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Cancer Supportive Care Drugs Market Industry Revenue, Growth Overview, Industry Share And Forecast Till 2033
Cancer Supportive Care Drugs Market
As per the report, the cancer supportive care drugs market size has grown steadily in recent years. It will grow from $19.93 billion in 2023 to $20.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The cancer supportive care drugs market size is expected to see grown steadily in the next few years. It will grow to $24.97 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%.
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Rising Cancer Survival Rates Drive Growth In The Cancer Supportive Care Drugs Market
The improved survival rate for cancer patients is expected to propel the growth of the cancer supportive care drugs market going forward. Cancer survival rate refers to the percentage of people who survive a certain type of cancer for a specific amount of time, typically five years, after being diagnosed. Survival rates for cancer patients are primarily driven by early detection, advances in treatment, access to quality healthcare, the patient's overall health, the type and stage of cancer, and socioeconomic factors. Cancer supportive care drugs help improve cancer survival rates by managing side effects such as pain, nausea, and anemia, enabling patients to better tolerate their treatments and complete their full course of therapy, which can lead to improved outcomes. For instance, as of January 2022, the National Cancer Institute, a US-based government agency, projects that the number of cancer survivors will rise by 24.4% over the next ten years, reaching 22.5 million by 2032. Therefore, the improved survival rate of cancer patients is driving the cancer supportive care drugs market.
Development of Combination Therapies in the Cancer Support Care Drugs Market
Major companies operating in the cancer support care drugs market are developing combination therapies to address the complexity and challenges of cancer treatment. Combination therapies involve the strategic use of two or more therapeutic agents to target different aspects of cancer growth and survival, aiming to achieve deeper and more durable responses compared to monotherapy. For instance, in November 2023, Merck, a US-based pharmaceutical company received approval from the Food and Drug Administration, a US-based federal agency, for KEYTRUDA, an anti-PD-1 therapy, in combination with gemcitabine and cisplatin, for the treatment of patients with locally advanced unresectable or metastatic biliary tract cancer (BTC). The combination therapy showed promising results in improving overall survival and providing a new treatment option for patients with this challenging condition.
The cancer supportive care drugs market covered in this report is segmented -
1) By Type: Erythropoiesis Stimulating Agents, Granulocyte Colony Stimulating Factors, Antiemetics, Bisphosphonates, Opioids, Nonsteroidal Anti Inflammatory Drugs, Other Types
2) By Application: Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Liver Cancer, Stomach Cancer, Other Applications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Specialty Clinics, Other Channels
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Major companies operating in the cancer supportive care drugs market are Pfizer Inc., Johnson & Johnson, Merck & Co.Inc., AbbVie Inc., Bayer AG, Sanofi SA, Bristol Myers Squibb Company, AstraZeneca plc, Novartis AG, F Hoffmann-La Roche Ltd, Takeda Pharmaceutical Company Limited, GlaxoSmithKline plc, Eli Lilly and Company, Amgen Inc., Teva Pharmaceutical Industries Ltd., Baxter International Inc., Otsuka Pharmaceutical Co. Ltd., Astellas Pharma Inc., Eisai Co. Ltd., Incyte Corporation, Exelixis Inc, Fagron Group, Heron Therapeutics Inc., Athenex Inc., Acrotech Biopharma LLC
Contents of the report:
1. Executive Summary
2. Cancer Supportive Care Drugs Market Report Structure
3. Cancer Supportive Care Drugs Market Trends And Strategies
4. Cancer Supportive Care Drugs Market - Macro Economic Scenario
5. Cancer Supportive Care Drugs Market Size And Growth
…..
27. Cancer Supportive Care Drugs Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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