PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628893
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1628893
Capecitabine Market size was valued at USD 415.9 Million in 2023, expanding at a CAGR of 5.50% from 2024 to 2032.
Capecitabine is an oral chemotherapy medication, which is used to treat a number of malignancies, such as those of the breast, colon, and rectal region. It is a member of the antimetabolite medication class, which inhibits the development and transmission of cancer cells. Since capecitabine is a prodrug, the body transforms it into 5-fluorouracil (5-FU), which is its active form. After being transformed, 5-FU stops cancer cells from making DNA and RNA, which eventually kills the cells. Capecitabine, which is typically given as pills, is taken orally as opposed to intravenously as conventional chemotherapy medications. The increase in the older population, the rise in cancer prevalence, and the intense research and development efforts to assess novel pharmacological uses of capecitabine are the main factors propelling the market's expansion. Additionally, the market is rising due to factors like the expansion of new cancer institutions, increased expenditure in cancer research, and others that are driving up demand for capecitabine. Furthermore, the market will rise even more during the projection period due to the growing development of new capecitabine product categories.
Capecitabine Market- Market Dynamics
Rising Incidence of Cancer
It is often necessary for the cancer cells to produce and fix DNA. As a result, cancer spreads to other body parts. In order to stop cancer cells from creating and repairing DNA, capecitabine must be used. One of the main factors propelling the use of capecitabine is the rising incidence of cancer, including lung, breast, and other forms, as well as the growing need for pharmaceutical research and development (R&D) for cancer therapy. For instance, the Global Cancer Observatory recently released data showing that 19,292,789 new cases of cancer were reported worldwide in 2020. With 11.7% of all cases, breast cancer was the most frequent type of cancer in 2020. Lung cancer came in second with 11.4%, colorectum cancer with 10%, prostate cancer with 7.3%, and stomach cancer with 5.6%. In order to stop cancer from spreading to important body parts, capecitabine is becoming more and more necessary as the number of cancer cases worldwide rises. Consequently, this is contributing to the expansion of the market.
Capecitabine Market- Key Insights
As per the analysis shared by our research analyst, the global Capecitabine Market is estimated to grow annually at a CAGR of around 5.50% over the forecast period (2024-2032)
Based on drug type segmentation, the branded category was predicted to show maximum Capecitabine Market share in the year 2023
Based on indication segmentation, the breast cancer was the leading segment in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Capecitabine Market is segmented on the basis of Drug Type, Indication, End-user, and Region.
The indication segment is divided into several categories, including Breast Cancer, Pancreatic Cancer, Colorectal Cancer, Gastric Cancer, and Others. In 2023, the breast cancer segment held the largest market share in the capecitabine market. Healthcare facilities use capecitabine to treat breast cancer that has returned after prior treatment and has progressed to the lymph nodes and tissues surrounding the neck, chest, and other areas. Capecitabine is also used to treat triple-negative breast cancer in its early stages. For instance, in the male population of Europe, 2,339,617 new cases were detected. Breast cancer accounted for 12.07% of all cancer cases diagnosed in Europe in 2020, making it the most frequent kind. Therefore, the need for capecitabine to stop the spread of breast cancer is growing as the number of cases of the disease rises. The market is expanding as a result of this important element.
The end-user market is divided into various categories, such as Hospitals, Specialty Clinics, Homecare, and Others. The hospitals' segment held the largest market share in the capecitabine market in 2023. Several international governmental authorities, including the European Union and the US Food and Drug Administration (FDA), have approved the use of capecitabine. A key element of many cancer chemotherapy regimens is capecitabine. As a result, capecitabine is used in hospitals to treat a variety of cancers, such as colorectal cancer, advanced and metastatic breast cancer, and others.
Capecitabine Market- Geographical Insights
Geographically, the Capecitabine Market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
North America held the largest market share in the capecitabine industry in 2023. The rising incidence of cancer cases, the increased creation of new products, and other factors are blamed for this trend. For instance, the American Cancer Society estimates that between 800 and 900 new cases of osteosarcoma, a bone-affecting cancer, are discovered in the US annually, with half of those cases occurring in adolescents and teenagers. Consequently, the growing number of cancer cases in North America is supporting the expansion of the capecitabine market in the area.
In addition, the market for capecitabine is expanding quickly in Asia-Pacific due to the rising healthcare costs, expanded access to healthcare services, and rising cancer incidence rates. Oral chemotherapy medications like capecitabine are becoming more widely used in clinical practice as a result of governments and healthcare professionals in these areas realizing how important they are for enhancing patient convenience and treatment outcomes.
The market for capecitabine is extremely competitive, with many major companies as well as a huge number of small and medium-sized businesses such as Teva Pharmaceutical Industries Ltd., F. Hoffmann-La Roche Ltd., Mylan N.V., Pfizer Inc. (US), Sanofi (France), and others. These businesses have robust R&D capacities and a significant market presence due to their wide range of products and distribution systems. The market is notoriously competitive, with businesses concentrating on growing their product lines and gaining market share through partnerships, mergers, and acquisitions. For instance, the generic form of Xeloda (capecitabine) tablets was introduced in the US market in February 2021 by Dr. Reddy's Laboratories Ltd., an Indian company that manufactures the medication. Therefore, the capecitabine market is growing as a result of the increase in product offerings in the global market.
January 2023: For an undisclosed sum, Cheplapharm Arzneimittel GmbH, a pharmaceutical firm based in Germany, purchased the marketing rights to Xeloda (capecitabin) in China from F. Hoffmann-La Roche AG. Through the acquisition, Cheplapharma hopes to increase its market share in the pharmaceutical industry and fortify its cancer portfolio. The pharmaceutical business F. Hoffmann-La Roche AG, situated in Switzerland, manufactures the oral chemotherapy medication capecitabine, also known as Xeloda.
December 2022: A 90-second-dissolving Capecitabine dispersible pill for the treatment of colorectal and metastatic breast cancer was introduced by Shilpa Medicare. By increasing market revenue, the product's launch aids the corporation in diversifying its offerings.