About Cancer Pain Therapeutics
Cancer Pain Therapeutics is drugs that are available for dropping pain associated with cancer have a lengthy period of action. Cancer pain can be acute or chronic. It is reliant on its stages and types. There are various type of drug available for reducing pain such as Opioids, Non-Steroidal Anti-Inflammatory Drugs and Others, which is helpful for immunotherapy, radiotherapy, and chemotherapy and hormone therapy. Pain control is imperative not only for people who have advanced cancer but also for those whose disorder remains stable for years.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 9.4% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Cancer Pain Therapeutics market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
BioDelivery Science (United States), ProStrakan Group (United Kingdom), Teva Pharmaceuticals (Israel), Daiichi Sankyo (Japan), Eli-lilly (United States), Galena Biopharma (United States), Grunenthal Group (Germany), GW Pharmaceuticals (United Kingdom), Hospira (United States) and Johnson & Johnson (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Meda Pharmaceuticals (United Kingdom), Orexo (Sweden), Sanofi (France) and Sorrento Therapeutics (United States).
Segmentation Overview
AMA Research has segmented the market of Global Cancer Pain Therapeutics market by Type (Opioids, Non-Steroidal Anti-Inflammatory Drugs and Others), Application (Related Immunotherapy, Radiotherapy, Chemotherapy and Hormone Therapy) and Region.
On the basis of geography, the market of Cancer Pain Therapeutics 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, Sweden, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Israel, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Cancer Pain Therapeutics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase Awareness about Cancer Pain Therapy and Rising Demand of Non-steroidal anti-inflammatory drugs
Market Growth Drivers:
Unmet Medical Requirements and Rising Medical and Healthcare Expenditure
Restraints:
High Price For Therapy
Opportunities:
Technological Advancement in the Pain Therapy Related Devices and Off-label Drug Use
Market Leaders and their expansionary development strategies
In June 2018, Eli Lilly and Company has acquired ARMO BioSciences, Inc. at a price of 50 dollar per share in cash.
In May 2018, Daiichi Sankyo Company has launched injection for cancer therapeutics in japan named as NaruveinⓇ Injection 2 mg • 20 mg (generic name: hydromorphone hydrochloride).
Key Target Audience
Cancer Pain Therapeutics Service Provider, Pharmaceuticals Industry, Healthcare Industry, Industry Associations and Experts, Private Research Organizations and Consulting Companies, Industry Associations, Government Market Research and Consulting Firm and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.