Research Nester released a report titled “Dexrazoxane Market: Global Demand Analysis & Opportunity Outlook 2028” which delivers a detailed overview of the global dexrazoxane market in terms of market segmentation by product type, by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis, and Porter’s five force model.
Dexrazoxane is an antimitotic, immunosuppressive agent. Dexrazoxane, the razoxane-enantiomorph, allows for cardioprotection against susceptibility to anthracycline. A toxic iron-anthracycline complex appears to be inhibiting the formation. The Food and Drug Administration has approved dexrazoxane as an orphan medication used to avoid or minimize the prevalence and mortality of cardiomyopathy caused by anthracycline.
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All these qualities of dexrazoxane, therefore oblige it to be a substantial drug that is being used in the oncology department, consequently, the growing number of cancer patients plays a significant factor in its market growth. The global dexrazoxane market is anticipated to record a significant CAGR over the forecast period, i.e., 2020-2028. In the product type, it is further segmented into 250mg and 500mg. Among the end-user, it is subdivided into hospitals and drugstore and the hospital segment is expected to show significant growth owing to the fact many oncology treatment hospitals have their pharmacy and hence will see the noteworthy growth.
Based on the region, the dexrazoxane market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. The market in North America is anticipated to hold the largest share on account of high demand for the dexrazoxane owing to many cancer healthcare facilities present in the region.
Upsurge In The Number Of Cancer Patients Around The Globe
According to the International Agency for Research on Cancer (IARC), there is a significant increase in the number of cancer patients, the global cancer burden increased to 18.1 million new cases, and 9.6 million deaths reported in 2018, with these numbers, the market for dexrazoxane is upscaling. But on the contrary, the side effects of overdosage or ineffectiveness towards pediatric patients may hamper the market growth.
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This report also provides the existing competitive scenario of some of the key players of the global dexrazoxane market which includes company profiling of Hikma Pharmaceuticals PLC (LON: HIK), Cumberland Pharmaceuticals Inc. (NASDAQ: CPIX), Gland Pharma Limited, Onxeo (EPA: ONXEO), Mylan N.V. (NASDAQ: MYL), Pfizer Inc. (NYSE: PFE), Clinigen Group plc. (LON: CLIN), Boehringer Ingelheim International GmbH and LGM Pharma. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments. On the whole, the report depicts a detailed overview of the global dexrazoxane market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies accordingly to the ongoing and expected trends in the future.
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