Gemcitabine Hydrochloride Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Gemcitabine Hydrochloride Market is expected to register a CAGR of 7.1% during the forecast period. Growing research & development activities and growing burden of cancer diseases is expected to drive the gemcitabine hydrochloride market growth. According to World Health Organization, the incidence of cancer in 2018 was around 18.1 million worldwide. Furthermore, approximately 9.6 million of deaths occurred globally and Europe accounts for 20.3% of deaths. According to a study published in MDPI, in 2019, co-delivering technique in case of gemcitabine hydrochloride enhanced the survival rate in pancreatic patients. However, the rigorous regulatory framework for approvals of the product may impel the global gemcitabine hydrochloride market growth.

Key Market Trends

Lung Cancer Segment is Expected to Hold a Major Market Share in the Gemcitabine Hydrochloride Market

• Lung Cancer has registered highest number of deaths, i.e., 1.8 million (approximately) worldwide according to the World Health Organization. Furthermore, lung cancer is among the top five cancers in terms of incidence rate. According to the World Health Organization, around 2.1 million new cases of lung cancer were diagnosed worldwide. Lung cancer commonly occurs in men, around 22% of deaths of lung cancer caused in men. According to the same source, around 14.5% is affected to men out of total cases of lung cancer. Non-small cell lung cancer is the most prevalent one. According to American Cancer Society, around 84% of lung cancer is non-small cell lung cancer.
• Also, research & development activities related to lung cancer is expected to boost this segment. According to the study published by MDPI in 2019, gemciatbine hydrochloride in combination with Danggui Buxue decoction exhibited the enhanced inhibition effect for tumor growth in lungs.

North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period

North America is expected to hold a major market share in the global gemcitabine hydrochloride market due to increasing burden of cancer diseases and advancement in product. Breast cancer is usually caused due to abnormal growth of cells in the tissues that are made up of glands (invasive) or in the ducts (in-situ). According to the American Cancer Society, Inc. in 2017, around 63,410 new cases were diagnosed in women in the United States. Moreover, approximately, 252,710 new cases were diagnosed with invasive breast cancer.

Competitive Landscape

The Gemcitabine Hydrochloride Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Eli Lilly & Co., Accord Healthcare Inc., Pfizer Inc. (Hospira Inc.), Apotex Inc., Fressenius Kabi USA, Gland Pharma Ltd., Mylan Pharmaceuticals Inc., Sagent Pharmaceuticals Inc., Teva Pharmaceuticals Ltd. and JIANGSU HANSOH PHARMACEUTICAL GROUP CO LTD

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