
Published On: Oct 2022
Published On: Oct 2022
At 3.7% CAGR, the North America Epirubicin Market is projected to be worth US$ 1,18,596.58 thousand by 2028, says Business Market Insights
According to Business Market Insights’ research, the North America epirubicin market was valued at US$ 95,445.28 thousand in 2022 and is expected to reach US$ 1,18,596.58 thousand by 2028, registering an annual growth rate of 3.7% from 2022 to 2028. Rising prevalence of cancer and rising FDA approvals for cancer drugs are the critical factors attributed to the market expansion.
Epirubicin is an anticancer drug that falls under the category of anthracyclines and is used to treat breast cancer, stomach cancers, etc. It reduces the risk of relapse by attacking any remaining tumor cells after surgery or radiation therapy has removed most of them. According to the American Cancer Society, the global burden of cancer is estimated to have risen to 19.3 thousand new cases in 2021 and 10.0 thousand deaths in 2020. As per the National Cancer Institute (US), an increase in the incidence and prevalence of cancer has a significant impact on society. According to stats by the institute, in the US, nearly 1.8 thousand people were diagnosed with cancer, and about 606,520 people developed the disease in 2020. According to the Centers for Disease Control and Prevention (CDC), each year in the US, about 24,500 men and 10,000 women get liver cancer, and about 18,600 men and 9,000 women die from the disease. According to the International Agency for Research on Cancer, in 2020, the incidence of breast cancer was 2,261,419, accounting for approximately 11.7% of the total cancer cases. Moreover, the disease accounted for 684,996 mortalities in 2020. Thus, the high incidence rate associated with cancer is expected to impact market growth significantly. The percentage of people who get liver cancer has been rising for several decades. Liver cancer very common in several parts of the region. Hence, the rising prevalence of cancer cases is driving the epirubicin market across the region.
On the contrary, elevated risk of adverse effects due to epirubicin hurdles the growth of North America epirubicin market.
Key players dominating the North America epirubicin market are Areva Pharmaceuticals, Fresenius Kabi AG, Hikma Pharmaceuticals PLC, Mylan N.V., Pfizer Inc., Salius Pharma Pvt Ltd, and Teva Pharmaceutical Industries Ltd. among others.
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