Global Cancer Cachexia Market

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 2025-2032


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

Cancer Cachexia Market Dynamics

Drivers

The Chemical Potential in Pipeline to Propel Growth

  • 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 global market.

Rise in the Incidence of Cancer

  • The growth in the global market will be driven by the increasing incidence of cancer worldwide, as well as increasing funding for R&D to develop new breakthrough therapeutics with certain mechanisms of action. The market growth is favored by increasing focus on cancer palliative care with increasing cancer incidence. Treatment of cancer cachexia includes stimulants and medications. There are several urinary tract drugs in late-stage clinical trials, for the treatment of cancer cachexia, which are expected to be commercialized in the next two to three years. This is also expected to drive market growth.

Restraints

High Costs Associated with Treatment and Aggressive Government Programs to Prevent Development

  • Despite the increasing prevalence of cancer cachexia across the globe, certain factors are restraining the growth of the overall market. Includes high costs associated with cancer and its adjuvant treatments, low drug reimbursement in developing countries. Estimated costs associated with the treatment of cancer patients with cachexia are slightly higher than non-cachexia cancer patients. Thus, the associated high out-of-pocket costs with cancer-induced cachexia and lack of approved products to treat the disease would contribute to the gradual growth of this market during the predicted period.

Limited Understanding of Mechanisms

  • The specific mechanisms underlying cancer cachexia are complex and poorly understood. This lack of clarity hinders the development of targeted treatments and interventions, making it difficult to manage the situation effectively. Cancer cachexia can result from a variety of underlying cancers, each with unique characteristics. The heterogeneity of cancer types and cachexia presents challenges in developing universal therapeutic strategies.
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FAQs

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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Global Cancer Cachexia Market

Report ID: SQMIG35A2857

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