5-HT3 Receptor Antagonists Market Size & Share, by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies); Indication (Post-Operative Induced Nausea, Vomiting, Radiation Induced Nausea, Vomiting, Chemotherapy Induced Nausea, Vomiting) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2024-2036

  • Report ID: 3301
  • Published Date: Aug 29, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2024-2036

5-HT3 Receptor Antagonists Market size was over USD 5.03 billion in 2023 and is anticipated to reach USD 10.21 billion by 2036, growing at around 5.6% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of 5-HT3 receptor antagonists is estimated at USD 5.26 billion. The rapidly increasing prevalence of cancer and other chronic diseases, such as, cardiovascular diseases are expected to fuel the growth of the market. The increasing number of chemotherapies and radiation therapies that induce nausea and vomiting surges the demand for the drug that aids in controlling nausea and vomiting post-chemotherapy and surgeries. HT3 receptor antagonists are used to control and curb the urge for vomiting, which is estimated to boost the 5-HT3 receptor antagonists market growth. Moreover, the geriatric population is more vulnerable to chronic diseases such as arthritis, stroke, and heart attack, leading to operations and surgeries, which is estimate to further promote the growth of the 5-HT3 receptor antagonist market.  According the data by the WHO, in 2020, 9.318% of the total population of the world aged 65 years and above. Furthermore, the market development can also be attributed to the factors, such as, the increasing need for early diagnosis of the disease and increased research expenditure by governments and private organizations. In addition to this, the drug is also used in clinical trials to treat irritable bowel syndrome, arrhythmia, and schizophrenia, which is also expected to boost the 5-HT3 receptor antagonists market growth.


5-HT3 Receptor Antagonists Market Graph
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5-HT3 Receptor Antagonists Sector: Growth Drivers and Challenges

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

Base Year

2023

Forecast Year

2024–2036

CAGR

5.6%

Base Year Market Size (2023)

USD 5.03 billion

Forecast Year Market Size (2036)

USD 10.21 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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5-HT3 Receptor Antagonists Segmentation

On the basis of indication, the 5-HT3 receptor antagonists market is divided into postoperative induced nausea and vomiting, radiation-induced nausea and vomiting, chemotherapy-induced nausea and vomiting, and others. The postoperative nausea segment is anticipated to grab the most significant share by the end of 2021 on account of an increasing number of surgeries due to the increase in chronic diseases. Moreover, the chemotherapy-induced nausea segment is also expected to grow significantly over the forecast period due to the rising prevalence of cancer globally. According to a report by the World Health Organization, more than 10 million deaths were caused by cancer in 2020.

Based on distribution channel, the hospital pharmacies segment in market is projected to grow with a significant CAGR over the forecast period. The segment growth can be attributed surging adoption of technological medicines and drugs in hospitals, and increasing number of chemotherapy procedures being performed in hospitals. 

Our in-depth analysis of the global market includes the following segments:

           Indication

  • Post-Operative Induced Nausea and Vomiting
  • Radiation Induced Nausea and Vomiting
  • Chemotherapy Induced Nausea and Vomiting
  • Others

             Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
  • Others

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5-HT3 Receptor Antagonists Industry - Regional Synopsis

The 5-HT3 receptor antagonists market is segmented on the basis of region into five North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa region. The market in the Asia Pacific is set to hold largest revenue share by 2036, owing to increased healthcare expenditure and the expanding cancer patient pool in the region. Moreover, in 2021, the market in the North American region is evaluated to occupy the largest share in terms of revenue due to the ongoing technological advancement in the region and the presence of leading healthcare companies. Furthermore, rising cases of surgeries and the high prevalence of chronic diseases such as cardiovascular diseases in the region are estimated to boost the regional 5-HT3 receptor antagonists market growth. According to the data provided by Centres for Disease Control and Prevention (CDC) statistics, around 655,000 Americans die from heart diseases every year, that is, one in every four deaths is caused by CVDs.

Research Nester
5-HT3-Receptor-Antagonists-Market-Share
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Companies Dominating the 5-HT3 Receptor Antagonists Landscape

    • Pfizer Inc.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Novartis AG
    • AstraZeneca
    • Teva Pharmaceutical Industries Ltd.
    • Takeda Pharmaceutical Company Limited
    • Merck & Co. Inc.
    • Bayer AG
    • GlaxoSmithKline plc
    • Eli Lilly and Co.
    • Bristol Myers Squibb Co.

In the News

  • April 2021: Pfizer Inc. announced the acquisition of Amplyx Pharmaceuticals, Inc., previously a private company dedicated to developing therapies for debilitating and life-threatening diseases that affect people with compromised immune systems.

  • January 2021: Eli Lilly and Company announced the acquisition of Prevail Therapeutics, a biotechnology company for about USD 1.04 billion.

Author Credits:  Radhika Pawar


  • Report ID: 3301
  • Published Date: Aug 29, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of 5-HT3 receptor antagonists is estimated at USD 5.26 billion.

5-HT3 Receptor Antagonists Market size was over USD 5.03 billion in 2023 and is anticipated to reach USD 10.21 billion by 2036, growing at around 5.6% CAGR during the forecast period i.e., between 2024-2036. Increase in prevalence of cancer and advancement of pharmaceutical and medical technologies will fuel the market growth.

Asia Pacific is set to hold largest revenue share by 2036, 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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