teva Pharmaceutical Laboratories. Doxil, the
brand name of liposomal doxorubicin, is under development, and post its commercialization,
the product is expected to create significant value over the next 3 to 4 years.
The
increasing U.S. FDA approval for drug production is also anticipated to boost
the market. The increasing indication of these drugs for various conditions
such as AIDS-related Kaposi sarcoma, multiple myeloma, neuroblastoma,
osteosarcoma, and ovarian cancer signifies the growth in demand. The
technological advancements in the drugs formulations to overcome the adverse
effects on health and also introduction of various types of medication delivery
systems, such as coated nanoparticles, are some of the pivotal factors
impelling the demand for the drug.
Liposomal
doxorubicin is primarily approved for the treatment of myeloma, Kaposi sarcoma,
and ovarian cancer. However, due to its wide usage in other conditions as well,
in 2015, breast cancer accounted for the maximum revenue of 21.2%. The
increasing prevalence of breast cancer is leading to growing demand for
chemotherapy treatment, which accounts for the majority of revenue share.
Besides breast carcinoma, ovarian cancer, multiple myeloma, and liver cancer
also held a significant share in 2015. The use of doxorubicin for liver
carcinoma treatment is rapidly growing, and this application is expected to
grow with the fastest CAGR of 7.8% over the forecast period.
To request a sample copy or
view summary of this report, click the link below:
http://www.grandviewresearch.com/industry-analysis/liposomal-doxorubicin-market
http://www.grandviewresearch.com/industry-analysis/liposomal-doxorubicin-market
Further key findings from the study suggest:
- The increasing number of mergers & acquisitions and partnerships for clinical trials on technologically advanced doxorubicin formulations will boost market growth
- Increasing investment in Asia Pacific pertaining to the R&D, improving healthcare infrastructure, and heightened patient cognizance regarding targeted cancer therapies and chemotherapy will drive regional market growth
- Key players operating in the market are Janssen Products; LP; Teva Pharmaceuticals; Sun Pharmaceutical Industries Ltd.; Pfizer, Inc.; Cipla, Inc.; Cadila Pharmaceuticals; and SRS Pharmaceuticals Pvt. Ltd.
About Us:
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
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