Market Size –
The chemotherapy-induced myelosuppression treatment market size has grown steadily in recent years. It will grow from $7.65 billion in 2023 to $7.97 billion in 2024 at a compound annual growth rate (CAGR) of 4.3%. The growth in the historic period can be attributed to the increasing need for early diagnosis, increasing incidence of leukemia, and growing emphasis on research and development.
The chemotherapy-induced myelosuppression treatment market size is expected to see steady growth in the next few years. It will grow to $9.60 billion in 2028 at a compound annual growth rate (CAGR) of 4.7%. The growth in the forecast period can be attributed to the increasing number of cancer patients, Increased awareness among patients, and increasing adoption of new therapies. Major trends in the forecast period include increased cost-effective treatment, the adoption of AI algorithm solutions, notable technological advancements, and launches of new products and services.
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Scope Of Chemotherapy-Induced Myelosuppression Treatment Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Chemotherapy-Induced Myelosuppression Treatment Market Overview
Market Drivers –
The rising prevalence of cancer is expected to propel the growth of the chemotherapy-induced myelosuppression treatment market going forward. Cancer is the unregulated growth and spread of abnormal cells, often leading to the invasion of surrounding tissues and organs, disrupting their normal function, and potentially threatening the overall health and well-being of the individual. The prevalence of cancer is due to exposure to pollution, radiation, certain chemicals, and carcinogens. Chemotherapy-induced myelosuppression treatment is essential in cancer care for managing the hematological side effects caused by chemotherapy, which is a standard treatment modality for various types of cancer. For instance, in May 2024, according to the American Society of Clinical Oncology, a US-based professional organization, an estimated 20 million new cancer cases were found in 2022, and expected to reach 35 million new cases globally by 2050. Therefore, the rising prevalence of cancer is driving the chemotherapy-induced myelosuppression treatment market.
Market Trends –
Major companies operating in the chemotherapy-induced myelosuppression treatment market focus on developing innovative products, such as myeloprotection therapy, to enhance treatment efficacy and patient experience. Myeloprotection therapy refers to medical interventions to protect the bone marrow and hematopoietic stem cells from damage caused by specific treatments, particularly chemotherapy and radiation therapy. For instance, in February 2021, G1 Therapeutics Inc., a US-based biopharmaceutical company, launched COSELA (trilaciclib) for injection to lessen the frequency of myelosuppression caused by chemotherapy in adult patients, which was approved by the Food and Drug Administration (FDA), a US-based federal agency. This innovative approach alleviates common chemotherapy side effects like neutropenia, anemia, and thrombocytopenia, often leading to dose reductions or treatment delays. Cosela integrates smoothly into existing chemotherapy regimens across different cancer types, enhancing patient tolerance and supporting continuous therapy delivery, potentially improving overall treatment outcomes and quality of life.
The chemotherapy-induced myelosuppression treatment market covered in this report is segmented –
1) By Indication: Anemia, Neutropenia, Thrombocytopenia
2) By Drug Class: Growth Factors, Erythropoietin Stimulating Agents, Thrombopoietic Agents, Iron Supplements, Other Drug Classes
3) By Route Of Administration: Oral, Injectable
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
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Regional Insights –
North America was the largest region in the chemotherapy-induced myelosuppression treatment market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the chemotherapy-induced myelosuppression treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the chemotherapy-induced myelosuppression treatment market are <b>Merck & Co. Inc., Bayer AG, Sanofi SA, Abbott Laboratories, Novartis AG, Glaxo Smith Kline plc, Amgen Inc., Viatris Inc., Biogen SA, Bausch Health Companies Inc., Cipla Inc., Hikma Pharmaceuticals PLC,Lupin Ltd, Seagen Inc, Mission Pharmacal Company, G1 Therapeutics Inc., Spectrum Pharmaceuticals Inc., Partner Therapeutics Inc., Myelo Therapeutics GmbH, Evive Biotech Inc.</b>
Table of Contents
1. Executive Summary
2. Chemotherapy-Induced Myelosuppression Treatment Market Report Structure
3. Chemotherapy-Induced Myelosuppression Treatment Market Trends And Strategies
4. Chemotherapy-Induced Myelosuppression Treatment Market – Macro Economic Scenario
5. Chemotherapy-Induced Myelosuppression Treatment Market Size And Growth
…..
27. Chemotherapy-Induced Myelosuppression Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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