Cancer Supportive Care Products Market to Surpass US$ 44,915.7 Mn by 2030 - Coherent Market Insights

Global Cancer Supportive Care Products Market by Drug Class (Nonsteroidal Anti – Inflammatory Drugs, Anti-Infective, Anti-Emetics, Monoclonal Antibodies, Erythropoietin Stimulating Agents, Opioid Analgesics, Bisphosphonates, Granulocyte Colony Stimulating Factor), By Indication(Lung Cancer, Breast Cancer, Prostate Cancer, Liver Cancer, Bladder Cancer, Leukemia, Ovary Cancer, Melanoma Cancer, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Compounding Pharmacies), and By Region( North America, Latin America, Europe, Asia Pacific, Middle East & Africa is estimated to be valued at US$ 32,458.0 Million in 2023 and is expected to exhibit a CAGR of 4.7% during the forecast period (2023-2030), as highlighted in a new report published by Coherent Market Insights.

Cancer is a group of diseases involving abnormal cell growth with the potential to invade or spread to other parts of the body. It can be detected by certain signs and symptoms or screening tests. Supportive care products helps to give relief to the patients who are suffering from various types of cancerand helps to improve there quality of life. The global cancer supportive care products market cancer supportive care was estimated to account for US$  31,045.4 Mn in terms of value by the end of 2022.

Global Cancer Supportive Care Products Market – Impact of Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic had a drastic impact on the Global Cancer Supportive Care Products Market. For instance, according cancer statistics 2022 to the American Society Of Clinical Oncology, there was a huge decline in the number of patients visits who suffer from cancer, cancer screenings, and  surgeries. In addition, hospital outpatient evaluation & management (E&M) visits (74%), new patient E&M visits (70%), and existing patient E&M visits (60%) all were decreased. However, in most regions, around the second quarter of 2021, the overall condition returned to normal. For Instance, in August 2020, the Authorea Journal article titled ‘The Impact of COVID-19 Pandemic In Children With Cancer: A Report From Saudi Arabia’, reported that cancer children on chemotherapy require regular outpatient assistance, and intermittent hospital admission, and support therapy for appropriate therapy delivery. It reported that in the studied population, 63% of patients reported a delay in treatment received during the COVID-19 pandemic

Global Cancer Supportive Care Products Market:

Key Developments

Major players in the market are focused on the approval and launch of new products to expand their product portfolio. For Instance, on 5 August, 2022 FDA approved the first targeted therapy for patients with HER2-low breast cancer that has spread to other parts of the body and is unable to be surgically removed. The drug, trastuzumab deruxtecan (T-DXd or Enhertu®), was approved based on an international clinical trial led by MSK breast medical oncologist Shanu Modi, MD.  

Browse 28 Market Data Tables and 22 Figures spread through 175 Pages and in-depth TOC on “Global Cancer Supportive Care Products Market by Drug Class ( Nonsteroidal Anti – Inflammatory Drugs, Anti-Infective, Anti- Emetics, Monoclonal Antibodies, Erythropoietin Stimulating Agents, Opioid Analgesics, Bisphosphonates, Granulocyte Colony Stimulating Factor ), By Indication(Lung Cancer, Breast Cancer, Prostate Cancer, Liver Cancer, Bladder Cancer, Leukemia, Ovary Cancer, Melanoma Cancer, Others), By Distribution Channel ( Hospital Pharmacies, Retail Pharmacies, Compounding Pharmacies), and By Region( North America, Latin America, Europe, Asia Pacific, Middle East & Africa )

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https://www.coherentmarketinsights.com/market-insight/cancer-supportive-care-drugs-market-2013

Key Takeaways of the Global Cancer Supportive Care Products Market  :

• The global cancer supportive care product market is expected to exhibit a CAGR of 4.7% during the forecast period due to the increasing emergence of Covid-19. For instance, in April 2020, according to the data published by World Health Organization,A retrospective analysis of 355 patients who died of COVID-19 in Italy showed that 20% had active cancer
• Among drug class, Erythropoietin Stimulating Agents segment is estimated to hold a dominant position in the global cancer supportive care products market over the forecast period . For instance, In 2022, accounting for a 7% share in terms of value, increasing research and development along with product approvals is expected to assist the segment growth during the forecast period.
• Among region, North America is expected to be the dominant region in the global cancer supportive care products market, Factors such as the increasing prevalence of diseases and increasing initiatives by the public and private players are anticipated to drive the studied market growth in the country.
• Major players operating in the global cancer care supportive product market include Amgen Inc., Johnson & Johnson Private Ltd., Merck, Novartis AG, Baxter International, Hoffmann-La Roche Ltd., Fagron, Teva Pharmaceutical Industries Ltd., G1 Therapeutics Inc., APR Applied Pharma Research s.a., Acacia Pharma, EMD Serono, and Kyowa Hakko Kirin Co., Ltd.