USD 2.31 Billion
Report ID:
SQMIG35A2857 |
Region:
Global |
Published Date: March, 2024
Pages:
185
|Tables:
89
|Figures:
72
Cancer Cachexia Market size was valued at USD 2.42 Billion in 2023 and is poised to grow from USD 2.53 Billion in 2024 to USD 3.63 Billion by 2032, growing at a CAGR of 4.6% during the forecast period (2025-2032).
According to data released by the National Center for Biotechnology Information (NCBI), the prevalence of cachexia in patients with advanced cancer is estimated at 80.0%. Globally, cachexia accounts for 20.0% of cancer deaths. It is a wasting disorder characterized by weight loss, anorexia, osteoporosis and anemia in patients. It is commonly associated with chronic diseases such as cancer, renal failure, chronic obstructive pulmonary disease (COPD), and HIV. Cancer-induced cachexia is associated with the presence of tumors. According to the Cancer Cachexia Hub, the condition affects an estimated 1.3 million cancer patients in the US. only annually.
Cancer cachexia is a multifaceted disease characterized by involuntary weight loss, muscle wasting, and metabolic abnormalities commonly associated with cancer cachexia market treatment experiences and induces a variety of growth stimulants opportunities impact the event and contribute to the overall cancer cachexia market growth and potential. The global increase in cancer implies a corresponding increase in the prevalence of cancer cachexia, thus increasing the market potential of cancer cachexia. The increasing prevalence of cancer establishes a large patient cohort, promoting opportunities for the development of potential therapies and therapeutic interventions targeting cancer cachexia. Older individuals are more susceptible to cancer, increasing the risk of cancer cachexia. The aging population in many countries highlights huge market opportunities for therapies that address cancer-related challenges including cachexia, thereby driving cancer cachexia into the market.
Global Market Size
USD 2.31 Billion
Largest Segment
Progestogens
Fastest Growth
Corticosteroids
Growth Rate
4.6% CAGR
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In terms of product, the market is segmented into progestogens, corticosteroids, combination therapies, and others. Among distribution channels, the market is segmented into hospital pharmacy, retail pharmacy, and online pharmacy. In terms of mechanism of action, the market is segmented into appetite stimulators and weight loss stabilizers. By region, the global cancer cachexia market is bifurcated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Analysis by Product
Progestogens are emerging as an important and important segment in the global cancer cachexia market, using their hormonal effects to prevent cachexia complications. Progestogens are in strong demand due to their potential to control symptoms such as unwanted weight loss and muscle wasting for the solution, and they are positioned as major players in medical scenario have a large share in the global cancer cachexia market, reflecting its reputation and influence.
The corticosteroids segment assumes uncertain importance in the prevention of cancer cachexia and represents a growing segment within the market. Known for their anti-inflammatory properties, corticosteroids are strategically used to target inflammatory pathways that contribute to cachexia and combat the associated tissue loss and constitute a special and distinctive therapeutic class. This segment plays an important role, it contributes immensely to the overall prolongation of the global cancer cachexia market.
Analysis by End-User
The hospital pharmacy segment is expected to account for the largest share of the global cancer cachexia market during the forecast period. The dominance is due to the increased hospitalization of patients with complications associated with cancer and cachexia. Hospital pharmacies are crucial in providing medical services in a hospital setting. They work closely with healthcare teams to ensure that cancer patients with cachexia receive appropriate medication and nutritional support. Hospital pharmacies often stock and dispense specialty drugs for cancer and cachexia. This includes aphrodisiacs, nutritional supplements, and medications to manage symptoms such as pain and nausea.
Furthermore, retail pharmacy and online pharmacy are expected to witness substantial growth by the end of the forecast period due to increasing patient access to home-based care. Retail pharmacies are community health centers and can be accessed by homebound cancer patients. They play an important role in supporting patients and their carers by providing medicines, counseling and educational materials related to the management of cancer and cachexia. Pharmacies offer a variety of over-the-counter medications, including nutritional supplements, which can be useful for cancer patients dealing with cachexia Physicians can provide guidance on how to the effectiveness of these drugs. Ensuring proper drug management is important to manage cancer cachexia. Retail pharmacists can help by counseling patients about the importance of adherence, potential side effects, and appropriate use of prescription medications.
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Drivers
The Chemical Potential in Pipeline to Propel Growth
Rise in the Incidence of Cancer
Restraints
High Costs Associated with Treatment and Aggressive Government Programs to Prevent Development
Limited Understanding of Mechanisms
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The competitive environment of the Global Cancer Cachexia Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Established organizations within the industry leverage techniques inclusive of product innovation, strategic partnerships, and mergers and acquisitions to strengthen their market position. Additionally, the market is witnessing elevated opposition from local and neighborhood producers supplying cost-powerful options.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. Cancer cachexia is a multifaceted disease characterized by involuntary weight loss, muscle wasting, and metabolic abnormalities commonly associated with global cancer cachexia market. Treatment experiences a variety of growth stimulants and it impacts the opportunities and contributes to the growth and potential of the overall global cancer cachexia market. The increasing incidence of cancer worldwide implies a corresponding rise in the prevalence of cancer cachexia, increasing the potential of market. The increasing incidence of cancer establishes a large patient cohort, promoting opportunities for the development of potential therapies and therapeutic interventions targeting cancer cachexia. Older individuals are more susceptible to cancer, increasing the risk of cancer cachexia. The increasing population of elderly populations in many countries highlights the huge market opportunity for therapies addressing cancer-related challenges including cachexia, and thus cancer cachexia to market.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.31 Billion |
Market size value in 2031 | USD 3.47 Billion |
Growth Rate | 4.6% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cancer Cachexia Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cancer Cachexia Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cancer Cachexia Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cancer Cachexia Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35A2857
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