Glioblastoma Multiforme Treatment Market Size 2024, Share, Upcoming Trends, Demand, Scope, Revenue, Challenges, Opportunities and Forecast 2032: SPER Market Research
Grade IV astrocytoma, or glioblastoma multiforme, is a malignant grade IV brain tumour that spreads quickly within brain cells and can potentially infect neighbouring cells. Rapid cell degeneration, which is one of its defining characteristics, puts enormous strain on the brain, causing excruciating headaches and seizures. While the precise etiology of the diseases remains unclear, several factors, including Turcot syndrome, are thought to be involved. This form of brain cancer is highly fatal and exhibits resistance to therapy, meaning that the patient’s survival time after diagnosis is incredibly short. Radiation, chemotherapy, and surgical excision are the current methods of treating the illness. It is a brain cancer that can be fatal in six months or less if left untreated, therefore getting professional neuro-oncological and neurosurgical care right away is crucial.
According to SPER Market Research, ‘Glioblastoma Multiforme Treatment Market Size- By Drug Class, By Treatment, By End Use – Regional Outlook, Competitive Strategies and Segment Forecasts to 2032’ states that the Glioblastoma Multiforme Treatment Market is estimated to reach USD 6.05 billion by 2032 with a CAGR of 9.04%.
The world’s aging population and the rising incidence of cancer-related illnesses are two major drivers propelling the market’s expansion. Additionally, the creation of cutting-edge therapeutic approaches that combat the resistant qualities of glioma stem cells is also favourably impacting the market expansion. The creation of numerous biological treatments has also been aided by an increase in research and development (R&D) efforts in molecular biotechnology and gene therapy for cancer and associated disorders. These medications help patients embrace existing treatment options more widely by reducing their adverse effects. In addition, global government activities aimed at enhancing healthcare infrastructure and growing public knowledge of the availability of diverse therapies are anticipated to foster a favourable market outlook.
High-tech instruments are used in glioblastoma multiforme diagnostic examinations. The emerging player must do thorough research and development in order to produce such items. As a result, the product’s high cost keeps rising, which drives up testing expenses accordingly. Radiation treatment and chemotherapy are two of the diagnostic methods and instruments used to diagnose glioblastoma multiforme. GBM often presents with few or no symptoms in its early stages, which means that it is often discovered at an advanced stage with a bad prognosis. Thus, one of the main factors impeding the growth of the worldwide market for glioblastoma multiforme therapy is the high cost of treating the disease utilizing modern techniques and technological items.
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The global market for glioma treatments has suffered as a result of COVID-19. During the COVID-19 pandemic, many ICU resources including ventilators, PPE, and medical personnel were diverted to COVID-19 cases, leading to the cessation of surgical neuro-oncology treatments. During the pandemic, there was instability in the provision of sufficient medical treatment to cancer patients who were in critical condition. In addition, people with glioblastoma appear to be susceptible to the COVID-19 virus, which has caused surgery and therapy to be delayed. Thus, the worldwide market for glioma therapy has a significant influence on the market. Furthermore, patients with glioblastoma are more vulnerable to the COVID-19 virus, which is why treatments and procedures had to be cancelled.
The largest market share for Glioblastoma Multiforme Treatment Market is held by North America due to a strong healthcare infrastructure and a focus on research and development. Amgen Inc., Amneal Pharmaceuticals, Karyopharm Therapeutics, F. Hoffmann-La Roche Ltd. and Sun Pharmaceutical Industries Ltd. are some of the major names in the market.
Glioblastoma Multiforme Treatment Market Segmentation:
By Drug Class: Based on the Drug Class, Global Glioblastoma Multiforme Treatment Market is segmented as; Bevacizumab, Carmustine Wafers, Lomustine, Temozolomide, Others.
By Treatment: Based on the Treatment, Global Glioblastoma Multiforme Treatment Market is segmented as; Chemotherapy, Immunotherapy, Radiation Therapy, Surgery, Targeted Therapy, Tumor Treating Field (TTF) Therapy.
By End Use: Based on the End Use, Global Glioblastoma Multiforme Treatment Market is segmented as; Ambulatory Surgical Centres, Clinics, Hospitals.
By Region: North America accounted for the largest percentage in recent years.
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Glioblastoma Multiforme Treatment Market Forecast
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