The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

According to The Business Research Company’s Doxorubicin Global Market Report 2023, the global market is projected to increase from $1.14 billion in 2022 to $1.23 billion in 2023, with a 7.8% CAGR. The market size is anticipated to reach $1.60 billion in 2027, growing at a 6.8% CAGR.

What was the major driver in the doxorubicin market?
The surging cancer prevalence propels the doxorubicin market. Cancer, characterized by abnormal and uncontrolled cell growth, is treated with doxorubicin, an antibiotic in chemotherapy that damages cancer cell DNA, inhibiting their growth. The rising cancer incidence increases doxorubicin demand. For instance, the 2021 American Cancer Society report indicated 1.8 million new cancer cases in 2020. In September 2020, the US National Cancer Institute reported 1,806,590 new cancer cases, accounting for 43% of all male cancer diagnoses in 2020, up from 1,752,735 in 2019. Hence, the growing number of cancer patients drives the doxorubicin market.

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What was the key trend in the doxorubicin market?
Advancements in drug research are a prominent trend in the doxorubicin market. Leading companies are leveraging innovative technologies to introduce advanced products like injections, maintaining their market presence. For example, in October 2021, the US-based healthcare company Padagis received US Food and Drug Administration approval for its AB-rated generic version of Doxil (Doxorubicin Liposome Injection). This anthracycline topoisomerase inhibitor is utilized to treat ovarian cancer, sarcoma, multiple myeloma, and in combination with bortezomib for multiple myeloma treatment. Doxorubicin liposome acts as an antineoplastic cancer medication.

Which was the largest region in the doxorubicin market?
North America was the largest region in the doxorubicin market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in doxorubicin report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Who are the doxorubicin market prominent players?
Major players in the doxorubicin market are Pfizer Inc., Johnson and Johnson, Baxter International Inc., Teva Pharmaceutical Industries Ltd., Hospira Inc., Dr. Reddy’s Laboratories Ltd., Cipla Limited, Hikma Pharmaceuticals, Mylan Pharmaceuticals Inc., VHB Life Sciences Limited, Xi’an International Healthcare Factory Co. Ltd., Accord Healthcare Ltd., TTY Biopharm Company Limited, Cadila Pharmaceuticals, Neon Laboratories Limited, APP Pharmaceuticals Manufacturing LLC, Sun Pharmaceutical Industries Ltd., Transo-Pharm Handels GmbH, LGM Pharma, Zhejiang Hisun Pharma, Actavis Pharma, Celon Laboratories Limited, and Samarth Life Sciences Pvt. Ltd.

Key doxorubicin market segments-
The global doxorubicin market is segmented –
1) By Drug Formulation: Lyophilized Powder, Doxorubicin Injection
2) By Application: Breast Cancer, Kidney Cancer, Liver Cancer, Sarcoma, Ovarian Cancer, Lung Cancer, Leukemia, Multiple Myeloma, Other Applications
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy

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The Doxorubicin Global Market Report 2023  provides a comprehensive overview on the doxorubicin market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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