Cancer Pain Management Market Size, Share, Growth Forecast (2023-2028)

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July 21, 2023
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Renub Research has recently published a report titled “Cancer Pain Management Market, Size, Global Forecast 2022-2030, Industry Trends, Growth, Share, Outlook, Impact of Inflation, Opportunity Company Analysis” providing a detailed industry analysis that includes market share insights. In addition, the report covers research on competitors and regions and current advancements in the cancer pain management market. The cancer pain management industry shall experience a CAGR of nearly 5.31% from 2022 to 2030.

Cancer pain is a common and severe symptom that causes people misery. More than half of advanced cancer patients have moderate to severe pain, yet sadly, one-third of these people go untreated. This causes not just personal misery for individuals and their families, but also increases healthcare usage. Cancer-related pain has a major and complex influence on the quality of life of cancer patients. Despite the availability of many pain drugs, healthcare practitioners confront difficulties in managing this pain successfully. Tumors can induce discomfort by causing tissue damage and squeezing nerves, bones, and organs. Furthermore, tumors’ production of toxic substances might add to internal discomfort.

According to the National Centre for Health Statistics, there will be 1,958,310 new cancer cases and 609,820 cancer-related deaths in the United States in 2023. Furthermore, the aging population is a driving factor in the growth of the cancer pain management market, since cancer is more frequent in elderly people, who may require sophisticated pain management techniques. The cancer pain business is a diverse industry focused to tackling the complicated issue of cancer pain. In this business, pain management is a multidisciplinary strategy that includes oncology, anaesthesia, and palliative care. The industry is focused on creating novel drugs, medical devices, and therapeutic procedures to relieve pain and improve cancer patients’ quality of life.

Furthermore, the industry invests substantially in R&D to investigate innovative pain treatment strategies such as targeted therapeutics, gene-based interventions, and non-pharmacological approaches. Collaboration between pharmaceutical firms, healthcare providers, and research institutes is critical for moving the field forward and tackling the special issues connected with cancer pain. The cancer pain business is critical to improving health outcomes and providing compassionate care to cancer patients.

The demand for targeted treatments in the cancer pain management market has been continuously growing due to its ability to deliver more precise and effective pain relief.

Targeted treatments employ modern molecular and genetic approaches to discover particular molecular targets that play critical roles in cancer development and pain signaling pathways. These medicines can specifically suppress cancer cell development and reduce pain by targeting these specific molecules, with minimal side effects on healthy cells. The development of tailored therapeutics necessitates a thorough knowledge of the complicated processes driving cancer pain, as well as the identification of appropriate molecular targets. As customized medicine gains pace, targeted medicines are emerging as a viable path in cancer pain management, providing patients with individualized and perhaps more effective treatment alternatives. This developing field has enormous promise to change cancer pain treatment and improve patients’ quality of life.

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Opioids have long been an essential component of cancer pain therapy due to their powerful analgesic qualities and capacity to offer relief for moderate to severe pain.

Despite its usefulness, opioids’ dominance in the cancer pain management market raises worries about potential adverse effects such as respiratory depression, constipation, drowsiness, and dependency and addiction. There is an increasing need to investigate alternate pain management medications and techniques that might lessen dependency on opioids while yet delivering adequate relief. This involves the development of new non-opioid drugs, interventional procedures, and complementary treatments that can be used with or instead of opioids. The goal is to create a balanced approach to cancer pain management that promotes pain relief while limiting opioid dangers and adverse effects.

The breast cancer segment is poised to experience significant growth in the cancer pain management market.

Breast cancer is one of the most prevalent types of cancer affecting women globally, and it often leads to pain as a result of tumor growth, surgery, or other treatment modalities. As awareness and early detection of breast cancer continue to improve, more cases are being diagnosed at an early stage, increasing the need for effective pain management strategies. Advancements in breast cancer treatment options, such as targeted therapies and personalized medicine, are expected to contribute to better pain control and improved patient outcomes. With on-going research and development efforts focused on understanding the specific mechanisms of breast cancer pain and developing innovative therapies, the breast cancer segment is anticipated to witness a high growth rate in the future, addressing the unique pain management needs of patients in this population.

The United States holds a dominant position in the global cancer pain management market, establishing itself as a leader in this field.

The United States has a highly developed healthcare infrastructure, extensive medical research facilities, and huge healthcare spending. This has led to the emergence of large pharmaceutical businesses specialized in pain management drugs and treatments. These characteristics contribute to the country’s dominance in the industry, offering access to a varied variety of treatment choices and the competence to promote innovation in cancer pain management. The United States is also recognized for its strong regulatory structure and high-quality standards, assuring the safety and efficacy of cancer pain management methods. Its hegemonic position allows the United States to influence market trends and determine the future of the global cancer pain treatment business.

Competitive Landscape

The cancer pain treatment sector features some famous individuals who have made important contributions to the area. Companies including Daiichi Sankyo Co Ltd., Hisamitsu Pharmaceutical Co Inc, Orexo AB, Pfizer Inc, Teva Pharmaceutical Industries Limited, Sanofi, Johnson & Johnson, and Eli Lilly are at the forefront of creating novel pain management solutions for cancer patients.

Market Summary:

Treatment – The Report covers the Cancer Pain Management Market by treatment from 7 viewpoints

Immunotherapy
Radiotherapy
Chemotherapy
Hormone Therapy
Targeted Therapies
Inhibitors
Surgery
Others

Drug Type – The Cancer Pain Management Market, by drug type, break up into 3 viewpoints

(Opioids,
Non-Opioids
Nerve Blockers

Disease Indication – By disease indication, the Cancer Pain Management Market is broken up into 6 viewpoints

Lung Cancer
Colorectal Cancer
Breast Cancer
Prostate Cancer
Blood Cancer
Others

Regions – By regions, the Cancer Pain Management Market breaks up into10 viewpoints

United States
United Kingdom
Japan
France
Germany
Italy
Spain
Saudi Arabia
China
Korea

Key Players- All the major players of the Global Folding Furniture Market have been covered from 3 Viewpoints (Overview, Recent Developments, and Sales Analysis)

Daiichi Sankyo Co., Ltd.
Hisamitsu Pharmaceutical Co., Inc.
Orexo AB
Pfizer Inc
Teva Pharmaceutical Industries Limited
Sanofi
Johnson & Johnson
and Eli Lilly

About the Company:

Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets.