Bone Cancer Market Demand 2018: Mergers, Acquisitions to be the key driving forces | boost at CAGR of 7.8% by 2022

This report provides in-depth qualitative and overall analysis of the” Bone Cancer Market” on a regional level from 2018 to 2022. The study also provides a comprehensive review of restraints, Market Dynamics, drivers and opportunities along with their impact on the overall market. The report segments the Industry and Key developments and strategies for key players.

Global Bone Cancer Market - Overview

Bone cancer occurs due to uncontrollablethe growth of bone tissue. Bone cancer is subdivided in two parts primary bone cancer and secondary bone cancer. Primary bone cancer being the most dangerous starts from the cell of the bone itself whereas secondary bone cancer arise through other cancers that eventually reach the bone. Bone cancer is treated by various oncologists like surgical oncologists, or orthopaedic oncologists. The key drivers for global bone cancer market are growing prevalence of the bone cancer around the globe, the initiative taken by the government to increase the awareness of bone cancer market, the technological advancements, and increase in medical infrastructures across the globe. However the rising R&D costs, the diagnosis and treatment cost are restraining the growth of the global bone cancer market.

The bone cancer market will experience an exponential growth during the forecast period of 2017-2022.

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Key Players for Bone Cancer Market:     

Some of the prominent players in this market are: AstraZeneca plc. (U.K), Amgen, Inc. (U.S.) , Actavis plc. (U.S.), Bristol-Myers Squibb (U.S.), Celgene Corporation (U.S.), Eli Lilly and Co.(U.S.), F. Hoffmann-La Roche (Switzerland), GlaxoSmithKline plc.(U.K), Novartis International AG (Switzerland), Pfizer Inc.(U.S.), Sanofi S.A. (France) and others. 

Global Bone Cancer Market - Competitive Analysis

Due to large number of end users there are many companies attracted towards the bone cancer market. A large number of companies are innovating drugs, instruments and many more to treat the diseases. Bone cancer market have also seen quite a number of mergers, strategic alliances to surge in the competitive market.

For instance, Amgen Inc. one of the key players and world’s leading biotechnology company are discovering new medicines for patients with serious illness. In April 2018, Amgen got its approval for expansion of cancer drug. Xgeva was made available for the patients with multiple myeloma. Amgen’s Xgeva is drug that prevents bone destruction, the drug enable the calcium transfer from bone tissue breakdown to the blood. Amgen is currently seeking worldwide approval for Xgeva.

Targeted treatment for this disease is unavailable. Therefore the companies are now focusing on new targeted treatment methods for bone cancer in the sector has provided for companies to penetrate into market. Companies are also researching for the new ways to reduce the cost which eventually will decrease the price of the treatments and also innovating new treatments and drugs which have lesser side effects on the patients. In order to achieve the desired goals and to survive in the competition in the bone cancer market, companies are innovating new products and also acquiring new strategies, such as mergers acquisitions partnerships among others for further growth in the market.

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In September 2016: Dr. Reddy’s Laboratories (DRL) expanded strategic collaboration with Amgen in order to market and distribute Xgeva, in India. Xgeva is approved in India to prevent the skeletal related events in patients with advanced diseases involving the bone. This will help the company to strengthen its position in bone cancer market at domestic level.

In October 2017, Novartis acquired Advanced Accelerator Applications SA for USD 3.9 billion. The acquisition boosted Novartis in oncology (treatment of tumours). Through this acquisition Novartis will gain a potential pattern therapy in Luthatera in neurodocrine tumor treatment as well the R&D of Advanced Accelerator Applications will add in Novartis portfolio.

Global Bone Cancer Market   - Regional Analysis

The American region leads the worldwide bone tumour market with high patient populace experiencing bone growth. As indicated by American Cancer Society (ACS), in 2017, an expected 3,260 individuals of all ages (1,820 men and boys and 1,440 women and girls) in the United States were determined to have essential bone growth. Around 400 to 1,000 new instances of osteosarcoma are diagnosed every year in the United States and a comparative rate of osteosarcoma has been accounted for in Europe. Osteosarcoma represents around 3-5% of adolescent growths. In this way developing frequency of bone tumour coupled with developing government activities for bone disease awareness, and maturing population universally are foreseen to drive the market of worldwide bone cancer.

Osteosarcoma is a rare tumour, yet around 800 to 900 new instances of osteosarcoma are analyzed in the United States, yearly. Around half are accounted for in kids and teenagers. The treatment choices for these patients are limited. Additionally, the symptoms of accessible treatment alternatives frequently are critical and may show adverse effects on different organs of body. Also, cancer treatment cost is expected to grow 6% to 9%, every year, amid forecast period. Inaccessibility of effective treatment and symptoms of cancer medicates alongside increasing expense of bone tumour is probably going to 0obstruct the development of worldwide bone disease showcase.

According to report Europe accounts the second largest market for bone cancer followed by Asia Pacific, the third largest market for bone cancer. The Middle East and Africa has the least market share of the overall industry because of the absence of accessibility of advanced healthcare services, lack of awareness among individuals, and financial conditions of the poor countries in Africa area.

TOC of Bone Cancer Market:

1 Report Prologue

2 Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5 Market Factor Analysis

CONTINUED….

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