Global Cancer Cachexia Market, By Therapeutics (Progestogens, Corticosteroids, Combination Therapies, Others), Mechanism of action (Appetite Stimulators, Weight Loss Stabilizers, Others), Distribution Channel (Hospital Stores, Retail Pharmacy Stores, Online Pharmacy)
Market Analysis: Global Cancer Cachexia Market
The Global Cancer Cachexia Market is expected to rise from its initial estimated value of USD 1.81 billion in 2018 to an estimated value of USD 2.72 billion by 2026 registering a CAGR of 5.2% in the forecast period of 2019-2026. This rise in the market can be attributed to the rising geriatric population over the world and prevalence of demand of arthroscopy in these populations.
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Market Definition: Global Cancer Cachexia Market
Cancer cachexia is a syndrome characterized due to anorexia, weight loss, anemia and asthenia. The pathogenicity of cancer cachexia is multifactorial because of its complex interaction between host and tumor. The patients suffer from cancer cachexia due to the excess starvation for weight loss and other symptoms such as excess expenditure of energy by the body, anorexia and anemia.
Market Drivers: Global Cancer Cachexia Market
- Increasing prevalence of cachexia amongst population leading the growth of the market
- Rising pipeline products for cachexia cancer expect to fuel the growth of the market
- Stringent regulatory requirements and long procedure for FDA approval acts as the major restraining factor for the growth of the market.
- Lack of awareness regarding the cachexia cancer cans restraint the market.
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Segmentation: Global Cancer Cachexia Market
- By Therapeutics
- Combination Therapies
- By Mechanism of action
- Appetite Stimulators
- Weight Loss Stabilizers
- By Distribution Channel
- Hospital Stores
- Retail Pharmacy Stores
- Online Pharmacy
Key Developments in the Market:
In November 2018, National Institutes of Health (NIH) grant to National Cancer Institute (NCI) to research for APX3330 for the treatment of cancer cachexia.
Competitive Analysis: Global Cancer Cachexia Market
The global cancer cachexia market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of cancer cachexia market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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