Global Liposomal Doxorubicin Market Report and Forecast 2024-2032

Liposomal Doxorubicin Market Size

The global liposomal doxorubicin market attained a value of USD 1238.29 million in 2023, driven by the rising cases of breast and ovarian cancers across the globe. The market is further expected to grow at a CAGR of 6.1% during the forecast period of 2024-2032 and reach over USD 2109.60 million by 2032.

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Liposomal Doxorubicin Market Outlook

• The increasing incidence of various cancers, including ovarian cancer and breast cancer, and the growing ageing population are expected to drive the market demand in coming years.

• The rising availability of generic versions of liposomal doxorubicin is a major market trend leading to increased availability and affordability of the drug.

• The market value is influenced by the rising healthcare expenditure, expansion of oncology treatment centres and increase in regulatory approvals of liposomal doxorubicin products.

Liposomal Doxorubicin Market Overview

Liposomal doxorubicin is an anti-cancer chemotherapy drug. Also known by the brand names Caelyx or Myocet, liposomal doxorubicin is used for the treatment of different cancers, including breast cancer, ovarian cancer, and gastric cancer, among others. The treatment of breast cancer, thyroid cancer, and pancreatic cancer have all seen substantial advancements in technology and drugs/vaccines, resulting in higher survival rates. Liposomal doxorubicin is one of a new family of medication formulations that are administered in liposomes, which are small vesicles which has taken over the market lately.

The liposomal doxorubicin market is driven by the increased use of chemotherapy treatments, growing demand for targeted therapy drugs, and rising investment by private firms to cater to this application. Furthermore, government funding towards the healthcare sector is also one of the important factors for widening the market’s reach globally. The increasing incidence of various cancers, including ovarian cancer and breast cancer, and the growing aging population more susceptible to cancer are likely to augment the market demand in the forecast period.

Liposomal Doxorubicin Market Growth Drivers

Increasing Prevalence of Ovarian Cancer to Affect the Market Landscape Significantly

According to the American Cancer Society, it is estimated that around 19,680 new ovarian cancer cases will be diagnosed in 2024 in the United States. Moreover, ovarian cancer is projected to cause 12,740 deaths in the region in 2024. Thus, the market for liposomal doxorubicin is expanding owing to an increase in ovarian cancer cases and other types of cancers. In addition to this, the market growth can also be ascribed to an increased awareness of the advantages of liposomal doxorubicin formulations over standard doxorubicin.

Rising Regulatory Approvals to Meet Rising Liposomal Doxorubicin Market Demand

In December 2022, United States-based pharmaceutical company Capstone Development Services Company LLC announced that its product doxorubicin hydrochloride liposomal injection has received approval from the U.S. Food and Drug Administration (FDA) as well as regulatory clearance from the European Commission. Capstone developed the anthracycline topoisomerase inhibitor encapsulated in liposomes in partnership with a leading medical products company. The product is indicated for the treatment of ovarian cancer, multiple myeloma, and acquired immune deficiency syndrome (AIDS)-related Kaposi's Sarcoma. In the European Union, it is also approved for treating metastatic breast cancer. The rising regulatory approvals of liposomal formulations of doxorubicin products due to their superior benefits in cancer treatment are poised to bolster market growth.

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Liposomal Doxorubicin Market Trends

The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:

Liposomal Doxorubicin Market Segmentation

Market Breakup by Drug Formulation

• Lyophilized Powder

• Doxorubicin Injection

Market Breakup by Application

• Bladder Cancer

• Liver Cancer

• Leukemia

• Lymphoma

• Breast Cancer

• Others

Market Breakup by End User

• Hospitals

• Homecare

• Specialty Centers

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Liposomal Doxorubicin Market Share

Market Segmentation Based on Application Areas is Anticipated to Witness Substantial Growth

The market segmentation by application includes bladder cancer, liver cancer, leukemia, lymphoma, and breast cancer, among others. Breast cancer has been rising at an alarming rate across various countries, which makes liposomal doxorubicin one of its major applications. One of the primary aspects boosting the drug's popularity and usage to treat breast cancer is the growing innovation in formulations. These are some of the factors furthering the growth of the breast cancer segment in the market. Moreover, the rising use of liposomal doxorubicin in combination with other cancer therapies is expected to enhance clinical outcomes and elevate the market value.

