What is Cancer Cachexia Market?
Cancer cachexia, a wasting syndrome characterized by weight loss, anorexia, asthenia and anemia. The patients suffer from cancer cachexia due to the excess starvation for weight loss and other symptoms such as excess expenditure of energy by the body, anorexia and anemia. Cachexia affects 50-80 percent of cancer patients, depending on the tumor type, and is associated with 20-40 percent of cancer patient deaths globally.
The market study is being classified by Type (Progestogens, Corticosteroids, Combination Therapies and Others), by Application (Clinical, Screening and Research) and major geographies with country level break-up.
Alder BioPharmaceuticals Inc. (United States), Aphios Corp. (United Kingdom), Eli Lilly and Co. (United States), GTx Inc. (United States), Helsinn Group (Switzerland), Merck & Co. Inc. (United States), AstraZeneca plc (United Kingdom), Novartis AG (Switzerland), Bristol-Myers Squibb Co. (United States) and XBiotech Inc. (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Biotest AG (Germany), Marsala Biotech Inc. (Canada) and AEterna Zentaris Inc. (United States).
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to avail a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Cancer Cachexia market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Cancer Cachexia market by Type, Application and Region.
On the basis of geography, the market of Cancer Cachexia 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.
Market Drivers
- Increasing Number of Pipeline Products for Cachexia Cancer
- The Growth in Number of Speciality Hospitals and Increasing in Healthcare Infrastructure in Developing and Developed Nations
Market Trend
- Huge Investment in R&D in Development of Drugs by Major Market Players
Restraints
- Lack of Awareness About Cancer Cachexia in Developing Economies
- High Cost in Treatment of Cancer Cachexia Due to low Disposable Income among Population of Emerging and Underdeveloped Nations
Opportunities
- Increasing Prevalence of Cancer Cachexia to Offer Lucrative Opportunities in Developed Nations
Challenges
- The Stringent Regulatory Requirements and the Long Procedure for FDA Approval
- Problems Associated with Cancer Diagnosis
Key Target Audience
Pharmaceutical Manufacturers, Specialty Hospitals Service Providers, Potential Investors, Government and Regulatory Bodies, Technology Investors, Healthcare Facilities and Others