"Designing Growth Strategies is in our DNA"

Cancer Cachexia Market Size, Share & Covid-19 Impact Analysis, By Product (Progestogens, Corticosteroids, Combination Therapies, and Others), By Distributional Channel (Hospital Pharmacy, Retail Pharmacy, and Online Pharmacy), and Regional Forecast, 2020-2027

Region : Global | Format: PDF | Report ID: FBI103262

 

KEY MARKET INSIGHTS

Play Audio Listen to Audio Version

The global cancer cachexia market size was USD 2.02 billion in 2019 and is projected to reach USD 2.93 billion by 2027, exhibiting a CAGR of 4.8% during the forecast period.

COVID-19 Cover

This report covers COVID-19 impact analysis on Cancer Cachexia Market

Inquire before buying

According to the data published by National Center for Biotechnology Information (NCBI), the prevalence of cachexia is estimated to be 80.0% among the advanced stage cancer patients. Cachexia is responsible for around 20.0% deaths among cancer patients globally. It is a wasting syndrome characterized by weight loss, anorexia, asthenia and anemia among patients. It is usually associated with chronic diseases such as cancer, chronic renal failure, chronic obstructive pulmonary disease (COPD), HIV, and others. Cancer-induced cachexia is associated with the presence of tumors. According to the Cancer Cachexia Hub, this condition affects an estimated 1.3 million cancer patients in the U.S. alone each year. It is the most common manifestation of the advanced malignant disease, leading to higher mortality among patients. This disorder adversely affects the patient’s ability to fight against infections and withstand treatment by chemotherapy and radiotherapy.


Impact of COVID-19 Pandemic: Decline in Diagnosis Rate of Cancer Patients


The outbreak of COVID-19 has rapidly escalated into a global pandemic. Patients with chronic diseases such as cancer are at high risk of infection by COVID-19, since these patients tend to have multiple comorbidities such as cachexia and are often immunosuppressed by the condition of their disease and on-going treatment. For instance, according to a retrospective analysis of 355 patients who died of COVID-19 in Italy, 20.0% of those patients were suffering from cancer. Thus, several medical associations have issued guidelines for both, cancer patients and healthcare workers. They have suggested the use of Telehealth as a medium to provide treatment and supportive care to cancer patients.


However, a decline in the diagnosis rate of cancer patients has been reported during this outbreak of COVID-19. According to a survey conducted in the U.S., tumor marker tests for cancer reported an estimated 22.0% decline in March and April 2020. A similar decline was observed in various clinical settings in different countries for oncology in-vitro tests. Although the impact on diagnosis of new cancer patients is short-term, the COVID-19 pandemic is projected to slightly disrupt the growth of the market in 2020.


LATEST TRENDS


Request a Free sample to learn more about this report.


Growing Shift towards Combinational Therapies is a Prominent Trend


In many cases, the traditional methods employed to treat the patients with single drug intervention have resulted in limited clinical outcomes. Also, due to the lack of approved drugs for the condition, it is observed that the healthcare professionals are turning towards combination therapies for treatment that includes both pharmacological and non-pharmacological therapies. Clinical trials have shown marked improvement in lean body mass (LBM) of patients being treated with combination therapies. Thus, such results, along with the growing popularity among healthcare providers, are boosting the adoption of combination therapies among the patient population and fueling the demand for cancer cachexia therapeutics in the global market.


DRIVING FACTORS


Rising Prevalence of Cachexia to Fuel Demand for Treatment


Globally, the increasing prevalence of cancer, coupled with an increase in the incidence of cachexia is presenting a large pool of patients seeking effective treatment for the condition. 



  • For instance, according to the estimations of the World Health Organization (WHO), in 2018, approximately 18.1 million new cancer cases were reported worldwide.

  • Also, according to the data published by the Society on Sarcopenia, Cachexia and Wasting Disorders (SCWD), in 2018, it was estimated that around 0.5-1.0% of the total population in the developed countries were suffering from cachexia including cancer-induced cachexia.


