Tamoxifen MarketSize and Trends

Tamoxifen Market Dynamics

Being a generic molecule, the growth of the market has slowed down with increased competition. However, emergence of combination therapies and additional therapeutic indications for tamoxifen is expected to fuel the market growth. For instance, 2018 Novartis received breakthrough therapy designation for Kisqali by FDA in Phase 3. Designation was based on the successful phase 3 MONALEESA-7 trials, which demonstrated significant prolonged-free survival (PFS) of Kisqali + tamoxifen (or an aromatase inhibitor). Moreover, increasing number of government and non-government organizations are investing to discover additional therapeutic applications of tamoxifen, which in turn, is expected to boost market growth. For instance, In 2017 Duchenne UK, E-Rare, Duchenne Parent Project, and Monaco Association jointly contributed US$ 766,338 for a clinical trial, which aims to study the effects of tamoxifen in treating duchenne muscular dystrophy.

Furthermore, increasing prevalence of breast cancer among women, both in developed and emerging economies is a major factor driving growth of the tamoxifen market. According to 2012, World Cancer Research Fund International report, around 1.7 million new breast cancer cases were diagnosed in 2012, which reflected an increase by over 20% from 2008.