Cytotoxic Drugs Market Size
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
CAGR | 1.20 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
Cytotoxic Drugs Market Analysis
The global cytotoxic drugs market size is expected to register a CAGR of 1.2% over the forecast period. The availability of novel drugs, presence of strong pipeline, and supportive government legislation for disease awareness are among the key trends in escalating market growth. Besides this, the growing incidence of cancer, coupled with increasing geriatric population and unorganized lifestyle, is estimated to provide a fillip to the market. As per the World Health Organization, cancer is the second-leading cause of death globally and is responsible for an estimated 9.6 million deaths in 2018. Globally, about one in six deaths are due to cancer. Treatment of cancer majorly includes chemotherapy that involves the use of cytotoxic drugs to inhibit cell division. The increasing number of chemotherapy procedures being performed due to rising cases of cancer is expected to increase the demand for cytotoxic drugs, which may drive the market studied.
The future of the cytotoxic drugs market has a high probability of gaining an array of novel therapies, with multiple first-in-class developments in each major target family, broadening the scope of potential benefits for patients. The R&D spending from companies, like Johnson & Johnson Services Inc., Eli Lilly and Company, Pfizer Inc., Mylan NV, has increased exponentially.
The wide range of pipeline drugs possessing high probability of approval in clinical trials in the future is predicted to provide lucrative growth opportunities to cytotoxic drugs market. For instance, AstraZeneca collaborated with Parexel for the development of novel drug with combination of cytotoxic chemotherapy and AZD7648 so as to treat advanced malignancies. Thus, it is anticipated to drive the growth of the market studied.
However, complications associated with cytotoxic drugs and high cost of these drugs may lead to a steep decrease for the market studied.
Cytotoxic Drugs Market Trends
This section covers the major market trends shaping the Cytotoxic Drugs Market according to our research experts:
The Breast Cancer Segment Is Anticipated To Expand At The Fastest CAGR And Is Expected To Continue The Same During The Forecast Period
- Breast cancer is expected to register a lucrative CAGR during the forecast period. Rising prevalence of the disease, along with emerging novel therapies, are some of the major factors likely to drive the segment. According to the World Health Organization, in 2018, breast cancer is the most frequent cancer among women, impacting 2.1 million women each year, and also causes the greatest number of cancer-related deaths among women.
- The high growth potential attained is a consequence of upsurge in the patient pool suffering from breast cancer. This can be attributed to a significant increase in the demand for cytotoxic drugs.
- Initiatives undertaken by various organizations to create awareness, educate people, and raise funds for the disease are anticipated to propel the segmental growth. For instance, the Ministry of Health and Family Welfare runs the breast cancer awareness month Campaign and educate people about breast cancer. This is likely to propel the growth of the segment, thereby, increasing the demand for cytotoxic drugs.
The North America Dominates the Market and is Expected to Continue the Same during the Forecast Period
Increasing awareness and presence of established R&D infrastructure are among the key factors contributing to the growth of the market in North America. Moreover, the presence of key players such as Pfizer, Johnson & Johnson, and Fresenius Kabi AG in the region is expected to drive the growth. Rising awareness about the benefits of early detection of cancer has driven the U.S.-based companies to make considerable investments in the development of targeted therapy drugs.
Asia Pacific is anticipated to expand at the fastest CAGR during the forecast period. Rapid growth in global demand for drugs has encouraged major drug manufacturers to set up facilities for manufacturing and R&D in this region. Initiatives undertaken by various organizations to create awareness, educate people, and raise funds for the disease is anticipated to propel regional growth.
Cytotoxic Drugs Industry Overview
The cytotoxic drugs market is moderately competitive and consists of local as well as global players. The major players include companies, such as Teva Pharmaceuticals USA Inc., Cipla Ltd, Mylan N.V., Pfizer Inc., Johnson & Johnson, and Fresenius Kabi AG, among others.
Growing collaborations, product differentiation, and initiatives for increasing awareness about cancer treatment are some of the key strategies adopted by these companies to maintain their market position. For instance, in December 2019, Johnson & Johnson runs the financial assistance programs available for DOXIL used in the treatment of cancer that provide free or low-cost health coverage to patients. This was carried out to expand the treatment options and gain a competitive advantage.
