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Cancer Supportive Care Drugs Market to Exceed US$ 16.7 Billion by 2031: Transparency Market Research, Inc. Study

03-19-2024 07:48 AM CET | Health & Medicine

Press release from: Transparency Market Research

Cancer Supportive Care Drugs

Cancer Supportive Care Drugs

In 2022, the global ๐‚๐š๐ง๐œ๐ž๐ซ ๐’๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ๐ข๐ฏ๐ž ๐‚๐š๐ซ๐ž ๐ƒ๐ซ๐ฎ๐ ๐ฌ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ commanded a valuation of US$ 14.3 billion. Forecasts suggest a steady growth trajectory, with a projected Compound Annual Growth Rate (CAGR) of 1.7% from 2023 to 2031, culminating in a figure exceeding US$ 16.7 billion by the conclusion of 2031.

The escalating global burden of cancer emerges as a pivotal driver propelling the expansion of the market for cancer supportive care drugs. As incidences of cancer rise, so does the demand for supportive care drugs.

Various therapeutic agents including G-CSFs, ESAs, antiemetics, bisphosphonates, opioids, NSAIDs, and topical treatments assume critical roles in addressing the multifaceted challenges associated with cancer care. The cancer supportive care drugs market caters to a wide array of cancer indications, encompassing lung, breast, prostate, liver, bladder, leukemia and melanoma.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=85941&utm_source=OpenPR&utm_campaign=MansiR_OpenPR

The market's growth is further bolstered by diverse distribution channels such as hospital pharmacies, retail pharmacies, and compounding pharmacies. In meeting the evolving needs of cancer patients, the cancer supportive care drugs market fulfills a significant role, bridging crucial gaps in offering comprehensive and personalized cancer care solutions.

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ

Cancer supportive care drugs are medications tailored to alleviate the side effects and symptoms of cancer and its treatments, improving patients' quality of life during therapy. These drugs manage issues like pain, nausea, anemia, immune suppression, and bone complications. With the rise in cancer cases, addressing these challenges is vital.

Retail pharmacies are pivotal in distributing these drugs, providing accessibility and convenience that promote patient engagement and adherence to supportive care plans.

๐’๐ฎ๐ซ๐ ๐ž ๐ข๐ง ๐‚๐š๐ง๐œ๐ž๐ซ ๐ˆ๐ง๐œ๐ข๐๐ž๐ง๐œ๐ž ๐ƒ๐ซ๐ข๐ฏ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ซ๐จ๐ ๐ซ๐ž๐ฌ๐ฌ

The surge in global cancer cases drives demand for supportive care drugs, essential for managing treatment side effects and enhancing patient well-being. With 1.9 million new cases and 608,570 deaths in the U.S. in 2021, and WHO attributing nearly 10 million deaths to cancer in 2020, the need for such drugs remains critical.

Healthcare acknowledges the pivotal role of supportive care drugs in mitigating treatment-related adverse effects amid rising cancer diagnoses. This recognition spurs pharmaceutical innovation to ensure patients receive comprehensive care for improved treatment outcomes.

Recent research, like the February 2021 study "Non-Steroidal Anti-Inflammatory Drugs in Colorectal Cancer Chemoprevention," underscores the growing evidence supporting NSAIDs' beneficial role in cancer care, inspiring ongoing exploration of innovative approaches.

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Amgen, Inc., Merck & Co., Inc., Johnson & Johnson Services, Inc., Heron Therapeutics, Inc., Novartis AG, GSK plc, F. Hoffmann-La Roche Ltd., and Helsinn Healthcare SAย 

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

Drug Class

G-CSFs (Granulocyte Colony-Stimulating Factor)
ESAs (Erythropoiesis Stimulating Agent)
Antiemetics
Bisphosphonates
Opioids
NSAIDs (Non-Steroidal Anti-Inflammatory Drugs)
Others (Topicals, etc.)

Indication

Lung Cancer
Breast Cancer
Prostate Cancer
Liver Cancer
Bladder Cancer
Leukemia
Others (Ovarian Cancer, Melanoma, etc.)

Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Others (Compounding Pharmacies, etc.)

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ

Inย March 2022, Imugene, an Australian biopharmaceutical company, announced a new clinical trial collaboration and supply agreement with MSD (Merck & Co., Inc.). The collaboration aims to evaluate the safety and efficacy of Imugene's HER-Vaxx, a B-cell activating immunotherapy, in combination with MSD's anti-PD-1 therapy, pembrolizumab (KEYTRUDA). The focus is on patients with HER-2 positive gastric cancer, presenting a promising approach to enhance treatment outcomes in this specific cancer subtype.

Inย March 2022, Novartis received approval from the U.S. Food and Drug Administration (FDA) for Pluvicto. The approval is for the treatment of adult patients with a specific type of advanced cancer known as prostate-specific membrane antigen-positive metastatic castration-resistant prostate cancer (PSMA-positive mCRPC). Pluvicto is intended for patients who have already undergone other anticancer treatments, including androgen receptor pathway inhibition and taxane-based chemotherapy. This approval marks a significant development in providing advanced treatment options for this subset of prostate cancer patients.

๐๐ฅ๐š๐œ๐ž ๐š๐ง ๐Ž๐ซ๐๐ž๐ซ ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=85941

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Transparency Market Research Inc.
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