Pancreatic Cancer Market Trends

Growth Drivers

• Rising Geriatric Population Across the World with Reduced Immunity – The chances of developing cancer cells in the body can increase with the age of the person. As per the estimations in 2023, more than 1 in 6 people in America which is 80 million people are now the age 65 and above.
• Growing Number of Research Projects- The increasing number of financially funded research projects by the National Cancer Institute to develop medications and treatments is projected to propel the market’s growth.
• Increasing Incidence of Cancers related to the Digestive System and Stomach owing to Unhealthy Foods –Consumption of red meat, processed meat, and meals are high in saturated fats, alcohol, and fructose-containing foods and drinks may raise the chance of developing pancreatic cancer.

Challenges

• Side Effects of Radiation and Chemotherapy – The side effects of chemotherapy include pain, dizziness, fever, vomiting, and frequent bowel movement and the side effects of radiation therapy include diarrhea, shortness of breath, change in taste, and urinary and bladder problems. All these factors are estimated to be the reason for the hampering of market growth.

• Rising Cost of Drug Development and Treatment
• Stringent Government Regulatory Guidelines