United States Folinic Acid Market was valued at USD 0.15 Billion in 2022 and is projected to reach USD 0.25 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The US folinic acid market has been experiencing significant growth due to increasing demand across various industries. Folinic acid, also known as leucovorin, plays a crucial role in medical treatments, particularly for individuals undergoing chemotherapy and those with vitamin deficiencies. This growing demand is mainly driven by the healthcare and pharmaceutical industries, as well as its use in the food and nutrition sectors.
Folinic acid is commonly used as an adjuvant in cancer treatment, particularly in combination with 5-fluorouracil (5-FU) to enhance its efficacy in treating colorectal cancer. The pharmaceutical industry continues to prioritize the development of folinic acid-based drugs, resulting in a surge in market size. Furthermore, folinic acid is also employed in treating folate deficiency, a common issue that requires supplementation, especially in pregnant women and those suffering from malabsorption disorders.
The growing awareness of the health benefits of folinic acid among consumers has led to a rising demand for dietary supplements containing the compound. The food and nutrition industries are thus driving the requirement for folinic acid in the formulation of multivitamins and other supplements. This increasing awareness of preventive healthcare is likely to continue boosting the folinic acid market as individuals focus more on maintaining optimal health.
The US folinic acid market is also witnessing strong demand from veterinary medicine. Folinic acid is used in animal health to treat specific conditions like anemia and folate deficiencies, contributing to the overall growth of the market. Additionally, research and development in the field of folinic acid applications continue to expand, with potential new uses emerging across various sectors.
Industries are constantly seeking ways to improve the effectiveness and bioavailability of folinic acid in their products, leading to innovations in formulation techniques. This demand is expected to continue rising as the benefits of folinic acid become more widely recognized across different industrial sectors.
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Pfizer
Eli Lilly
Hikma Pharmaceuticals
Sagent Pharmaceuticals
Jiangsu Hengrui Medicine
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Folinic Acid Market
Injectable Solutions
Tablets/Capsules
Oral Suspension
Powder for Injection
Cancer Treatment
Supportive Care in Drug Therapy
Metabolic Disorders
Neurological Disorders
Pharmacies
Online Retailers
Hospital Pharmacies
Specialty Clinics
Hospitals
Research Institutions
Clinics
Home Care Settings
Folinic Acid (Calcium Salt)
Folinic Acid (Sodium Salt)
Folinic Acid (Other Compositions)
Folinic Acid with Other Nutrients
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Folinic Acid Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Folinic Acid Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Folinic Acid Market, By Type
6. US Folinic Acid Market, By Application
7. US Folinic Acid Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Folinic Acid Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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