The tamoxifen market was worth US$ 676.6 million in 2017, and is predicted to grow to US$ 687.44 Mn by 2032, with a CAGR of 0.07%.
Attributes
Details
Tamoxifen Market (CAGR)
0.07%
Tamoxifen Market (2032)
US$ 687.44 Million
Tamoxifen is a selective estrogen receptor modulator that decreases the risk of invasive breast cancer and is used to treat estrogen receptor-positive breast cancer. It is the therapy of choice for premenopausal women. Retroperitoneal fibrosis, gynecomastia, infertility, and idiopathic sclerosing mesenteritis are all treated with tamoxifen off-label.
The emergence of combination therapies and additional therapeutic indications for tamoxifen will expand the demand for tamoxifen, as will rising cancer prevalence, rising healthcare expenditure, development of treatment options, rising government funding, rising initiatives by government and private organizations to spread awareness about breast cancer, and rising initiatives by government and private organizations to spread awareness about breast cancer.
The tamoxifen market will benefit from increased research and development efforts as well as growing economies.
However, the high cost of medication and side effects associated with tamoxifen, such as menstrual changes, hot flashes, nausea, vaginal discharge, weight loss, blurred vision, new breast lump, high calcium levels in the blood, and liver problems, will inhibit tamoxifen market growth and pose a new challenge to the sales of tamoxifen during the forecast period.
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What are the Growth Propellers to the Tamoxifen Market Share?
The widespread demand for tamoxifen as adjuvant therapy, as well as the proven long-term efficacy of hormone therapy for management and control of breast cancer across various stages of treatment, in geriatric patients who cannot opt for surgery and late-stage and recurrent breast cancer, are the primary factors driving demand for tamoxifen and sales of tamoxifen.
The rise of tamoxifen-resistant malignancy and increased knowledge of the drug's role in causing endometrial cancer may limit the expansion of demand for tamoxifen and sales of tamoxifen.
The growing demand for tamoxifen and sales of tamoxifen in the treatment of illnesses such McCune-Albright syndrome, infertility, gynecomastia, bipolar disorder, angiogenesis, and Riedel's thyroiditis, as well as its usage in gene expression research investigations, provide potential growth opportunities for tamoxifen market share.
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What is the Region-wise Outlook of Tamoxifen Market?
The tamoxifen market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North American region is further bifurcated into countries such as U.S. and Canada. The Europe region is further categorized into the U.K., France, Germany, Italy, Spain, Russia, and the Rest of Europe.
The Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and the Rest of Asia Pacific for the tamoxifen market.
Latin America region is further segmented into Brazil, Mexico, and the Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and the Rest of MEA for the tamoxifen market share.
The sales of tamoxifen for tamoxifen medications are seen in North America.
Due to the presence of major key players in the tamoxifen market, rising breast cancer prevalence increased awareness of breast cancer screening and prevention, high healthcare spending, and a well-developed healthcare system in this area. North America dominates the demand for tamoxifen.
Due to increased research and development activities, rising healthcare expenditure, and expanding government backing, Asia-Pacific is predicted to rise over the forecast period in addition to the increased sales of tamoxifen.
The primary drivers for the demand for tamoxifen in the Rest of the World market include increasing awareness in the Middle East and Africa, a high prevalence of late-stage breast cancer in these countries, and fast expansion of healthcare infrastructure in these regions, along with high demand for tamoxifen and sales of tamoxifen.
Who are the Major Players of Tamoxifen Market?
Allergan, AstraZeneca, Mylan N.V., Teva Pharmaceutical Industries Ltd., Apotex Inc., Midatech Pharma PLC, Bayer AG, Sanofi, Cipla Inc., WOCKHARDT, Pfizer Inc., Actiza Pharmaceutical Private Limited, Fuan Pharmaceutical (Group) Co., Ltd., and YZJ Group, among other domestic and global players, are among the major players covered in the tamoxifen market report. North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America tamoxifen market share statistics are all accessible individually.
The anticipated merger of Teva with Allergan is expected to bring a shift in market competition and demand for tamoxifen.
Future Market Insights analysts are familiar with competitive advantages and give competitive analysis for each rival individually in the tamoxifen market share.
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Scope Of Report
Report Attribute
Details
Growth rate
CAGR of 0.07% from 2022 to 2032
Base year for estimation
2021
Historical data
2015 to 2020
Forecast period
2022 to 2032
Quantitative units
Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032
Report coverage
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,
Segments covered
Type, Application, Distribution Channel, Route of Administration, End User, Region
Regional scope
North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand
Country scope
USA; Canada; Mexico; Germany; UK; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa
