Increasing Prevalence of malignant glioma is a key factor driving the adult malignant glioma therapeutics market, says Fortune Business Insights in a report, titled “Adult Malignant Glioma Therapeutics Market Size, Share and Industry Analysis Product By Therapy (Chemotherapy, Radiotherapy, Targeted therapy) By Disease (Glioblastoma Multiforme, Anaplastic Astrocytoma, Anaplastic Oligodendroglioma) By End User, and Regional Forecast 2019-2026.” The global adult malignant glioma therapeutics market size was valued at USD 1,459.1 Million in 2018, is projected to reach USD 2,964.5 Million by the end of 2026, exhibiting a CAGR of 9.3%.
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According to the report, the increasing cases of brain tumors around the world is expected to fuel demand for adult malignant glioma therapeutics. As per, atlasgeneticsoncology.org, gliomas account for 70% of all the brain tumors. Out of which, 65% of were glioblastoma. It also states, around 3% of glioblastoma patients were still alive after 5 years of diagnosis, higher age being the most significant predictor of poor outcome. In addition, during 1992-1997 in the United States, the incidence rate per 100,000 people per year adjusted to 2000 and the incidence rates in Zurich, Switzerland in 1980-1994.
Some of Prominent Companies Operating In Market Are:
- Merck & Co., Inc.
- Hoffmann-La Roche Ltd
- Arbor Pharmaceuticals
- Pfizer Inc.
- AbbVie Inc.
- Amgen Inc.
- Bristol-Myers Squibb Company
- Sun Pharmaceutical Industries Ltd.
- Teva Pharmaceutical Industries Ltd
For more information in the analysis of this report, visit: https://www.fortunebusinessinsights.com/industry-reports/adult-malignant-glioma-therapeutics-market-100572
Government Regulatory Policies Will Favor Growth
The increasing advancements in imaging technologies have led to early detection of the disease. This factor is expected to accelerate the growth of the market. The regulatory policies and government support for the development of novel therapies is likely to boost the market growth. The increasing R&D investment by key players for the development of glioma therapies will create growth opportunities for the market. Furthermore, the targeted therapies segment is predicted to account for high shares during the forecast period owing to the advancement in drug development which, results in the successful applications of targeted therapies to improve the survival rate.
Targeted therapies are commonly used in the treatment of gliomas such as EGFR-targeted therapies, which target the tyrosine kinases receptors and others. In terms of end-user, the hospital segment will account for maximum shares during the forecast period owing to the increasing patient population and high hospital admissions
- Hoffmann-La Roche Ltd and Merck & Co., Inc. Will Contribute Positively To the Market
Merck & Co., Inc.’s an American multinational pharmaceutical company. One of the leading products of the company is named temodar and internationally as temodal. The company has a well-established footprint across the major markets. Moreover, its strategies to expand in the emerging economies are making the company leader in the glioma therapeutics. F. Hoffmann-La Roche Ltd dominates the adult malignant glioma therapeutics market with its leading product Avastin, approved for the treatment of malignant glioma due to strong clinical pieces of evidence supporting treatment merits.
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