Global Liposomal Doxorubicin Market

Liposomal Doxorubicin Market Size, Share, Growth Analysis, By Product(J7J (Doxil/Caelyx), Sun Pharma (Lipodox), and Teva (Myocet)), By Application(leukemia, bone sarcoma, breast cancer, gastric cancer), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35I2216 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 70 | Figures: 75

Liposomal Doxorubicin Market Regional Insights

The largest market is the US, which is expected to expand at a CAGR of 5.2% between 2022 and 2032. In North American nations like the US and Canada, where an unhealthy lifestyle and rising obesity rates are contributing to an increase in cancer cases, the market for liposomal doxorubicin is growing.

By the end of 2032, the area is projected to have a market revenue of USD 743 Mn. The rising number of cancer patients and the usage of cutting-edge medications on them are the driving forces behind the soaring sales of liposomal doxorubicin.

Other than this, China is the market for liposomal doxorubicin that is expanding at the second-highest rate, with a CAGR of 4.8%, and will have the second-highest value of USD 150 Mn by 2032, while the Japan area is expanding with a CAGR of 3.8% between 2022 and 2032, bringing in USD 121.2 Mn. The anticipated value of USD 87 Mn (2028) is also expected to increase in the UK alongside Japan at a CAGR of 4.5% between 2022 and 2028.

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FAQs

Liposomal Doxorubicin Market size was valued at USD 1.27 billion in 2022 and is poised to grow from USD 1.35 billion in 2023 to USD 2.16 billion by 2031, growing at a CAGR of 6.1% in the forecast period (2024- 2031).

The liposomal doxorubicin market is very capital intensive and dynamic due to the pharmaceutical industry's competitive environment. Additionally, businesses partner and merge with other businesses, which deepens their roots and broadens their manufacturing and distribution capabilities. In order to boost growth, consumer base, and market position globally, several firms have used business tactics like the introduction of new products, the development of technologies, partnerships, mergers, and the increase of production capacity. Johnson & Johnson unveiled the first doxil ever. 'Johnson & Johnson', 'Sun Pharmaceutical Industries Ltd.', 'Pfizer Inc.', 'Teva Pharmaceutical Industries Ltd.', 'Celsion Corporation', 'Gilead Sciences, Inc.', 'Eisai Co., Ltd.', 'Ligand Pharmaceuticals', 'Sandoz (a division of Novartis)', 'Eagle Pharmaceuticals, Inc.', 'Dr. Reddy's Laboratories Ltd.', 'Pacira BioSciences, Inc.', 'Formosa Laboratories, Inc.', 'Intas Pharmaceuticals Ltd.', 'Zydus Cadila', 'TTY Biopharm', 'Luye Pharma Group Ltd.', 'CP Pharmaceuticals Ltd.', 'Actavis (now part of Teva)', 'Ipsen S.A.'

One of the primary uses of liposomal doxorubicin is to treat breast cancer, which is increasing at an alarming rate in many nations. The increasing innovation in formulations is one of the main factors raising the drug's popularity and usage to treat breast cancer. These are a few of the elements promoting the market's expansion. Additional factors anticipated to fuel the market in the upcoming years include rising demand for pharmaceuticals used in targeted therapy, increased usage of chemotherapy treatments, and more significant investment by private companies in this application. Government support for the healthcare industry is another crucial element in expanding the market's reach.

Breast cancer is the most frequent cancer treated with doxorubicin, even though it is used to treat a variety of malignancies. The International Agency for Research on Cancer (IARC) reported in December 2020 that 1 in 4 cancer diagnoses in women worldwide are breast cancer cases.

The largest market is the US, which is expected to expand at a CAGR of 5.2% between 2022 and 2032. In North American nations like the US and Canada, where an unhealthy lifestyle and rising obesity rates are contributing to an increase in cancer cases, the market for liposomal doxorubicin is growing.

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Global Liposomal Doxorubicin Market

Report ID: SQMIG35I2216

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