Opportunity Assessment of Gemcitabine HCl Market Reveals Profitable Avenues for Manufacturers

Tech-driven advancements in non-invasive treatment, and molecular diagnostics have been resulting in significant shifts in the healthcare sector over the last few decades. In addition, they have been playing an instrumental role in addressing all sorts of oncological disorders effectively.

Cancer is among the leading causes of mortalities across the globe. Alerted by the situation, governments in developed and developing regions are conducting awareness programs to reach the sections of the society where cancer awareness is abysmal. Moreover, agencies such as the food & drug administration (FDA) are showing promptness in approving drugs for cancer treatment. As these trends gain momentum, the global gemcitabine HCl market value will expand nearly 1.7X over 2020-2027, growing at a healthy growth rate.

For detailed insights on enhancing your product footprint, request for a sample here@ https://www.factmr.com/connectus/sample?flag=S&rep_id=4646

Key Takeaways of Gemcitabine HCl Market Study

  • Generic gemcitabine HCl drugs account for over 70% of total market value. Low costs associated with these drugs are responsible for their healthy growth curve.
  • Adoption of gemcitabine HCl is prominent in pancreatic cancer, and would capture over 2/5 of market value. This application is driven by an upsurge in caseloads of pancreatic cancer worldwide.
  • Hospitals continue to remain the primary end user, wherein gemcitabine HCl worth over half a billion dollars would be utilized. Manufacturers are also targeting cancer centers for sustained margin growth.
  • North America maintains its primacy in the gemcitabine HCl market. Conducive regulatory environment and shortage of injectable drugs are critical in defining market growth in the region. Asia Pacific (APAC) is also representing lucrative opportunities owing to rise in per capita healthcare expenditure.

For critical insights on this market, request for methodology here@ https://www.factmr.com/connectus/sample?flag=RM&rep_id=4646

“Development of generic drugs is relatively efficient compared to branded drugs in terms of time and cost as they are not required to undergo clinical trials and toxicity studies. Gemcitabine HCl are increasingly shifting towards generic drug development and are marketing them by filing Abbreviated New Drug Applications (ANDA)”, says Fact.MR Analyst.

Strategic Collaborations – Key Growth Engine

Manufacturers are entering into strategic collaborations with hospitals for cancer research studies for various cancer types in order to develop novel drugs and therapeutic treatments. For instance, Biocept, Inc. teamed up with MedStar Georgetown University Hospital, the U.S., for research on resistance of biomarkers in patients suffering from non-small cell lung cancer (NSCLC).

For comprehensive insights on this market adoption, ask an analyst here@ https://www.factmr.com/connectus/sample?flag=AE&rep_id=4646

In addition, market players have begun Patient Support Programs (PSP’s). For instance, Roche initiated the Blue Tree Program to share insights on the economic and psycho-social burden of patient’s journey. The company is also focusing on lowering the cost of manufacturing generic drugs, which could increase profit pool as well as decrease the overall burden on patients.

About Us:

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Contact:

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: sales@factmr.com
Visit Our Website: https://www.factmr.com

About the Author

Leave a Reply

Your email address will not be published.

You may also like these