Cancer Supportive Care Drugs Market By Type (Erythropoiesis Stimulating Agents, Granulocyte Colony Stimulating Factors, Antiemetics, Bisphosphonates, Opioids, Nonsteroidal Anti Inflammatory Drugs, Others), By Application (Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Liver Cancer, Stomach Cancer, Others), By Distribution Channel (Hospital Pharmacies, Drug Stores and Retail Pharmacies, Online Providers): Global Opportunity Analysis and Industry Forecast, 2023-2032
The cancer supportive care drugs market was valued for $20.4 billion in 2022 and is estimated to reach $25 billion by 2032, exhibiting a CAGR of 2.03% from 2023 to 2032.
Cancer supportive care drugs are medications designed to manage the side effects and improve the overall quality of life for individuals undergoing cancer treatment. These drugs address adverse effects such as nausea, pain, anemia, immune suppression, and other complications resulting from chemotherapy, radiation therapy, or other cancer therapies. By mitigating treatment-related symptoms, supportive care drugs enhance patients' well-being, promote treatment adherence, and contribute to a more comfortable and effective cancer care experience. They play a crucial role in complementing primary cancer treatments and providing comprehensive care to individuals navigating the challenges associated with cancer therapy.
The main factors that drive the cancer supportive care drugs include rise in prevalence of cancer and adverse effects associated with the use of cancer drugs such as chemotherapy-induced anemia, nausea and vomiting. For instance, in February 2022, the World Health Organization (WHO) estimated that approximately 400,000 children develop cancer every year across the globe. In addition, a study conducted by the National Center for Biotechnology Information (NCBI) in April 2022 estimated that the occurrence rate of anemia was about 41.1% in patients suffering from breast cancer. Therefore, the rise in prevalence of cancer drives the growth of the market.
In addition, older people are more likely to develop cancer, which further fuels the demand for cancer support care drugs to treat various side effects. For instance, in October 2022, the World Health Organization (WHO) estimated that the global population aged 60 years and over is expected to double by 2050 to reach 2.1 billion. Moreover, according to the National Center for Biotechnology Information (NCBI), older adults are expected to experience anemia as a result of cancer treatment. Furthermore, increase in awareness among patients and healthcare professionals about the side effects cause by cancer treatments has led to an increase in preference for cancer support care drugs.
Moreover, growing awareness among both patients and healthcare professionals about the side effects induced by cancer treatments has driven a preference for cancer supportive care drugs. In addition, the growth in focus on enhancing patients' quality of life during cancer therapy drives the demand for effective solutions. As cancer prevalence continues to rise, particularly among specific demographics such as children and older adults, the demand for supportive care drugs is projected to witness sustained growth, underlining their pivotal role in comprehensive cancer care.
The cancer supportive care drugs market is segmented on the basis of type, application, distribution channel, and region to provide a detailed assessment of the market. By type, it is segmented into erythropoiesis-stimulating agents (ESA), granulocyte colony-stimulating factors (G-CSFs), antiemetics, bisphosphonates, opioids, NSAIDs (non-steroidal anti-inflammatory drugs), and others. On the basis of application, the market is categorized into breast cancer, lung cancer, colorectal cancer, prostate cancer, liver cancer, stomach cancer and others. Depending on distribution channel, the market is fragmented into hospital pharmacies, drug stores & retail pharmacies, and online providers. Region-wise, the market is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, South Africa, and rest of LAMEA).
The major key players that operate in the global cancer supportive care drugs market are Novartis AG, Johnson & Johnson, Amgen Inc., Baxter International Inc., F. Hoffmann-La Roche AG, Helsinn Healthcare SA, Heron Therapeutics, Inc., Merck & Co., Inc., Teva Pharmaceutical Industries Ltd. and Pfizer Inc. The key players have adopted strategies such as agreement and product approval to expand their product portfolio.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the cancer supportive care drugs market analysis from 2022 to 2032 to identify the prevailing cancer supportive care drugs market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the cancer supportive care drugs market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global cancer supportive care drugs market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy TypeErythropoiesis Stimulating Agents
Granulocyte Colony Stimulating Factors
Antiemetics
Bisphosphonates
Opioids
Nonsteroidal Anti Inflammatory Drugs
Others
By ApplicationBreast Cancer
Lung Cancer
Colorectal Cancer
Prostate Cancer
Liver Cancer
Stomach Cancer
Others
By Distribution ChannelHospital Pharmacies
Drug Stores and Retail Pharmacies
Online Providers
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market PlayersNovartis AG
Amgen Inc.
Heron Therapeutics, Inc.
Merck & Co., Inc.
Helsinn Healthcare SA
Pfizer Inc.
Baxter International Inc.
Johnson & Johnson
F. Hoffmann-La Roche AG
Teva Pharmaceutical Industries Ltd.
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