Deferiprone Market – Regional Insights
On the basis of region, the global deferiprone market is segmented into North America, Europe, Latin America, Asia Pacific, Middle East, and Africa. North America holds the major market share in the global deferiprone market, owing to better medical facilities, high adoption of innovative products, and rising awareness among the populace in the region. Moreover, increased government support for the population is propelling growth of the deferiprone market in the region. For instance, according to study published in the American Journal of Public Health 2016, the U.S. government spending on healthcare accounted for US$ 5,960 per capita, highest of any country in 2013.
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Innovative development is increasing the healthcare availability to the populace in Asia Pacific, as pharmaceutical manufacturing companies are increasingly investing in the region, thus propelling growth of the deferiprone market in Asia Pacific. For instance, In 2014 Cipla an Indian multinational pharmaceutical and Biotechnology Company, invested around US$ 99,045,000 for research and development.
Deferiprone Market – Competitive Landscape
The two major players operating in the deferiprone market are Apotex and Cipla Limited. Key market player are engaged in adopting various growth strategies such as mergers, collaborations, acquisition, and introduction of new products in order to strengthen their position in the global market. For instance, in 2016, Cipla limited completed its US$ 550-million acquisition of generic drug key manufactures, Exelan Pharma and InvaGen. This acquisition is expected to boost Cipla Limited’s U.S. business, by providing Cipla with 32 marketed products, 40 approved abbreviated new drug applications (ANDAs), and a pipeline of 30 products, which are expected to be approved in the near future.
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