Cancer Supportive Care Drugs Global Market 2024 To Reach $24.97 Billion By 2028 At Rate Of 4.6%
Cancer Supportive Care Drugs Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033
LONDON, GREATER LONDON , UK, July 26, 2024 /EINPresswire.com/ -- The cancer supportive care drugs market has experienced robust growth in recent years, expanding from $19.93 billion in 2023 to $20.83 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to rising geriatric population, increasing prevalence of chemotherapy, growing demand for antiemetics, growing preference for online pharmacies and drug stores, increasing awareness of supportive care, increasing adoption of personalized medicine, growing emphasis on palliative care.
Strong Future Growth Anticipated
The cancer supportive care drugs market is projected to continue its strong growth, reaching $24.97 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to rising awareness about adverse effects of cancer treatment, growing cases of breast cancer among females, the availability of specific medication plans, demand for online doctor consultations, an improved supply chain in the pharmaceutical sector, increasing the population of cancer survivors.
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Growth Driver Of The Cancer Supportive Care Drugs Market
The improved survival rate for cancer patients is expected to propel the growth of the cancer supportive care drugs market going forward. Cancer survival rate refers to the percentage of people who survive a certain type of cancer for a specific amount of time, typically five years, after being diagnosed. Survival rates for cancer patients are primarily driven by early detection, advances in treatment, access to quality healthcare, the patient's overall health, the type and stage of cancer, and socioeconomic factors. Cancer supportive care drugs help improve cancer survival rates by managing side effects such as pain, nausea, and anemia, enabling patients to better tolerate their treatments and complete their full course of therapy, which can lead to improved outcomes.
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Cancer Supportive Care Drugs Market Major Players2 And Market Trends
Key players in the cancer supportive care drugs market include Pfizer Inc., Johnson & Johnson, Merck, AbbVie Inc., Bayer AG, Sanofi SA, Bristol Myers Squibb Company, AstraZeneca plc.
Major companies operating in the cancer support care drugs market are developing combination therapies to address the complexity and challenges of cancer treatment. Combination therapies involve the strategic use of two or more therapeutic agents to target different aspects of cancer growth and survival, aiming to achieve deeper and more durable responses compared to monotherapy.
Cancer Supportive Care Drugs Market Segments3:
1) By Type: Erythropoiesis Stimulating Agents, Granulocyte Colony Stimulating Factors, Antiemetics, Bisphosphonates, Opioids, Nonsteroidal Anti Inflammatory Drugs, Other Types
2) By Application: Breast Cancer, Lung Cancer, Colorectal Cancer, Prostate Cancer, Liver Cancer, Stomach Cancer, Other Applications
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Specialty Clinics, Other Channels
Geographical Insights: North America Leading The Market
North America was the largest region in the cancer supportive care drugs market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cancer supportive care drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Cancer Supportive Care Drugs Market Definition
Cancer supportive care drugs are essential in managing the side effects and symptoms associated with cancer treatments, significantly improving patients' quality of life. These medications address issues such as pain, nausea, anemia, and psychological stress, helping patients better tolerate their cancer therapies. By providing comprehensive symptom relief, supportive care drugs enable patients to maintain their strength and well-being throughout their treatment journey.
Cancer Supportive Care Drugs Global Market Report 2024 from The Business Research Company1 covers the following information:
• Market size data for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Cancer Supportive Care Drugs Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on cancer supportive care drugs market size, cancer supportive care drugs market drivers and trends, cancer supportive care drugs market major players, cancer supportive care drugs competitors' revenues, cancer supportive care drugs market positioning, and cancer supportive care drugs market growth across geographies. The cancer supportive care drugs market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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