The global oxaliplatin injection market is expected to grow at a significant CAGR during the forecast period (2021-2027). Oxaliplatin, also known as Eloxatin, is a cancer treatment that is used to treat colorectal cancer. In advanced cancer, it’s frequently used with fluorouracil and folinic acid. It is administered through a venous injection. The rising prevalence of colorectal cancer owing to sedentary lifestyles such as obesity, consumption of alcohol, lack of physical activity, and tobacco consumption has been the major factor driving the market growth. Colorectal cancer is the fourth leading cause of cancer-related mortalities globally. As per the World Health Organization (WHO), the number of new colorectum cancer patients of both sexes of all ages in 2020 was around 1.9 million globally, which is 10% of new cancer cases.
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Additionally, the increasing geriatric population and rising colorectal cancer associated with them is another factor driving the market growth. Moreover, the high prevalence of smokers and alcohol consumers who are most prone to this cancer has been boosting the market. For instance, as per the Centers for Disease Control and Prevention, in 2019, around 14 of every 100 US adults of age 18 years or above smoked cigarettes, which is 14% or 34.1 million adults. Apart from this, in November 2020, Swedish cancer society received grants for nearly $2 million for two research projects concerning colorectal cancer. Thus, the rising prevalence of cancer coupled with investment and grants for cancer research and treatment is expected to further contribute to the growth of the global oxaliplatin injection market.
Market Coverage
· The market number available for – 2020-2027
· Base year- 2020
· Forecast period- 2021-2027
· Segment Covered
· Regions Covered- Globally
· Competitive Landscape: Pfizer Inc., Sun Pharmaceutical Industries Ltd., Sanofi SA, and Teva Pharmaceuticals Industries Ltd. among others.
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Global Oxaliplatin Injection Market Report by Segment
By Type
• Mannitol
• Glucose Solution
• Lactose Solution
• Others
By Application
• Colorectal Cancer
• Stomach Cancer
• Ovarian Cancer
• Others
Global Oxaliplatin Injection Market by Region
North America
· United States
· Canada
Europe
· UK
· Germany
· Spain
· France
· Italy
· Rest of Europe
Asia-Pacific
· India
· China
· Japan
· South Korea
· Rest of APAC
Rest of the World
· Latin America
· Middle East & Africa
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