The global Chemotherapy Induced Acral Erythema Market is there to witness an irrevocable In Upcoming Years. Innovation in the form of digital tools is the buzzword all across. Even though it’s the youth engaging in digital and social platforms, the geriatric population could get benefited by engaging the services therein. Thus, the exponential influx of e-business, online consultations, and booking, door-step delivery are likely to run through the enterprise going forward.
According to latest research by Persistence Market Research, Chemotherapy-Induced Acral Erythema Market is set to witness steady growth during 2021-2031.
Increase in usage of chemotherapeutic agents due to increasing prevalence of cancers is the major growth driver of chemotherapy induced acral erythema treatment market.
Acral erythema is also known as hand-foot syndrome or palmoplantar erythrodysesthesia. Acryl erythema is a result of adverse drug reaction typically occur after several months of treatment with chemotherapeutic agents. Being the major cause of death, it is estimated 18.1 million new cases of cancer and 9.5 million cancer related deaths worldwide.
By 2040, the annual number of cancer cases is expected to increase to 29.5 million and the number of cancer deaths is expected to increase to 16.4 million. The increased prevalence of cancer is to explode new cases of acral erythema and promote the chemotherapy-induced acral erythema market.
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There are many growth drivers of the acral erythema market that frequently affect the market. One of the major driver in the acral erythema market is the increased detection of cancer. In recent years, the number of patients with cancer has increased. Ongoing research in the development of novel products and therapies for the management of acral erythema is another key factor contributing to the growth of the acral erythema market.
This also creates a window for acral erythema and industrial demand window for acral erythema. Another important factor in the acral erythema market is the increased elderly population. People get older and more susceptible to cancer because of their current lifestyle.
All of these factors also affect the acral erythema market as they increase the number of patients receiving chemotherapy each year. Increasing prevalence of cancer propel the growth of chemotherapy-induced acral erythema market.
Clinical management of acral erythema is largely focused on palliative measures such as pain management and nutritional support. Increasing prevalence of the conditions led to technological advancements in the market.
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ActiPatch® (BioElectronics Corporation, 2016), is a non-invasive, electroceutical device which uses electromagnetic fields to modulate efferent nerve activity which reduces the pain. Innovate Pharmaceuticals developed an innovative novel liquid formulation of aspirin. Innovate Pharmaceuticals has received crucial support from GC Business Growth Hub and MATMED for human clinical trials to test how the drug helps patients with both Covid-19 and cancer.
GSK Consumer Healthcare launched, New Advil Dual Action with Acetaminophen Over-The-Counter Oral Pain Relief Category in 25 Years in the U.S. Teva Announces Launch of First Generic Celebrex® Capsules in the U.S. in 2014.
Additionally, increased investment in research and development and technological advancement in the acral erythema treatment is expected to underpin the growth of the chemotherapy-induced acral erythema market.
The market for chemotherapy-induced acral erythema most prominently driven by countries like U.S. According to WHO, in 2020, there was an estimation of 1,806,590 new cases of cancer diagnosed in the U.S. Estimated national expenditures for cancer care in the U.S. in 2018 were $150.8 billion. In future years, costs are likely to increase as the population ages and more people have cancer.
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300 000 new cases of cancer diagnosed each year among children aged 0-19 years. Increasing cases of cancer can led to increase in cases of acral erythrma. This will primarily boost the expected market growth in the region. ACADIA Pharmaceuticals acquired CerSci Therapeutics in 2020, a developer of treatments for pain and other neurological conditions, for $52.5M.
Europe accounts for only one-eighth of the world’s population, but accounts for about a quarter of the world’s cancer incidence, with about 3.7 million new cases annually. Lungs, breasts, stomach, liver, colon and breast cancer induce the most cancer deaths each year. In 2016, 1.2 million people died from cancer, more than a quarter (25.8%) of the total death.
With the acquisition of IFM Tre, Novartis adds clinical and preclinical anti-inflammatory programs to its portfolio. Swiss company pays $310 million upfront to access IFM Tre’s portfolio of NLPR3 antagonists, comprising one clinical program and two preclinical programs.
Some of the leading manufacturers and suppliers of chemotherapy-induced acral erythema drugs include,
Sanofi has entered into an agreement to sell its anti-inflammatory portfolio to the Italian company Fidia Farmaceutici to streamline its products, established in March 2021.
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