The cancer supportive care drugs global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cancer Supportive Care Drugs Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The cancer supportive care drugs market size has grown steadily in recent years. It will grow from $19.93 billion in 2023 to $20.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to rising geriatric population, increasing prevalence of chemotherapy, growing demand for antiemetics, growing preference for online pharmacies and drug stores, increasing awareness of supportive care, increasing adoption of personalized medicine, growing emphasis on palliative care.
The cancer supportive care drugs market size is expected to see grown steadily in the next few years. It will grow to $24.97 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to rising awareness about adverse effects of cancer treatment, growing cases of breast cancer among females, the availability of specific medication plans, demand for online doctor consultations, an improved supply chain in the pharmaceutical sector, increasing the population of cancer survivors. Major trends in the forecast period include advancements in targeted therapies, integration of biobehavioral interventions, implementation of survivorship care plans, integration of nutritional support, advancements in pain management strategies, implementation of symptom monitoring platforms.
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Scope Of Cancer Supportive Care Drugs Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cancer Supportive Care Drugs Market Overview
Market Drivers -The improved survival rate for cancer patients is expected to propel the growth of the cancer supportive care drugs market going forward. Cancer survival rate refers to the percentage of people who survive a certain type of cancer for a specific amount of time, typically five years, after being diagnosed. Survival rates for cancer patients are primarily driven by early detection, advances in treatment, access to quality healthcare, the patient’s overall health, the type and stage of cancer, and socioeconomic factors. Cancer supportive care drugs help improve cancer survival rates by managing side effects such as pain, nausea, and anemia, enabling patients to better tolerate their treatments and complete their full course of therapy, which can lead to improved outcomes. For instance, as of January 2022, the National Cancer Institute, a US-based government agency, projects that the number of cancer survivors will rise by 24.4% over the next ten years, reaching 22.5 million by 2032. Therefore, the improved survival rate of cancer patients is driving the cancer supportive care drugs market.
Market Trends – Major companies operating in the cancer support care drugs market are developing combination therapies to address the complexity and challenges of cancer treatment. Combination therapies involve the strategic use of two or more therapeutic agents to target different aspects of cancer growth and survival, aiming to achieve deeper and more durable responses compared to monotherapy. For instance, in November 2023, Merck, a US-based pharmaceutical company received approval from the Food and Drug Administration, a US-based federal agency, for KEYTRUDA, an anti-PD-1 therapy, in combination with gemcitabine and cisplatin, for the treatment of patients with locally advanced unresectable or metastatic biliary tract cancer (BTC). The combination therapy showed promising results in improving overall survival and providing a new treatment option for patients with this challenging condition.
The cancer supportive care drugs market covered in this report is segmented –
1) By Type: Erythropoiesis Stimulating Agents, Granulocyte Colony Stimulating Factors, Antiemetics, Bisphosphonates, Opioids, Nonsteroidal Anti Inflammatory Drugs, Other Types
2) By Application: Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Liver Cancer, Stomach Cancer, Other Applications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Specialty Clinics, Other Channels
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Regional Insights – North America was the largest region in the cancer supportive care drugs market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cancer supportive care drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies – Major companies operating in the cancer supportive care drugs market are Pfizer Inc., Johnson & Johnson, Merck & Co.Inc., AbbVie Inc., Bayer AG, Sanofi SA, Bristol Myers Squibb Company, AstraZeneca plc, Novartis AG, F Hoffmann-La Roche Ltd, Takeda Pharmaceutical Company Limited, GlaxoSmithKline plc, Eli Lilly and Company, Amgen Inc., Teva Pharmaceutical Industries Ltd., Baxter International Inc., Otsuka Pharmaceutical Co. Ltd., Astellas Pharma Inc., Eisai Co. Ltd., Incyte Corporation, Exelixis Inc, Fagron Group, Heron Therapeutics Inc., Athenex Inc., Acrotech Biopharma LLC
Table of Contents
- Executive Summary
- Cancer Supportive Care Drugs Market Characteristics
- Cancer Supportive Care Drugs Market Trends And Strategies
- Cancer Supportive Care Drugs Market – Macro Economic Scenario
- Global Cancer Supportive Care Drugs Market Size and Growth
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- Key Mergers And Acquisitions In The Cancer Supportive Care Drugs Market
- Cancer Supportive Care Drugs Market Future Outlook and Potential Analysis
- Appendix
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