The Brazil Cancer Pain Management market is projected to grow from $163 Mn in 2022 to $265.74 Mn by 2030, registering a CAGR of 6.3% during the forecast period of 2022 - 2030. The main factors driving the growth would be increased incidences of cancer, an ageing population, the growing pharmaceutical industry and supportive government policies. The market is segmented by drug type and by disease. Some of the major players include Grunenthal Pharma, Hisamitsu Pharmaceutical, Mundipharma, Pfizer, Teva Pharmaceuticals and Abbott.
The Brazil Cancer Pain Management market is projected to grow from $163 Mn in 2022 to $265.74 Mn by 2030, registering a CAGR of 6.3% during the forecast period of 2022 - 2030. In 2019, Brazil's healthcare spending as a percentage of GDP was 9.59% or $853 per person. Although there has been a lot of recent volatility, Brazil's health spending as a proportion of GDP tended to rise between 2000 and 2019.
Brazil has a high prevalence of cancer and a huge population that need pain management services, hence the market for cancer pain treatment there is expanding. The market offers a variety of goods and services, such as painkillers, palliative care, and non-pharmacological pain relief methods. Notwithstanding the difficulties the healthcare system faces, improvements in cancer pain management have been made in Brazil recently. A national pain management strategy was introduced by the Brazilian Ministry of Health in 2019, with the goals of expanding access to cancer pain management drugs and encouraging the use of non-pharmacological pain reduction methods.
Market Growth Drivers
The Brazil cancer pain management market is expected to be driven by factors such as increasing incidences of cancer, an ageing population, a growing pharmaceutical industry and supportive government policies. The Brazilian government has put laws into place to increase access to medications, like lowering import duties on opioid pharmaceuticals. As a result, the market is anticipated to grow and the demand for these medications would rise.
Market Restraints
Opioids and other medications are difficult to obtain in Brazil because of legal restrictions and concerns about abuse and addiction. For cancer patients, this makes it challenging to have access to efficient pain management and restricts the market growth
Key Players
December 2021: Hisamitsu Pharmaceutical and RaQyalia Pharma have decided to sign a licence agreement for a brand-new sodium channel blocker. Prior to going to the clinical stage, Hisamitsu Pharmaceutical will perform preclinical research on new pain treatment drug(s) containing the molecule using its expertise in manufacturing transdermal pharmaceuticals. The development, manufacture, and marketing of the substance will be provided to Hisamitsu Pharmaceutical as the only worldwide rights under the licencing agreement.
Numerous laws and regulations govern the regulatory environment in Brazil for the treatment of cancer pain. The National Health Surveillance Agency (ANVISA) is the principal regulatory organisation in charge of monitoring the clearance of drugs and related laws. ANVISA is in charge of assessing the efficacy and safety of medications and medical equipment, particularly those employed in the treatment of pain.
In terms of healthcare laws, Brazil's Unified Health System (SUS), a public healthcare system, offers free medical care to all people. A palliative care programme is part of the SUS, and it works to enhance the quality of life for those with cancer and other chronic illnesses. The program's core element of care also involves pain management.
The Unified Health System (SUS), Brazil's public healthcare system, mostly determines reimbursement standards for cancer pain management. All people are entitled to free healthcare from the SUS, which also pays for the cost of drugs and therapies for pain control in cancer patients. The SUS's coverage does have some restrictions, though. For instance, there can be limitations on the kinds and amounts of painkillers that can be prescribed, and patients might need to fulfil specific requirements to be eligible for coverage.
1. Executive Summary
1.1 Service Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Healthcare Services Market in Country
1.6 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Services
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Drug Type (Revenue, USD Billion):
Non-steroidal anti-inflammatory medicines relieve pain at the site of injury by blocking the cyclooxygenase enzyme, which prevents prostaglandin formation. NSAIDs are a class of medications that includes medications with analgesic, antipyretic, and, at higher doses, anti-inflammatory properties.
By Disease Indication (Revenue, USD Billion):
Based on disease Indication the market is segmented into:
Methodology for Database Creation
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1. Secondary Research
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The Brazil Cancer Pain Management market is projected to grow from $163 Mn in 2022 to $265.74 Mn by 2030, registering a CAGR of 6.3% during the forecast period of 2022 - 2030.
The Brazil cancer pain management market is segmented by drug type (opioids, morphine, non-opioids, acetaminophen, non-steroidal anti-inflammatory drugs and nerve blockers) and by disease indication (lung cancer, colorectal cancer, breast cancer, prostate cancer, blood cancer and others).
Some of the major players in Brazil's cancer pain management market are Grunenthal Pharma, Hisamitsu Pharmaceutical, Mundipharma, Pfizer, Teva Pharmaceuticals and Abbott.