Global Fluorouracil (5FU) Market Size By Type, By Route Of Administration, By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Global Fluorouracil (5FU) Market Size By Type, By Route Of Administration, By Geographic Scope And Forecast
Fluorouracil (5FU) Market Size And Forecast
Fluorouracil (5FU) Market size was valued at USD 2.45 Billion in 2023 and is projected to reach USD 4.34 Billion by 2030, growing at a CAGR of 7.7% from 2024 to 2030.
Fluorouracil is a drug that is used to treat cancers such as pancreatic cancer, colon cancer, cervical cancer, and breast cancer, among others. The increased incidence of cancer around the world will be a major market driver. The Global Fluorouracil (5FU) Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Fluorouracil (5FU) Market Definition
Fluorouracil is an antimetabolite and pyrimidine chemical molecule that has been successfully utilized to treat cancer all over the world. Fluorouracil is the most effective and safest cancer treatment, according to the World Health Organization’s list of essential medications. Noncommunicable diseases, such as cancer, are becoming more prevalent. The most potent and successful first-line medication treatment for cancer is fluorouracil. As a result, pharmaceutical companies are spending on research and development, which is predicted to help the market grow.
According to the World Health Organization (WHO), cancer caused over 3.7 million new cases and 1.9 million deaths in Europe in 2012, making it the second-highest cause of death and morbidity in the continent. As a result, pharmaceutical companies are concentrating their efforts on the development of novel fluorouracil-based conjugate treatments. Anal, breast, colorectal, esophageal, stomach, pancreatic, and skin cancers have all been treated with fluorouracil (especially head and neck cancers). It’s also been used to treat actinic keratoses, skin malignancies, Bowen’s disease, as well as ocular surface squamous neoplasia with eye drops.
Ocular injections into a previously produced trabeculectomy bleb to impede healing and promote tissue scarring, allowing enough aqueous humor flow to lower intraocular pressure, are another application. It is not recommended for patients who are severely disabled or who have had their bone marrow suppressed by radiotherapy or chemotherapy.
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Global Fluorouracil (5FU) Market Overview
Noncommunicable diseases, such as cancer, are becoming more prevalent. The most potent and successful first-line medication treatment for cancer is fluorouracil. As a result, pharmaceutical companies are spending on research and development, which is predicted to help the market grow. For example, Shire plc stated in 2016 that the European Commission had approved ONIVYDE for the treatment of metastatic pancreatic adenocarcinoma in combination with 5-fluorouracil and leucovorin in adults. In addition, Accord Healthcare announced the launch of a fluorouracil injectable in Australia in 2019. The worldwide Fluorouracil (5FU) Market is predicted to be driven by these factors.
Ever since COVID-19 popped up in 2019, it's been all over the globe, putting a damper on a bunch of industries. Looks like the Global Fluorouracil (5FU) Market might see some slower growth too. You see, the National Cancer Institute of the United States says that cancer treatments like chemotherapy can mess with your immune system, making you more susceptible to COVID-19. Now, Fluorouracil is a key chemotherapy drug for cancer patients, which means they might be at a higher risk of catching the virus. On top of that, 5-Fluorouracil often leads to tummy troubles and nerve damage in the gut for many patients.
And get thisthe sky-high price of skin cancer meds is really holding the market back. I mean, in the United States, can you believe a little jar—30 grams—of 5-fluorouracil cream (0.5%) can set you back around US$ 1,253? Ouch! So, yeah, the Global Fluorouracil (5FU) Market isn't exactly booming because of that. Now, fluorouracil is used for all sorts of cancers, like colon, esophageal, stomach, breast, and cervical, just to name a few. Right now, all the companies are super focused on upgrading their tech skills. Plus, these vendors are trying to grow their Fluorouracil product lines and create new stuff to grab a bigger slice of the market pie. Looking ahead, if we can just raise awareness and put more money into R&D, it should unlock some awesome new opportunities.
Global Fluorouracil (5FU) Market Segmentation Analysis
The Global Fluorouracil (5FU) Market Is Segmented On The Basis Of Type, Route of Administration, And Geography.
Fluorouracil (5FU) Market, By Type
Injectable
Capsules
Tablets
Based On Type, The Market is bifurcated into Injections, Capsules, and Tablets. Because the substance is injected directly into the bloodstream, there is no delay in the beginning of effects due to absorption of the substance into the bloodstream, the parental route of drug administration is frequently utilized.
Fluorouracil (5FU) Market, By Route of Administration
Parental
Oral
Others
Based On Route of Administration, The Market is bifurcated into Parental, Oral, and Others. Because the substance is injected directly into the bloodstream, there is no delay at the beginning of effects due to absorption of the substance into the bloodstream, the parental route of drug administration is frequently utilized.
Fluorouracil (5FU) Market, By Geography
North America
Europe
Asia Pacific
Rest of the world
On The Basis Of Geography, the Global Fluorouracil (5FU) Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America dominates the market attributing to the fact that, Since the last decade, the burden of cancer and non-communicable disease has increased across North America. For example, the National Cancer Institute estimates that 1,735,350 new cancer cases were diagnosed in the United States in 2018. Governments and non-governmental organizations have launched a variety of efforts.
Key Players
The “Global Fluorouracil (5FU) Market” study report will provide valuable insight with an emphasis on the global market. The major players in the Market are Nantong Haier’s Pharmaceutical co. ltd, Jinghua Pharmaceutical Co., Ltd, DCS Pharma AG, Glaxo Smith Kline Pharmaceuticals Ltd, Dabur Pharmaceuticals Ltd, Taj Pharmaceuticals Limited, Dolder Ltd. Taj Pharmaceuticals Limited, Neon Laboratories Ltd and Cadila Pharmaceuticals Ltd. The competitive landscape section also includes key development strategies, Market share, and market ranking analysis of the above-mentioned players globally.
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