Rising prevalence of cancer and increasing compliance of chemotherapy drugs are translating into demand for effective oral chemotherapy-induced nausea and vomiting (CINV) treatment options. Considering this, Fact.MR projects the global Cannabinoids nausea and vomiting treatment market to grow at a positive 6% CAGR, reaching US$ 5.7 Bn in 2031.
The World Health Organization (WHO) identifies cancer as one of the biggest social and economic burdens on humanity. Growing incidence of cancer cases is resulting in increasing number of patients requiring chemotherapy.
Anemia, sore mouth, nausea, vomiting, and hair loss are common side effects of chemotherapy that have a severe impact on the daily life of patients, resulting in high demand for CINV treatment options.
Consistent innovations in drug delivery systems, along with the availability of combination therapies for treating chemotherapy-induced nausea and vomiting are further augmenting the market growth.
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In order to address the rising demand, market players are investing in research and development to offer more effective and accessible solutions. This is indicative of lucrative growth prospects for the market in the upcoming decade.
As per Fact.MR, the U.S. is anticipated to dominate the North America chemotherapy-induced nausea and vomiting treatment market, accounting for 86% of the regional sales by 2031. The presence of leading market players and well-established healthcare infrastructure will continue boosting sales of chemotherapy-induced nausea and vomiting treatment through 2031.
“Availability of CINV treatment drugs through online retail channels, coupled with government-backed reimbursement plans in developed nations will continue shaping the demand outlook for chemotherapy-induced nausea and vomiting treatment market in the forthcoming years,” says the Fact.MR analyst.
Key Takeaways from Transdermal Nausea and Vomiting (CINV) Treatment Market Survey
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Key players operating in the global chemotherapy-induced nausea and vomiting treatment market are focusing on new product launches to meet the growing demand for the same. Apart from this, acquisitions, collaborations, and mergers will remain widely used growth strategies among players in the market. For instance, in January 2019, GSK acquired TESARO Inc., a biopharmaceutical company specializing in oncology, for a cash consideration of US$ 5.1 Bn.
Leading Players in the Oral Nausea and Vomiting (CINV) Treatment Market Include:
More Valuable Insights on Injectable Nausea and Vomiting (CINV) Treatment Market
Fact.MR provides an unbiased analysis of chemotherapy-induced nausea and vomiting (CINV) treatment market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the global chemotherapy-induced nausea and vomiting (CINV) treatment market with a detailed segmentation on the basis of:
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