According to the market research, the sales value of Ruxolitinib in China has increased year by year from 2017 to 2020, with the highest growth rate of Ruxolitinib in 2020 (4030%). The sales value of Ruxolitinib in China reached CNY75.56 million in 2020. The main reason is that Ruxolitinib was included in the national medical insurance in China at the end of 2019, which led to the growth of sales and sales volume. In addition, the research found that Ruxolitinib has the potential to accelerate the recovery of patients with new coronary pneumonia and reduce the demand for intensive care and mechanical ventilation. Therefore, with the COVID-19 epidemic in 2020, the sales of Ruxolitinib have increased significantly. The CAGR of the sales value of Ruxolitinib from 2017 to 2020 is 1136.15% in China.
The analyst predicts that with the increase in the number of indications, the sales of Ruxolitinib in the Chinese market will continue to grow from 2021 to 2025. The specific indications of Ruxolitinib vary from country to country. Ruxolitinib has been approved for the treatment of MF patients in 101 countries, and also it has been approved for the treatment of PV patients in more than 75 countries. At present, China has only approved Ruxolitinib for the treatment of moderate to high-risk MF patients. Therefore, China's Ruxolitinib is suitable for the treatment of patients with MF. Due to the growth of indications in Ruxolitinib in China, the market will also expand and sales will continue to rise.
Topics Covered:
- The impact of COVID-19 on China's Ruxolitinib market
- Sales value of China's Ruxolitinib 2016-2020
- Competitive landscape of China's Ruxolitinib market
- Prices of Ruxolitinib in China
- Prices of Ruxolitinib in China by regions and manufacturers
- Analysis of factors affecting the development of China's Ruxolitinib market
- Prospect of China's Ruxolitinib market from 2021 to 2025
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Companies Mentioned
- Novartis Pharma Schweiz AG
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 50 |
Published | June 2021 |
Forecast Period | 2017 - 2025 |
Estimated Market Value ( CNY | CNY 0.04 Million |
Forecasted Market Value ( CNY | CNY 573.78 Million |
Compound Annual Growth Rate | 230.8% |
Regions Covered | China |