PUBLISHER: The Business Research Company | PRODUCT CODE: 1414250
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414250
“Glioma Treatment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on glioma treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for glioma treatment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The glioma treatment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Glioma treatment involves interventions aimed at reducing symptoms, controlling and removing tumors, and mitigating long-term damage to the brain or spinal cord. These treatments are crucial for eliminating any remaining glioma cells post-surgery.
Glioma treatment encompasses two main types, low-grade and high-grade. Low-grade gliomas are tumors that develop in the brain and typically exhibit slow growth. Diseases such as glioblastoma multiforme, anaplastic astrocytoma, anaplastic oligodendroglioma, and others are addressed through various routes of administration, including oral and parenteral methods. These conditions can be treated with diverse surgeries, including radiation therapy, chemotherapy, targeted drug therapy, and others. The end users of glioma treatment include hospitals, specialty clinics, and other healthcare facilities.
The glioma treatment market research report is one of a series of new reports from The Business Research Company that provides glioma treatment market statistics, including glioma treatment industry global market size, regional shares, competitors with a glioma treatment market share, detailed glioma treatment market segments, market trends and opportunities, and any further data you may need to thrive in the glioma treatment industry. This glioma treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The glioma treatment market size has grown strongly in recent years. It will grow from $4.7 billion in 2023 to $5.03 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. The growth observed in the historical period can be ascribed to an increased incidence of gliomas, advancements in molecular understanding, the evolution of standard therapies, progress in clinical trials and research, and enhancements in imaging and diagnostic techniques.
The glioma treatment market size is expected to see strong growth in the next few years. It will grow to $6.4 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The anticipated growth in the forecast period can be ascribed to personalized therapies and biomarker discovery, advancements in immunotherapy, integration of targeted therapies, the emergence of novel therapeutic platforms, and collaborative research initiatives. Key trends expected in the forecast period include the development of blood-brain barrier-penetrating agents, the use of liquid biopsy for monitoring, an emphasis on the quality of life and supportive care, genetic and molecular subtyping, as well as increased patient advocacy and involvement.
The anticipated increase in the incidence of brain and CNS tumors is expected to drive the growth of the glioma treatment market. Brain and spinal cord tumors are abnormal masses in the brain or central nervous system. Glioma treatment is utilized in the management of brain and spinal cord cancer to eliminate any residual cancer cells or portions of the tumor post-surgery. For instance, as of August 2021, the American Cancer Society reported an estimated 83,570 cases, including 24,530 malignant tumors and 59,040 nonmalignant tumors, with 18,600 deaths from brain and other CNS cancers in the United States for the year 2021. Hence, the increasing incidence of brain and spinal cord tumors is a key driver for the growth of the glioma treatment market.
The growing demand for personalized medicine is set to propel the glioma treatment market's expansion. Personalized medicine, also known as precision medicine, represents a novel medical approach that tailors disease prevention, diagnosis, and treatment to the individual characteristics of each patient. This approach is particularly impactful in glioma treatment, shifting from a disease-centric focus to precise targeting based on unique patient characteristics. By customizing treatments to the molecular and genetic features of each patient's tumor, personalized medicine aims to enhance survival rates and maximize therapy effectiveness. For example, as of October 2022, the Personalized Medicine Coalition (PMC) projected that over 75,000 genetic testing products and 300 personalized medicines would be available for individuals with various cancers, genetic rare diseases, and a range of chronic and infectious conditions. Consequently, the rising demand for personalized medicine is a significant driver for the glioma treatment market's growth.
Innovation in product development stands out as a prominent trend in the glioma treatment market. Major players in the glioma treatment sector are incorporating novel and innovative products as part of their strategies to maintain a competitive position. An illustrative example is Daiichi Sankyo Company Limited, a Japanese pharmaceutical company, which introduced Delytact in November 2021. Delytact is a pioneering oncolytic virus therapy designed to combat brain cancer. This therapy utilizes a cancer-fighting virus with a viral genome featuring three triple mutations, enhancing selective replication in cancer cells and contributing to the treatment of malignant glioma.
Prominent companies in the glioma treatment market are concentrating on the introduction of advanced targeted therapy solutions, particularly combination medicines, to gain a competitive advantage. Combination medicines aim to offer a more effective and convenient treatment option for patients dealing with complex medical conditions such as glioma. For instance, in May 2023, Novartis AG, a Swiss pharmaceutical corporation, received approval from the U.S. Food and Drug Administration (FDA) for Tafinlar (dabrafenib) + Mekinist (trametinib) for the treatment of pediatric patients (at least one year old) with low-grade gliomas (LGGs) harboring a BRAF V600E mutation and requiring systemic therapy. This approval marks the first combination targeted medication endorsed for the treatment of BRAF V600E LGG in pediatric patients, offering a potential new standard of care therapy option. Pediatric LGG is the most prevalent type of pediatric brain cancer, with BRAF V600 mutations present in 15-25% of cases, associated with poor survival outcomes and less favorable responses to chemotherapy.
In February 2023, Kite, a global biopharmaceutical company based in the U.S., completed the acquisition of Tmunity Therapeutics for an undisclosed amount. This strategic move enhances Kite's internal capabilities in cell therapy research by incorporating additional pipeline assets. The acquisition provides access to pre-clinical and clinical programs, including an 'armored' CAR T technology platform, with the potential to enhance the anti-tumor activity of various CAR-Ts. Tmunity Therapeutics Inc., the acquired company, focuses on developing innovative products for the treatment of diffuse intrinsic pontine glioma.
Major companies operating in the glioma treatment market report are Merck & Co Inc., Amgen Inc., F Hoffmann-La Roche AG, Pfizer Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Arbor Pharmaceuticals LLC, Amneal Pharmaceuticals Inc., Karyopharm Therapeutics Inc., Bristol-Myers Squibb Co., Rigel Pharmaceuticals Inc., Sumitomo Dainippon Pharma Oncology Inc., Thermo Fisher Scientific Inc., Emcure Pharmaceuticals Ltd., Sigma-Aldrich Co., Novartis AG, AstraZeneca plc, Eli Lilly and Company, Sanofi S.A., Johnson & Johnson, AbbVie Inc., Takeda Pharmaceutical Company Limited, GlaxoSmithKline plc, Bayer AG, Gilead Sciences Inc., Ipsen Pharma, Eisai Co. Ltd., Genentech Inc., Iovance Biotherapeutics Inc., Agios Pharmaceuticals Inc.
North America was the largest region in the glioma treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global glioma treatment market report during the forecast period. The regions covered in the glioma treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the glioma treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The glioma treatment market includes revenues earned by entities by cerebral spinal fluid diversion, internal radiation therapy, and targeted therapy. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.