Global CINV Existing And Pipeline Drugs Market Size By Drug Class, By Indication, By Route of Administration, By Geographic Scope And Forecast
Published on: 2024-07-15 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global CINV Existing And Pipeline Drugs Market Size By Drug Class, By Indication, By Route of Administration, By Geographic Scope And Forecast
CINV Existing And Pipeline Drugs Market Size And Forecast
CINV Existing And Pipeline Drugs Market size was valued at USD 1.92 Billion in 2023 and is projected to reach USD 3.3 Billion by 2031, at a CAGR of 5.9% from 2024 to 2031.
Global CINV Existing And Pipeline Drugs Market Drivers
The market drivers for the CINV Existing And Pipeline Drugs Market can be influenced by various factors. These may include
- Raising the Rates of Cancer Incidence and Treatment Effective CINV management medications are becoming more and more necessary since cancer is becoming more commonplace worldwide and more patients are getting chemotherapy.
- Developments in Cancer Treatment The variety of chemotherapy regimens available has increased with the introduction of targeted treatments and immunotherapies. The CINV profiles of these more recent treatments are frequently different, which makes the creation of new antiemetic medications necessary.
- Increasing Awareness and Diagnosis The demand for CINV medications is being driven by better diagnosis and management techniques brought about by increased awareness among healthcare professionals of the impact of CINV on patient quality of life.
- Patient-Centric Care In oncology, there is a rising emphasis on patient-centric care, which addresses treatment-related side effects such as chemotherapy-induced nausea and vomiting (CINV) in addition to cancer treatment. The creation of CINV treatments that are more patient-friendly and effective has been accelerated by this trend.
- Regulatory Support To create a more active pipeline of CINV therapies, regulatory organizations like the FDA and EMA have been aggressively promoting the development of new antiemetic medications and easing their approval processes.
- Growing Healthcare Expenditure The acceptance of more recent and potent CINV medicines is being aided by rising healthcare spending, especially in developing nations and by government investments in the infrastructure of cancer care.
- Technological Innovations The effectiveness and convenience of CINV treatments are being improved by new drug delivery technologies, such as long-acting formulations and innovative modes of administration, which is propelling market expansion.
- Emphasis on Combination therapy Drug developers are finding possibilities to innovate and gain market share as a result of the trend toward combination therapy for CINV, which includes the use of different antiemetic medicines with complimentary mechanisms of action.
- Growing Senior Population Cancer and its sequelae, such as CINV, are more common among the elderly population, especially in developed nations. It is anticipated that this demographic trend would sustain demand for CINV medications.
- Emerging Markets The addressable market for CINV medications is growing in areas like Asia-Pacific and Latin America because to the rising incidence of cancer in these nations, improved healthcare accessibility, and rising disposable incomes.
Global CINV Existing And Pipeline Drugs Market Restraints
Several factors can act as restraints or challenges for the CINV Existing And Pipeline Drugs Market. These may include
- Generic Competition With the patents on several CINV medications having expired or soon to expire, generic equivalents are becoming more and more competitive. Price erosion and lower sales for branded goods may result from this.
- Strict Regulatory Requirements New CINV medications frequently need to undergo lengthy clinical trials to prove their safety and efficacy before they can be approved by regulators, which can result in expensive development times. Regulatory obstacles may make it more difficult to enter a market and raise development costs.
- Safety Issues The usage and uptake of certain CINV medications may be restricted due to potential side effects or safety issues. The expansion of the market may be impacted by safety concerns that result in regulatory scrutiny, market withdrawals, or restricted prescribing practices.
- Limited Patient Compliance Patients may find it difficult to follow CINV treatment plans because of things like complicated dosage schedules, adverse drug reactions, and budgetary limitations. Inadequate patient adherence can impede market expansion and have an impact on treatment outcomes.
- Cost constraints Cancer therapy can be costly, putting a strain on payers, healthcare providers, and patients. This includes CINV management. The adoption of newer, more expensive CINV medications may be hampered by cost, especially in environments with limited resources.
- Drug Resistance Over time, certain patients may grow tolerant or resistant to specific antiemetic medications, which may decrease their efficacy and require the use of alternate treatments. The demand for new strategies can be fueled by drug resistance, which can reduce the long-term effectiveness of current CINV therapy.