Thus, the increasing prevalence of cachexia among cancer patients globally is surging the demand for its effective therapeutic treatment and subsequently driving the cancer cachexia market growth.


Presence of Potential Drugs in Pipeline is projected to Propel Growth


The current treatment options of cachexia among the cancer patients are limited to drugs namely, progestogens, corticosteroids, and others. These drugs have proved their efficiency in the treatment of cancer induced cachexia, although there is a clinical gap in the treatment outcomes. At present, there is no drug candidate being specifically approved for the treatment of this condition. This augments the gap in treatment options, which the market players are aiming to fulfill through R&D and the introduction of new drugs in the global market.



  • For instance, PF-06946860, which is being sponsored by Pfizer Inc., is currently in the Phase 1 of clinical trials. The purpose of this trial is to study the efficacy of PF-06946860 in the treatment of non-small cell lung cancer (NSCLC) patients with cachexia.


The success of the clinical trials of new candidates, regulatory approvals, and introductions of these drugs are anticipated to further boost the demand and adoption among the healthcare providers of cancer cachexia therapeutics.


RESTRAINING FACTORS


High Cost Associated with Treatment and Stringent Government Policies to Restrict Growth


Despite the rising prevalence of cancer cachexia globally, certain factors are limiting the growth of the overall market. Among them is the high cost associated with cancer and its supportive treatment, as well as limited reimbursement for the therapeutics in the emerging countries. It is estimated that the cost associated with the treatment of cancer patients suffering from cachexia is comparatively higher than the non-cachexia cancer patients. Also, stringent government regulations regarding the clinical trial of new candidates has been one of the major barriers to the development and approval of effective treatment for this disorder. Thus, the higher out-of-pocket expenditure associated with cancer-induced cachexia and the lack of approved products for treatment are expected to contribute to the slow growth of this market during the forecast period.


SEGMENTATION


By Product Analysis


To know how our report can help streamline your business, Speak to Analyst


Combination Therapies Segment to Grow Rapidly Backed by Popularity of Multimodal Treatment


In terms of product, the market is segmented into progestogens, corticosteroids, combination therapies, and others. The progestogens segment held a dominant share of the market in 2019. The dominance is due to a comparatively lower cost of progestogens, along with high efficiency in the treatment of cancer cachexia. The combination therapies segment is projected to register a higher CAGR by 2027 owing to the increasing popularity of multimodal treatment among the patients living with the disease.


Similarly, the corticosteroids and other market segments are expected to exhibit comparatively moderate CAGRs during the forecast period.


By Distributional Channel Analysis


Hospital Pharmacy Segment Held Dominant Share in 2019 Owing to Higher Cases of Hospitalization


Among distribution channel, the market is segmented into hospital pharmacy, retail pharmacy, and online pharmacy. The hospital pharmacy segment is expected to generate a dominant Cancer Cachexia Market share during the forecast period. The dominance is due to an increase in the hospitalization of patients suffering from cancer and other related disorders such as cachexia.


Besides, the retail pharmacy and online pharmacy segments are expected to register significant growth by the end of the forecast period owing to the rising shift of patients towards homecare treatment.


REGIONAL INSIGHTS


North America Cancer Cachexia Market Size, 2016-2027 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample


The market size in North America stood at USD 0.80 billion in 2019. The dominance of this region is attributable to the higher prevalence of cancer cachexia and increasing awareness regarding cancer supportive care. Also, greater affordability among the patients along with the presence of adequate reimbursement policies in the U.S. and Canada are responsible for the dominance of this region. The market in Europe is expected to grow by showcasing a significant CAGR owing to the rising awareness regarding cancer-induced cachexia, combined with the increasing demand for therapeutics for treatment.



  • According to Globocan, an estimated 4.2 million new cancer cases were registered in Europe in 2018. Out of these, there were around 470,039 cases of lung cancer and 499,667 cases of colorectal cancer in the region.


