The Cancer Pain Market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Cancer Pain Market: Drivers and Challenges
According to National Cancer Institute, over 1,660,290 new patients were diagnosed with cancer and over 580,350 Americans died of cancer in 2013. Pain is one of the most dreaded symptoms in cancer, and it is moderate to severe in more than 50% of cancer patients. A similar increase in the number of cancer patients has been noted globally, which is one of the major growth drivers of cancer pain management. Globally, over 75% of the cancer patients complain of a gradual increase in pain as the disease progresses, and chronic pain is experienced by nearly 70% of the patients suffering from spinal cord injuries, 8% of stroke patients, and 28% of multiple sclerosis patients. This increase in the number of cancer patients experiencing pain will have a positive effect on the growth of cancer pain market. Also, a range of cancer pain management drugs is in the pipeline, indicating the increased research and development that would lead to the growth of the cancer pain market. Furthermore, increased healthcare spending and the availability of reimbursement would aid in the growth of the cancer pain market. However, lack of awareness and the high cost of treatment might hamper the cancer pain market.
Cancer Pain Market:Key Players
The leading players in the cancer pain market include Pfizer, Inc., Purdue Pharma, Mallinckrodt Pharmaceuticals, Teva Pharmaceuticals, Eli Lilly and Company, Johnson & Johnson, Endo Pharmaceuticals Inc., BioDelivery Sciences, ProStrakan Group, Sanofi S.A., and Grunenthal Group, among other significant global market players.
Cancer Pain Market:Regional Overview
Opioids are expected to remain the dominant drug class segment in cancer pain market, owing to their ability to effectively treat the cancer pain. Geographically, North America is expected to lead the cancer pain market. The presence of market leaders in the region, well-developed healthcare infrastructure, and enhanced healthcare spending contribute to the growth of the cancer pain market in the region. However, Asia Pacific is expected to record a high CAGR growth in the cancer pain market during the forecast period, owing to the growing awareness among people, and increased government spending on providing enhanced healthcare services to the people. China, Brazil, and India are expected to drive strong growth in the cancer pain market as a result of increasing investments by the government to enhance the healthcare facilities.
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