QYR Market Research Global 10-Deacetylbaccatin III market research | Page 4
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As new companies enter the market for finished paclitaxel, bulk
demand will increase as competition forces down prices, the study
notes, adding that, with the drug becoming more affordable,
physicians are expected to prescribe it more freely. However, while
demand may be rising, paclitaxel is derived from a natural resource,
and its long-term availability is in question.
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Yew trees are slow-growing, and the extraction process requires
numerous trees to supply an adequate amount, it says. The possible
scarcity of the product is spurring sales, especially to the research
sector where large stocks are necessary for proper experimentation.
However, the report notes that enterprising companies have found
ways to circumvent this issue and increase supply.