Market Size in 2023 | Market Forecast in 2032 | Growth Rate (in %) | Base Year |
---|---|---|---|
USD 8.06 billion | USD 10.99 billion | CAGR at 3.50%. | 2023 |
The global chemotherapy-induced myelosuppression treatment market size was worth around USD 8.06 billion in 2023 and is predicted to grow to around USD 10.99 billion by 2032 with a compound annual growth rate (CAGR) of roughly 3.50% between 2024 and 2032.
In Global Chemotherapy-Induced Myelosuppression Treatment Market Report, The report covers forecasts and analyses for the chemotherapy-induced myelosuppression treatment market on a global and regional level. The study provides historic data from 2022 along with forecasts from 2024 to 2032 based on revenue (USD Billion). The study includes drivers and restraints for the chemotherapy-induced myelosuppression treatment market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the chemotherapy-induced myelosuppression treatment market on a global as well as regional level.
In order to give the users of this report a comprehensive view on the chemotherapy-induced myelosuppression treatment market we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the chemotherapy-induced myelosuppression treatment market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new indication launch, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the chemotherapy-induced myelosuppression treatment market on global and regional basis.
Suppression of bone marrow is termed as myelosuppression. Myelosuppression leads to decreased blood cells production as a result of reduced activity of bone marrow. This may cause decrease in all types of blood cells such as red blood cells (RBCs), white blood cells (WBCs) and platelets or any one. Pancytopenia refers to decrease in all three types of blood cells. Myelosuppression is most common side effect of chemotherapy. Chemotherapy may lead to mild to severe myelosuppression. Severe myelosuppression can be fatal and needs medical attention. Various symptoms of myelosuppression include fatigue, dizziness, shortness of breath, anemia in case of decrease in red blood cells, infection such as cough, chills, fever etc. in case of decrease in white blood cells. Decrease in platelet count may lead to thrombocytopenia.
The demand for chemotherapy-induced myelosuppression treatment market is driven by availability of advanced treatment options like chemotherapy, surgeries, radiotherapy, increasing preference for chemotherapy for cancer treatment, promising drug pipelines, increasing prevalence of cancer across the globe, increasing awareness among patients, increasing healthcare expenditure and increasing disposable income, launch of cost effective biosimilars. However, loss of patent exclusivity and intense competition may hinder the market growth. Extensive drug pipeline and focus of pharmaceutical companies on development of safe and efficient chemotherapy-induced myelosuppression treatment drugs will bring new growth opportunities for market players over the forecast period.
Based on indication, the global chemotherapy-induced myelosuppression treatment market is bifurcated into anemia, neutropenia, and thrombocytopenia. The neutropenia indication segment accounted for the largest market share in 2018 and is expected to retain its dominance over the forecast period. Neutropenia is most common side effect resulting from myelosuppression treatment. The severity and complications of neutropenia may be fatal and thus attribute to a large share. The thrombocytopenia segment will register the highest growth over the forecast period.
Based on drug class market is segmented into thrombopoietin agents, erythropoietin stimulating agents, iron supplements, growth factors and others. Growth factors drug class segment held dominating market share in 2018. Whereas erythropoietin stimulating agents drug class segment will witness the highest growth rate over the forecast period.
Based on the route of administration, the global chemotherapy-induced myelosuppression treatment market is categorized into injectable and oral. The injectable administration route segment held the largest market share in 2018. This is due to their higher therapeutic availability compared to oral drugs.
The distribution channel segment of the TNF inhibitor drugs market is divided into retail pharmacies, hospital pharmacies, and online pharmacies. Retail pharmacies held largest revenue share in 2018 among all distribution channels. Online pharmacies are expected to witness rapid growth in the years to come.
Report Attributes | Report Details |
---|---|
Report Name | Chemotherapy-Induced Myelosuppression Treatment Market Research Report |
Market Size in 2023 | USD 8.06 billion |
Market Forecast in 2032 | USD 10.99 billion |
Growth Rate | CAGR of 3.50%. |
Number of Pages | 123 |
Key Companies Covered | Teva Pharmaceutical Industries Ltd., Amgen Inc., Janssen Global Services, LLC, Pfizer Inc., Mylan NV, Mission Pharmacal Company, Myelo Therapeutics GmbH, Dova Pharmaceuticals, Partner Therapeutics, Inc. and Novartis AG among others. |
Segments Covered | By Indication, By Drug Class, By Route of Administration, By Distribution Channel and By Regional |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America dominated the global chemotherapy-induced myelosuppression treatment market in 2018. Favorable reimbursement policies, strong commercial sales, a large patient pool, the presence of key players, and growing awareness are major factors driving the growth in this region. Europe was the second-largest regional market in terms of revenue share. Increasing prevalence of cancer, availability of developed infrastructure, and growing awareness are some of the factors that boost the market growth in this region. Asia Pacific region will be the rapidly growing market for chemotherapy-induced myelosuppression treatment. Economic development, increasing geriatric population base and cancer prevalence, healthcare infrastructure improvement, increasing healthcare spending and disposable income, and growing awareness are important factors attributing to the rapid growth in this region.
On the other hand Latin America will experience moderate growth in the coming years. Middle East and Africa will register slower growth in the years to come.
The global chemotherapy-induced myelosuppression treatment market is dominated by players like:
Global Chemotherapy-Induced Myelosuppression Treatment Market: Indication
Global Chemotherapy-Induced Myelosuppression Treatment Market: By Drug Class
Global Chemotherapy-Induced Myelosuppression Treatment Market: By Route of Administration
Global Chemotherapy-Induced Myelosuppression Treatment Market: By Distribution Channel
Global Chemotherapy-Induced Myelosuppression Treatment Market: By Region
FrequentlyAsked Questions
The management and prevention of a condition in which the toxic effects of chemotherapy drugs impair the bone marrow's capacity to produce blood cells is referred to as chemotherapy-induced myelosuppression treatment. A prevalent and potentially severe adverse effect of chemotherapy is myelosuppression, which can result in reduced production of platelets (thrombocytopenia), red blood cells (neutropenia), and white blood cells (neutropenia). Chemotherapy-undergoing cancer patients may be more susceptible to infections, fatigue, and hemorrhage complications due to this condition.
The escalating prevalence of cancer on an international scale augments the need for myelosuppression therapy induced by chemotherapy. As the number of patients undergoing chemotherapy to treat cancer increases, so does the need for efficient management of complications associated with myelosuppression.
The global chemotherapy-induced myelosuppression treatment market size was worth around USD 8.06 billion in 2023 and is predicted to grow to around USD 10.99 billion by 2032.
The global chemotherapy-induced myelosuppression treatment market with a compound annual growth rate (CAGR) of roughly 3.50% between 2024 and 2032.
Economic development, increasing geriatric population base and cancer prevalence, healthcare infrastructure improvement, increasing healthcare spending and disposable income, and growing awareness are important factors attributing to the rapid growth in this region. On the other hand Latin America will experience moderate growth in the coming years. Middle East and Africa will register slower growth in the years to come.
Teva Pharmaceutical Industries Ltd., Amgen Inc., Janssen Global Services, LLC, Pfizer Inc., Mylan NV, Mission Pharmacal Company, Myelo Therapeutics GmbH, Dova Pharmaceuticals, Partner Therapeutics, Inc. and Novartis AG
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