The needle free, painless, and cost-effective transdermal delivery system is expected to witness increase in demand in global CINV market.
Portland, OR -- (SBWIRE) -- 02/27/2018 -- The Global Chemotherapy-Induced Nausea And Vomiting (CINV) Market was valued at $1,663 million in 2015, and is estimated to reach $2,659 million by 2022, registering a CAGR of 7.1% during the forecast period 2016-2022.
Increase in adoption of chemotherapeutic drugs is directly linked to the growth of the CINV drugs market. It is estimated that in 2016, approximately 1.6 million new cases of cancer will be diagnosed with breast, lung, and bronchus cancer. It is observed that approximately 35% of patients experienced nausea within 24 hours of chemotherapy, while 54% suffered from nausea and 34% experienced vomiting after 24 hours.
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Growth in number of patients undergoing chemotherapy drugs treatment and introduction of new drug delivery methods to improve patient compliance are the major factors that significantly impact the growth of the CINV market. At present, pharmaceutical companies are increasingly investing in the R&D of CINV drugs to offer better chemotherapy drugs and increase their market share.
Presently, patient pool segment witnesses a high rate of CINV drugs adoption due to increasing number of patients with side effects associated with chemotherapeutic drug use. Further, the development and launch of novel drug delivery methods for CINV drugs is expected to boost patient compliance rates and the demand for CINV drugs. In addition, improvement in the control of CINV has occurred with the use of aprepitant, the first agent available in the drug class of neurokinin-1 (NK-1). One of the potential factors that explain this suboptimal response is variability in genes encoding enzymes and proteins, which play a role in metabolism, transport, and receptors related to antiemetic drugs.
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Based on geography, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is the fastest growing market at a CAGR of 9.8% owing to the increase in the cancer population and use of chemotherapeutic drugs. Aloxi and Zofran are the key CINV drugs with the largest share and boosting the growth of CINV market in Asia-Pacific during the forecast period 2016-2022. Other driving factors of CINV market in Asia-Pacific are increase in the healthcare spending and health infrastructure.
The key players in the global chemotherapy-induced nausea and vomiting (CINV) drugs are GlaxoSmithKline plc, Helsinn Holding S.A., Heron Therapeutics, Inc., Merck & Co., Inc., and Tesaro, Inc
CHEMOTHERAPY-INDUCED NAUSEA AND VOMITING (CINV) KEY MARKET SEGMENTS
The global CINV market is segmented based on product type and geography.
By Patient Pool Type
Aloxi, Kytril
Emend
Netupitant-Palonosetron
Others
By Geography
North America
U.S.
Canada
Mexico
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