Report Code: A10363 | Pages: NA | Mar 2023 | 1532 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Pemetrexed Market
Request Now !Pemetrexed is a chemotherapy for the treatment of pleural mesothelioma and non-small cell lung cancer. In 2004, the Food and Drug Administration approved first pemetrexed for treatment of malignant pleural mesothelioma. Pleural mesothelioma is the type of tumor of the mesothelium, the thin layer of tissue that covers many of the internal organs, in combination with cisplatin. This medicine prepared for patients whose disease is either unrespectable or who are not otherwise candidates for curative surgery. In 2008, the FDA approved pemetrexed as a first-line treatment, in combination with cisplatin, against metastatic non-small cell lung cancer (NSCLC) in patients with non-squamous histology. “Eli Lilly and Company”, was the first who introduce the drug treatment for various forms of cancer. They launched “Alimta” drug for the treatment of types of cancer such as Lung, Liver, Colorectal, Stomach, Breast, and others. Most cancers that start in the lung, known as primary lung cancers, are carcinomas. The two main types are small-cell lung carcinoma (SCLC) and non-small-cell lung carcinoma (NSCLC). Pemetrexed is widely used to treat the non-small lung carcinoma.
Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value ($USD) |
Segments covered | By Strength, Distribution Channel, End User |
Region covered | North America (U.S., Canada), Europe (U.K, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea and Rest of Asia-Pacific), LANTAM (Brazil, Mexico, Argentina and Rest of Latin America), Middle East & Africa (South Africa, Suadi Arabia and UAE) |
Companies covered | Major players analyzed include, Eli Lilly and Company, Stada Arzneimittel AG, Eagle Pharmaceuticals, Inc., FRESENIUS KABI, TEVA PHARMACEUTICAL INDUSTRIES LTD., Biocon, Qilu Pharmaceutical, Pfizer, APOTEX, Abbott Laboratries, Fresenius KABI, Dr. Reddys Laboratries, Cadila Healtcare Limited, Accord Healthcare Inc., Accure Lans Pvt, Ltd. |
COVID-19 Scenario Analysis:
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicines supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunity for manufacturers of COVID-19 management drugs, as many developed countries are short of these drugs. Owing to the demand for vaccine and treatment drugs for COVID-19, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future.
As the COVID-19 virus outbreak in December 2019, the disease has spread to almost 100 countries across the globe with the “World Health Organization” announcing it a public health emergency. The global impacts of the COVID-19 pandemic are already starting to be felt, and will significantly affect the pemetrexed market in 2020. COVID-19 can affect the global economy in three main ways by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.
Globally, North America contribute the largest market share and dominate the pemetrexed market, due to the increasing incidence of non-small cell lung cancer and presence of major market player. However, Asia- Pacific expected to expand market growth rate due to increasing demand for the treatment of lung cancer, rising incidence of cancer and growing R&D activities
According to WHO, around 7.6 million deaths of patient were found due to the cancer. Cancer is one of the leading cause of death across the globe. More than 70 percent of all cancer deaths occurred in developing countries. “American Cancer Society” reported that in 2017, around 13% of all new cancers are lung cancer. Also reported that lung cancer include both small cell and non-small cell is the second most common type of cancer in U.S. “American Cancer Society” stated that in 2019, around 228,150 new cases of lung cancer would be diagnosed in the U.S. and survival rate for non-small cell lung cancer in stage I.
The factor such as “rising intake of chemotherapy drugs, increasing demand for the treatment associated with cancer, rising Instances of lung cancer. Lung cancer, also known as lung carcinoma, is a malignant lung tumour characterized by uncontrolled cell growth in tissues of the lung, rising government initiative and the presence of favourable government policies, Launch of generic version at low price is expected to rise adoption of the drug, Approval of novel indications of pemetrexed are drive the growth of pemetrexed market. A factor that restrain the growth of the market is the high cost of chemotherapy drug development. The major opportunities available for pemetrexed market includes, increasing R&D activities, introducing new advanced therapy for lung cancer, presence of favourable government initiative, rising investment in R&D, increasing launch of new product
Major Key market manufacturer have been focusing on increasing research and development activities and producing new product solution for specific applications as there are varying demands based on the utilization. Leading market players have determined how improved accuracy can be influential in many applications. Eli Lilly and Company sold the Pemetrexed, under brand name “Alimta”. It is a chemotherapy drug indicated for the treatment of pleural mesothelioma and non-small cell lung cancer.
In 2004, Eli Lilly and Company received U.S. Food and Drug Administration approval for pemetrexed for treatment of malignant pleural mesothelioma, and in 2008, company received another approval from FDA for “Alimta” is a folate analog metabolic inhibitor and in combinations with certain drugs it is indicated for various diseases. This prescribed for the treatment of advanced and metastatic non-small cell lung cancer.
In 2018, “STADAPHARM GmbH”, has launched “Pemetrexed STADA” a generic version of Alimta in Europe.
In 2018, Eli Lilly and Company received the U.S. Food and Drug Administration (FDA) approval for “Carboplatin and KEYTRUDA” for the l treatment of patients with metastatic nonsquamous non-small cell lung cancer (NSCLC).
In 2017, “Eagle Pharmaceuticals Inc.” has received the U.S. Food and Drug Administration tentative approval for its diluted version of Eli Lilly and Company blockbuster cancer drug Alimta.
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Questions answered in the Pemetrexed Market research report:
Pemetrexed Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Eli Lilly and Company, Stada Arzneimittel AG, Eagle Pharmaceuticals, Inc, FRESENIUS KABI, TEVA PHARMACEUTICAL INDUSTRIES LTD., Biocon, Qilu Pharmaceutical, Pfizer, APOTEX, Abbott Laboratries |
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