The global pelvic cancer induced hemorrhagic cystitis market is expected to experience significant growth in the coming decade, reaching a staggering US$11 billion by 2033. This represents a compound annual growth rate (CAGR) of 18.01% from a valuation of US$2.1 billion in 2023, according to a recent market analysis.
Hemorrhagic cystitis is a debilitating condition that causes inflammation and bleeding in the bladder. It can be a side effect of various treatments for pelvic cancer, including radiation therapy and chemotherapy. The increasing prevalence of pelvic cancer, coupled with growing awareness of hemorrhagic cystitis, is a major driver of market growth.
The market demand is being driven by a growing population awareness of early diagnosis and treatment for associated ailments, as well as a constant shift towards unhealthy diets and sedentary lifestyles. Drug research advancements have made it possible for doctors to inject medications directly into sick tissues without endangering nearby healthy tissues. This has increased patient compliance, which is predicted to fuel market expansion.
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The high research and development cost associated with the manufacturing of hemorrahagic cystitis treatment drugs, coupled with increased penetration of generic drugs, is likely to restrain market growth. However, technological advancements in drug development to manufacturing cost-effective and side-effect-free drugs are anticipated to create opportunities for industry movements. Moreover, the use of High approval rate of Ifosfamide and cyclophosphamide for use in a variety of malignancies, both in children and adults are driving the market for Haemorrhagic Cystitis. North America dominates the market for Pelvic Cancer induced Hemorrhagic Cystitis with market valuation of US$ 3.6 Billion, followed by APAC.
Key Takeaways
- North American Pelvic cancer induced hemorrhegic cystitis market is expected to reach US$ 3.6 Billion with a CAGR of 14.87% during the forecast period.
- With a CAGR of 15.1%, APAC is projected to be fastest growing market for this haemorrhagic cystitis.
- By treatment type, chemotherapy is expected to dominate the market with a 2/3rd segment share.
- Radiation therapy is anticipated to be a secondary treatment for hemorrhegic cystitis after Chemotherapy.
- High cost of treatments and side-effects in post-treatment period will restrict market growth.
- Adoption of combination therapies and novel therapies are expected to proliferate product demand.
- Technological advancements in drug development for treatment of pelvic induced hemorrhagic cystitis is anticipated to strengthen market footprint.
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Competitive Landscape
Key players in the 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.
- In April 2022, Pfizer made an equity investment worth USD 25 million in Zentalis Pharmaceuticals, Inc. This investment is expected to help Pfizer to leverage its development capabilities globally
- In May 2022, Pfizer entered a research collaboration agreement of two years with NetVation DL Medicine. This collaboration is anticipated to aid and advance Pfizer in its research activities
- In June 2022, Roche introduced a human papillomavirus (HPV) self-sampling solution that enables patients to perform HPV screening in the presence of a healthcare worker. This is expected to expand the company’s cancer screening solution line-up
- In June 2022, Valencia Technologies Corporation announced the implantable neuromodulation technology product eCoin®, which is reshaping the delivery of long-term therapy for bladder control, is a tibial implant for Urge Urinary Incontinence (UUI). eCoin® received premarket approval (PMA) from the U.S. Food and Drug Administration (FDA) in March 2022, making it the first and only FDA-approved implantable tibial neurostimulator indicated for the treatment of urge urinary incontinence (UUI). This new product has helped the company to increase its portfolio.
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Key Segments Profiled in the Pelvic Cancer Induced Hemorrhagic Cystitis Market Industry Survey
By Treatment:
- Bone Marrow Transplant
- Chemotherapy
- Cyclophosphamide
- Ifosfamide
- Radiation Therapy
- Other Treatments
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa (MEA)
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