Which region accounted for the largest share in Global Cancer Cachexia Market?

The market size in North America is $0.90 billion by 2022. The dominance of this segment is driven by high prevalence of cancer cachexia, increasing awareness of cancer supportive care as well as, availability of adequate reimbursement models in the US. and Canada Greater affordability among patients with results in this sector dominance. Cancer cachexia market report scope includes the regional breakdown, revealing that North America dominated the industry by 2022. Increase in awareness programs related to cancer care is driving the growth of the market regionally in the 19th century. The increasing number of pipeline drugs in Phase III clinical trials is also expected to drive the cancer cachexia market share where these drugs are likely to hit the market in the next few years.

Cancer Cachexia Market Size, Share, Growth Analysis, By Product(Progestogens, Corticosteroids, Combination Therapies, and Others), By Distribution Channels(Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy), By Mechanism of Action(Appetite Stimulators and Weight Loss Stabilizers), By Region - Industry Forecast 2024-2031

Q: What is the global market size of Cancer Cachexia Market?

Global Cancer Cachexia Market size was valued at USD 2.31 Billion in 2022 and is poised to grow from USD 2.42 Billion in 2023 to USD 3.47 Billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031)

Q: Who are the key vendors in the Global Cancer Cachexia Market?

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. 'Aeterna Zentaris', 'Aphios Corporation', 'Bristol-Myers Squibb Company', 'Pfizer Inc.', 'Helsinn Group', 'Merck KGaA', 'Artelo Biosciences Inc.', 'NGM Biopharmaceuticals', 'Aveo Oncology ', 'Aavogen Inc. ', 'Green Cross Wellbeing Corporation', 'Cannabics Pharmaceuticals Inc.', 'TCI Peptide Therapeutics', 'Fresenius Kabi', 'Tetra Bio-Pharma', 'Actimed Therapeutics'.

Report ID: SQMIG35A2857 | Region: Global | Published Date: March, 2024
Pages: 185 | Tables: 89 | Figures: 72

Cancer Cachexia Market Regional Insights

The market size in North America is $0.90 billion by 2022. The dominance of this segment is driven by high prevalence of cancer cachexia, increasing awareness of cancer supportive care as well as, availability of adequate reimbursement models in the US. and Canada Greater affordability among patients with results in this sector dominance. Cancer cachexia market report scope includes the regional breakdown, revealing that North America dominated the industry by 2022. Increase in awareness programs related to cancer care is driving the growth of the market regionally in the 19th century. The increasing number of pipeline drugs in Phase III clinical trials is also expected to drive the cancer cachexia market share where these drugs are likely to hit the market in the next few years.

The Asia-Pacific is expected to witness an increasing CAGR owing to the increasing number of patients suffering from this disease. In addition to this, market players in this segment are investing heavily in strengthening their supply chains and introducing new drugs. Asia-Pacific is estimated to register the largest market growth during the forecast period. This can be attributed to the presence of many undiagnosed patients and the rapid migration of the population to urban settlements for advanced treatment. Increased disposable income also generally improves patient access to new cancer cachexia treatments. Increased government support for health care and increased awareness of the disease are expected to continue to have a positive impact on market trends

Cancer Cachexia Market Report Snapshots

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Cancer Cachexia Market size was valued at USD 2.31 Billion in 2022 and is poised to grow from USD 2.42 Billion in 2023 to USD 3.47 Billion by 2031, growing at a CAGR of 4.6% in the forecast period (2024-2031)

The competitive environment of the 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. 'Aeterna Zentaris', 'Aphios Corporation', 'Bristol-Myers Squibb Company', 'Pfizer Inc.', 'Helsinn Group', 'Merck KGaA', 'Artelo Biosciences Inc.', 'NGM Biopharmaceuticals', 'Aveo Oncology', 'Aavogen Inc.', 'Green Cross Wellbeing Corporation', 'Cannabics Pharmaceuticals Inc.', 'TCI Peptide Therapeutics', 'Fresenius Kabi', 'Tetra Bio-Pharma', 'Actimed Therapeutics'

Current treatment options for cachexia in cancer patients are limited to drugs such as progestogens, corticosteroids, and others. These drugs have shown efficacy in the treatment of cancer-induced cachexia, although there are clinical differences in treatment outcomes and no drug candidates are currently approved specifically for this condition. This increases the gap in therapeutic options, which market players are aiming to fill through R&D and the introduction of new drugs in the market.

In many cases, traditional approaches to treating patients with single-drug interventions provided limited therapeutic benefit. Also, due to the lack of approved drugs for this condition, healthcare providers have been seen turning to combination therapies to treat illness including both pharmacological and non-pharmacological. Clinical trials show significant improvement in body does not deny (LBM) in treated patients and combination therapies. Thus, such outcomes as the popularity of health professionals increase the acceptability of combination therapy among patient populations and drive the demand for cancer cachexia treatments in the market.

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Cancer Cachexia Market Regional Insights

Cancer Cachexia Market Report Snapshots

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