- Limited Reimbursement Patient access to CINV medications may be impacted by variations in reimbursement policies and coverage restrictions among healthcare systems and payers. Growth in the market may be hampered by limited reimbursement, especially for more expensive or recent medicines.
- Competition from Non-Pharmacological therapies The value of non-pharmacological therapies in the management of CINV is becoming more widely acknowledged. Examples of these interventions include acupuncture, cognitive-behavioral therapy, and relaxation techniques. The market for pharmacological CINV medicines may be impacted by competition from these alternative strategies.
- Risks associated with pipeline developmentinclude unexpected safety concerns, regulatory hurdles, and clinical trial failures. The commercialization of potential drug candidates may be delayed or derailed by pipeline risks, which could affect market growth projections.
- Challenges with Healthcare Infrastructure Inadequate access to specialist cancer centers and qualified oncology personnel, among other things, can limit the market potential for CINV medications and make it more difficult to manage CINV effectively in some areas.
Global CINV Existing And Pipeline Drugs Market Segmentation Analysis
Global CINV Existing And Pipeline Drugs Market is segmented based on Drug Class, Indication, Route of Administration And Geography.
CINV Existing And Pipeline Drugs Market, By Drug Class
- 5-HT3 Receptor Antagonists Medications targeting serotonin receptors to alleviate chemotherapy-induced nausea and vomiting.
- NK1 Receptor Antagonists Drugs inhibiting neurokinin receptors, offering relief from chemotherapy-induced nausea and vomiting.
- Corticosteroids (Dexamethasone) Steroidal medications like Dexamethasone used to manage inflammation and CINV symptoms.
- Benzodiazepines (Lorazepam) Anxiolytic drugs such as Lorazepam employed to alleviate anxiety and vomiting associated with chemotherapy.
CINV Existing And Pipeline Drugs Market, By Indication
- Acute CINV Nausea and vomiting symptoms occurring within 24 hours post-chemotherapy.
- Delayed CINV Nausea and vomiting symptoms manifesting more than 24 hours post-chemotherapy.
- Breakthrough CINV Sudden or severe episodes of nausea and vomiting despite antiemetic prophylaxis.
CINV Existing And Pipeline Drugs Market, By Route of Administration
- Oral Medications administered through the mouth, typically in the form of tablets, capsules, or liquid formulations.
- Intravenous Drugs delivered directly into the bloodstream through injection or infusion.
- Transdermal Application of medications onto the skin for absorption into the bloodstream.
- Sublingual Administration of medications under the tongue for rapid absorption into the bloodstream.
CINV Existing And Pipeline Drugs Market, By Geography
- North America Market conditions and demand in the United States, Canada, and Mexico.
- Europe Analysis of the CINV Existing And Pipeline Drugs Market in European countries.
- Asia-Pacific Focusing on countries like China, India, Japan, South Korea, and others.
- Middle East and Africa Examining market dynamics in the Middle East and African regions.
- Latin America Covering market trends and developments in countries across Latin America.
Key Players
The major players in the CINV Existing And Pipeline Drugs Market are
- GlaxoSmithKline plc
- Helsinn Holding S.A
- Heron Therapeutics, Inc
- Merck & Co., Inc
- Tesaro, Inc
- Baxter Healthcare
- Barr Laboratories, Inc
- Sun Pharma
- Sandoz (Novartis AG)
- Mylan Pharmaceuticals, Inc
- Orchid Healthcare
- Teva Pharmaceuticals
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2020-2030 |
BASE YEAR | 2023 |
FORECAST PERIOD | 2024-2030 |
HISTORICAL PERIOD | 2020-2022 |
Unit | Value (USD Billion) |
KEY COMPANIES PROFILED | GlaxoSmithKline plc, Helsinn Holding S.A., Heron Therapeutics, Inc, Merck & Co., Inc, Tesaro, Inc, Baxter Healthcare, Barr Laboratories, Inc, Sun Pharma, Sandoz (Novartis AG), Mylan Pharmaceuticals, Inc, Orchid Healthcare, Teva Pharmaceuticals. |
SEGMENTS COVERED | By Drug Class, By Indication, By Route of Administration , and By Geography. |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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