PUBLISHER: Market Research Future | PRODUCT CODE: 1732706
PUBLISHER: Market Research Future | PRODUCT CODE: 1732706
Global Soft Tissue Sarcoma Market Research Report Information By Diagnosis (Biopsy, Ultrasound Scan, Magnetic Resonance Imaging (MRI), and others), By Treatment (Targeted Therapy, Chemotherapy, Anti-Angiogenesis Drugs, Radiation Therapy, and Surgery) By End Use (Hospitals and Clinics, Cancer Research Centers, and Others), And By Region (North America, Europe, Asia-Pacific, And Rest of the World) Industry Forecast Till 2032
The market size for soft tissue sarcoma was estimated at USD 3,248.52 million in 2023 and is expected to reach USD 6,204.02 million by 2032, with a compound yearly growth rate (CAGR) of 7.67% from 2024 to 2032. The main market drivers boosting market growth include things like the introduction of new products, a rise in the usage of more recent treatments, and a wider target demographic.
The launch of new goods, the broad use of cutting-edge medications, and the broadening of the target market are important factors propelling market progress. The development of new treatments is one of the main factors driving the soft tissue sarcoma market. Innovative medications and treatments for soft tissue sarcoma have become incredibly available in the last ten years. The increased treatment options and improved efficacy made possible by these innovative medications are advantageous to both patients and physicians.
Perspectives on Market Segments
The global soft tissue sarcoma market has been divided into four segments based on type: angiosarcoma, gut stromal tumor (GIST), epithelioid sarcoma, and others. The Gastrointestinal Stromal Tumor (GIST) segment is the one with the quickest rate of growth during the projection period, while the Angiosarcoma segment had the largest market in 2023.
The global soft tissue sarcoma market has been divided into two segments based on diagnosis and treatment. In 2023, the Diagnostic segment dominated the market, and throughout the forecast period, the Treatment sector is expanding at the quickest rate. The diagnosis is further divided into magnetic resonance imaging (MRI), ultrasound scanning, biopsy, and additional procedures like X-rays and PET scans. Treatment was further divided into surgery, radiation therapy, chemotherapy, anti-angiogenic medications, and targeted therapy.
The global soft tissue sarcoma market has been divided into many segments, including cancer research centers and hospitals and clinics, based on the end user. During the projected period, the Hospitals and Clinics category is expected to grow at the quickest rate and hold the largest market in 2023.
Regional Perspectives
North America, Europe, Asia-Pacific, and the Rest of the World are the regions for which the study offers market information. In 2022, the soft tissue sarcoma market was dominated by North America, Europe, and Asia-Pacific. The high incidence of soft tissue sarcoma in North America and Europe, together with the existence of contemporary medical facilities and research and development activities in these areas, are the causes of this.
The second-largest shareholder in the global market for soft tissue sarcoma is the European market. In December 2021, Tazverik (tazemetostat) received conditional marketing authorization from the European Medicines Agency (EMA) to treat adult epithelioid sarcoma.
Additionally, throughout the course of the forecast period, the Asia Pacific Soft Tissue Sarcoma market is anticipated to expand at the quickest compound annual growth rate (CAGR). In September 2021, Ayvakit (avapritinib) was authorized by the China National Medical Products Administration (NMPA) to treat gastrointestinal stromal tumors (GIST), a type of soft tissue sarcoma, that are incurable or metastatic.
Major players in the soft tissue sarcoma market are Johnson & Johnson Services Inc. (U.S.), Bristol-Myers Squibb (U.S.), F. Hoffmann-La Roche AG (Genentech) (Switzerland), Eli Lilly and Company (U.S.), Pfizer Inc. (U.S.), and GlaxoSmithKline plc (U.K.).