The global Pelvic cancer induced hemorrhagic Cystitis Market size is expected to surpass an impressive valuation of USD 2.1 Billion in 2023 and is projected to reach USD 11 Billion by 2033, with a CAGR of 18.01%
Mounting technical breakthroughs allow healthcare organizations to explore innovative services and solutions for managing chronic hemorrhagic Cystitis disorders. Since patients are not required to stay in the hospital for an extended period of time, these breakthroughs decrease costs and patient volume. Furthermore, lowering hospital visits and stays makes this development convenient for older adults. Considering the favorable aspects, many organizations and businesses are developing and implementing the most recent technologies in managing chronic diseases like hemorrhagic cystitis to enhance patient outcomes which will drive market growth.
However, the high costs associated with various devices, strict regulatory policies, poorly developed healthcare infrastructure, and limited adoption of advanced cancer therapies in treating cystitis are restraining the market growth.
Report Attribute | Details |
---|---|
Expected Market Value (2023) | USD 2.1 Billion |
Anticipated Forecast Value (2033) | USD 11 Billion |
Projected Growth Rate (2023 to 2033) | CAGR 18.01% |
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The Pelvic Cancer Induced Hemorrhagic Cystitis Market was worth around USD 1.24 Billion in 2018 while growing at a CAGR of 12.7%. The emergence and popularity of targeted therapy.
The rapid strides made in drug targeting techniques have allowed physicians to inject drugs directly into the bladder containing tumors which are aiding in market expansion. Considering these factors, the market is estimated to grow with a CAGR of 18.01%, reaching a valuation of USD 11 billion by end of the forecast period.
Strategic Initiatives Adopted by Market Players
Bladder disorders are a number of bladder issues that can affect daily physical activities. The most common bladder disorders are cystitis, interstitial cystitis, overactive bladder, urinary incontinence, and bladder cancer. Most bladder issues are caused by a bacterial infection that enters the urinary tract.
Various strategic initiatives by the market players in terms of collaboration, acquisition, partnership, and others, encourages them to increase their company's product portfolio, leading to market expansion and hence improving the product demand among customers, which ultimately provides the market players to earn maximum revenue. Thus, leading to market growth.
Rising Research and Development Investments and Launch of Novel Therapies in Upcoming Years to Augment Growth
Various treatment options and innovative therapies are available for OAB and other bladder disorders. Many biopharmaceutical and pharmaceutical companies are investing in various unconventional therapies for bladder disorders, which are expected to fuel market expansion.
Combination of Different Target Therapies
Combination Therapies are much more effective than monotherapy, without additional adverse effects. Combination Therapies are a safe and effective alternative for individuals with Cystitis bladder conditions. Combining different target therapy strategies is the best approach to relieving patients of Hemorrhagic Cystitis. Oral medication and behavioral therapy should be considered for the patients' refractory treatment. Various advanced target therapies are available such as sacral neuromodulation, intradetrusor injection of a botulinum toxin A, and percutaneous tibial nerve stimulation. These are advanced treatments and more effective as compared to oral agents which are aiding in market growth.
In addition to this, the growing need for advanced healthcare services, backed by growing concern for the prevalence of chronic diseases amongst individuals is also anticipated to drive the growth of the market. Moreover, the numerous opportunities generated by the surge in the price of medical goods and services in the healthcare industry in various nations are also projected to contribute to the growth of the market during the forecast period.
The challenges in diagnosing the disease and the cost of the treatments and diagnostics are high due to the procedure of various checkpoints along with the high-tech technologies and modalities to perform the procedures.
The cost of the procedure generally gets raised because of the high cost of the advanced technological devices used in the treatment, which is anticipated to restrain the market growth.
The US held the dominant share in the pelvic cancer-induced hemorrhagic cystitis market in this region. The market in this region is expected to be valued at USD 900 Million in 2023, and it will reach USD 3.6 Billion by end of the forecast period while growing at a CAGR of 14.87%. Factors such as the presence of a large target population, rising adoption of novel therapeutics, and multiple product launches are anticipated to boost the growth of the market over the forecast period.
With the increasing burden of bladder and pelvic cancer, the burden of Hemorrhagic Cystitis is also expected to increase. This in turn is likely to increase the demand for its treatment thereby propelling the market growth over the forecast period.
