Press release
Fighting Chemotherapy Side Effects: Myelosuppression Treatment Market 2024
As per the report, the chemotherapy-induced myelosuppression treatment market size has grown steadily in recent years. It will grow from $7.65 billion in 2023 to $7.97 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The chemotherapy-induced myelosuppression treatment market size is expected to see steady growth in the next few years. It will grow to $9.60 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%.
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Impact Of Rising Cancer Prevalence On The Chemotherapy-Induced Myelosuppression Treatment Market
The rising prevalence of cancer is expected to propel the growth of the chemotherapy-induced myelosuppression treatment market going forward. Cancer is the unregulated growth and spread of abnormal cells, often leading to the invasion of surrounding tissues and organs, disrupting their normal function, and potentially threatening the overall health and well-being of the individual. The prevalence of cancer is due to exposure to pollution, radiation, certain chemicals, and carcinogens. Chemotherapy-induced myelosuppression treatment is essential in cancer care for managing the hematological side effects caused by chemotherapy, which is a standard treatment modality for various types of cancer. For instance, in May 2024, according to the American Society of Clinical Oncology, a US-based professional organization, an estimated 20 million new cancer cases were found in 2022, and expected to reach 35 million new cases globally by 2050. Therefore, the rising prevalence of cancer is driving the chemotherapy-induced myelosuppression treatment market.
Innovative Developments In Myeloprotection Therapy For Chemotherapy-Induced Myelosuppression Treatment
Major companies operating in the chemotherapy-induced myelosuppression treatment market focus on developing innovative products, such as myeloprotection therapy, to enhance treatment efficacy and patient experience. Myeloprotection therapy refers to medical interventions to protect the bone marrow and hematopoietic stem cells from damage caused by specific treatments, particularly chemotherapy and radiation therapy. For instance, in February 2021, G1 Therapeutics Inc., a US-based biopharmaceutical company, launched COSELA (trilaciclib) for injection to lessen the frequency of myelosuppression caused by chemotherapy in adult patients, which was approved by the Food and Drug Administration (FDA), a US-based federal agency. This innovative approach alleviates common chemotherapy side effects like neutropenia, anemia, and thrombocytopenia, often leading to dose reductions or treatment delays. Cosela integrates smoothly into existing chemotherapy regimens across different cancer types, enhancing patient tolerance and supporting continuous therapy delivery, potentially improving overall treatment outcomes and quality of life.
The chemotherapy-induced myelosuppression treatment market covered in this report is segmented -
1) By Indication: Anemia, Neutropenia, Thrombocytopenia
2) By Drug Class: Growth Factors, Erythropoietin Stimulating Agents, Thrombopoietic Agents, Iron Supplements, Other Drug Classes
3) By Route Of Administration: Oral, Injectable
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
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Major companies operating in the chemotherapy-induced myelosuppression treatment market are Merck & Co. Inc., Bayer AG, Sanofi SA, Abbott Laboratories, Novartis AG, Glaxo Smith Kline plc, Amgen Inc., Viatris Inc., Biogen SA, Bausch Health Companies Inc., Cipla Inc., Hikma Pharmaceuticals PLC,Lupin Ltd, Seagen Inc, Mission Pharmacal Company, G1 Therapeutics Inc., Spectrum Pharmaceuticals Inc., Partner Therapeutics Inc., Myelo Therapeutics GmbH, Evive Biotech Inc.
Contents of the report:
1. Executive Summary
2. Chemotherapy-Induced Myelosuppression Treatment Market Report Structure
3. Chemotherapy-Induced Myelosuppression Treatment Market Trends And Strategies
4. Chemotherapy-Induced Myelosuppression Treatment Market - Macro Economic Scenario
5. Chemotherapy-Induced Myelosuppression Treatment Market Size And Growth
…..
27. Chemotherapy-Induced Myelosuppression Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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