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Emerging Cancer Supportive Care Drugs Market Trend 2025-2034: Development of Combination Therapies in the Cancer Support Care Drugs Market
How Is the Cancer Supportive Care Drugs Market Projected to Grow, and What Is Its Market Size?The size of the market for drugs used in supportive care for cancer patients has consistently expanded in recent years. The market value, which is projected to escalate from $20.83 billion in 2024 to $21.85 billion in 2025, will exhibit a compound annual growth rate (CAGR) of 4.9%. The proliferation during the historical timeline is a result of numerous factors such as the surge in the elderly population, the rising occurrence of chemotherapy, the growing demand for antiemetics, the trending inclination towards online pharmacies and drug stores, heightened awareness about supportive care, an increased propensity towards personalized medicine, and heightened focus on palliative care.
It is anticipated that the market for cancer supportive care drugs will experience consistent growth in the coming years, ballooning to a value of $26.1 billion in 2029 with a compound annual growth rate (CAGR) of 4.5%. This projected growth in the forecast period can be linked to an increased awareness about the negative consequences of cancer treatment, a rise in breast cancer incidences among women, access to specialized medication programs, a surge in online medical consultations, a refined distribution system in the pharmaceutical industry, and a growing population of cancer survivors. Key trends during this forecast period include progress in targeted therapies, the incorporation of biobehavioral interventions, the execution of survivorship care plans, the inclusion of nutritional support, advances in pain control strategies, and the deployment of symptom tracking platforms.
What Is Stimulating Growth in the Cancer Supportive Care Drugs Market?
The anticipated increase in the survival rate of cancer patients is predicted to boost the growth of the cancer supportive care drugs market. This survival rate pertains to the proportion of patients who live for a certain span, typically five years, after their initial cancer diagnosis. Factors like early detection, treatment advancements, proper healthcare access, patients' overall health, the cancer's type and stage, and socioeconomic factors mainly contribute to these survival rates. By managing side effects such as pain, nausea, and anemia, cancer supportive care drugs can enhance these rates by helping patients endure their treatments better and complete their entire therapy course. Consequently, this could result in improved patient outcomes. For example, the National Cancer Institute, an agency of the US government, estimated in January 2022 that the count of cancer survivors will surge by 24.4% in the upcoming decade, hitting 22.5 million by 2032. Thus, the increased survival rate among cancer patients is fueling the growth of the cancer supportive care drugs market.
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Who Are the Major Industry Players Fueling Cancer Supportive Care Drugs Market Expansion?
Major companies operating in the cancer supportive care drugs market are Pfizer Inc., Johnson & Johnson, Merck, 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
Which Key Developments Are Influencing the Cancer Supportive Care Drugs Market?
Leading companies within the cancer support care drugs market are introducing combination therapies to manage the complexities and hurdles inherent in cancer treatment. These combination therapies strategically employ multiple therapeutic agents to target varied elements of cancer growth and survival, with the goal of achieving more profound and sustained results compared to solo therapy. For instance, Merck, a pharmaceutical company based in the US, received approval in November 2023 from the US federal agency, the Food and Drug Administration, for its anti-PD-1 therapy, KEYTRUDA, to be used in combination with gemcitabine and cisplatin. This was for the treatment of patients who were battling locally advanced unresectable or metastatic biliary tract cancer (BTC). This combined therapeutic approach demonstrated hopeful results in enhancing overall survival and offering a new therapeutic alternative for individuals dealing with this difficult condition.
How Is the Segmentation of the Cancer Supportive Care Drugs Market Defined?
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
Subsegments:
1) By Erythropoiesis Stimulating Agents: Epoetin Alfa, Darbepoetin Alfa, Methoxy Polyethylene Glycol-Epoetin Beta
2) By Granulocyte Colony Stimulating Factors: Filgrastim, Pegfilgrastim, Lenograstim
3) By Antiemetics: 5-HT3 Receptor Antagonists, NK1 Receptor Antagonists, Corticosteroids
4) By Bisphosphonates: Zoledronic Acid, Pamidronate, Ibandronate
5) By Opioids: Morphine, Fentanyl, Oxycodone
6) By Nonsteroidal Anti Inflammatory Drugs (NSAIDs): Ibuprofen, Diclofenac, Celecoxib
7) By Other Types: Steroids, Anxiolytics, Appetite Stimulants
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What Is the Leading Region in the Cancer Supportive Care Drugs Market?
North America was the largest region in the cancer supportive care drugs market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cancer supportive care drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Cancer Supportive Care Drugs Global Market Report?
- Market Size Analysis: Analyze the Cancer Supportive Care Drugs Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cancer Supportive Care Drugs Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cancer Supportive Care Drugs Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cancer Supportive Care Drugs Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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