What is Cancer Supportive Care Drugs Market?
Cancer supporting care drugs focuses on relieving patients from cancer therapy side effects. These drugs are used in cancer palliative care to reduce the side effects of cancer treatments. As per a secondary source, every year about 12.7 million people are diagnosed with cancer, and 7.6 million lead to deaths. Hence, cancer has been primarily leading causes of death worldwide and most treatments for cancer come with various side effects such as pain, fatigue, anxiety, issues with fertility, sexual problems, heartburn, and bone disease among other side effects. The demand for cancer supportive care drugs to reduce the side effects of cancer therapy has boosted the market growth.
Highlights from Cancer Supportive Care Drugs Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Amgen, Inc. (United States), Bayer AG (Germany), Daiichi Sankyo Company Limited (Japan), Pfizer, Inc. (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Teva Pharmaceutical Industries Ltd. (Israel), Assertio Therapeutics, Inc (United States), Eli Lilly and Company (United States), Merck & Co., Inc. (United States), Johnson & Johnson (United States), Sun Pharmaceutical Industries Ltd. (India), Baxter International (United States), Kyowa Hakko Kirin Co., Ltd. (Japan), GlaxoSmithKline (United Kingdom) and Novartis AG (Switzerland) |
The global cancer supportive care drugs market is fragmented by numerous key players who have the bargaining power high in this market as there are many regional manufacturers. The intensity of rivalry appears to be high in this market as competitors are numerous and the drugs are undifferentiated. Research Analyst at AMA predicts that United States and European Players will contribute to the maximum growth of Global Cancer Supportive Care Drugs market throughout the forecasted period.
Amgen, Inc. (United States), Bayer AG (Germany), Daiichi Sankyo Company Limited (Japan), Pfizer, Inc. (United States), F. Hoffmann-La Roche Ltd. (Switzerland), Teva Pharmaceutical Industries Ltd. (Israel), Assertio Therapeutics, Inc (United States), Eli Lilly and Company (United States), Merck & Co., Inc. (United States), Johnson & Johnson (United States), Sun Pharmaceutical Industries Ltd. (India), Baxter International (United States), Kyowa Hakko Kirin Co., Ltd. (Japan), GlaxoSmithKline (United Kingdom) and Novartis AG (Switzerland) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are AbbVie Inc. (United States), Acacia Pharma (United Kingdom), Astellas Pharma Inc. (Japan), AstraZeneca PLC (United Kingdom), Bristol-Myers Squibb Company (United States), Celgene Corporation (United States), Fagron (Netherlands), Heron Pharma (United States), Helsinn Healthcare (Switzerland) and Apr Applied Pharma Science Research (Switzerland). Cancer Supportive Care Drugs Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Chemotherapy Therapy and Radiation Therapy |
Distribution Channel | Hospital Pharmacies,Retail Pharmacies,Compounding Pharmacies |
Cancer Type | Lung Cancer,Breast Cancer,Prostate Cancer,Liver Cancer,Bladder Cancer,Leukemia,Ovary Cancer,Melanoma Cancer,Others |
Drug Class | Anti-emetics,Anti-Infective,Bisphosphonates,Opioid Analgesics,Nonsteroidal Anti- Inflammatory Drugs (NSAIDs),Granulocyte-colony Stimulating Factors (G-CSFs),Erythropoiesis Stimulating Agents (ESAs),Other |
On the basis of geography, the market of Cancer Supportive Care Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Growth In The Biopharmaceutical Industry
Market Growth Drivers:
Large Number Of Side-Effects Associated With Cancer Treatment, Rising Expenditure And Advancements In The Health Care Industry and Fundamental Switch From Biologics To Biosimilar Cancer-Related Treatment
Challenges:
Stringent Regulatory Process and Unfavorable Reimbursement Rates
Restraints:
Growing Popularity Of Targeted Cancer Therapies In Developed Countries and High Cost Of Treatment
Opportunities:
Development Of Effective Treatment Methods, Strong Pipeline Drugs and Rising Clinical Research Activities
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cancer Supportive Care Drugs Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
Market Leaders & Development Strategies
In December 2020.Amgen and McKesson Launch Strategic Agreement to Advance Cancer Innovation in Communities. The latest innovations in cancer care are still very dependent on demographics, socioeconomic status, and where in the U.S. patients receive their care. Community oncology providers also typically treat a more diverse patient population.
In July 2020, AstraZeneca signed deal worth GBP 4.7 billion with Daiichi Sankyo,a Japanese drug company to develop and market a potential new cancer treatment. The treatment focuses lung and breast cancer. AstraZeneca also assured to pay up to USD 1 billion if the treatment gets approval from regulators and up to USD 4 billion more if it sells as hoped.