Additionally, several strategies adopted by the key market players are also assisting in market growth. For instance, in June 2020, Pfizer received the United States Food and Drug Administration approval for BAVENCIO. It has been approved as a first-line maintenance treatment among patients suffering from advanced/metastatic urothelial carcinoma. Furthermore, in April 2020, UroGen Pharma received the United States Food and Drug Administration approval for mitomycin gel (Jelmyto), which has been designated for the treatment of low-grade upper tract urothelial cancer. Therefore, increasing approvals from the United States Food and Drug Administration and product launches by key players are anticipated to boost market growth.
APAC is anticipated to experience a high growth rate in the hemorrhagic Cystitis treatment drugs market in the next few years due to a rise in Pelvic cancer cases, a growing need for improved bladder cancer treatments and therapies, increasing awareness about cancer diagnosis, an increase in health care expenditure, and developing health care infrastructure in the region. The market in this region will grow at a CAGR of 15.1% and will reach a valuation of USD 3400 million by end of the forecast period.
Growth in pelvic cancer cases, technological advancements, drug innovations regarding the treatment of pelvic cancer, government initiatives, a rise in the aging population, and advanced healthcare services is expected to propel the market for pelvic cancer-induced hemorrhagic cystitis treatment drugs.
China offers strong avenues for market expansion. Factors such as high unmet clinical needs and the presence of a large target population are anticipated to propel the market in this region. Several local players are currently evaluating products as second/third-line treatments in Phase II trials and are well-positioned to be launched in the China market in the upcoming years which will support growth in this region.
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Treatment by Chemotherapy accounts for almost 2/3rd the share in treating hemorrhagic cystitis. Various chemotherapeutic agents, including ifosfamide, cyclophosphamide, busulfan, doxorubicin, dacarbazine, fludarabine, and cabazitaxel, can cause either non-hemorrhagic or hemorrhagic cystitis. The high approval rate of Ifosfamide and cyclophosphamide for use in a variety of malignancies, both in children and adults driving the market for Hemorrhagic Cystitis.
Cyclophosphamide is also used as a component of conditioning regimens prior to hematopoietic cell transplantation and as an immunosuppressant in a variety of rheumatologic (eg, autoimmune disease, vasculitis), nephrology (eg, minimal change nephrotic syndrome), dermatologic (eg, refractory pemphigus), and neurologic (eg, relapsing/remitting multiple sclerosis) conditions.
The radiation therapy for the treatment of Pelvic Cancer induced Hemorrhagic Cystitis Market is expected to account for around 25% segment share by end of the forecast period.
Key players in 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.
Report Attribute | Details |
---|---|
Market Value in 2023 | USD 2.1 Billion |
Market Value in 2033 | USD 11 Billion |
Growth Rate | CAGR of 18.01% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USD Billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
Segments Covered | Treatment, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East & Africa (MEA) |
Key Countries Profiled | The USA, Canada, Brazil, Mexico, Germany, The UK, France, Spain, Russia, Italy, India, China, Japan, South Korea, Saudi Arabia, Australia, UAE, South Africa, Israel |
Key Companies Profiled | Johnson & Johnson Services, Inc.; Astellas Pharma Inc.; Eli Lily and Company; Sanofi; Ipsen Pharma; Bayer AG; AstraZeneca; Valeant Pharmaceuticals International, Inc.; Merck & Co., Inc.; Pfizer Inc. |
Customization | Available Upon Request |
FMI projects the global Pelvic cancer-induced hemorrhagic cystitis market to expand at an 18.01% value CAGR by 2033.
The global Pelvic cancer-induced hemorrhagic cystitis market is expected to garner a market value of USD 11 Billion by 2033.
FMI has projected North America to be one of the most profitable regions for the pelvic cancer-induced hemorrhagic cystitis market.
APAC region is expected to grow fastest during the forecast period.
1. Executive Summary | Pelvic Cancer Induced Hemorrhagic Cystitis Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Treatment 5.1. Bone Marrow Transplant 5.2. Chemotherapy 5.2.1. Cyclophosphamide 5.2.2. Ifosfamide 5.3. Radiation Therapy 5.4. Other Treatments 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 6.1. North America 6.2. Latin America 6.3. Europe 6.4. Asia Pacific 6.5. Middle East and Africa 7. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Key Countries Market Analysis 13. Market Structure Analysis 14. Competition Analysis 14.1. Johnson & Johnson Services, Inc. 14.2. Astellas Pharma Inc. 14.3. Eli Lilly and Company 14.4. Sanofi 14.5. Ipsen Pharma 14.6. Bayer AG 14.7. AstraZeneca 14.8. Valeant Pharmaceuticals International, Inc. 14.9. Merck & Co., Inc. 14.10. Pfizer Inc. 15. Assumptions & Acronyms Used 16. Research Methodology
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