The global megestrol market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Megestrol is the human hormone progesterone that is used to treat breast cancer and endometrial cancer. It affects female hormones which involve in cancer growth and supports to increase weight gain by increasing appetite. The major factor for the growth of the market during the forecast period is the increasing prevalence of breast cancer among women.
According to the World Health Organization (WHO), breast cancer is the most common cancer globally accounting for 12% of all new annual cancer cases globally in 2021. Additionally, as per US Breast Cancer Statistics, about 1 in 8 US women or 13% will develop invasive breast cancer throughout their lifetime. Further, as per the same source, an estimated 287,850 new cases of invasive breast cancer are anticipated to be diagnosed in women in the US along with 51,400 new cases of non-invasive breast cancer with a mortality rate expected of 43,250 women in 2022. Hence, the rising prevalence of breast cancer among women is driving the growth of the global megestrol market.
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Some major players in the global megestrol market include Pfizer Inc., Novartis International AG, and Abbott Laboratories, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
· By Type
· By Application
• Regions Covered-
· North America
· Europe
· Asia-Pacific
· Rest of the World
• Competitive Landscape- Pfizer Inc., Novartis International AG, and Abbott Laboratories, among others.
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Global Megestrol Market Report by Segment
By Type
• Oral Suspension
• Tablet
• Injection
• Others
By Application
• Hospital
• Clinic
• Others
Global Megestrol Market Report 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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