There is a comparatively higher prevalence of cachexia among lung, colorectal, and head & neck cancer patients. The rising incidence is leading to a higher number of patients requiring treatment, further causing a surge in the demand for cancer cachexia therapeutics in the region. The market in Asia Pacific is expected to exhibit higher CAGR owing to the increasing patient population suffering from this disease. In addition to this, the market players in this region are making heavy investments to strengthen their supply chain and introduce new drugs. Latin America & the Middle East & Africa accounted for a comparatively lower share of the market owing to the lack of awareness among the general population regarding supportive care and the presence of inadequate reimbursement policies to cover the cost of the treatment.


KEY INDUSTRY PLAYERS


Market Players are Increasing Investment in R&D to Introduce New Drugs


The current market is underpenetrated owing to a few players operating in this market and the lack of approved therapeutics, specifically for the treatment of cancer cachexia. This presents a huge growth opportunity for the other players to occupy dominant share of the market by introducing new products. For instance, OHR/AVR118 which is being studied by Ohr Pharmaceutical Inc. is currently in Phase 2 clinical trials for open label study in advanced cancer patients with cachexia.


Key players operating in this market are Bristol-Myers Squibb, ANI Pharmaceuticals, Inc., Merck & Co., Inc., Hikma Pharmaceuticals PLC, Mylan N.V., AbbVie, Inc., Pfizer Inc., and Teva Pharmaceutical Industries Ltd.


LIST OF KEY COMPANIES PROFILED:



  • Bristol-Myers Squibb Company, New York, U.S.

  • ANI Pharmaceuticals, Inc., Baudette, U.S.

  • Merck & Co., Inc., Kenilworth, U.S.

  • Hikma Pharmaceuticals PLC, London, U.K.

  • Mylan N.V., Pennsylvania, U.S.

  • AbbVie, Inc., North Chicago, U.S.

  • Pfizer Inc., New York, U.S.

  • Teva Pharmaceutical Industries Ltd., Petach-Tikva, Israel

  • Other Players


KEY INDUSTRY DEVELOPMENTS:



  • July 2019 - Pfizer Inc. entered into a definitive agreement with Mylan N.V. in order to create a new global pharmaceutical company, Viatris. This merger helped the company to expand its global reach, strengthen its market position, and fulfill the growing need for accessible medicines around the globe.

  • March 2019 – Helsinn Healthcare S.A. announced that the first patient received the dose of anamorelin in Phase 3 program to evaluate its effect in the treatment of weight loss and anorexia in advanced non-small cell lung cancer (NSCLC) patients with cachexia.


REPORT COVERAGE


The cancer cachexia market research report provides a detailed market overview and focuses on key aspects such as leading companies, product types, and leading applications of the product. Besides this, the report offers insights into the market trends, competitive landscape, and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market over the recent years by using different research methodologies.


To gain extensive insights into the market, Request for Customization


Report Scope & Segmentation








































 ATTRIBUTE



  DETAILS



Study Period



  2016-2027



Base Year



  2019



Forecast Period



  2020-2027



Historical Period



  2016-2018



Unit



  Value (USD billion)



Segmentation



By Product



  • Progestogens

  • Corticosteroids

  • Combination Therapies

  • Others  



By Distributional Channel



  • Hospital Pharmacy

  • Retail Pharmacy

  • Online Pharmacy



By Geography



  • North America (U.S. and Canada)

  • Europe (U.K., Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

  • Asia-Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia- Pacific)

  • Rest of World



 


Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 2.02 billion in 2019 and is projected to reach USD 2.93 billion by 2027.

In 2019, the value of the market in North America stood at USD 0.80 billion.

Growing at a CAGR of 4.8%, the market will exhibit steady growth in the forecast period (2020-2027).

The progestogens segment is expected to be the leading segment in this market during the forecast period.

Increasing prevalence of the disease and the presence of potential pipeline candidates are the major factors driving the growth of the market.

Bristol-Myers Squibb Company, Mylan N.V., and Teva Pharmaceutical Industries Ltd., are the major players in the global market.

North America dominated the market in terms of share in 2019.

Cancer Cachexia Market Size, Share and Global Industry Trend Forecast till 2026
  • Jul, 2020
  • 2019
  • 2016-2018
  • 120

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X