Global Sirolimus Market Anticipated To Reach US$ 307.33 Million During 2020–2026 - ZMR

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Global Sirolimus market, which accrued nearly 282.06 (USD Million) in 2019, is set to record the CAGR of nearly 1.1% over the period from 2020 to 2026.

As per the analysts at Zion Market Research, the overall capital of the global sirolimus market has reached around US$ 282.06 million in 2019 and is anticipated to attain US$ 307.33 million by 2026, growing at about 1.1% CAGR during the forecast period. The existence of a huge count of market players had made it extremely fragmented. The leading participants active in the global sirolimus market consist of Biocon, Pfizer, Inc., Concept Medical, Inc., Dr. Reddy’s Laboratories Ltd., Torrent Pharmaceuticals Ltd., Stentys SA, Intas Pharmaceuticals Ltd., and Zydus Cadila. The rise in the trend of product launches & approvals and mergers & acquisitions in emerging economies is anticipated to drive the growth of the global sirolimus market.

Rising Count Of Lifestyle-Associated Disorders To Surge The Demand For Sirolimus

The global sirolimus market growth can be credited to factors such as the rise in prevalence of target diseases, increase in the count of lifestyle-associated disorders, rise in healthcare expenditure, development in healthcare infrastructure, and promising pipeline. In addition, a rise in inclination toward generic drug versions and related side-effects are anticipated to hamper the sirolimus market growth during the forecast period. To cite, in November 2019, as per data represented at VIVA 19 from the SELUTION study, a sirolimus-coated balloon used for treating peripheral artery disease was related to positive results at 2 years. In the first-in-human study, 50 participants were treated with the Selution SLR, MedAlliance and the rate of primary patency at 2 years was found to be 94.4% in the per-protocol population and 81.7% in the intention-to-treat population.

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Increased Adoption Of Technologies Is Likely To Help North America Dominate The Market

The global sirolimus market is bifurcated based on distribution channel, applications, and region. Based on the distribution channel, the market is divided into retail pharmacies, online pharmacies, and hospital pharmacies. Based on the application, the global sirolimus market is divided into lymphangioleiomyomatosis, organ transplant rejection, catheter devices, and sirolimus-coated balloons. The organ transplant rejection segment is projected to rule all over the other market segments owing to the rising number of organ transplants and the enhancing healthcare services in a number of regions around the world. Regionally, the global sirolimus market is grouped into Asia Pacific, Latin America, the Middle East & Africa, Europe, and North America. Among these regions, in 2018, the maximum stake of the global sirolimus market was held by North America and is anticipated to dominate the market during the forecast period as well. The market growth in this region is propelled by the high adoption rate of technologies and the existence of key players. Moreover, an increase in the count of organ transplants is anticipated to drive the sirolimus market in North America.

The global sirolimus market is segmented as follows:

By Application

Organ Transplant Rejection
Lymphangioleiomyomatosis (LAM)
Sirolimus Coated Balloons & Catheter Devices

By Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

By Region

North America
The U.S.

The UK
Rest of Europe

Asia Pacific
South Korea
Southeast Asia
Rest of Asia Pacific

Latin America
Rest of Latin America

Middle East & Africa
South Africa
Rest of Middle East & Africa

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Release ID: 88984121

Name: Joel John
Email: Send Email
Organization: Zion Market Research
Address: 244 Fifth Avenue, Suite N202