Global Oral Chemotherapy Market
Global Oral Chemotherapy Market size was valued at US$ XX Mn in 2019 and the total revenue is expected to grow at 8.0% through 2020 to 2026, reaching nearly US$ XX Mn.
The global Oral Chemotherapy market report is a comprehensive analysis of the industry, market, and key players. The report has covered the market by demand and supply-side by segments. The global Oral Chemotherapy report also provides trends by market segments, technology, and investment with a competitive landscape.
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Global Oral Chemotherapy Market Overview:
Oral chemotherapy is a cancer-fighting drug given by oral route of administration in the form of a tablet, capsule, or liquid. Oral chemotherapy is recommended by the doctor, the physician’s assistant has the same welfares and hazards as chemotherapy given by the Intravenous route of administration. Many cancer patients are receiving oral chemotherapy as a mode of treatment to avoid a less preferred intravenous route of administration by patients. Oral Chemotherapy account for 10% of total chemotherapy treatment nationwide and are typically placed in the most expensive price tier in insurance and medical care part D drug plans,
Global Oral Chemotherapy Market Dynamics:
Drivers, Development, and validation of oral chemotherapy drugs by FDA and regulatory agencies globally are driving the market with minimal side-effects and more convenient into this pandemic situation is driving the market at a high pace.
Restrain, Increased Use of Oral Chemotherapy Drugs shoots amplified attention to patient compliance. Providing follow-up treatment to cancer patients after the surgery is an ongoing concern for the oncologist who loses control of medication administration when the patient moves from hospital to home. The complexity of cancer drug treatments challenges patients, who do not always understand missed doses, misunderstood package directions that lead to overdosing, and can lead to severe problems. Hence, Medication obedience with the physician’s supervision is crucial in oncology to delay disease-free survival and progression-free survival.
Opportunities, the increase in oral chemotherapy for the treatment of cancer offers many patients more convenient and less invasive treatment options compared to intravenous (IV) therapy administered in clinical settings acts as an opportunity to the market. This revolution in cancer treatment requires a new model for patient education, monitoring, and support – a model that depends on integration and collaboration among doctors, physicians, pharmacists, and other health care providers involved in patient care.
Oral chemotherapy provides several advantages over the parenteral route of medication. Among the biggest advantages are patient convenience and flexibility in time location of administration acts as an opportunity for the key players to grow the market.
Challenge
Oral chemotherapy medication is a challenge for many patients and caregivers for many reasons, including side effects like fatigue, nausea, loss of appetite, diarrhea, weight loss, and easily prone to various diseases, finances, and lack of education and resources acts as a challenge for the key players in the market.
Impact of COVID-19
The fact that patients with cancer are more susceptible to COVID-19 infection and its post complications have resulted in new challenges in managing cancer care delivery systems. Discontinuation of cancer treatment particularly in patients with advanced cancer due to lockdowns and conversion of cancer hospital to COVID-hospital in this high pandemic situation has crucially impacted the patient health. Although restrictions were trimmed in a phased manner from June 2020, and hospitals such as Tata Memorial offered a gleam of hope by operating 495 major cases in 5 weeks, 7 there is still a huge backlog of patients with cancer who need urgent care.
Global Oral Chemotherapy Market Segment Analysis:
By Drug Class, Non-steroidal aromatase inhibitor and protein kinase inhibitors collectively expected to gain mainstream revenue share of the oral chemotherapy market by drug class. Aromatase inhibitors work by blocking the enzyme aromatase, which turns the hormone androgen into small amounts of estrogen in the body. This means that less estrogen is available to stimulate the growth of hormone-receptor-positive breast cancer cells.
By Form, the segment is categorized into tablets, capsules, liquid. In terms of form, the tablet is the leading segment with a 25.4% market share in 2019 in the pharmaceutical industries, followed by capsule being second dominating for oral chemotherapy market.
By Distribution channel, hospital pharmacies are the dominating segment in terms of revenue USD 9.48 billion with a market share of 28.56. The factor responsible is the huge involvement of patient convenience as it is a one-stop solution for arranging consultation and medications. While retail pharmacies are second dominating and are expected to grow significantly.
Global Oral Chemotherapy Market Regional Insights:
North America is probable to be the most dominant region for the oral chemotherapy market due to the handiness of favorable repayment scenario in the U.S. and Canada for cancer treatment by oral chemotherapy. After North America, the oral chemotherapy market is then followed by Europe owing to the rising adoption of oral chemotherapy drugs by doctors in this region.
Asia-Pacific is likely to show noteworthy growth for the oral chemotherapy market due to the rising frequency of cancer in India and China. Latin America and the Middle East and the Africa region are probable to show delayed growth for the oral chemotherapy market owing to a lack of mindfulness among the people in this region.
The objective of the report is to present a comprehensive analysis of the global Oral Chemotherapy market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding the global Oral Chemotherapy market dynamics, structure by analyzing the market segments and project the global Oral Chemotherapy market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Oral Chemotherapy market make the report investor’s guide.
Global Oral Chemotherapy Market Scope: Inquire before buying
Global Oral Chemotherapy Market, by Region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Global Oral Chemotherapy Market Key Players
• Amgen Inc
• Pfizer
• Sanofi S.A.,
• Novartis AG
• Johnson and Johnson,
• Merck and CO. F. Hoffman-La Roche AG
• Celegene Corporation
• Bristol-Myers Squibb
• Eli Lily and Company
• Exelixis
• Clovis Oncology, Inc.
• Jazz Pharmaceuticals, Inc.
• Puma Biotechnology
• AbbVie Inc.
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