PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378576
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1378576
The global chemotherapy-induced thrombocytopenia therapeutics market is estimated to be valued at US$ 1,531.3 Mn in 2023, and is expected to exhibit a CAGR of 5% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 1,531.3 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.00% | 2030 Value Projection: | US$ 2,154.6 Mn |
Chemotherapy-induced Thrombocytopenia (CIT) is a prevalent medical condition associated with reduced chemotherapy doses, treatment interruptions, bleeding complications, and unfavorable outcomes in cancer patients. Currently, there exists a lack of well-defined guidelines for the prevention and management of CIT. In response to this challenge, thrombopoietin (TPO) replacement therapy has been developed and employed as an approach to address CIT by stimulating the production of megakaryocytes and expediting platelet generation. Despite platelet transfusions being the primary approach to managing severe CIT in cancer patients, there remain substantial unmet needs. These include persistently high rates of bleeding events and the necessity for adjustments or delays in anticancer therapy dosages.
The increasing number of pipeline products for the treatment of chemotherapy-induced thrombocytopenia is expected to drive the market growth. For instance, Nplate (Amgen Inc.) is a thrombopoietin receptor agonist (TPO-RA). It is being investigated in phase 3 for the treatment of chemotherapy-induced thrombocytopenia (CIT).
Thus, rising number of lead candidates in late phase clinical trial having the potential to gain regulatory approval is providing robust opportunities for pharmaceutical manufacturers to launch novel drugs for the treatment of CIT.
For instance, on October 19, 2020, Institute of Hematology & Blood Diseases Hospital initiated the single-arm study to evaluate the safety and efficacy of eltrombopag to treat chemotherapy-induced thrombocytopenia. The study is under Phase II trial and is expected to complete by December 2023.
Key features of the study:
Global Chemotherapy-induced Thrombocytopenia Therapeutics Market Detailed Segmentation: