US Cancer Supportive Care Drugs Market Analysis

US Cancer Supportive Care Drugs Market Analysis


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US Cancer Supportive Care Drugs Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030.Cancer incidence, enhanced medicines, patient-centric care, awareness, government backing, technology improvements, and an ageing population are driving the cancer supportive care medications industry. Amgen, Inc., Merck & Co., Inc., Johnson & Johnson Services, Inc., Heron Therapeutics, Inc., Novartis AG, GSK plc, F. Hoffmann-La Roche Ltd., and Helsinn Healthcare SA are among the global market leaders in cancer supportive care medications.

ID: IN10USPH252 CATEGORY: Pharmaceuticals GEOGRAPHY: US AUTHOR: Dr. Netal Patel

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US Cancer Supportive Care Drugs Market Analysis Summary

US Cancer Supportive Care Drugs Market is valued at around $8345.4 Mn in 2022 and is projected to reach $8269 Mn by 2030, exhibiting a CAGR of -0.12% during the forecast period 2023-2030.

The cancer supportive care drugs market focuses on pharmaceutical products and therapies aimed at managing and alleviating the side effects and symptoms associated with cancer and its treatments. Cancer supportive care drugs are designed to improve the quality of life for cancer patients by addressing issues such as pain, nausea and vomiting, anemia, fatigue, infection, and other complications. These drugs are typically used in conjunction with cancer treatments such as chemotherapy, radiation therapy, and targeted therapy. They aim to minimize the adverse effects of these treatments and provide symptomatic relief to patients, thereby enhancing their overall well-being and treatment outcomes. The cancer supportive care drugs market includes a wide range of medications, including antiemetics (to prevent or treat chemotherapy-induced nausea and vomiting), pain medications (to manage cancer-related pain), growth factors (to stimulate red and white blood cell production), antibiotics (to prevent or treat infections), and other supportive care therapies. The market is driven by factors such as the increasing prevalence of cancer worldwide, the growing emphasis on improving the quality of life for cancer patients, advancements in cancer treatment modalities, and the rising demand for personalized and comprehensive cancer care. The market is also influenced by factors such as healthcare infrastructure, government policies, reimbursement systems, and the level of awareness among healthcare professionals and patients about supportive care interventions. Amgen, Inc., Merck & Co., Inc., Johnson & Johnson Services, Inc., Heron Therapeutics, Inc., Novartis AG, GSK plc, F. Hoffmann-La Roche Ltd., and Helsinn Healthcare SA are among the global market leaders in cancer supportive care medications.

Market Dynamics

Market Growth Drivers

The Cancer Supportive Care Drugs Market is driven by several factors. Firstly, the increasing incidence of cancer worldwide fuels the demand for supportive care drugs as more patients require symptom management and improved quality of life during their treatment journey. Secondly, advancements in cancer therapies, including chemotherapy and radiation, have improved survival rates but also brought forth side effects that necessitate effective management through supportive care drugs. Additionally, there is a growing emphasis on patient-centric care in oncology, promoting the use of supportive care drugs to address treatment-related symptoms and enhance patient comfort. Increasing awareness and education among healthcare professionals, patients, and caregivers about the benefits of supportive care contributes to the growing demand. Government initiatives and supportive care guidelines further support the utilization of these drugs. Technological advancements have led to the development of new and improved supportive care drugs, addressing specific symptoms and improving patient outcomes. Lastly, the rising geriatric population, who are more susceptible to cancer and its side effects, drives the demand for supportive care drugs to manage their symptoms effectively.

Market Restraints

The restraints in the Cancer Supportive Care Drugs Market include high cost, side effects and safety concerns, limited availability and accessibility, and integration challenges.

Competitive Landscape

Key Players

  • Amgen, Inc.
  • Merck & Co., Inc.
  • Johnson & Johnson Services, Inc.
  • Heron Therapeutics, Inc.
  • Novartis AG
  • GSK plc
  • F. Hoffmann-La Roche Ltd.
  • Helsinn Healthcare SA

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 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 Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

US Cancer Supportive Care Drugs Market Segmentation

By Cancer Type

  • Breast Cancer
  • Lung Cancer
  • Colorectal Cancer
  • Prostate Cancer
  • Others.

By Treatment Modality

  • Chemotherapy
  • Radiation Therapy
  • Immunotherapy
  • Targeted Therapy
  • Hormonal Therapy

By Drug Class

  • Antiemetics (for managing nausea and vomiting)
  • Pain Management Drugs
  • Hematopoietic Growth Factors
  • Anxiolytics
  • Anti-inflammatory Drugs
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Specialized Cancer Treatment Centres

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”.

 

Stage I: Market Data Collection

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.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

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

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

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: 27 February 2024
Updated by: Jay Dalwadi

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