USD 88.3 billion
Report ID:
SQMIG35I2226 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
71
|Figures:
80
Global Cancer Supportive Care Drugs Market size was valued at USD 88.3 billion in 2022 and is poised to grow from USD 94.22 billion in 2023 to USD 158.29 billion by 2031, growing at a CAGR of 6.70% during the forecast period (2024-2031).
The global cancer supportive care drugs market plays a crucial role in diminishing the negative effects of cancer treatments and increasing the cancer patients’ quality of life. Cancer therapies such as chemotherapy, radiation, and targeted therapies often come with side effects that harm patients' well-being, and supportive care drugs help manage these symptoms. The market has witnessed substantial growth resulting from the increasing cancer incidence, increasing aging population, and developments in cancer treatments. Supportive care drugs encompass a wide range of pharmaceuticals, including antiemetics to control nausea and vomiting, analgesics for pain relief, hematopoietic agents to increase blood cell production, and more. The market is characterized by continual research and development to identify and produce supportive care therapies that are more precise and effective. Pharmaceutical companies are combining forces to provide comprehensive therapy options that incorporate both cancer treatments and drugs for supportive care. The demand for supportive care drugs is anticipated to rise as cancer treatment methods advance. The factors contributing to the market’s steady growth include patient-centered care and the awareness of the significance of maintaining patients' quality of life during treatment. Ceaseless development of innovative therapies that ease treatment-related side effects and enhance patient comfort will be critical in shaping the future of the global cancer supportive care drugs market.
US Cancer Supportive Care Drugs Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 88.3 billion
Largest Segment
G-CSFs
Fastest Growth
G-CSFs
Growth Rate
6.70% CAGR
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By Type, the market is segmented into ESA (Erythropoiesis-Stimulating Agents), G-CSFs (Granulocyte Colony-Stimulating Factors), Antiemetics, Bisphosphonates, Opioids, NSAIDs (Non-Steroidal Auto Inflammatory Drugs), Others. By Application, the market is segmented into Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Liver Cancer, Stomach Cancer, Others. By distribution channel, the market is segmented into Hospital Pharmacies, Drug Stores and Retail Pharmacies, Online Providers. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cancer Supportive Care Drugs Market Analysis By Type
The global cancer supportive care drugs market is experiencing significant growth, with G-CSFs (Granulocyte Colony-Stimulating Factors) taking the majority of the market share. G-CSFs, a vital component of cancer care, are prevalent because of their crucial function in mitigating neutropenia induced by chemotherapy. They increase the creation of white blood cells (WBCs), lowering infection possibility and enabling patients to maintain their treatment regimes. This category's prevalence is fueled by its established use and recognition within the oncology community.
Opioids, on the other hand, have emerged as the fastest-growing segment in cancer supportive care drugs. They play a pivotal role in managing cancer-related pain, improving patients' quality of life. The increasing focus on palliative care and pain management has led to the rising demand for opioids, especially in advanced cancer stages.
Cancer Supportive Care Drugs Market Analysis By Application
In the global cancer supportive care drugs market, the application segment of Breast Cancer is likely to emerge as the dominant category. Breast cancer is one of the most prevalent forms of cancer globally, with a substantial number of patients undergoing various treatments like chemotherapy and radiation therapy. As a result, the demand for supportive care drugs to manage treatment-related side effects such as nausea, pain, and fatigue is high within this patient population.
On the other hand, the application segment of Lung Cancer is anticipated to be the fastest growing. Lung cancer cases have been on the rise, often diagnosed at advanced stages, which necessitates aggressive treatments. As a result, there’s an increased need for supportive care drugs to relieve symptoms and enhance patients' quality of life during treatment.
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North America, particularly the United States, holds a huge share of the Cancer Supportive Care Drugs market. The region's dominance is a result of its developed healthcare system, high incidence of cancer patients, and early uptake of cutting-edge medical treatments. Furthermore, the existence of major pharmaceutical corporations and research facilities in North America has contributed to a sizable market share for cancer supportive care drugs.
The Asia-Pacific region, particularly India and China, has shown rapid growth, quickly becoming the fastest-growing region in the cancer supportive care drugs market due to its large population, rising cancer incidence, improved healthcare infrastructure, and growing awareness about cancer treatment options. As a result of access to medical treatments and improved therapies, it has quickly overtaken the U.S. and the demand for supportive care drugs to fight cancer-related symptoms is also on the rise.
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Cancer Supportive Care Drugs Market Drivers
Rising Cancer Incidence:
Developments in Cancer Treatment:
Cancer Supportive Care Drugs Market Restraints
Expensive Medical Care:
Regulatory Challenges:
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The global cancer supportive care drugs market is very competitive, split between well-established and up-and-coming pharmaceutical manufacturers. With their wide-ranging portfolios of cancer supportive care drugs covering pain relief, antiemetics, and hematopoietic growth factors, key players such as Amogen, Pfizer, and Roche dominate the market. These industry giants use their strong R&D capabilities, global reach, and well-connected distribution networks to maintain their dominant position. To increase their product options and market visibility, they also partake in strategic partnerships, acquisitions, and collaborations. Recently, smaller biotech firms have made headway by concentrating on customized therapies and novel techniques for cancer supportive care. These firms introduce innovative treatments to the market, frequently addressing particular supportive care requirements for diverse cancer types. As the demand for enhanced quality of life for cancer patients rises, the competitive landscape is expected to continue evolving, driven by advancements in medical science, regulatory developments, and the increasing emphasis on personalized healthcare solutions.
Cancer Supportive Care Drugs Market Top Player’s Company Profiles
Cancer Supportive Care Drugs Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global cancer supportive care drugs market analysis, the market has witnessed significant growth due to the rising prevalence of cancer, increasing awareness about supportive care, and advancements in oncology treatments. Supportive care drugs are essential for minimizing adverse effects of cancer treatments, contributing to patients' quality of life, and thus reducing interruptions to their therapy. Collaborative associations are frequently used to improve research and development activities. Regulatory obstacles, price pressures, and the demand for individualized treatment strategies are some of the major difficulties. The market's future depends on the introduction of innovative drugs, the expansion of global healthcare access, and increasing integration of supportive care into cancer treatment regimens. As the focus on providing holistic cancer care increases, supportive care drugs are expected to become even more important in helping patients manage their symptoms, better tolerate their treatments, and generally feel better while battling the disease.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 88.3 billion |
Market size value in 2031 | USD 158.29 billion |
Growth Rate | 6.70% |
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 Supportive Care Drugs 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 Supportive Care Drugs 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 Supportive Care Drugs Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cancer Supportive Care Drugs Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIG35I2226
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