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The rise in the prevalence of breast cancer among the developed nations has fueled the demand for cytotoxic drug market

HYDERABAD, TELANGANA, INDIA, January 17, 2023 /EINPresswire.com/ -- The cytotoxic Drugs Market size is estimated to reach $17.8 billion by 2026, growing at a CAGR of 6.2% during the forecast period 2021-2026. Cytotoxic Drugs are a group of medicines that are used to treat different types of cancers. These drugs are effective on the dividing cells in the body, including the non-cancerous cells. These drugs reduce the metastasis of cancer and also help in improving the outcomes of surgery. Rise in the adoption of cytotoxic chemotherapy for the treatment of breast cancer, an increase in the prevalence of lung cancer, growing awareness about the importance of early treatment of cancer, increasing demand for alkylating agents and antitumor antibiotics for the treatment of various cancers in developed nations, and rise in the government initiatives to create awareness and raise funds for the disease are the factors that are set to drive the growth of the Cytotoxic Drugs Market for the period 2021-2026.

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Key Takeaways

1. Geographically, the North American Cytotoxic Drugs Market accounted for the highest revenue share in 2020 and it is poised to dominate over the period 2021-2026 owing to the growing awareness about the importance of early detection of various cancers.

2. The increasing demand for antitumor antibiotics for the treatment of breast cancer is driving the growth of the Breast Cancer segment.

3. The side effects associated with cytotoxic drugs are one of the major factors that are said to reduce the growth of the Cytotoxic Drugs Market.

4. Detailed analysis of the Strength, Weaknesses, and Opportunities of the prominent players operating in the market will be provided in the Cytotoxic Drugs Market report.

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Segmental Analysis:

1. The Cytotoxic Drugs Market based on the Type can be further segmented into Alkylating Agents, Antitumor Antibiotics, Plant Alkaloids, Antimetabolites, and Others. The Antimetabolites segment held the largest share in 2020 and is also estimated to be the fastest-growing segment with a CAGR of 7.4% over the period 2021-2026. This growth is owing to its growing applications in leukaemia and gastrointestinal cancers. Antimetabolites have the ability to make tumour stop growing or shrinking, which is driving the growth of the Cytotoxic Drugs Market. Antimetabolites exert their cytotoxic effects by interfering with DNA synthesis.

2. The Cytotoxic Drugs Market based on the Application can be further segmented into Breast Cancer, Lung Cancer, Prostate Cancer, Pancreatic Cancer, and Others. The Breast Cancer segment held the largest share in 2020 owing to the factors such as an increase in the adoption of cytotoxic chemotherapy for the treatment of breast cancer, an increase in the number of females suffering from breast cancer, and growing exposure to harmful radiation. The increasing demand for antitumor antibiotics for the treatment of breast cancer is driving the growth of the Cytotoxic Drugs Market. The Lung Cancer segment is estimated to be the fastest-growing segment with a CAGR of 7.2% over the period 2021-2026.

3. North America held the largest share with 31% of the overall market in 2020. The growth in this segment is owing to the factors such as an increase in the adoption of plant alkaloids, a rise in the prevalence of breast cancer, and growing awareness about the importance of early detection of cancer. The rise in the adoption of cytotoxic chemotherapy in the region is driving the growth of the Cytotoxic Drugs Market. Asia-Pacific is estimated to be the fastest-growing segment over the period 2021-2026.

Competitive Landscape:

The top 5 players in the Cytotoxic Drugs Industry are -

1. Teva Pharmaceuticals
2. Novartis
3. Pfizer
4. Johnson & Johnson
5. Eli Lilly and Company

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