Antiemetics Drugs Market: Focus on ANZEMET
Market Overview of Antiemetics Drugs
The global antiemetics drugs market is a significant segment within the pharmaceutical industry, primarily focused on managing and preventing nausea and vomiting associated with various medical conditions and treatments. As of 2023, the market was valued at USD 7.49 billion and is projected to grow at a compound annual growth rate (CAGR) of 5.98% from 2024 to 2030, reaching USD 11.20 billion by 2030[1][3][4].
Key Drivers of the Antiemetics Drugs Market
Rising Incidences of Cancer and Gastroenteritis
The increasing prevalence of cancer and gastroenteritis are major drivers of the antiemetics drugs market. Cancer treatments, such as chemotherapy and radiation therapy, often induce nausea and vomiting, making antiemetic drugs essential for patient care[1][3][4].
Growing Research and Development Activities
Continuous research and development activities by pharmaceutical companies are introducing new and more effective antiemetic drugs. For instance, the approval of new drugs like Arokaris by Taiho Pharmaceutical Co., Ltd. in 2022 highlights the ongoing innovation in this sector[1].
Launch of Generic Substitutes
The surge in the launches of generic substitutes is another significant factor influencing market demand. The patent expiration of key antiemetic drugs opens opportunities for generic manufacturers, driving competition and affecting pricing and market share distribution among major pharmaceutical players[1][4].
Market Segmentation and ANZEMET
By Drug Type
The antiemetics drugs market is segmented by drug type, with serotonin-receptor antagonists holding the largest market share. This segment includes drugs like Ondansetron (Zofran), Dolasetron (Anzemet), and Granisetron (Kytril)[1][3].
ANZEMET (Dolasetron)
ANZEMET, or Dolasetron, is a serotonin-receptor antagonist used to prevent nausea and vomiting associated with chemotherapy and postoperative recovery. It is available in both injection and oral pill formulations.
- Market Share and Growth: The serotonin-receptor antagonists segment, which includes ANZEMET, accounted for approximately 29.71% of the market share in 2023 and is expected to witness the fastest growth during the forecast period[1].
- Clinical Use: ANZEMET is particularly effective in managing acute and delayed phases of chemotherapy-induced nausea and vomiting (CINV), making it a crucial drug in oncology care[3].
By Application
The chemotherapy segment dominates the application segment, with a market share of around 45.70% in 2023. ANZEMET, being a key drug in this segment, is widely used to manage CINV[1][3].
Regional Market Dynamics
North America
North America holds the largest market share, approximately 36.52% in 2023, due to the presence of key players like Pfizer and GSK plc, and the high prevalence of cancer in the region. The ongoing approvals for antiemetic drugs in North America further contribute to the regional growth[1][3][4].
Asia Pacific
The Asia Pacific region is expected to grow significantly, driven by the increasing incidences of cancer and gastroenteritis. For example, a study published by the National Library of Medicine projected a 12.8% increase in cancer cases in India from 2020 to 2025, which will drive the demand for antiemetic drugs like ANZEMET in this region[1][3].
Financial Trajectory
Revenue and Growth
The global antiemetics drugs market, including the segment for serotonin-receptor antagonists like ANZEMET, is expected to grow substantially. The market is projected to reach USD 11.20 billion by 2030, with a CAGR of 5.98% from 2024 to 2030[1].
Key Players and Market Competition
Companies such as Pfizer Inc., GSK plc, Astellas Pharma Inc., and Cipla Inc. are major players in the antiemetics drugs market. These companies are involved in continuous research and development, which includes the improvement and expansion of drugs like ANZEMET. The market competition is also influenced by the entry of generic manufacturers, which affects pricing and market share distribution[1][3][4].
Regulatory Factors
The approval process and regulatory requirements play a crucial role in the antiemetics drugs market. For instance, the FDA approval of BARHEMSYS in February 2020 for the prevention or treatment of postoperative nausea and vomiting highlights the stringent regulatory environment. These approvals and the patent expiration of key drugs can lead to market entry delays and increased costs for pharmaceutical companies but also open opportunities for generic manufacturers[3][4].
Key Takeaways
- The global antiemetics drugs market is driven by rising incidences of cancer and gastroenteritis, along with growing research and development activities.
- Serotonin-receptor antagonists, including ANZEMET, hold a significant market share and are expected to witness the fastest growth.
- North America dominates the market due to the presence of key players and high cancer prevalence.
- The Asia Pacific region is expected to grow significantly due to increasing cancer cases.
- Regulatory factors and the approval process influence market dynamics and competition.
FAQs
What is the current market size of the antiemetics drugs market?
The global antiemetics drugs market was valued at USD 7.49 billion in 2023[1].
Which segment holds the largest market share in the antiemetics drugs market?
The serotonin-receptor antagonists segment holds the largest market share, with drugs like Ondansetron, Dolasetron (ANZEMET), and Granisetron[1][3].
What are the key drivers of the antiemetics drugs market?
The key drivers include rising incidences of cancer and gastroenteritis, growing research and development activities, and the surge in the launches of generic substitutes[1][3][4].
Which region is expected to grow significantly in the antiemetics drugs market?
The Asia Pacific region is expected to grow significantly due to the increasing incidences of cancer and gastroenteritis[1][3].
What is the projected CAGR of the antiemetics drugs market from 2024 to 2030?
The market is expected to grow at a CAGR of 5.98% from 2024 to 2030[1].
Sources
- Grand View Research: Antiemetics Drugs Market Size & Share Analysis Report 2030
- Modivcare: Modivcare Reports First Quarter 2024 Financial Results
- Vision Research Reports: Antiemetics Drugs Market Size, Growth, Trends, Report 2024-2033
- GlobeNewswire: Global Antiemetics Drugs Market to Exhibit Growth at a CAGR of ~6% by 2030 | DelveInsight