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Liposomal Doxorubicin Market Analysis by Region

Based on the region, the market includes the North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America is projected to account for a substantial percentage of the market revenue. This can be attributed to the high prevalence of ovarian, breast, and liver cancers, as well as several other malignancies in the region. Furthermore, the growth is fuelled by the existence of superior healthcare facilities and the availability of newer medications such as liposomal doxorubicin. Moreover, a high level of patient awareness for many therapies available in the market is another factor, which boosts the market growth in the region. Additionally, the robust reimbursement policies and advanced regulatory framework are propelling the market expansion in the region.

Leading Players in the Liposomal Doxorubicin Market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, and strategic initiatives by the leading key players. The major companies in the market are as follows:

Pfizer, Inc.

Headquartered in New York (United States), this American multinational pharmaceutical and biotechnology corporation Pfizer, Inc. is a prominent player in the market known for its substantial investment in clinical trials to explore new indications of cancer therapies and extensive distribution network.

Sun Pharmaceutical Industries Ltd.

Sun Pharmaceutical Industries Ltd. is a specialty pharmaceutical company that manufactures and markets a range of branded and generic pharmaceutical formulations. The company has developed a generic version of Doxil® Liposome Injection and has a significant liposomal doxorubicin market share.

Cipla, Inc.

Multinational pharmaceutical company Cipla, Inc. is headquartered in Mumbai (India) and is engaged in R&D activities to develop improved formulations and new delivery mechanisms of cancer treatments. One of its key products is Cipla Liposomal Doxorubicin Injection (Zuvidox ) indicated for the treatment of axillary lymph node involvement post-resection of primary breast cancer in women.

Johnson & Johnson Innovative Medicine

Johnson & Johnson Innovative Medicine is a leading player in the market, well known for its robust portfolio in cancer care. DOXIL® (doxorubicin HCl liposome injection) is one of its leading assets in the market used for treating certain cancers such as AIDS-related Kaposi’s sarcoma and ovarian cancer.

Other key players in the market include Merck & Co., Inc., Zydus Lifesciences Limited, Getwell Pharma India Private Limited, Advacare International India Private Limited, and Shanghai Fudan-zhangjiang Bio-Pharmaceutical Co., Ltd.

Key Highlights of the Report

Key Questions Answered in the Liposomal Doxorubicin Market Report

• What was the liposomal doxorubicin market value in 2023?
• What is the liposomal doxorubicin market forecast outlook for 2024-2032?
• What are the regional markets covered in the EMR report?
• What is market segmentation based on drug formulation?
• What is the market breakup based on applications?
• Who are the major end users in the market?
• What are the major factors aiding the liposomal doxorubicin market demand? 
• How has the market performed so far and how is it anticipated to perform in the coming years?
• What are the market's major drivers, opportunities, and restraints? 
• Which regional market is expected to lead the market share in the forecast period? 
• Which country is expected to experience expedited growth during the forecast period? 
• How does the prevalence and incidence of cancer affect the market landscape?
• What are the major liposomal doxorubicin market trends?
• How does the rise in the geriatric population impact the market size?
• Which drug formulation will dominate the market share? 
• Which application area is expected to have a high market value in the coming years?
• Which end user is projected to contribute to the highest market growth?
• Who are the key players involved in the liposomal doxorubicin market?
• What is the patent landscape of the market?
• What are the current unmet needs and challenges in the market?
• How are partnerships, collaborations, mergers and acquisitions among the key market players shaping the market dynamics?