Saudi Arabia Cancer Pain Management Market Analysis

Saudi Arabia Cancer Pain Management Market Analysis


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The Saudi Arabia Cancer Pain Management market is projected to grow from $110.84 Mn in 2022 to $187.61 Mn by 2030, registering a CAGR of 6.8% during the forecast period of 2022-30. The main factors driving the growth would be increasing awareness about cancer pain management solutions and the rising prevalence of cancer cases. The market is segmented by drug type and by disease. Some of the major players include Tabuk Pharmaceuticals (SAU), Mundipharma, Abbott, Sanofi, and Medtronic.

ID: IN10SAHS002 CATEGORY: Healthcare Services GEOGRAPHY: Saudi Arabia AUTHOR: Neha Davda

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Saudi Arabia Cancer Pain Management Market Executive Summary

The Saudi Arabia Cancer Pain Management market is projected to grow from $110.84 Mn in 2022 to $187.61 Mn by 2030, registering a CAGR of 6.8% during the forecast period of 2022 - 2030. Saudi Arabia's national healthcare spending as a share of GDP in 2019 was 5.69%, amounting to $1,316.26 per person. There are several prospects for advancement in this high-potential sector, and the Saudi government continues to place a strong priority on healthcare.

Disease-related treatments like chemotherapy and surgery can cause pain in addition to actual cancer itself, which can cause discomfort. The kind, location, and degree of the pain determine what medications are used and how they are administered. A wide range of drugs is used to manage cancer pain. Acetaminophen and NSAIDs, which are non-opioids, are more usually used to treat mild to moderate cancer pain, whereas strong opioids, for instance, are more frequently used to treat severe pain. In Saudi Arabia, breast, colorectal, prostate, brain, lymphoma, kidney, and thyroid cancers are the most prevalent. Age-standardized incidence rates (ASIR) of all cancer types are 88.7 per 100,000 people in Saudi Arabia, whereas age-standardized mortality rates (ASMR) are 43.3 per 100,000 people.

saudi arabia cancer pain management market analysis

Market Dynamics

Market Growth Drivers

The significance of pain management in the treatment of cancer is becoming more widely recognized in Saudi Arabia, especially among medical professionals and patients. Additionally, the prevalence of cancer is rising in Saudi Arabia as a result of variables like an aging population, altered lifestyles, and increased public knowledge of the illness. As a result, there is an increase in the demand among cancer patients for pain treatment services.

Market Restraints

Cancer pain management can be expensive, especially for advanced procedures and treatments. Patients who cannot afford the cost of treatment may find this to be a barrier. Furthermore, the negative side effects of cancer pain medications restrict the growth of cancer pain management markers in the area.

Competitive Landscape

Key Players

  • Tabuk Pharmaceuticals (SAU)
  • Mundipharma
  • Abbott
  • Sanofi
  • Medtronic

Healthcare Policies and Regulatory Landscape

In Saudi Arabia, The Ministry of Health (MOH) and the Saudi Food and Drug Authority (SFDA) are largely in charge of regulating healthcare laws and the treatment of cancer pain. The MOH establishes standards and recommendations for the delivery of medical services, including cancer patients' pain treatment. The SFDA is in charge of overseeing and approving drugs used to treat pain. The National Cancer Registry is another resource that offers data and details on cancer incidence, prevalence, and treatment throughout the nation. The registry aids in directing the creation of guidelines and plans for the prevention, diagnosis, and treatment of cancer, as well as pain management. The Saudi Commission for Health Specialties (SCFHS) also establishes requirements for medical practitioners and ensures the standard of care given to patients, particularly those with cancer who require pain management.

Reimbursement Scenario

For patients with government-sponsored insurance and for those with private insurance, the Ministry of Health (MOH) and private insurance companies, respectively, set the rules for cancer pain management reimbursement in Saudi Arabia. The MOH pays for a variety of medical services, like cancer treatment and pain management, for patients with government-sponsored insurance. In addition, the MOH provides financial assistance to low-income families who are struggling to pay for medical care. The reimbursement guidelines for cancer pain management for people with private insurance vary depending on the specific insurance plan and the kind of treatment received. The level of coverage can vary, but many private insurance companies cover cancer treatments, including pain management.

1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Cancer Pain Management Market Segmentation

By Drug Type (Revenue, USD Billion):

Non-steroidal anti-inflammatory medicines relieve pain at the site of injury by blocking the cyclooxygenase enzyme, which prevents prostaglandin formation. NSAIDs are a class of medications that includes medications with analgesic, antipyretic, and, at higher doses, anti-inflammatory properties.

  • Opioids
  • Morphine
    • Fentanyl
    • Others
  • Non-Opioids
  • Acetaminophen
  • Non-Steroidal Anti-Inflammatory Drugs (NSAIDs)
  • Nerve Blockers

By Disease Indication (Revenue, USD Billion):

Based on disease Indication the market is segmented into:

  • Lung Cancer
  • Colorectal cancer
  • Breast cancer
  • Prostate cancer
  • Blood cancer
  • Others

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 15 February 2023
Updated by: Dhruv Joshi

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