Cancer Pain Market 2020 Size, Share, COVID 19 Outlook, Industry Trends, Scope, Forecast - 2025

The global cancer pain market size accounted for $5.53 Billion in 2018 and is projected to reach $7.54 billion by 2025, registering a CAGR of 4.5% during the forecast period. Cancer Pain Market research report delivers a comprehensive study on production capacity, consumption, import and export for all major regions across the world. Report provides is a professional inclusive study on the current state for the market. Analysis and discussion of important industry like market trends, size, share, growth estimates are mentioned in the report.

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Increase in incidence of cancer worldwide, surge in healthcare expenditure, and advancements in technology drive the growth in the market. However, adverse effects related to usage of drugs for cancer pain management restrain the market growth. On the other hand, surge in number of pipeline drugs create new opportunities in the industry.

On the basis of disease indication, the market is divided into lung cancer, colorectal cancer, breast cancer, prostate cancer, blood cancer, and others. The lung cancer segment dominated the market, accounting for more than one-fifth of the market. Moreover, the segment is projected to witness the fastest CAGR of 6.1% through 2025.

The global cancer pain market is analyzed across various regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across the Asia-pacific region is estimated to manifest the fastest CAGR of 5.4% during the forecast period. However, the market across North America held the largest share in 2018, contributing more than two-fifths of the market.

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Frontrunner of the industry

Leading market players analyzed in the research Aoxing Pharmaceutical Company, Inc., Daiichi Sankyo Co., Ltd., BioDelivery Sciences International, Inc., Hisamitsu Pharmaceutical Co., Inc., Grunenthal Pharma GmbH & Co. KG, Mundipharma International Limited, Insys Therapeutics, Inc., Pfizer Inc., Orexo AB, and Teva Pharmaceutical Industries Limited.

North America to maintain its highest share by 2025

Based on region, North America accounted for the major market share in 2018, accounting for more than two-fifths of the total market share. This region is expected to maintain its highest share during the forecast period. This is due to rapid increase in prevalence of different types of cancers, advancements in technologies, ease in availability of pain therapeutics, and availability of premiere chemotherapy treatments. On the other hand, Asia-Pacific would register the fastest growth rate with a CAGR of 5.4% from 2018 to 2025, owing to rise in prevalence of cancer in China, Japan, and India, increase in early screening of cancer, and surge in availability of pain therapeutics.

Key Benefits: -

The report presents the market analysis of the global Cancer Pain Market along with the regional trend and future estimations
It provides extensive information about the market segments from 2019 to 2027 to understand the market dynamics.
The key factors that drive, hamper, or provide opportunities to the market are provided in the report
Competitive landscape of the industry along with the profile analysis of market players is provided in the report.

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