With the emergence and long-term Impact of COVID-19, Global Cancer Supportive Care Drugs Market to reach USD 24.20 Billion by 2030
Bizwit Research & Consulting LLP’s Recent Analysis on Global Cancer Supportive Care DrugsMarket is poised to raise up to USD 24.20 Billion by 2030. Cancer supportive care drugs, also known as palliative care drugs, are medications used to manage the symptoms and side effects of cancer and its treatments. These drugs are designed to improve the quality of life for cancer patients by alleviating pain, reducing treatment-related complications, and addressing various physical and emotional challenges that arise during the disease. The Cancer Supportive Care Drugs Market is expanding because of factors such as the rising prevalence of cancer, and rising government funding for drug development. In addition, the increase in R&D and several pipeline cancer supportive care drugs and the surge in the global geriatric population are creating lucrative growth in the market. However, the high cost of Cancer Supportive Care Drugs stifles market growth throughout the forecast period of 2023-2030.
Geographically, the Global Cancer Supportive Care Drugs market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the dominance of key market player, rising prevelance of cancer disease in the region, and rising development of new cancer drugs in the region. Asia Pacific is expected to grow at a fastest rate during the forecast period, owing to factors such as rising prevelance of cancer, rising funding and investment on research and development activities and rising government support to the industry.
The Global Cancer Supportive Care Drugs market is highly competitive owing to the presence of several key manufacturers such as Amgen Inc., Baxter International Inc., F Hoffmann-La Roche Ltd., Glaxosmithkline Plc, Heron Therapeutics Inc, Johnson & Johnson, Merck Kgaa and others.
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Key findings of the study suggest:
- Global Cancer Supportive Care Drugs Market is anticipated to grow with a healthy growth rate of more than 2.2% over the forecast period 2023-2030.
- In the Type segment, G-CSFs (Granulocyte Colony-Stimulating Factors) has emerged as the leading market segment in 2022.
- In the Application segment, Breast Cancer has emerged as the leading market segment in 2022.
In the Distribution Channel segment, Drug Stores and Retail Pharmacies emerged as the leading market segment in 2022. - North America is anticipated to drive regional growth Owing to rising continuous innovation in Cancer Supportive Care Drugs, rising prevelance of cancer disease in the region, and rising development of new cancer drugs in the region.
- Asia-Pacific is expected to grow at higher rate followed by North America during 2023-2030.
Bizwit Research & Consulting has considered following segments for the study:
Type:
- ESA (Erythropoiesis-Stimulating Agents)
- G-CSFs (Granulocyte Colony-Stimulating Factors)
- Antiemetics
- Bisphosphonates
- Opioids
- NSAIDs (Non-Steroidal Auto Inflammatory Drugs)
- Others
Application:
- Breast Cancer
- Lung Cancer
- Colorectal Cancer
- Prostate Cancer
- Liver Cancer
- Stomach Cancer
- Others
Distribution Channel:
- Hospital Pharmacies
- Drug Stores and Retail Pharmacies
- Online Providers
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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