Cytotoxic Drugs Market Leaders
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Teva Pharmaceuticals USA
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Pfizer Inc.
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Fresenius Kabi AG
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Johnson & Johnson
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Mylan N.V
*Disclaimer: Major Players sorted in no particular order
Cytotoxic Drugs Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Increased Incidence of Target Disease
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4.2.2 Supportive Government Legislation
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4.2.3 Strong R&D Initiatives from Key Players
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4.3 Market Restraints
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4.3.1 Complications Associated with Cytotoxic Drugs
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4.3.2 High Cost of Cytotoxic Cancer Drugs
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4.4 Porter's Five Forces Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Route of Administration
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5.1.1 Parenteral
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5.1.2 Oral
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5.2 By Drug Type
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5.2.1 Alkylating Agents
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5.2.2 Antitumor Antibiotics
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5.2.3 Antimetabolites
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5.2.4 Plant Alkaloids
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5.2.5 Other Drug Types
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5.3 By Application
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5.3.1 Breast Cancer
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5.3.2 Prostate Cancer
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5.3.3 Lung Cancer
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5.3.4 Pancreatic Cancer
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5.3.5 Other Applications
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5.4 Geography
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5.4.1 North America
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5.4.1.1 United States
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5.4.1.2 Canada
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5.4.1.3 Mexico
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5.4.2 Europe
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5.4.2.1 Germany
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5.4.2.2 United Kingdom
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5.4.2.3 France
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5.4.2.4 Italy
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5.4.2.5 Spain
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5.4.2.6 Rest of Europe
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5.4.3 Asia-Pacific
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5.4.3.1 China
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5.4.3.2 Japan
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5.4.3.3 India
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5.4.3.4 Australia
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5.4.3.5 South Korea
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5.4.3.6 Rest of Asia-Pacific
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5.4.4 Middle East & Africa
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5.4.4.1 GCC
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5.4.4.2 South Africa
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5.4.4.3 Rest of Middle East & Africa
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5.4.5 South America
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5.4.5.1 Brazil
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5.4.5.2 Argentina
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5.4.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Baxter Healthcare Corporation
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6.1.2 Cipla Ltd
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6.1.3 Eli Lilly and Company
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6.1.4 Fresenius Kabi AG
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6.1.5 Johnson & Johnson
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6.1.6 Mylan NV
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6.1.7 Novartis
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6.1.8 Pfizer Inc.
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6.1.9 Sun Pharmaceuticals
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6.1.10 Teva Pharmaceuticals USA Inc.
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Cytotoxic Drugs Industry Segmentation
As per the scope of the report, cytotoxic drugs or cytostatics (also cytotoxic chemotherapy) are drugs used to destroy cancer cells. Cytotoxic drugs inhibit cell division and in this way cause cancer cells to die. Cytotoxic drugs are transported in the bloodstream throughout the body. Cytotoxic drugs market is segmented by drug type, route of administration, application, and geography.
By Route of Administration | |
Parenteral | |
Oral |
By Drug Type | |
Alkylating Agents | |
Antitumor Antibiotics | |
Antimetabolites | |
Plant Alkaloids | |
Other Drug Types |
By Application | |
Breast Cancer | |
Prostate Cancer | |
Lung Cancer | |
Pancreatic Cancer | |
Other Applications |
Geography | ||||||||
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Cytotoxic Drugs Market Research FAQs
What is the current Cytotoxic Drugs Market size?
The Cytotoxic Drugs Market is projected to register a CAGR of 1.20% during the forecast period (2024-2029)
Who are the key players in Cytotoxic Drugs Market?
Teva Pharmaceuticals USA , Pfizer Inc., Fresenius Kabi AG, Johnson & Johnson and Mylan N.V are the major companies operating in the Cytotoxic Drugs Market.
Which is the fastest growing region in Cytotoxic Drugs Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Cytotoxic Drugs Market?
In 2024, the North America accounts for the largest market share in Cytotoxic Drugs Market.
What years does this Cytotoxic Drugs Market cover?
The report covers the Cytotoxic Drugs Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Cytotoxic Drugs Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Cytotoxic Drugs Industry Report
Statistics for the 2024 Cytotoxic Drugs market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Cytotoxic Drugs analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.