August 09, 2018
WELLESLEY, Mass., Aug 09, 2018–A global increase in the number of pregnancies, expanding use of chemotherapy and radiation, and growing research activity are just a few factors helping boost the global market for antiemetics, according to a report by BCC Research.
The industry expects to see a compound annual growth rate (CAGR) of 6.5% through 2023, when it is expected to top $5.9 billion, according to the report Antiemetics: Technologies and Global Markets.
Major players in the market include Abbott Laboratories, Daiichi Sankyo, Eisai, GlaxoSmithKline, Helsinn Healthcare, IPCA Laboratories, Kyowa Hakko Kirin Pharma, Merck, Novartis, F. Hoffmann-La Roche, Sanofi Aventis and Tesaro.
“The antiemetic drug market primarily is volume-driven as most of the drugs belonging to this therapeutic class have lost their patent protection and are currently supplied as low-priced generics, affecting the overall growth of the market in terms of value,” the report notes. “The growing numbers of surgical procedures, cancer patients undergoing chemotherapy and radiotherapy, and an increasing number of pregnancies are key the market drivers.”
Market Restraints Include Lack of Animal Models, Pricing Pressure
The prevalence of nausea and vomiting as a side effect to many drugs and treatments means targeting them is a major goal, although both are complex effects to test. The reliance of animal testing, the report notes, has produced inconsistent results, and in recent years major companies in the antiemetic market have issued sweeping drug recalls. An additional negative influence on the market is the widespread use of low-cost generics, which is forcing manufacturers to reduce their own prices to remain competitive. Wholesalers, retailers and reimbursement coordinators are also demanding that drug makers lower their prices.
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Antiemetics: Technologies and Global Markets( PHM070B )
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