Press release
Chemotherapy-induced Nausea and Vomiting (CINV) Outlook 2020 – 2027 with Corona Virus (Covid-19) Impact Analysis: GSK, Heron Therapeutics, Inc., Merck & Co., TESARO, Inc.
Chemotherapy-induced Nausea and Vomiting (CINV)
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Increase in adoption of chemotherapeutic drugs is directly linked to the growth of the CINV drugs market. It is estimated that in 2016, approximately 1.6 million new cases of cancer will be diagnosed with breast, lung, and bronchus cancer. It is observed that approximately 35% of patients experienced nausea within 24 hours of chemotherapy, while 54% suffered from nausea and 34% experienced vomiting after 24 hours.
Growth in number of patients undergoing chemotherapy drugs treatment and introduction of new drug delivery methods to improve patient compliance are the major factors that significantly impact the growth of the CINV market. At present, pharmaceutical companies are increasingly investing in the R&D of CINV drugs to offer better chemotherapy drugs and increase their market share.
Major Key Companies: Chemotherapy-induced Nausea and Vomiting (CINV) Market
The prominent players profiled in this report include:-
• GlaxoSmithKline plc,
• Helsinn Holding S.A.,
• Heron Therapeutics, Inc.,
• Merck & Co., Inc.,
• Tesaro, Inc
• And Others
KEY FINDINGS OF THE STUDY
• The Aloxi segment generated highest revenue in the global market, accounting for over half of the total market.
• The Netupitant-Palonosetron FDC segment is the fastest growing segment at a CAGR of 10.8%.
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COVID-19 Scenario:
• Due to the global pandemic all over the world, the medical devices manufacturers are majorly focusing on essential medical devices production including ventilators and diagnostics.
• However, due to the precautionary measures taken by governments in various regions, the supply chain has been hampered. Which may result in shortage of devices in certain locations.
• Food and Drugs Administration (FDA), on the other hand, shared a COVID-19 guidance with medical device manufacturers to notify the agency about changes that could affect availability of their products.
The North American market has witnessed a significant growth in the recent years. Presently, it is the largest regional market for CINV drugs and an market share is anticipated by 2022. Asia-Pacific is the fastest growing market due to increase in number of cancer population, high incidences of gastroenteritis and other diseases that lead to nausea and vomiting. This region boosts up the demand for antiemetic drug due to growth in demand for CINV drugs and is expected to fuel the market growth in this region.
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