Antimetabolite is a chemical that inhibits a metabolite or interfere with metabolic pathways by enzymatic reaction. Antimetabolites are purine or pyrimidine analogs and folic acids. These chemicals are characterized by low molecular weight molecules and are one of the important chemotherapeutic agents. These chemicals have a similar structure like molecules used in nucleic acid synthesis. These are used as cancer therapeutics in leukemia, ovarian, and gastrointestinal cancers. The presence of these drugs has a negative impact on cell cycles as these drugs stop the cell growth and division; hence, these drugs are primarily used as chemotherapeutics in cancers. Antimetabolites are used in different applications such as trabeculectomy and antibiotics.
The global antimetabolite drugs market is expected to expand at a significant growth rate during the forecast period. According to the World Health Organization, cancer is the leading cause of morbidity and mortality globally which impacts about 14 million people annually, resulting in the rapid increase in research activities worldwide. This is one of the major factors attributed to the growth of the global antimetabolite drugs market during the forecast period. Increasing prevalence of unhealthy lifestyles such as cigarette smoking, pipes, cigar smoking, and continuous exposure to asbestos are major factors that can cause cancer, which in turn, are projected to drive the growth of the market. Furthermore, factors such as development in the fields of drug delivery and oncology, and increased government funding and initiative to create awareness about cancer diagnosis and treatment are expected to propel the growth of the global market in the next few years. However, factors such as lack of awareness about health in many developing countries, high cost of drugs, and adverse effects of chemotherapies are projected to restrain the growth of the global antimetabolite drugs market during the forecast period.
The global market for antimetabolite drugs is divided into type, application, and region. In terms of type, the global market is bifurcated into purine analogs, pyrimidine analogs, and folates. The folates segment is expected to account for a significant share of the global market since the drugs are more commonly used. In terms of application, the global market is divided into cancer therapeutics, antibiotics, and others. The cancer therapeutics segment is expected to dominate the global market during the forecast period. Factors such as high growing prevalence of cancer globally and high research activities in many regions are anticipated to fuel the segment growth.
Geographically, the global market for antimetabolite drugs is distributed over North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to account for a significant share of the global market during the forecast period due to factors such as rise in incidence of cancer, prevalence of unhealthy lifestyle, and increase in government funding. Furthermore, increasing health care expenditure, advanced technology, high research activities, and rise in awareness about cancer treatment are expected to boost the market growth in the region. Europe is anticipated to hold the second highest share of the global market. Asia Pacific is expected to register the highest growth rate during the forecast period due to factors such as growing health care expenditure, rising geriatric population, surge in disposable income, prevalence of chronic diseases, growing focus of global pharmaceutical companies toward the Asia Pacific region, and rising awareness about novel drugs for cancer treatment.
Key players operating in the global antimetabolite drugs market include Teva Parenteral Medicines, Inc., Fresenius Kabi Oncology Limited, Cadila Pharmaceuticals, Celon Laboratories Pvt. Ltd, and Eli Lilly and Company.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.