The Global Pelvic Cancer-Induced Hemorrhagic Cystitis Treatment Industry is on a trajectory for remarkable growth, fueled by rising awareness and advancements in healthcare. According to a new study by Future Market Insights (FMI), the market is expected to reach a staggering US$11 billion by 2033, reflecting a robust Compound Annual Growth Rate (CAGR) of 18.01%. This significant increase represents a projected market value of US$2.1 billion in 2023.
The high research and development cost associated with manufacturing hemorrhagic cystitis treatment drugs, coupled with increased penetration of generic drugs, is likely to restrain market growth. However, technological advancements in drug development to manufacture cost-effective and side-effect-free drugs are anticipated to create opportunities for industry movements.
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Moreover, the use of High approval rate of Ifosfamide and cyclophosphamide for use in a variety of malignancies, both in children and adults are driving the market for Haemorrhagic Cystitis. North America dominates the market for Pelvic Cancer induced Hemorrhagic Cystitis with a market valuation of US$ 3.6 Billion, followed by APAC.
Global Pelvic Cancer Induced Hemorrhagic Cystitis Treatment Industry Key Takeaways
- The North American Pelvic cancer-induced hemorrhagic cystitis market is expected to reach US$ 3.6 Billion with a CAGR of 14.87% during the forecast period.
- With a CAGR of 15.1%, APAC is projected to be the fastest-growing market for this hemorrhagic cystitis.
- By treatment type, chemotherapy is expected to dominate the market with a 2/3rd segment share.
- Radiation therapy is anticipated to be a secondary treatment for hemorrhagic cystitis after Chemotherapy.
- The high cost of treatments and side effects in the post-treatment period will restrict the market growth.
- The adoption of combination therapies and novel therapies is expected to proliferate product demand.
- Technological advancements in drug development for the treatment of pelvic-induced hemorrhagic cystitis are anticipated to strengthen the market footprint.
“High investments in R&D, advancements in manufacturing drugs, adoption of cost-effective& side-effect-free drugs will open up new avenues for market expansion”- says an FMI Analyst
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Global Pelvic Cancer Induced Hemorrhagic Cystitis Treatment Industry Competitive Landscape
Key players in the Pelvic-induced hemorrhagic Cystitis Market are Johnson & Johnson Services, Inc., Astellas Pharma Inc., Eli Lilly and Company, Sanofi, Ipsen Pharma, Bayer AG, AstraZeneca, Valeant Pharmaceuticals International, Inc., Merck & Co., Inc., Pfizer Inc.
- In April 2022, Pfizer made an equity investment worth USD 25 million in Zentalis Pharmaceuticals, Inc. This investment is expected to help Pfizer to leverage its development capabilities globally
- In May 2022, Pfizer entered a research collaboration agreement of two years with NetVation DL Medicine. This collaboration is anticipated to aid and advance Pfizer in its research activities
- In June 2022, Roche introduced a human papillomavirus (HPV) self-sampling solution that enables patients to perform HPV screening in the presence of a healthcare worker. This is expected to expand the company’s cancer screening solution line-up
- In June 2022, Valencia Technologies Corporation announced the implantable neuromodulation technology product eCoin®, which is reshaping the delivery of long-term therapy for bladder control, is a tibial implant for Urge Urinary Incontinence (UUI). eCoin® received premarket approval (PMA) from the U.S. Food and Drug Administration (FDA) in March 2022, making it the first and only FDA-approved implantable tibial neurostimulator indicated for the treatment of urge urinary incontinence (UUI). This new product has helped the company to increase its portfolio.
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Future Market Insights, in its new offering, presents an unbiased analysis of the Bullous Keratopathy market, presenting historical analysis from 2017 to 2022 and forecast statistics for the period of 2023-2033.
The study reveals essential insights based on treatment (Bone marrow transplant, Chemotherapy- Cyclophosphamide, Ifosfamide, Radiation therapy, Other treatments) and by Region (North America, Latin America, Europe, Asia Pacific, MEA)
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Key Segments Profiled in the Global Pelvic Cancer-Induced Hemorrhagic Cystitis Treatment Industry Survey
By Treatment:
- Bone Marrow Transplant
- Chemotherapy
- Cyclophosphamide
- Ifosfamide
- Radiation Therapy
- Other Treatments
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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