NEUTROPENIA MARKET SEEN SOARING 5.5% GROWTH TO REACH USD 25,956.7 MILLION BY 2030, PROJECTS UNIVDATOS MARKET INSIGHTS

• Himanshu Patni
• June 28, 2024
• HEALTHCARE, NEWS
• Neutropenia market
• 0 Comments

Key Highlights of the Report:

• The growing prevalence of neutropenia induced by cancer treatments, particularly chemotherapy is boosting the neutropenia market. Cancer patients often experience neutropenia as a side effect, increasing the demand for therapeutic interventions to manage and prevent associated complications.
• For instance, according to PAHO, in 2023, Globally, there were an estimated 20 million new cases of cancer and 10 million deaths from cancer.  The cancer burden will increase by approximately 60% over the next two decades, further straining health systems, people and communities.
• The North America neutropenia market is expected to continue to grow in the coming years, driven by the increasing prevalence of cancer and growing awareness of neutropenia among healthcare professionals and the general population, development of advanced imaging techniques and the rise in treatment option.
• For instance, in 2020, according to American Cancer Society, Cancer is the second most common cause of death in the US, exceeded only by heart disease. around 609,360 deaths from cancer are expected in the US in 2022, which is about 1,670 deaths per day.

According to a new report by Univdatos Market Insights, the Neutropenia Market, is expected to reach USD 25,956.7 Million in 2030 by growing at a CAGR of 5.5%. Neutropenia is a medical condition characterized by a low count of neutrophils; a type of white blood cell essential for the immune system. Neutropenia can result from various causes, including chemotherapy, certain medications, or underlying medical conditions. The market encompasses pharmaceutical interventions, therapeutic approaches, diagnostic tools, and supportive care aimed at addressing neutropenia and improving patient outcomes. Based on the type, the market has been categorized into congenital neutropenia, febrile neutropenia, cyclic neutropenia, autoimmune neutropenia, and others. Based on the treatment, the market has been categorized into antibiotic therapy, colony-stimulating factor therapy, granulocyte transfusion, and others. Based on the end-user, the market has been categorized into hospitals, homecare, speciality centres, and others. The North America Neutropenia market is expected to continue to grow in the coming years.

The report suggests that the Rising Prevalence Of Drug Induced Neutropenia and Increasing Aging Population are one of the major factors driving the growth of the Neutropenia market during the forthcoming years. The Neutropenia market is experiencing a significant boost due to two key demographic factors: Growing Prevalence of Drug-Induced Neutropenia and Rising Geriatric Population in Boosting the Neutropenia Market

Neutropenia, characterized by an abnormally low level of neutrophils, is a condition that has witnessed a significant impact from the growing prevalence of drug-induced neutropenia and the increasing geriatric population. Several key factors contribute to the boost in the Neutropenia market, shaping the landscape of diagnosis, treatment, and management of this hematologic disorder.

Prevalence of Drug-Induced Neutropenia:

The pharmaceutical landscape has evolved rapidly, introducing a myriad of drugs for various medical conditions. Unfortunately, some medications can lead to adverse effects, including neutropenia. The growing prevalence of drug-induced neutropenia is a substantial driver of the Neutropenia market. Medications, particularly those used in chemotherapy and certain immune-modulating therapies, can suppress the production of neutrophils, leaving individuals susceptible to infections. The increasing use of these drugs in diverse therapeutic areas has heightened the occurrence of drug-induced neutropenia.

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Impact of the Geriatric Population:

The demographic shift toward an aging population is a global phenomenon. As individuals age, they often experience changes in their immune system, and neutropenia becomes more prevalent. The geriatric population is particularly vulnerable to drug-induced neutropenia due to a higher likelihood of being prescribed medications and an age-related decline in bone marrow function. The immune system’s ability to produce an adequate number of neutrophils diminishes with age, making older individuals more susceptible to neutropenia and its complications.

Increasing Incidence of Drug-Induced Neutropenia:

Drug-induced neutropenia has become a critical concern in healthcare settings. Medications used in the treatment of cancer, autoimmune diseases, and certain infections are known to carry the risk of inducing neutropenia as a side effect. Chemotherapy, in particular, can severely impact bone marrow function, leading to a decline in neutrophil counts. The increasing incidence of drug-induced neutropenia necessitates heightened awareness, monitoring, and management strategies within the healthcare community.

Rising Geriatric Population and Neutropenia Risk:

The aging process involves changes in the bone marrow microenvironment, where blood cells, including neutrophils, are produced. With advancing age, the bone marrow’s ability to generate a robust neutrophil response to infections diminishes. Moreover, elderly individuals often contend with multiple comorbidities, making them more likely to be prescribed medications that carry the risk of inducing neutropenia. The coexistence of age-related factors and medication use in the geriatric population elevates the risk of neutropenia, leading to an increased prevalence of this condition.

Challenges in Diagnosis and Management:

The growing prevalence of drug-induced neutropenia and the aging population pose challenges in the diagnosis and management of neutropenia. Detecting drug-induced neutropenia requires a thorough understanding of a patient’s medication history, and healthcare providers must carefully balance the benefits of medications with the potential risks. In the geriatric population, managing neutropenia becomes a complex task due to age-related physiological changes and the need to navigate multiple medications. Comprehensive strategies for diagnosis, monitoring, and treatment are essential to address these challenges effectively.

Investments in Research and Development: To tackle the growing challenges posed by drug-induced neutropenia and its heightened occurrence in the geriatric population, pharmaceutical companies have increased investments in research and development. These endeavors aim to identify novel therapeutic approaches, safer medications, and innovative interventions to prevent and manage neutropenia effectively. The focus on precision medicine and tailored treatment strategies is becoming increasingly prominent to mitigate the risks associated with drug-induced neutropenia.

Fig1: New Cancer Cases Diagnosed, 2018 & 2020

Conclusion

In conclusion, the Neutropenia market is experiencing a significant boost driven by the growing prevalence of drug-induced neutropenia and the rising geriatric population. The increased use of medications across various therapeutic areas, particularly in cancer and autoimmune disease treatments, has elevated the incidence of drug-induced neutropenia. Simultaneously, the aging demographic is contributing to a higher prevalence of neutropenia, posing unique challenges in diagnosis and management. Pharmaceutical companies are responding with increased research and development investments, mergers, and acquisitions to address these challenges. The focus on precision medicine and tailored interventions underscores the industry’s commitment to providing safer and more effective treatments for neutropenia, ultimately improving outcomes for affected individuals, especially in the context of drug-induced neutropenia and the vulnerabilities associated with aging.

Key Offerings of the Report

Market Size, Trends, & Forecast by Revenue | 2023−2030

Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities

Market Segmentation – A detailed analysis by Application, and End User

Competitive Landscape – Top Key Vendors and Other Prominent Vendors