5-HT3 Receptor Antagonists Market Trends

  • Report ID: 3301
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

5-HT3 Receptor Antagonists Market Trends

Growth Drivers

  • Increase in Prevalence of Cancer
  • Advancement of Pharmaceutical and Medical Technologies

Challenges

  • Lack Of Necessary Infrastructure in Lower Economic Regions
  • Side-Effects Associated with The Use of This Drug

5-HT3 Receptor Antagonists Market: Key Insights

Healthcare Expenditure per Capita Graph

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.74 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.31 in 2008 to USD 1,110.84in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Base Year

2024

Forecast Year

2025-2037

CAGR

5.60%

Base Year Market Size (2024)

USD 5.31 billion

Forecast Year Market Size (2037)

USD 10.78 billion

Regional Scope

  • North America (U.S., and Canada)
  • Asia Pacific (Japan, China, India, Indonesia, Malaysia, Australia, South Korea, Rest of Asia Pacific)
  • Europe (UK, Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Latin America (Mexico, Argentina, Brazil, Rest of Latin America)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Author Credits:  Radhika Pawar


  • Report ID: 3301
  • Published Date: Dec 26, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of 5-HT3 receptor antagonists is evaluated at USD 5.56 billion.

5-HT3 Receptor Antagonists Market size was over USD 5.31 billion in 2024 and is poised to exceed USD 10.78 billion by 2037, witnessing over 5.6% CAGR during the forecast period i.e., between 2025-2037.

Asia Pacific industry is likely to dominate majority revenue share by 2037, owing to increased healthcare expenditure and the expanding cancer patient pool in the region.

The major players in the market include Pfizer Inc., Novartis AG, Johnson & Johnson Services, Inc., AstraZeneca, Teva Pharmaceutical Industries Ltd. among others.
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