Doxorubicin Market Growth, Size, Share, Trends, Key Players Analysis, and Forecast by 2031

Doxorubicin Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Drug Formulation (Lyophilized Powder and Doxorubicin Injection), Application (Breast Cancer, Kidney Cancer, Liver Cancer, Sarcoma, Ovarian Cancer, Lung Cancer, Leukemia, Multiple Myeloma, and Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy), and Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)

  • Report Code : TIPRE00011780
  • Category : Pharmaceuticals
  • No. of Pages : 150
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Doxorubicin Market Strategic Insights and Updates by 2031

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The doxorubicin market size is projected to reach US$ 2.35 billion by 2031 from US$ 1.47 billion in 2023. The market is expected to register a CAGR of 6.1% during 2023–2031. The increasing approval of generic products is likely to remain a key trend in the doxorubicin market.

Doxorubicin Market Analysis

Factors such as increasing preference for chemotherapy and rising prevalence of cancer are driving the market growth. Moreover, the increasing government funding, guidance, and technical assistance for cancer prevention is providing significant opportunities for the future growth of the doxorubicin market players.

Doxorubicin Market Overview

Doxorubicin is used in chemotherapy to treat a different type of cancers, including bladder cancer, breast cancer, lymphoma, and other. It is injected intravenously alongside other chemotherapy medicines and is marketed under various brand names, including Adriamycin and Caelyx, among others. Adriamycin is a popular anthracycline chemotherapy medication that inhibits the development of cancer cells.

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Doxorubicin Market: Strategic Insights

doxorubicin-market
Market Size Value inUS$ 1,390.64 Million in 2022
Market Size Value byUS$ 1,983.40 Million by 2028
Growth rateCAGR of 6.1% from 2022 to 2028
Forecast Period2022-2028
Base Year2022
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Doxorubicin Market Drivers and Opportunities

Increasing Preference for Chemotherapy Favors Market Growth

Spending on anticancer drugs is essential to incurring excess healthcare costs. Both targeted therapy and chemotherapy significantly improve cancer patient's chances of survival. These therapies may bring about the complete reduction of a tumor. The demand for chemotherapy has surged globally, owing to the benefits. According to an article published in Lancet Oncology, the number of patients requiring chemotherapy will rise by 53% from 2018 to 2040. Advanced cancer treatments improve patient survival and increase long-term outpatient chemotherapy requirements. More exposure to chemotherapy results in a greater demand for doxorubicin drugs, thereby boosting the market growth.

Increasing Government Funding and Grants to Create Notable Opportunities in Future

Many programs have started by various countries for effective and rapid treatment for cancer. For instance, in June 2020, the University of Missouri School of Medicine received  a grant of nearly US$ 3.5 million from the National Institutes of Health to study a pre-treatment for chemotherapy that might protect the patients of cancer suffering from therapy-induced heart complications. Thus, increasing government support as grants and assistance are supporting significant growth opportunities for the doxorubicin drug manufacturers.

Doxorubicin Market Report Segmentation Analysis

Key segments that contributed to the derivation of the doxorubicin market analysis are drug formulation, application and distribution channel.

  • By drug formulation, the market is bifurcated into lyophilized powder and doxorubicin injection. In 2023, the lyophilized powder segment held a larger share of the market.
  • Based on application, the doxorubicin market is segmented into lung cancer, sarcoma, breast cancer, multiple myeloma, ovarian cancer, kidney cancer, leukemia, liver cancer, and others. In 2023, the breast cancer segment held the largest share of the market. The kidney cancer segment is estimated to register the highest CAGR during the forecast period.
  • In terms of distribution channel, the market is divided into hospital pharmacy, retail pharmacy, and online pharmacy. The hospital pharmacy segment held a significant share of the market in 2023.

Doxorubicin Market Share Analysis by Geography

The geographic scope of the doxorubicin market report encompasses five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. North America dominated the doxorubicin market in 2023. The continuous growth in the pharmaceutical industry, rising prevalence of various cancers, and increasing R&D initiatives by the key players are the driving factors for the doxorubicin market in North America, which are propelling the market's expansion in this region.

Doxorubicin Market Report Scope

Doxorubicin Market News and Recent Developments

The doxorubicin market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the key developments in the market are mentioned below:

  • Zydus Cadila has received final approval from the USFDA to market Doxorubicin Hydrochloride Liposome Injection (US RLD: Doxil Liposome Injection) in the strengths of 20 mg/10 mL (2 mg/mL) and 50 mg/25 mL (2 mg/mL) Single-Dose Vials. (f Zydus Cadila, Press Release, September 2020)

Doxorubicin Market Report Coverage and Deliverables

The “Doxorubicin Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering the following areas:

  • Root canal market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Root canal market trends as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Root canal market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the doxorubicin market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Drug Formulation, Application, and Distribution Channel

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which region dominated the doxorubicin market in 2023?

North America dominated the market in 2023.

What are the factors driving the doxorubicin market growth?

Increasing prevalence of cancer and increasing preference for chemotherapy are the major factors bolstering the market.

What would be a prominent future trend in the doxorubicin market?

The increasing approval of generic products is likely to emerge as a significant trend in the market in the future.

Which are the leading players operating in the doxorubicin market?

Accord Healthcare, Cipla Inc., Dr. Reddy's Laboratories, Meiji Holdings Co. Ltd., Janssen Pharmaceuticals (Johnson and Johnson Services, Inc.), Novartis AG, Pfizer Inc., Sun Pharmaceutical Industries Ltd, Baxter International Inc., Zydus Cadila are the leading players operating in the doxorubicin market.

What would be the estimated value of the doxorubicin market by 2031?

The estimated value of the market by 2031 will be US$ 2.35 billion.

What would be the expected CAGR of the doxorubicin market?

The market is estimated to record a CAGR of 6.1% during 2023–2031.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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