Cancer supportive care product is a rapidly growing area of specialized healthcare
SEATTLE, WASHINGTON, UNITED STATES, November 19, 2021 /EINPresswire.com/ — Market Overview:
Cancer supportive care product is a rapidly growing area of specialized healthcare. The cancer industry is growing at a pace that has been unprecedented over the last three decades. Much of the growth is attributed to the realization that cancer cells can be killed by cancer treatment. This new recognition and understanding of cancer's aggressiveness is driving much of the innovative clinical practices used to treat cancer.
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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.
Key Market Drivers:
Growing prevalence of cancer is propelling growth of the cancer supportive care products market. According to the International Agency for Research on Cancer, cancer is among the leading causes of death worldwide. In 2018, there were 18.1 million new cases and 9.5 million cancer-related deaths worldwide. By 2040, the number of new cancer cases per year is expected to rise to 29.5 million and the number of cancer-related deaths to 16.4 million.
Rising investment in cancer R &D is again expected to foster growth of the market. For instance, in April 2021, Volastra Therapeutics has entered into R&D partnership with Microsoft for developing drugs for cancer metastasis, the cause of the vast majority of cancer deaths. With the investment of $44 million.
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Covid-19 Impact Analysis
The flare-up of novel Covid-19 has seriously struck the world and made huge impact on economy with its spread. Because of this pandemic, the medical care area was one of the most terribly affected industry. There was delay in treatment for cancer patient due to travel restriction. However, many companies are experiencing positive growth due to the growing demand for drug and medical device. This is encouraging manufacturers to increase the production capacity and supply around the globe.
The cancer supportive care products market is expected to exhibit a CAGR of XX % over the forecast period due to increasing prevalence of cancer and rise in number of R &D for cancer treatment.
North America is expected to witness significant growth of the market owing to the increasing launch of new &novel cancer drug. For instance, in September 2021, Apobiologix, a division of Apotex Inc., expanded its leadership in Canada's biosimilar market with the approval of its first therapeutic treatment, Bambevi® for cancer treatment.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Cancer Supportive Care Products Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Cancer Supportive Care Products Industry Impact
Chapter 2 Global Cancer Supportive Care Products Competition by Types, Applications, and Top Regions and Countries
2.1 Global Cancer Supportive Care Products (Volume and Value) by Type
2.3 Global Cancer Supportive Care Products (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Cancer Supportive Care Products Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Cancer Supportive Care Products Market Analysis
Chapter 6 East Asia Cancer Supportive Care Products Market Analysis
Chapter 7 Europe Cancer Supportive Care Products Market Analysis
Chapter 8 South Asia Cancer Supportive Care Products Market Analysis
Chapter 9 Southeast Asia Cancer Supportive Care Products Market Analysis
Chapter 10 Middle East Cancer Supportive Care Products Market Analysis
Chapter 11 Africa Cancer Supportive Care Products Market Analysis
Chapter 12 Oceania Cancer Supportive Care Products Market Analysis
Chapter 13 South America Cancer Supportive Care Products Market Analysis
Chapter 14 Company Profiles and Key Figures in Cancer Supportive Care Products Business
Chapter 15 Global Cancer Supportive Care Products Market Forecast (2021-2027)
Chapter 16 Conclusions
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Source: EIN Presswire