Market Trends of Global Antiemetic Drugs Industry
This section covers the major market trends shaping the Antiemetic Drugs Market according to our research experts:
Serotonin Receptor Antagonists Segment is Expected to Witness Growth Over the Forecast Period
Serotonin receptor antagonists, or serotonin blockers, are used to prevent and treat nausea and vomiting, particularly those brought on by chemotherapy, radiation therapy, or postoperatively. Some of the most commonly used serotonin receptor antagonists are Ondansetron and Granisetron. The segment is expected to register a significant growth rate over the forecast period owing to factors such as increased demand for Ondansetron and Gravisetron for preventing vomiting and nausea mostly after surgical procedures.
According to a research study titled "Antiemetics in Children with Acute Gastroenteritis" published in the Official Journal of the American Academy of Pediatrics in March 2020, Ondansetron has extreme utility as an antiemetic drug. The twenty-four studies included (3,482 children) in the research by the Department of Pediatrics, revealed that Ondansetron has the largest effect on cessation of vomiting. Ondansetron was the only intervention that reduced the need for intravenous rehydration and the number of vomiting episodes. Hence, owing to the advantages offered by these medications, the utility of serotonin receptor antagonists is likely to increase among the target population, ultimately driving the segment growth.
Likewise, strategic activities such as product development, approvals, mergers, and acquisitions by key players operating within the market are anticipated to drive the segment's growth throughout the analysis period. For instance, in January 2022, Cumberland Pharmaceuticals, a specialty pharmaceutical company, acquired Sancuso, an oncology-supportive care medicine from Kyowa Kirin North America, the United States affiliate of Japan-based Kyowa Kirin Co., Ltd. Sancuso is the first and only FDA-approved Granisetron transdermal prescription patch for the prevention of nausea and vomiting in patients receiving certain types of chemotherapy treatment.
Therefore, the serotonin receptor antagonists segment is expected to witness significant growth over the forecast period due to the abovementioned factors.
North America is Expected to Dominate the Antiemetic Drugs Market Over the Forecast Period
North America is expected to dominate the market owing to factors such as the easy availability, economic stability in people, high awareness among consumers about healthcare in the region, Key drug launches, growing prevalence of cancers and gastroenteritis, high concentration of market players, and manufacturer's presence in the United States are some of the other factors driving the growth of the antiemetic drugs market in the country.
For instance, according to Cancer Statistics by the National Cancer Institute, in 2020, an estimated 1,806,590 new cases of cancer were diagnosed in the United States and 606,520 people died from the disease. An estimated 16,850 children and adolescents aged 0 to 19 were diagnosed with cancer, and 1,730 died of the disease. Similarly, approximately 179 million cases of acute gastroenteritis (AGE) occur annually in the United States, as reported by the Centers for Disease Control and Prevention. In the United States and other regions, 2-23% of children with acute gastroenteritis are treated with antiemetics, according to the reports of the American Academy of Pediatrics, 2020. Such factors are expected to boost the growth of antiemetics within the region over the coming years.
Moreover, in September 2020, Sandoz, a Novartis division, launched generic Fosaprepitant, an anti-emetic drug used in preventing nausea and vomiting induced by chemotherapy in the United States, enhancing hospital offerings and strategically expanding its injectables portfolio.
Thus, owing to the aforementioned factors, the growth of the antiemetics market is expected to be bolstered in the North American region.
