Neuroendocrine Tumors Market Global Demand and Future Scope 2020-2026 || Teva Pharmaceutical Industries Ltd, F. Hoffmann-La Roche Ltd, Merck & Co. Inc., Eli Lilly and Company, AbbVie Inc.;
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Global neuroendocrine tumors market is rise gradually to an estimated value of USD 2.80 Billion by 2026 registering a CAGR of 10.2% in the forecast period of 2019-2026. Increasing prevalence of neuroendocrine tumors and accelerating demand of clinical treatment and novel therapies indicates the significant growth of market.
Few of the major competitors currently working in the global neuroendocrine tumors market are, Bristol-Myers Squibb Company, Novartis AG, Pfizer Inc., Amgen, Inc., Ipsen Pharma, GlaxoSmithKline Plc, Regeneron Pharmaceuticals, Mylan N.V, Sanofi S.A, Teva Pharmaceutical Industries Ltd, F. Hoffmann-La Roche Ltd, Merck & Co., Inc., Eli Lilly and Company, AbbVie Inc., Advanced Accelerator Applications and among others
Market Definition: Global Neuroendocrine Tumors Market
Neuroendocrine tumors are an oncology disorder in which cancer arises from neuroendocrine cells and proliferate almost all over the body. The organs affected by neuroendocrine tumors are mainly, gastrointestinal (GI) tract, gallbladder, pancreas, lungs and thyroid. It is seen rarely in thymus, kidneys, liver, prostate, skin and ovaries. The patient may experience indigestion, abdominal pain, difficulty in breathing, muscle weakness, jaundice, weight loss etc.
According to the statistics published in American Society of Clinical Oncology, the total prevalent population of neuroendocrine tumors in United States was over 170,000, it is estimated that 12,000 new cases of patients in United States diagnosed with neuroendocrine tumors each year.
Neuroendocrine Tumors Market Drivers
Increase in prevalence rate of neuroendocrine tumor in geriatric population worldwideAccelerating demand of treatment and novel therapiesRising awareness about treatment and technological advancement is driving the growth of market
Neuroendocrine Tumors Market Restraints
Effective treatment is either unavailable or unaffordablePatent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the marketLack of awareness about novel therapies and clinical development for neuroendocrine tumors
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Segmentation: Global Neuroendocrine Tumors Market
Neuroendocrine Tumors Market : By Site of Origin
Carcinoid tumors in the lungsPancreatic neuroendocrine tumorsMedullary thyroid carcinomaMerkel cell carcinomaPheochromocytoma of the adrenal glandSmall cell lung cancerLarge cell lung cancerOthers
Neuroendocrine Tumors Market : By Therapy Type
Neuroendocrine Tumors Market : By Mechanism of Cation type
Somatostatin analogsTyrosine kinase inhibitorPeptide receptor radionuclideAlfa-interferonProton-pump inhibitorsOthers
Neuroendocrine Tumors Market : By Drug Type
EverolimusSunitinib malateLorlatinibNivolumabDacomitinibBrigatinibDurvalumabAtezolizumabAlectinibCrizotinibTopotecan hydrochlorideBevacizumabOthers
Neuroendocrine Tumors Market : By Route of administration
Neuroendocrine Tumors Market : By End Users
Neuroendocrine Tumors Market : By Geography
North AmericaSouth AmericaEuropeAsia-PacificMiddle East & Africa
Key Developments in the Market:-
In January 2018, Advanced Accelerator Applications received FDA approval for Lutathera (lutetium Lu 177 dotatate), a radioactive somatostatin receptor acting as a Peptide Receptor Radionuclide Therapy (PRRT), indicated for the treatment of adult patients with gastroenteropancreatic neuroendocrine tumors (GEP-NETs). Previously, drug also received Orphan Drug designation by both the US FDA and European Medicines Agency (EMA)In April 2019, Merck & Co., Inc received expanded approval from the US FDA for Keytruda (pembrolizumab), an anti-PD-1 therapy as a first line treatment of patients with stage III non-small cell lung cancer
Competitive Analysis: Global Neuroendocrine Tumors Market :-
Global neuroendocrine tumors market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of neuroendocrine tumors market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa
Neuroendocrine Tumors Market : Primary Respondents :-
Demand Side: Doctors, Surgeons, Medical Consultants, Nurses, Hospital Buyers, Group Purchasing Organizations, Associations, Insurers, Medical Payers, Healthcare Authorities, Universities, Technological Writers, Scientists, Promoters, and Investors among others.
Supply Side: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, and Regulatory Affairs Managers among others.
Reasons to Purchase this Report :-
Current and future of global neuroendocrine tumors market outlook in the developed and emerging marketsThe segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast periodRegions/Countries that are expected to witness the fastest growth rates during the forecast periodThe latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:-
All segmentation provided above in this report is represented at country levelAll products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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