Osimertinib Drugs Market Growth Outlook Through 2024-2033

Overview and Scope
Osimertinib is a medication used to treat non-small cell lung cancer (NSCLC) in patients with particular abnormal epidermal growth factor (EGFR) genes. It is a kinase inhibitor and works by blocking the action of the abnormal protein that signals cancer cells to multiply.

Sizing and Forecast
The osimertinib drugs market size has grown rapidly in recent years. It will grow from $5.66 billion in 2023 to $6.66 billion in 2024 at a compound annual growth rate (CAGR) of 17.8%. The growth in the historic period can be attributed to r&d investment and innovation, targeted therapy introduction, clinical trial success, resistance to previous treatments, improved safety profile..

The osimertinib drugs market size is expected to see rapid growth in the next few years. It will grow to $12.09 billion in 2028 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to patient-centric care enhancement, continued clinical trials and research, precision medicine integration, pricing and access initiatives, global market expansion.. Major trends in the forecast period include biosimilar entry and market competition, liquid biopsy adoption, genomic profiling advancements, resistance management strategies, immunotherapy combination trials..

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Segmentation & Regional Insights
The osimertinib drugs market covered in this report is segmented –

1) By Type: 40 mg, 80 mg
2) By Distribution Channel: Hospital Pharmacy, Drug Store And Retail Pharmacy, Online Pharmacy
3) By Application: Locally Advanced Non-Small Cell Lung Cancer (NSCLC), Metastatic Non-Small Cell Lung Cancer (NSCLC), Other Applications

North America was the largest region in the osimertinib drugs market in 2023. The regions covered in the osimertinib drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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Major Driver Impacting Market Growth
The increasing incidence of lung cancer is expected to propel the growth of the osimertinib drug market going forward. Lung cancer refers to a type of cancer that originates in the lung tissues, predominantly in the cells lining the airways. Osimertinib is used as a therapeutic option for lung cancer, and it helps to block the activity of specific proteins that are involved in the growth and spread of cancer cells. For instance, in 2022, according to the American Cancer Society, a US-based government organization, in the US, there were approximately 236,740 lung cancer cases diagnosed in 2022, and that number has increased to 238,340 by 2023. Therefore, the increasing incidence of lung cancer is driving the growth of the osimertinib drug market.

Key Industry Players

Major companies operating in the osimertinib drugs market report are Syndax Pharmaceuticals Ltd., Pfizer Inc., F. Hoffmann-La Roche AG, AstraZeneca PLC, Amgen Inc., Sandoz International GmbH, Incyte Corporation, Dr. Reddy’s Laboratories Ltd., Cipla Limited, Seagen Inc., Zydus Lifesciences Limited, Sun Pharmaceutical Industries Ltd., Alembic Pharmaceuticals Limited, Aristo Pharmaceuticals Private Limited, Incepta Pharmaceuticals Ltd., Accord Healthcare Limited, Asmo Corporation, Beacon Pharmaceutical Limited, Clearsynth Labs Limited, Apino Pharma Co. Ltd., Kay Biotech Private Limited, Drug International Limited, MSN Laboratories Pvt Ltd., Array BioPharma Inc., Dolphin Pharmaceutical Limited, Hetero Drugs Ltd., Serum Biotech Limited, Zenix Remedies, Accure Labs Pvt. Ltd.

The osimertinib drugs market report table of contents includes:

1. Executive Summary
2. Osimertinib Drugs Market Characteristics
3. Osimertinib Drugs Market Trends And Strategies
4. Osimertinib Drugs Market – Macro Economic Scenario
5. Global Osimertinib Drugs Market Size and Growth
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31. Osimertinib Drugs Market Other Major And Innovative Companies
32. Global Osimertinib Drugs Market Competitive Benchmarking
33. Global Osimertinib Drugs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Osimertinib Drugs Market
35. Osimertinib Drugs Market Future Outlook and Potential Analysis
36.Appendix

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