to its collection. The report studies vital factors about the market that are essential for existing players as well as new market entrants. The report throws light on the critical elements such as market share, profitability, supply chain, production, sales, upcoming technologies, key market players, regional segmentation, and many more aspects related to the Sunitinib Malate market.
The years considered in this report to estimate the market size of the market are:
• History Year: 2016-2019
• Forecast Year: 2022 to 2026
The key players covered in this report are –
· Pfizer Inc. (US)
· Top Care Pharmacy (US)
· J&K Scientific (China)
· Targetmol (US)
· Active Biotech AB (Sweden)
· Astellas Pharma Inc. (Japan)
· AstraZeneca plc (UK)
· Bristol Myers Squibb (US)
· Dendreon (US)
· Endo International plc (Ireland)
· Ferring Pharmaceuticals Inc. (US).
The growth of the sunitinib malate market is driven by the increasing prevalence of the gastrointestinal disorder. Expanding geriatric populace coupled with rising cases of pancreatic cancer is expected to drive the market growth at a significant rate. In addition to this, increasing investment in R&D activities for new drug development is likely to create lucrative opportunities for the players operating in the global market during the review period.
Based on application, the market has been segmented into pancreatic neuroendocrine tumors, kidney cancer, and gastrointestinal stromal tumor. Among these, the pancreatic neuroendocrine tumors segment accounted for the largest market share in 2020 and is expected to propel market growth at a significant rate during the review period. The segment growth can be attributed to the increasing number of people suffering from pancreatic cancer disease.
The market in the North American region accounted for the largest market share in 2020 and is expected to grow at a healthy CAGR during the review period. The regional market growth can be attributed to the prevalence of a large number of people suffering from chronic kidney diseases and the presence of key market players such as Pfizer Inc. (US) and Top Care Pharmacy (US). The market in Asia-Pacific is expected to register significant growth on account of increasing incidences of gastrointestinal disorders, particularly in developing countries.
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