PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1359588
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1359588
Cancer supportive care drugs market size is predicted to witness 1.9% CAGR from 2023 to 2032 due to the escalating incidence of cancer worldwide. According to the data from the United States Cancer Statistics, more than 1.5 million new cancer cases were reported in 2020, out of which nearly 602,347 deaths were reported. As the number of cancer cases continues to rise, the demand for therapies that alleviate the side effects of cancer treatment, such as chemotherapy and radiation therapy, is surging.
Additionally, the growing awareness about the importance of quality of life during cancer treatment has fueled the usage of these drugs. As patients seek ways to manage their symptoms and maintain a higher level of comfort and well-being, the cancer support care solutions will gain traction.
Cancer supportive care drugs market is divided based on drug class, cancer type, distribution channel, and region.
The opioids segment is expected to record around 2.4% CAGR from 2023 to 2032. As opioids are known for their effectiveness in managing cancer-related pain, they are increasingly prescribed to patients undergoing cancer treatment. With advancements in opioid formulations, the focus has shifted toward achieving optimal pain relief while minimizing side effects. This is not only enhancing patient comfort but also providing a more comprehensive approach to managing cancer symptoms.
The lung cancer segment is anticipated to observe 2.5% CAGR during 2023 and 2032 as it is one of the most prevalent and aggressive types of cancer. Patients with lung cancer often suffer from a range of distressing symptoms, including pain, breathlessness, and fatigue. As a result, there is a high demand for supportive care drugs tailored to the specific needs of lung cancer patients. The development of innovative drugs and therapies for lung cancer for improving the quality of life for patients is driving the industry growth.
North America cancer supportive care drugs industry is expected to witness 1.7% CAGR from 2023 to 2032, favored by a robust healthcare infrastructure, extensive R&D activities, and high cancer prevalence. The United States and Canada are at the forefront of advancing cancer supportive care, investing heavily in R&D, and ensuring that patients have access to the latest and most effective supportive care drugs. The emphasis on patient comfort and well-being during cancer treatment in North America will continue to drive the market expansion.