Global Platinum-based Drugs Market is estimated to be 1.4 Billion by 2029 with a CAGR of 3.7% during

LOS ANGELES - July 23, 2021 - PRLog -- The global platinum-based drugs market accounted for US$ 1.4 billion in 2020 and is estimated to be 2.0 billion by 2029 and is anticipated to register a CAGR of 3.7%. The report. "Global Platinum-based Drugs Market, By Type (Cisplatin, Oxaliplatin, Carboplatin, and Other), By Application (Colorectal Cancer, Ovarian Cancer, Lung Cancer, and Other),  and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030".

Analyst View:
Growth in prevalence of cancer
Increasing incidence of cancer is a major driving factor of the global platinum-based drugs market. As per National Cancer Institute report, the number of new cancer cases per year is projected to increase to 23.6 million by 2030. Platinum based cancer drugs market involves recent developments such as development of analog platinum drugs including platinum carrier molecule complexes to boost targeted concentration of drugs in cancer tumor. According to the WHO report, cancer is the second dominating cause of death worldwide, and estimates for an approximately 9.6 million deaths in 2018, including lung cancer estimating for 2.09 million cases.

Key Market Insights from the report:

The global platinum-based drugs market accounted for US$ 1.4 billion in 2020 and is estimated to be 2.0 billion by 2029 and is anticipated to register a CAGR of 3.7%. The market report has been segmented on the basis of type, application, and region.

https://www.prophecymarketinsights.com/market_insight/Global-Platinum-based-Drugs-Market-4308

Competitive Landscape:

The prominent player operating in the global platinum-based drugs market includes Pfizer, Inc., Ask-Pharma, Mylan N.V., Sanofi, Sun Pharmaceutical Industries Ltd., Accord Healthcare, Guizhou YiBai Pharmaceutical Co., Ltd., Novartis AG, Teva Pharmaceutical Industries Ltd., and Qilu Pharmaceutical Co., Ltd.

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