(PharmaNewsWire.Com, March 20, 2018 ) The global Capecitabine market is anticipated to grow at XX% CAGR from 2017 to 2022 and it is estimated that the global market was valued at USD XX billion in 2017 and is expected to reach USD XX billion by 2022.
Capecitabine is a chemotherapy drug used in the treatment of cancers such as gastric cancer, colorectal cancer, and breast cancer. It acts on the cancer cells and not only does it prevents them from further multiplying, buts also helps in destroying the cancer cells.
Growth in prevalence of cancer, increase in demand for target drug therapy, and patent expiry of capecitabine drive the growth of the capecitabine market. According to the National Cancer Institute around 135,430 people are estimated to suffer from colon and rectum cancer and 50,260 people died of colon and rectum cancer in 2017 in the U.S. Furthermore, rise in healthcare expenditure and increase in investment in cancer treatment or assisted programs by governments and private organizations such as Cancer Care and Cancer Suraksha Scheme are anticipated to boost the market growth. However, high cost of capecitabine, adverse effects, presence of substitutes, such as raltitrexed and leucovorin, and stringent government regulations related to the safety and efficacy of capecitabine hinder the market growth. Ongoing R&D activities related to capecitabine are anticipated to present new opportunities for the market.
• Market Attractiveness Analysis, By Drug Formulation
• Market Share Analysis, By Drug Formulation
On the basis of geography, the Capecitabine market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America accounted for the largest share of the Capecitabine market followed by Europe and Asia Pacific. Asia Pacific is expected to witness the highest CAGR in the coming years.
The market is dominated by companies like Novartis AG, Sensus Healthcare, 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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