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The antiemetic drug market size is forecast to increase by USD 1.72 million at a CAGR of 6.48% between 2023 and 2028.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
5-HT3 receptor antagonists are a widely utilized drug class for mitigating vomiting and nausea. These medications inhibit the effect of serotonin on 5-HT3 receptors, which are situated in the gastrointestinal tract and the central nervous system. By obstructing the activation of these receptors, 5-HT3 receptor antagonists effectively minimize the feeling of nausea and the frequency of vomiting. A significant application of these drugs lies in the prevention and treatment of chemotherapy-induced nausea and vomiting (CINV). Chemotherapy treatments trigger the discharge of serotonin, stimulating 5-HT3 receptors and resulting in nausea and vomiting.
Furthermore, generic substitutes of these medications are also available, offering cost-effective alternatives for patients. Gastrointestinal disorders like gastroenteritis and rotavirus gastroenteritis can also benefit from the use of 5-HT3 receptor antagonists. These drugs play a crucial role in enhancing patients' quality of life by alleviating symptoms of nausea and vomiting.
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The 5-Hydroxytryptamine 3 segment was valued at USD 1.36 billion in 2018 and showed a gradual increase during the forecast period.
Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America accounted for the largest share in the global market in 2023. This region, consisting of the United States, Canada, and Mexico, is a significant contributor to the development, production, and utilization of antiemetic drugs. The market's growth in North America is attributed to several factors. Firstly, the region has a substantial prevalence of medical conditions, such as cancer, gastrointestinal disorders, and vertigo, necessitating antiemetic drug therapy. The market in North America is further driven by the availability of advanced antiemetic drugs, such as dopamine receptor antagonists and neurokinin receptor antagonists, and the increasing use of general anaesthetics in medical procedures. Moreover, motion sickness, a common condition, is prevalent among the population, particularly among travelers.
Antiemetic drugs are essential in managing emesis (vomiting) and other symptoms associated with various ailments, including chemotherapies' side effects. The market in North America is further driven by the availability of advanced antiemetic drugs, such as dopamine receptor antagonists and neurokinin receptor antagonists, and the increasing use of general anesthetics in medical procedures. The market's growth is also fueled by the increasing focus on research and development activities and the growing awareness of the importance of managing emesis and related symptoms effectively.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The rising geriatric population globally is the key driver of the market.
Integration of digital health solutions in antiemetic drug management is the upcoming trend in the market.
Side effects and safety concerns associated with antiemetic drugs is a key challenge affecting the market growth.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, market forecast , partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Antiemetic drugs are essential medications used to prevent and manage vomiting and nausea caused by various ailments such as gastroenteritis, chemotherapy, postoperative surgery, vertigo, motion sickness, and emotional stress. These conditions can lead to dehydration and nutritional depletion, making timely intervention crucial. Gastrointestinal infections like rotavirus gastroenteritis and cancer are common causes of vomiting and nausea. Antiemetic drugs like ondansetron (Zofran) and barhemsys are popular choices due to their effectiveness against chemotherapies and postoperative surgery. Serotonin receptor antagonists, dopamine receptor antagonists, and neurokinin receptor antagonists are the primary drug types used in antiemetic therapy.
Furthermore, the market is significant due to the increasing number of cancer cases and surgeries, as well as the availability of generic substitutes. Antiemetic drugs are also used in hospital pharmacies and online pharmacies for surgical procedures, radiation therapy, and raw material estimations. The market's growth is influenced by factors like treatment schedules, patent expiration, dosage, strength, usage, healthcare expenditure, and drug type. Antihistamines and anticholinergics are alternative options for antiemetic therapy. The market's future looks promising due to the rising number of cancer cases and surgeries, as well as the development of new antiemetic drugs.
Market Scope |
|
Report Coverage |
Details |
Page number |
184 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.48% |
Market growth 2024-2028 |
USD 1.72 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.74 |
Key countries |
US, China, Germany, UK, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Drug Class
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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