September 06, 2022 10:30 ET | Source: Transparency Market Research Transparency Market Research
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Wilmington, Delaware, United States, Sept. 06, 2022 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - In 2021, the value of global gemcitabine HCl market was registered at US$ 635.1 Mn. The global market is anticipated to develop at 7.8% CAGR during the forecast period, from 2022 to 2031. The global gemcitabine HCL market is expected to surpass value of US$ 1.3 Bn by 2031. The global gemcitabine HCL market is anticipated to see growth owing to rising incidences of various cancer types, including pancreatic, breast, ovarian, and non-small cell lung cancer (NSCLC).
The World Health Organization estimates that 2.3 million women had breast cancer diagnoses in 2020, contributing to around 685,000 fatalities. The most common disease in the globe as of 2020 was breast cancer, which had been detected in 7.8 million women in the preceding five years. It is the fastest growing market for gemcitabine HCL. The use of injectable gemcitabine medications is projected to rise along with the popularity of cancer treatments including chemotherapy. Gemcitabine has also been proven to reduce SARS-CoV-2 infection when used as a therapy for the disease. As a result, during the COVID-19 outbreak, gemcitabine demand has increased, thereby driving up the future market demand for gemcitabine HCL.
The market for gemcitabine HCl is anticipated to grow due to rising cancer understanding and patient support measures. For instance, the Pancreatic Cancer Action Network has been sponsoring Pancreatic Cancer Awareness Month in November to raise money, encourage donations, and advocate legislation that would fund research and other initiatives. Rising number of initiatives has been one of the recent developments in the gemcitabine HCL.
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Key Findings of Market Report
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Global Gemcitabine HCL Market: Growth Drivers
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Global Gemcitabine HCL Market: Key Players
Some of the key market players are
Global Gemcitabine HCL Market: Segmentation
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