A concerning side effect of pelvic cancer treatment is getting a potential solution, and the market is taking notice. According to Future Market Insights (FMI), the global market for treatments addressing Pelvic Cancer-Induced Hemorrhagic Cystitis Market is estimated to reach a staggering USD 11 billion by 2033. This marks a significant leap from the current market valuation of USD 2.1 billion in 2023, reflecting an impressive Compound Annual Growth Rate (CAGR) of 18.01%.
Rising awareness among the population regarding early treatment and diagnosis for related disorders, coupled with the steady shift towards unhealthy diets and sedentary lifestyles, is driving the market demand. Advancements in drug development have enabled physicians to administer drugs directly to the infected tissues without harming surrounding healthy tissues, which has contributed to increasing patient compliance, which in turn is expected to boost industry growth.
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The high research and development cost associated with the manufacturing of 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. 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.
Pelvic Cancer Induced Hemorrhagic Cystitis Market 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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Pelvic Cancer Induced Hemorrhagic Cystitis Market Competitive Landscape
Key players in the Pelvic cancer 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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Key Segments Profiled in the Pelvic Cancer-Induced Hemorrhagic Cystitis Market Survey
By Treatment:
- Bone Marrow Transplant
- Chemotherapy
- Cyclophosphamide
- Ifosfamide
- Radiation Therapy
- Other Treatments
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