Chemotherapy-Induced Myelosuppression Treatment Market to Reach US$ 9.7 Billion Revenue by 2028 as Cancer Diagnosis, Treatment Rate Increases

The global incidence of cancer is growing rapidly, and the rate of the diagnosis of cancer as well as the treatment-seeking rate are growing at a similar pace. This is a major factor that is expected to fuel the growth of the Chemotherapy-induced myelosuppression treatment market. According to the latest research by “the company”, the global Chemotherapy-induced myelosuppression treatment market is projected to account for a market value of US$ 9,775.5 Mn by the end of 2028. The report also projects significant growth potential for the Chemotherapy-induced myelosuppression treatment market throughout the forecast period.

Chemotherapy is often regarded as the first line of treatment for cancer, which is boosting the incidence of myelosuppression, thus driving the Chemotherapy-induced myelosuppression treatment market. On an average, around 4 to 6 cycles of chemotherapy are carried out per person in a span of around six months to a year, which is also expected to drive the Chemotherapy-induced myelosuppression treatment market. As per a large sample study carried out by Innovent Oncology, more than 22.0% of cancer patients undergo 4 to 6 chemotherapy cycles, which represents a number of patients that require Chemotherapy-induced myelosuppression treatment.

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Various manufacturers in the Chemotherapy-induced myelosuppression treatment market are focusing on improving their regional product footprints through partnerships, acquisitions and collaborations. To remain competitive and ensure a robust product pipeline in the Chemotherapy-induced myelosuppression treatment market, prominent biopharmaceutical companies continue to identify potential assets from smaller firms, which typically have limited resources to see projects through to the Chemotherapy-induced myelosuppression treatment market. In February 2018, a Boston-based cancer company Partner Therapeutics, Inc. acquired the global rights for the development, manufacturing and commercialisation of Leukine (sargramostim) from Sanofi. Leukine is used for Chemotherapy-induced myelosuppression treatment.

“The company” has segmented the global Chemotherapy-induced myelosuppression treatment market based on drug class, indication, route of administration, distribution channel and region. In terms of revenue, the growth factors segment of the Chemotherapy-induced myelosuppression treatment market by drug class is expected to be the dominant segment by revenue in the Chemotherapy-induced myelosuppression treatment market over the forecast period. By indication, the neutropenia segment of the Chemotherapy-induced myelosuppression treatment market is expected to hold a significant share over the forecast period.

By route of administration, the injectable segment of the Chemotherapy-induced myelosuppression treatment market is expected to be the most lucrative segment during the forecast period in the Chemotherapy-induced myelosuppression treatment market. By distribution channel, the retail pharmacies segment is expected to be the most lucrative segment in the Chemotherapy-induced myelosuppression treatment market over the forecast period. By region, the North America Chemotherapy-induced myelosuppression treatment market is among the most lucrative segments in the global Chemotherapy-induced myelosuppression treatment market.

The increasing controlled usage of chemotherapy alone or as an adjuvant therapy for cancer treatment due to its high efficacy in killing and slowing the growth of cancerous cells is expected to boost the revenue generation of the Chemotherapy-induced myelosuppression treatment market. The increasing success rate of the chemo-adjuvant therapy is also expected to drive the Chemotherapy-induced myelosuppression treatment market.

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The usage of chemotherapy alone is not as effective as chemo-radiotherapy for cancer patients, and this is one of the reasons why adjuvant therapy is widely popular among oncologists, thus fuelling the growth of Chemotherapy-induced myelosuppression treatment market. As per the American Cancer Society, more than 15.5 million cancer survivors are alive in the U.S. alone in 2016, and more than 75% of them have received chemotherapy as an adjuvant therapy, which is another driving factor driving the Chemotherapy-induced myelosuppression treatment market. The report also profiles some of the key companies operating in the Chemotherapy-induced myelosuppression treatment market, which include Amgen Inc., Novartis AG, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Mylan NV, Janssen Global Services, LLC (Johnson & Johnson), Mission Pharmacal Company,  Partner Therapeutics, Inc., Myelo Therapeutics GmbH and Dova Pharmaceuticals.