Research Nester published a report titled “Leucovorin Calcium Market: Global Demand Analysis & Opportunity Outlook 2035” which delivers detailed overview of the global leucovorin calcium market in terms of market segmentation by graft type, end-user, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global leucovorin calcium market is estimated to grow at a robust CAGR over the forecast period, i.e., 2023 – 2035. The market is segmented on the basis of end-user into hospital, retail pharmacies, specialty clinics, and others. out of which, the hospital segment is anticipated to hold the notable share over the forecast period. This can be attributed to the increasing cancer patient pool at hospitals, backed by the higher acceptance of hospitals and growing prevalence of cancer.
The global leucovorin calcium market is anticipated to grow on the back of increasing prevalence of cancer, especially pancreatic and colon-rectum cancer, along with the rising cancer awareness across the globe. Moreover, the high cancer mortality rate in the world, is further estimated to drive the market growth. According to the data by the World Health Organization (WHO), over 10 million people died due to cancer, while colon and rectum cancer alone caused 916,000 deaths in 2020.
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On the basis of geographical analysis, the global leucovorin calcium market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the North America region is projected to gain notable growth over the forecast period, owing to the high prevalence of cancer in the region, along with the high healthcare expenditure in the developed countries. As per the data by the U.S. Centers for Medicare & Medicaid Services, the national healthcare expenditure grew by 9.7% to USD 4.1 trillion in 2020.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
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Rising Awareness for Cancer Treatment to Boost the Market Growth
With the advancement in technology and growing research activities, there is a surge in the availability for proficient cancer treatment methods. Moreover, the awareness regarding the rare colon-rectum cancer is also rising amongst people. As a result, the demand for treatment is also bound to increase, which is estimated to boost the market growth.
However, high cost of cancer treatment is expected to operate as key restraint to the growth of global leucovorin calcium market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global leucovorin calcium market which includes company profiling of PromoCell GmbH, Thermo Fisher Scientific Inc., Boehringer Ingelheim GmbH, Bayer AG, Abbott Laboratories, Merck & Co., Inc., Mylan N.V., Novartis International AG, and Pfizer Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global leucovorin calcium market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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