Glioblastoma Multiforme Treatment Market Annual Growth Rate (CAGR) of 8.9% | Majority of Growth to Originate from North America – Market.us
Pune, Maharashtra, India, September 15 2022 (Wiredrelease) Prudour Pvt. Ltd –:The glioblastoma multiforme treatment market size was valued at USD 2.15 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2032.
Due to the heterogeneity of tumors and variation in treatment methods, there will be a greater demand for a personalized therapeutic method to treat Glioblastoma Multiforme. Acceptance of new therapies will likely increase the life expectancy of patients with glioblastoma multifle. The FDA’s unique classification of experimental drugs is expected to accelerate the marketing and approval of new therapies. These factors will be favorable to the global glioblastoma multifle treatment market over the next few years.
Market growth is expected to be driven by the increasing prevalence of glioblastoma multifemorale (GBM), improving R&D and favorable regulatory situations. A strong pipeline will be a key driver of the glioblastoma multifle (GBM) treatment industry over the forecast period. Over the forecast period, the market is expected to grow due to the increasing incidence of brain cancers. Global Cancer Observatory estimates that in 2020 the global incidence of CNS and brain cancers will be 308,102 and 251,329 respectively. Brain cancer is the most deadly form of cancer.
In the next few years, the market will be driven by increasing acceptance of novel therapy and combination therapy. Pfizer’s Zirabev was approved by the U.S. FDA in June 2019 as a biosimilar to Avastin for the treatment of recurrent glioblastoma and NSCLC. The company launched its product in the U.S. in January 2020. In November 2019, the FDA approved Samsung’s BLA for the SB8 bevacizumab candidate biosimilar. This will allow the company to increase its potential to launch products over the next few years.
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Global Glioblastoma Multiforme Therapy Market: Key Trends
A brain tumor is a condition in which abnormal cells grow and multiply within the brain. Global glioblastoma Multiforme Treatment Market is expected to grow due to several factors including rising incidence of brain diseases, substantial research and development activities by large companies, and the aging population. Globocan 2018 estimates showed that there were 296,851 brain cancer cases worldwide in 2018. In 2018, there were 296,851 new cases of brain cancer worldwide according to Globocan 2018. The increasing emphasis on developing better treatment options encourages more cancer chemotherapy-based companies to create new medicines and expand into other markets to increase their sales of both chemotherapy and radiation therapy products. As a result, the global glioblastomamultiforme treatment market will expand.
The global market for Glioblastoma Multiforme Treatment is extremely concentrated with only a handful of players operating globally. Some of the established prominent brands in Glioblastoma Multiforme Treatment market are Agenus Inc, Cavion LLC, Exelixis Inc, AbbVie Inc, Celldex Therapeutics Inc, Activartis GmbH, F. Hoffmann-La Roche Ltd., Cortice Biosciences, Arog Pharmaceuticals Inc and Bristol-Myers Squibb Company.
The report is a collection of industry analysts’ first-hand data, qualitative and quantitative analysis, inputs from industry specialists, and industry participants throughout the value chain. The report provides an in-depth analysis of market trends, macroeconomic indicators, and governing variables along with market attractiveness for each segment. The report also includes a qualitative analysis of the impact of market factors on market segments as well as geographies.
Glioblastoma Multiforme Treatment Market: Scope of the Report
The market estimates included in the report are based on extensive secondary research as well as primary interviews and in-house reviews. The consideration of Market estimates will be evaluated based on the market’s current market dynamics and the impact of various socio-political and economic factors. In addition to the market overview, which comprises market dynamics the section also includes Porter’s Five Forces Analysis which explains the five forces that are: buyer’s bargaining power, supplier’s bargaining power, the threat of new entrants, threat of substitutes, and degree of competition in the Glioblastoma Multiforme Treatment Market.
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Glioblastoma Multiforme Treatment Market: Competitive Landscape
Innovation and up-gradation in technologies across various industries are bringing new players to the market. The section contains information regarding the financial revenue and key developments of all the major market competitors. This includes SWOT analysis, product benchmarking, key developments and key developments of any 3-5 top market players. This section allows clients to customize the companies they wish to include.
Examples of some of the major players in the global Glioblastoma Multiforme Treatment market are
Arog Pharmaceuticals Inc
Bristol-Myers Squibb Company
Celldex Therapeutics Inc
F. Hoffmann-La Roche Ltd.
On the basis of product type, the global Glioblastoma Multiforme Treatment market is segmented into:
Temozolomide (Temodar and Temodal and Temcad)
On the basis of application, the global Glioblastoma Multiforme Treatment market is segmented into:
Global Glioblastoma Multiforme Treatment Market: Geographical Analysis
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The Market.us Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
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North America: U.S and Canada
Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe
APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Mexico
The Middle East And Africa: Saudi Arab, South Africa, UAE
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Market.us Research developed the growth formula to provide insight to CXOs and stakeholders about the current market. This growth formula makes the report an ideal companion for CXOs and stakeholders.
The growth formula includes the following points:
1. Current Challenges and Future Threats Outlook (2022-2031)
2. Accurate Market Trends and Developments
3. Regional Assessment
4. Industrial Analogy
5. COVID-19 Impact, Russia-Ukraine War Impact, Tension between China and Taiwan
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FREQUENTLY ASKED QUESTIONS
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Q3. What is the Glioblastoma Multiforme Treatment market growth?
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Q5. Which segment accounted for the largest Glioblastoma Multiforme Treatment market share?
Q6. Who are the key companies/players in the Glioblastoma Multiforme Treatment market?
Q7. What are the factors driving the Glioblastoma Multiforme Treatment market?
Q8. Which region is expected to project the highest market share in the global Glioblastoma Multiforme Treatment market?
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