USD 161.1 million
Report ID: SQSG15E2023 | Region: Global | Published Date: July, 2023 | Pages: 157 | Tables: 63 | Figures: 75
Global Mitomycin Market size was valued at USD 161.1 million in 2021 and is poised to grow from USD 175.7 million in 2022 to USD 362.2 million by 2030, growing at a CAGR of 9.1% in the forecast period (2023-2030).
Mitomycin is a cancer treatment medicine that prevents or significantly delays the division of active cells by influencing their metabolism in various ways. The therapeutic application of medicinal products for cancer treatment is since cancer cells differ from normal cells in the body in that their rate of cell division is increased due to a lack of control over their growth.
It has been a blockbuster drug for cancer treatment since its FDA approval in 1974. It accelerates the chemotherapy process and, eventually, the entire treatment by inhibiting DNA synthesis. The market has experienced tremendous growth in recent years. The significant increase in cancer cases worldwide has greatly increased its demand.
US Mitomycin Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 161.1 million
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Mitomycin Market is segmented based on the Component, Type, Application, and Region. Based on the Type, the Mitomycin Market is segmented as 2mg and 10mg and others. Based on the Application, the Mitomycin Market is segmented as Cancer Treatment, Ophthalmic Use, and others. Based on Region Mitomycin Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Mitomycin Market Analysis by Application
In terms of application, Cancer treatment dominated the global market in 2021 and is projected to show a similar trend over the forecast period. Mitomycin has a broad clinical antitumor spectrum, with effectiveness in a variety of tumour types including gastric cancer, pancreatic cancer, breast cancer, non-small cell lung cancer, cervical cancer, prostate cancer, and bladder cancer.
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Asia Pacific is quickly emerging as a lucrative market for mitomycin, with Japan emerging as the world's leading supplier of this drug. Its production is also increasing significantly in India, which benefits the Asia Pacific market. Leading manufacturers are actively expanding their operations in this region, which is expected to boost its prominence in the global market.
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Mitomycin Market Driver
Increasing Ophthalmology Utilization Creates Opportunities for Drugmakers
Mitomycin Market Restraint
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The worldwide mitomycin market has a low level of competition. A few players wield considerable power, including Kyowa-kirin, Intas Pharmaceuticals, Speciality European Pharma, Teva Pharmaceuticals, Bristol-Myers Squibb, Rocket Pharmaceuticals, and Aspen. These firms are continually attempting to produce improved items in order to provide their customers with highly efficient medications. As an example: Rocket Pharma has announced the start of a stage 2 study for a medication intended to be used in gene therapy for the treatment of fanconi anaemia, a rare condition. This trial stage will largely assess this drug's resistance to mitomycin C, a DNA damaging chemo agent, over a one-year period.
Mitomycin Market Top Player's Company Profiles
Mitomycin Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Market Analysis, Global Mitomycin Market is relatively consolidated, with a low level of competition. Companies are working on studies and products are in pipeline. These industry leaders are expanding their client base in a variety of ways, and many organizations are forming strategic and creative partnerships with other start-up businesses to increase market share and profitability.
|Market size value in 2021||USD 161.1 million|
|Market size value in 2030||USD 175.7 million|
|Forecast Unit (Value)||USD Million|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global Mitomycin Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Mitomycin Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Mitomycin Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Mitomycin Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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