Cancer cachexia is a wasting syndrome characterized by weight loss, anorexia, asthenia and anemia. Recently, due to the increasing prevalence of cancer and cancer cachexia, the demand for therapy drugs have increased globally. There is a rising demand in the market that has lead to increased research and development in discovery of therapeutic drugs. As a result, strong product pipeline has been built for the therapy products. Therefore all these factors have been primary reason for the growth of the market.
Moreover, increased awareness has regarding the illness and drugs has also helped the market growth. However, manufacturers of cancer cachexia drugs are discouraged from investing in the market because of the strict regulatory requirements and the long FDA approval procedure, which may impede the long-term growth of this market.
Key Market Trends
Combination Therapy is Expected to Dominate the Cancer Cachexia Market
Since cancer cachexia is defined as a multifactorial syndrome, an effective therapeutic approach is a comprehensive multi-faceted treatment that targets different pathophysiological mechanisms simultaneously. Past efforts to treat cachexia with nutritional or medical interventions may have disappointed because they were directed at a single domain of the syndrome, such as anorexia or muscle wasting, usually with a single therapeutic agent.
Preliminary trials combining pharmacological and non-pharmacological therapy have been shown to be feasible and also to improve selected clinical outcomes. The choice of specific pharmacological agents has varied based on mechanistic considerations or on prior promising single intervention or multimodal trials. As treatment provides a multi-faceted treatment for a complex illness, the development and research in the therapy is high. Therefore all these factors helps the market growth in the future.
North America is Expected to Dominate the Cancer Cachexia Market
The North American is expected to dominate the market due to the presence of large number of drug manufacturers and advancing paradigm of care for cancer patients that is supporting the growth in this region. Advancements in novel technology for the treatment of cancer cachexia and strong product pipeline for wasting syndrome has also helped in the growth of the cancer cachexia market in the region. Asia-Pacific is also estimated to grow at a higher CAGR due to the high prevalence and incidence of the cancer will lead to the expansion of the cancer cachexia market in this region.
Majority of the cancer cachexia therapy drugs are being manufactured by the few key players. Product launches, acquisitions and R&D activities are key strategies adopted by players in the cancer cachexia market. Market leaders with more funds for research and better distribution system have established their position in the market. Moreover, Asia-pacific is witnessing an emergence of some small players due to the rise of awareness. This has also helped the market grow.
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