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Key Influencer in the Cancer Supportive Care Drugs Market 2025: Rising Cancer Survival Rates Drive Growth In The Cancer Supportive Care Drugs Market Driver
Which drivers are expected to have the greatest impact on the over the cancer supportive care drugs market's growth?The increment in the survival rate of individuals diagnosed with cancer is anticipated to boost the evolution of the cancer supportive care drugs industry. The cancer survival rate denotes the portion of individuals who live for a fixed duration, generally five years, post their diagnosis of a specific cancer type. Elements like early detection, enhancements in treatment, the accessibility of superior healthcare, the patient's overall health status, the nature and phase of the cancer, and socio-economic aspects primarily influence the survival rates for cancer patients. By handling side effects like pain, nausea, and anemia, cancer supportive care drugs contribute towards elevating these survival rates, thus enabling patients to endure their treatments better and undergo their complete therapy course, resulting in improved outcomes. For example, the National Cancer Institute, a government agency in the US, as of January 2022, anticipates that in the forthcoming decade there will be a surge of 24.4% in the count of cancer survivors, reaching 22.5 million by 2032. Hence, the cancer supportive care drugs industry is being bolstered by the enhanced survival rate of individuals diagnosed with cancer.
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What is the future CAGR of the cancer supportive care drugs market, and how will it impact industry expansion?
Over the past few years, the market size of cancer supportive care drugs has witnessed a steady increment. Forecasts indicate that this market will see an increase from $20.83 billion in 2024 to $21.85 billion in 2025, representing a compound annual growth rate (CAGR) of 4.9%. This growth during the historical period is a result of several factors including a rise in the ageing population, an increased frequency of chemotherapy, escalating demands for antiemetics, an increased preference for online pharmacies and drug stores, growing awareness and utilization of supportive care, a rising trend of personalized medicine, and an increased focus on palliative care.
The market for cancer supportive care drugs is projected to exhibit steady growth in the coming years, increasing to $26.1 billion in 2029, with a compound annual growth rate (CAGR) of 4.5%. This expansion in the forecasted period can be tied to heightened awareness about the detrimental effects of cancer treatment, a rise in instances of breast cancer in women, the presence of tailored medication plans, the preference for online medical consultations, a refined supply chain in the pharma industry, and a surge in the number of cancer survivors. The forecast period will also see significant trends such as developments in targeted therapies, the integration of biobehavioral responses, application of survivorship care agendas, the incorporation of nutritional aid, advances in pain moderation strategies and the establishment of symptom tracking platforms.
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What are the most significant trends transforming the cancer supportive care drugs market today?
Leading firms in the cancer support care drugs market are advancing combination therapies to tackle the intricacy and challenges associated with cancer treatment. Such therapies incorporate the deliberate use of two or more therapeutic agents that target various components of cancer growth and survival, with the goal of achieving more profound and lasting responses compared to single-agent therapy. For example, in November 2023, the US-based pharmaceutical firm, Merck, gained the approval from the Food and Drug Administration, another US-based federal agency, for the use of KEYTRUDA, an anti-PD-1 therapy, in association with gemcitabine and cisplatin, for treating patients suffering from locally advanced unresectable or metastatic biliary tract cancer (BTC). This combined therapy demonstrated encouraging outcomes in enhancing overall survival, offering a novel treatment alternative for patients affected by this challenging disease.
Which key market segments comprise the cancer supportive care drugs market and drive its revenue growth?
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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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.
Who are the leading players fueling growth in the cancer supportive care drugs market?
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
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What Is Covered In The Cancer Supportive Care Drugs Global Market Report?
•Market Size Forecast: Examine the cancer supportive care drugs market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cancer supportive care drugs market for a structured understanding.
•Key Players Overview: Analyze major players in the cancer supportive care drugs market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cancer supportive care drugs market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cancer supportive care drugs market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cancer supportive care drugs market.
•Industry Challenges: Identify potential risks and obstacles affecting the cancer supportive care drugs market.
•Competitive Landscape: Review strategic developments in the cancer supportive care drugs market, including expansions, agreements, and new product launches.
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