Press release
Chemotherapy-Induced Nausea and Vomiting Treatment Market to Reach US$ 12.69 Billion by 2034, Growing at 6.4% CAGR
The global Chemotherapy Induced Nausea and Vomiting Treatment Market was valued at around US$ 6,412.0 million at the end of 2023. The market is projected to register a 6.4% CAGR and top a valuation of US$ 12,688.0 Million by 2034.This significant growth is driven by the rising global incidence of cancer, increasing the demand for chemotherapy and, consequently, effective CINV management solutions. Chemotherapy, a cornerstone of cancer treatment, often causes debilitating side effects like nausea and vomiting, which severely impact patients' quality of life. The growing need for anti-emetic drugs to mitigate these effects, coupled with advancements in drug formulations and delivery methods, is fueling market expansion. Additionally, heightened patient awareness and the emphasis on improving cancer care in developed and emerging economies are key contributors to this market's robust growth.The increasing prevalence of cancer, with an estimated 20 million new cases and 9.7 million deaths reported globally in 2022, underscores the rising need for CINV treatments. The World Health Organization projects a 77% surge in new cancer cases by 2050, further amplifying the demand for chemotherapy and associated supportive care. As chemotherapy remains a primary treatment modality, managing its side effects, particularly nausea and vomiting, has become critical to improving patient outcomes and adherence to treatment protocols. Innovations in anti-emetic therapies, such as combination drugs and novel delivery systems like transdermal patches, are enhancing treatment efficacy and patient comfort, driving market growth.
CINV treatments are administered across various settings, including hospitals, cancer research institutes, retail pharmacies, online pharmacies, and drug stores. The availability of advanced anti-emetic drugs, such as 5-HT3 receptor antagonists (e.g., ondansetron, granisetron) and Neurokinin-1 (NK-1) receptor antagonists (e.g., aprepitant, rolapitant), has revolutionized CINV management. These drugs, often used in combination with corticosteroids or receptor agonists, address both acute and delayed forms of CINV. The development of longer-acting formulations and minimally invasive delivery methods, such as Sancuso (a granisetron transdermal patch), has further improved patient compliance and treatment outcomes.
Browse Full Report: https://www.factmr.com/report/chemotherapy-induced-nausea-and-vomiting-cinv-treatment-market
"Innovations in anti-emetic drug formulations and delivery systems are transforming CINV management. Pharmaceutical companies must prioritize research and development to create cost-effective, long-acting therapies with minimal side effects to meet the growing global demand," notes a Fact.MR analyst.
CINV Treatment Market Insights: Key Trends and Growth
The Fact.MR report highlights several trends shaping the CINV treatment market. The rising global cancer burden, coupled with increased adoption of chemotherapy, is a primary growth driver. Advancements in anti-emetic therapies, such as the approval of combination drugs like Akynzeo (palonosetron and netupitant) and Cinvanti (aprepitant), are enhancing treatment efficacy. The market is also witnessing a shift toward personalized treatment protocols based on genetic data and novel drug delivery systems, such as long-acting injectables and transdermal patches. North America and Western Europe dominate the market due to their advanced healthcare infrastructure and high cancer prevalence, while the Asia-Pacific region is emerging as a key growth area due to rising cancer cases and improving healthcare access. However, challenges such as high treatment costs, stringent regulations, and side effects of anti-emetic drugs may hinder market growth, particularly in low- and middle-income countries.
Key Takeaways from the Market Study
* The global CINV treatment market is forecasted to grow at a CAGR of 6.4% from 2024 to 2034.
* North America holds a significant market share, with the U.S. market valued at US$ 2,475.9 million in 2024, expanding at a CAGR of 6.0% through 2034.
* Western Europe accounts for 6.0% of the global market in 2024, with the U.K. market valued at US$ 275.0 million and projected to grow at a CAGR of 6.2%.
* The 5-HT3 receptor antagonists segment dominates with a 44.1% market share in 2024, expected to reach US$ 6,099.0 million by 2034.
* NK-1 receptor antagonists are projected to grow at a CAGR of 6.3%, reaching US$ 3,997.7 million by 2034.
* Hospitals are the leading distribution channel, driven by their role in administering chemotherapy and supportive care.
* China's CINV treatment market, valued at US$ 355.9 million in 2024, is expected to grow at a CAGR of 8.2% through 2034.
CINV Treatment Market Competitive Landscape
Key players in the CINV treatment market include Kyowa Kirin, Inc., Pfizer Inc., GlaxoSmithKline plc., AbbVie Inc. (Allergan plc), Merck & Co., Inc., Bausch Health Companies Inc., Novartis AG, Ono Pharmaceutical Co., Ltd., Camurus AB, and Heron Therapeutics, Inc. These companies are investing heavily in research and development to innovate anti-emetic drugs with improved efficacy and reduced side effects. Strategic partnerships, mergers, and acquisitions are common strategies to expand market presence and geographical reach. For instance, Heron Therapeutics' approval of Cinvanti in 2017 marked a significant advancement in combination therapy for CINV. Smaller players often collaborate with industry leaders to leverage advanced technologies and enhance their product portfolios. The competitive landscape is shaped by innovation, regulatory compliance, and the ability to address unmet needs in CINV management.
For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=6867
CINV Treatment Industry News
* In November 2017, the USFDA approved Heron Therapeutics' Cinvanti (aprepitant), a novel injectable formulation for CINV management, enhancing combination therapy options.
* In recent years, companies like Cumberland Pharmaceuticals have introduced transdermal delivery systems, such as the Sancuso patch, improving patient convenience and compliance.
* In 2023, Merck & Co., Inc. expanded its portfolio by focusing on next-generation NK-1 receptor antagonists with fewer side effects, targeting both acute and delayed CINV.
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