Global Gemcitabine HCI Market to Record an Impressive Growth Rate during the Forecast Period 2020 to 2027
A new research report published by Fior Markets with the title Gemcitabine HCI Market By Type (Generic, Branded), Application (Pancreatic Cancer, Bladder Cancer, Ovarian Cancer, Breast Cancer, Non-Small Cell Lung Cancer), End-User (Cancer Centers, Hospitals, Others), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, And Forecast 2020 To 2027.
The global gemcitabine HCI market is expected to grow from USD xx billion in 2019 to USD xx million by 2027, at a CARG of xx% during the forecast period 2020-2027. North American region is the leading region in the global market of gemcitabine HCI. Presence of key players, favorable reimbursement policies and easy adoption of new products are some factors of the region’s dominance. The European and Asia-Pacific region are predicted to grow at a raid pace. Factors like availability of proper guidelines for the manufacturer of biosimilars and adoption of cost-effective generic drugs are factors expected to fuel the market growth in Asia-Pacific region.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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The key players of this market are Teva Pharmaceuticals Industries Ltd., Medtronic, Cipla Inc., Accord Healthcare, Mylan N.V., Fresenius Kabi AG, Biocon, Eli Lilly & Co., Dr. Reddy’s Laboratories Ltd., Pfizer Inc. and others. Accord Healthcare intas pharmaceuticals to provide 2 million hydroxychloroquine tablets for WHO study on COVID-19.
The type segment includes generic and branded. The generic segment has the largest share, owing to the high demand for generic over branded medicines due to cost-effectiveness, high quality and reliability. The application segment includes pancreatic cancer, bladder cancer, ovarian cancer, breast cancer and non-small lung cancer. The pancreatic cancer segment has the highest market share due number of new cases of pancreatic cancer diagnosed and increase in geriatric population. The end-user segment includes cancer centers, hospitals and others. The hospital segment is projected to grow at fastest rate due to rising healthcare infrastructure and improved healthcare information systems in developing countries.
The favorable government policies to develop R&D and healthcare infrastructure are some factors which boost the gemcitabine HCL market. Also, use of gemcitabine HCL in treatment of pancreas cancer is another factor which promotes new growth opportunities to market as the pancreas cancer treatment has always been stressful for oncologists due to unavailability of efficient medications and drugs. However, there are many side effects of this drug like nausea, flu-like symptoms etc. which hamper the growth of this market globally.
About the report:
The global Gemcitabine HCI market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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- CDN Newswire