ID: MRFR/HC/6828-HCR | February 2021 | Region: Global | 164 pages
Global Active Pharmaceutical Ingredient (API) for Cancer Market is expected to register a CAGR of 8.1% and is anticipated to reach USD 34,300.00 Million by 2025. Global API for cancer market, including conventional syringes, needle-free injectors, and auto and pen injectors have been extensively utilized for the administration of drugs to treat medical conditions ranging from cancer to autoimmune disorders. The global market for API for cancer has witnessed continuously rising R&D. As a result, the market is fragmented into various advanced products as per the molecules. Following the illustrated course, it is projected that increasing prevalence of cancer, growing technologies for treatments of various types of cancer, and rising FDA approvals of anticancer drugs drives the market growth. However, side effects associated with the medication are estimated to restrain the market growth during the forecast period.
The global API for cancer market is driven by increasing prevalence of cancer drives the market growth. According to the statistical report published by the World Health Organization (WHO) in 2018, around 18.1 million new cases of cancers were estimated reported worldwide. This indicates a potential for growth in the global API for cancer market.
The other factors that are driving the global API for cancer market are growing technologies for treatments of various types of cancer, and rising FDA approvals of anticancer drugs, growing demand for newly developed small molecules drugs, and others.
Global Active Pharmaceutical Ingredient for Cancer Market Size, by Indication, 2018 & 2025 (USD Million)
Source: MRFR Analysis
The global API for cancer market has been segmented into by type, indications, and end users.
Based on type it is segmented into tinib, parib, rafenib, lisib, degib, ciclib, and others
Based on indication, it is segmented into blood cancer, skin cancer, lungs cancer, breasts cancer, pancreas cancer, others.
Based on end user, the market is segmented into pharmaceutical companies, research organizations, others.
The prominent players in the global API for cancer market are AbbVie, Pfizer Inc, Boehringer Ingelheim International GmbH, AstraZeneca, Novartis AG., F. Hoffmann-La Roche AG, Bayer AG, Bristol-Myers Squibb Company, Eisai Co., Ltd, Johnson & Johnson, Merck & Co. Inc., Amgen Inc., and others.
Global Active Pharmaceutical Ingredient for Cancer Market Share, by Region, 2018 (%)
Source: MRFR Analysis
The global API for cancer market, based on region, is divided into the Americas, Europe, Asia-Pacific, and the Middle East and Africa. The Americas is anticipated to dominate the global API for cancer market owing to the rising awareness about the condition and high healthcare expenditure. The Americas is expected to reach USD 34,300.00 million by 2025 at a CAGR of 8.1% from 2018 to 2025. The Americas region accounted largest regional market owing to the growing biotechnology industry, the growing prevalence of cancer, and a highly developed healthcare sector.
Europe accounted for the second-largest market share in 2018 due to extensive R&D for healthcare, increasing funding, and growing adoption of the technology within the region.
On the other hand, the Middle East and Africa is expected to observe slow growth due to less exposure to healthcare services, lack of awareness, and stringent government rules and regulations.
Global Active Pharmaceutical Ingredient for Cancer Market, by Type
Global API for Cancer Market, by Indication
Global Active Pharmaceutical Ingredient for Cancer Market, by End User
Global Active Pharmaceutical Ingredient for Cancer Market, by Region
Available Additional Customizations
This table of content is tentative and subject to change as the research progresses.
Please Note: Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.