Cancer Pain 2018 Market Revenue and Key Players: Aoxing Pharmaceutical Company, Inc., BioDelivery Sciences International, Inc., Daiichi Sankyo and Others

The global cancer pain market generated $5,285 million in 2017, and is projected to reach $7,545 million by 2025, growing at a CAGR of 4.5% from 2018 to 2025.

The key players profiled in this report include Aoxing Pharmaceutical Company, Inc., BioDelivery Sciences International, Inc., Daiichi Sankyo Co., Ltd., Grnenthal Pharma GmbH & Co. KG, Hisamitsu Pharmaceutical Co., Inc., Insys Therapeutics, Inc., Mundipharma International Limited, Orexo AB, Pfizer Inc., and Teva Pharmaceutical Industries Limited.

Cancer pain can be due to the disease condition itself or may be due to the treatments such as surgeries, chemotherapy, and others. There are various drugs used for the management of cancer pain. Surge in prevalence of cancer across geographies and increase in adoption of cancer pain drugs for treatment of mild to moderate pain drive the growth of the global cancer pain market. Furthermore, increased healthcare expenditures, increase in government initiatives to alleviate cancer, rise in public awareness and advance cancer pain therapeutics, and surge in geriatric population are expected to boost the growth of the global market. However, adverse effect associated with the use of cancer pain drugs is projected to restrain the market growth.

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The global cancer pain market is segmented based on drug type, disease indication, and region. Based on drug type, the market is segmented as opioids, non-opioids, and nerve blockers. According to disease indication, the market is categorized into lung cancer, colorectal cancer, breast cancer, prostate cancer, blood cancer, and others. Based on region, the market is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil and rest of LAMEA).

Segment review

Based on drug type, the global cancer pain market is segmented into opioids, non-opioids, and nerve blockers. These drugs are used depending on the severity of pain for instance strong opioids are used preferably in case of severe pain whereas non-opioids, such as acetaminophen and NSAIDs, are preferred to treat mild to moderate cancer pain. Presently, the opioid segment is the major revenue contributor and is estimated to exhibit significant market growth during the forecast period due to rise in prevalence of severe cancer pain, increase in adoption of opioids in the management of cancer pain, and strong presence of pipeline drugs. In 2018, Daiichi Sankyo Co., Ltd. for instance launched Naruvein injection, an opioid analgesic for cancer pain treatment. It also launched Narurapid immediate release tablets and Narusus once-daily extended-release tablets, both opioid analgesics for the treatment of cancer pain in 2017.

Based on disease indication, the global cancer pain market is segmented into lung cancer, colorectal cancer, breast cancer, prostate cancer, blood cancer, and others. Presently, the lung cancer segment is a major revenue contributor and is anticipated to dominate the market during the forecast period. Higher prevalence of lung cancer and surge in the use of cancer painkillers to get relief from pain majorly drive the growth of this segment. In addition, increase in geriatric population, surge in cigarette smoking population, and advancements in diagnostic techniques for lung cancer are expected to boost the growth of the global market.

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Key Benefits for Cancer Pain Market:

• The study presents an in-depth analysis of the market along with the current trends and future estimations to elucidate the imminent investment pockets.
• It offers a quantitative analysis from 2017 to 2025, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
• A comprehensive analysis of all the geographical regions is provided to determine the prevailing opportunities.
• The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.

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