PUBLISHER: Allied Market Research | PRODUCT CODE: 1446434
PUBLISHER: Allied Market Research | PRODUCT CODE: 1446434
The main factors that drive the cancer supportive care drugs include rise in prevalence of cancer and adverse effects associated with the use of cancer drugs such as chemotherapy-induced anemia, nausea and vomiting. For instance, in February 2022, the World Health Organization (WHO) estimated that approximately 400,000 children develop cancer every year across the globe. In addition, a study conducted by the National Center for Biotechnology Information (NCBI) in April 2022 estimated that the occurrence rate of anemia was about 41.1% in patients suffering from breast cancer. Therefore, the rise in prevalence of cancer drives the growth of the market.
In addition, older people are more likely to develop cancer, which further fuels the demand for cancer support care drugs to treat various side effects. For instance, in October 2022, the World Health Organization (WHO) estimated that the global population aged 60 years and over is expected to double by 2050 to reach 2.1 billion. Moreover, according to the National Center for Biotechnology Information (NCBI), older adults are expected to experience anemia as a result of cancer treatment. Furthermore, increase in awareness among patients and healthcare professionals about the side effects cause by cancer treatments has led to an increase in preference for cancer support care drugs.
Moreover, growing awareness among both patients and healthcare professionals about the side effects induced by cancer treatments has driven a preference for cancer supportive care drugs. In addition, the growth in focus on enhancing patients' quality of life during cancer therapy drives the demand for effective solutions. As cancer prevalence continues to rise, particularly among specific demographics such as children and older adults, the demand for supportive care drugs is projected to witness sustained growth, underlining their pivotal role in comprehensive cancer care.
The cancer supportive care drugs market is segmented on the basis of type, application, distribution channel, and region to provide a detailed assessment of the market. By type, it is segmented into erythropoiesis-stimulating agents (ESA), granulocyte colony-stimulating factors (G-CSFs), antiemetics, bisphosphonates, opioids, NSAIDs (non-steroidal anti-inflammatory drugs), and others. On the basis of application, the market is categorized into breast cancer, lung cancer, colorectal cancer, prostate cancer, liver cancer, stomach cancer and others. Depending on distribution channel, the market is fragmented into hospital pharmacies, drug stores & retail pharmacies, and online providers. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
The major key players that operate in the global cancer supportive care drugs market are Novartis AG, Johnson & Johnson, Amgen Inc., Baxter International Inc., F. Hoffmann-La Roche AG, Helsinn Healthcare SA, Heron Therapeutics, Inc., Merck & Co., Inc., Teva Pharmaceutical Industries Ltd. and Pfizer Inc. The key players have adopted strategies such as agreement and product approval to expand their product portfolio.
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