Growth in disease prevalence, increased per capita income, enhanced awareness, and improved health care infrastructure is supporting growth of the target market

The global platinum-based drugs market accounted for US$ 1.4 billion in 2020 and is estimated to be 2.0 billion by 2029 and is anticipated to register a CAGR of 3.7%. The report. "Global Platinum-based Drugs Market, By Type (Cisplatin, Oxaliplatin, Carboplatin, and Other), By Application (Colorectal Cancer, Ovarian Cancer, Lung Cancer, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”.

Key highlights:

In February 2017, Baxter International Inc. moved into a strategic partnership with ScinoPharm Taiwan, Ltd., which is one of the dominating producers of active pharmaceutical ingredient (API). This partnership is focused on the manufacturing, development, and commercialization of five injectable drugs.
In March 2017, Pfizer Inc. and Merck declared the FDA approval of BAVENCIO (avelumab) Injection, for intravenous use which is utilized for the treatment of adults and pediatric patients and with metastatic Merkel cell carcinoma (mMCC).
Analyst View:

Growth in prevalence of cancer

Increasing incidence of cancer is a major driving factor of the global platinum-based drugs market. As per National Cancer Institute report, the number of new cancer cases per year is projected to increase to 23.6 million by 2030. Platinum based cancer drugs market involves recent developments such as development of analog platinum drugs including platinum carrier molecule complexes to boost targeted concentration of drugs in cancer tumor. According to the WHO report, cancer is the second dominating cause of death worldwide, and estimates for an approximately 9.6 million deaths in 2018, including lung cancer estimating for 2.09 million cases.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Platinum-based Drugs Market”, By Type (Cisplatin, Oxaliplatin, Carboplatin, and Other), By Application (Colorectal Cancer, Ovarian Cancer, Lung Cancer, and Other), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030

Key Market Insights from the report:

The global platinum-based drugs market accounted for US$ 1.4 billion in 2020 and is estimated to be 2.0 billion by 2029 and is anticipated to register a CAGR of 3.7%. The market report has been segmented on the basis of type, application, and region.

By type, cisplatin segment accounted highest share of the market in 2017 and is projected to dominate its leadership position in the future. Cisplatin is mainly effective in testicular cancer and is directed intravenously. Carboplatin, a derivative of cisplatin, is used to treat various cancers including lung, ovarian, brain, and others.
By application, the lung cancer segment lead the market in 2017 owing to high prevalence of lung cancer globally.
By region, North America leads the global market in 2018 owing to growing incidence of cancer in the region, expansions in platinum-based drugs, and recent FDA approvals. Asia Pacific market is expand to grow at the highest CAGR due to rise in prevalence of diseases, increase in per capita income, improvement in health care infrastructure, and surge in awareness.
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Competitive Landscape:

The prominent player operating in the global platinum-based drugs market includes Pfizer, Inc., Ask-Pharma, Mylan N.V., Sanofi, Sun Pharmaceutical Industries Ltd., Accord Healthcare, Guizhou YiBai Pharmaceutical Co., Ltd., Novartis AG, Teva Pharmaceutical Industries Ltd., and Qilu Pharmaceutical Co., Ltd.

The market provides detailed information regarding industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory framework across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included into the report.

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Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces Analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period
Key Topics Covered

Introduction
Study Deliverables
Study Assumptions
Scope of the Study
Research Methodology
Executive Summary
Opportunity Map Analysis
Market at Glance
Market Share (%) and BPS Analysis, by Region
Competitive Landscape
Heat Map Analysis
Market Presence and Specificity Analysis
Investment Analysis
Competitive Analysis
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