Future of Executive Summary Cancer Pain Management Market: Key Dynamics, Size & Share Analysis

The Global Cancer Pain Management Market is estimated to grow at a CAGR of around 5.60% during the forecast period, i.e., 2024-30. In recent years, the lifestyle of individuals has drastically changed, as individuals nowadays follow hectic & unhealthy lifestyles, along with this there is a rising percentage of the elderly population which is further amplifying the occurrence of chronic diseases, such as cancer. Also, due to several other health concerns, including overweight and obesity, individuals are getting several common cancers, including breast, colorectal, esophageal, kidney, gallbladder, uterine, pancreatic, and liver cancer. As a result, the demand for cancer pain management drugs has increased, further enhancing the Cancer Pain Management Market size.

Top Market Challenges Impacting the Cancer Pain Management Market Growth

Adverse Side Effects of Opioid Medication Hampers the Market Growth – The patients suffering from cancer generally undergo treatment & take opioid medications. This medication helps in relieving cancer pain. However, the continuous usage of these drugs has negative impacts on the vital organs, which results in kidney or Organ failure. Therefore, cancer patients restrain themselves from opting for the high dosage of these drugs, resulting in lower sales of opioid cancer-related drugs. In addition, the continuous usage of these drugs results in addiction & depression, which is concerning for the patients. According to the study conducted by the American Medical Association (AMA), in 2022, around 3%-19% of total cancer patients develop an addiction to opioid medications. Therefore, health practitioners, restrain themselves from using these drugs and usually prefer alternative medicine to cope with cancer pain. This is resulting in a slowdown in the demand for opioid medication, hampering the Global Cancer Management market.

Understanding the Core Segments in the Cancer Pain Management Market

Cancer Pain Management Market Size, Share & Industry Trends Analysis-By Drug Class (Opioids, (Morphine Oxycodone, Fentanyl, Others (Methadone, Tapentadol, etc.)), Non-Opioids, (Acetaminophen, Nonsteroidal Anti-Inflammatory Drugs (NSAIDs)), (Ibuprofen, Naproxen, Others (Diclofenac, Ketorolac, etc.)), Antidepressants, Others (Steroids, Anti-convulsants, etc.)), By Route of Administration (Oral, Injectable, Transdermal, Others (Intranasal, Intrathecal, etc.)), By Cancer Type (Lung Cancer, Breast Cancer, Stomach, Colorectal, Others (Blood Cancer, Prostate Cancer, etc.))), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies).

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Geographical Analysis of the Cancer Pain Management Market

• North America
• South America
• Europe
• The Middle East & Rest of Africa
• Asia-Pacific

Geographically, North America accounts for the largest market share in the Global Cancer Pain Management Market.

Who Dominates the Cancer Pain Management Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

• Daiichi Sankyo Company Limited
• Teva Pharmaceutical Industries Ltd.
• Pfizer Inc.
• Boehringer Ingelheim International GmbH
• Amneal Pharmaceuticals, Inc.
• Lupin
• Forte Bio-Pharma LLC
• Mallinckrodt Pharmaceuticals
• Collegium Pharmaceuticals, Inc.
• Johnson & Johnson Services, Inc.
• Dr. Reddy’s Laboratories Ltd.
• Napp Pharmaceuticals
• Zentiva Group
• Mundipharma International
• G.L. Pharma and others.

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