Press release
Soft Tissue Sarcoma Market Report 2024-2033: Global Outlook, Growing Demand, Rising Trends And Major Players
Soft Tissue Sarcoma Market
The soft tissue sarcoma market size is expected to see strong growth in the next few years. It will grow to $4.3 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to development of targeted therapies for soft tissue sarcoma, increasing focus on personalized medicine, expansion of clinical trials for sarcoma treatments, growing awareness and early detection initiatives,. Major trends in the forecast period include integration of immunotherapy in soft tissue sarcoma treatment, development of combination therapies, emphasis on patient-centric care models, rise in the use of liquid biopsies, advances in sarcoma genomics.
Market Overview -
Soft tissue sarcoma refers to a disease where cancer cells form in the soft tissues of the body which can be diagnosed through biopsy techniques. It is commonly caused in tissues including blood arteries, muscle, neurons, and fat.
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Surge In Cancer Incidence Driving Soft Tissue Sarcoma Market Growth
The surge in cancer incidence is expected to propel the growth of the soft tissue sarcoma market going forward. Cancer is a broad category of illnesses that can develop in any organ or tissue in the body when aberrant cells proliferate uncontrollably, cross their usual boundaries, and either spread to other organs or invade neighboring body parts. The rise in cancer incidence increases the need for diagnostic procedures, therapeutic regimens, and supportive care choices to meet the unique requirements of patients with several types of cancer or sarcoma, which boosts the market for soft tissue sarcomas. For instance, in 2021, According to the American cancer society, 1.8 million new cancer cases diagnosed in 2020. Furthermore, according to September 2020 data published by the National Cancer Institute, a US-based government agency part of the National Institutes of Health, 1,806,590 new cancer cases were recorded, indicating that 43% of all cancer diagnosed in men in the United States in 2020, up from 1,752,735 in the previous year, i.e., 2019. Therefore, the surge in cancer incidence is driving the growth of the soft tissue sarcoma market.
Competitive Landscape -
Major companies operating in the soft tissue sarcoma market report are Pfizer Inc., Johnson & Johnson, Roche Holding AG, F. Hoffmann-La Roche Ltd., AbbVie Inc., Bayer AG, Novartis AG, Sanofi SA, Bristol Myers Squibb, AstraZeneca plc, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Merck & Co. Inc., Amgen Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., Astellas Pharma Inc., Daiichi Sankyo Company Limited, Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Limited, Dr. Reddy's Laboratories Ltd., Lupin Ltd., Philogen S.p.A., Taiho Pharmaceutical Co.Ltd., Nanobiotix S.A.
Product Innovation Driving Advancements In Soft Tissue Sarcoma Market
Product innovation has emerged as a key trend gaining popularity in the soft tissue sarcoma market. Major companies operating in the soft tissue sarcoma market are concentrating on creating innovative products to strengthen their position in the market. For instance, In November 2023, Mercy, a US-based not-for-profit Catholic health care organization, introduced an innovative AI-driven texting program called The Chen Chemotherapy Model to proactively prevent hospitalizations related to chemotherapy. This program utilizes a smart texting platform that sends daily messages to chemotherapy patients seven days a week, excluding weekends and holidays. The texts present a list of symptoms, including diarrhea, pain, fever, fatigue, nausea or vomiting, or no symptoms. Patients can select and rate their symptoms, and based on their responses, the information may be escalated to their healthcare provider. The goal is to identify potential issues early and intervene before symptoms worsen, demonstrating Mercy's commitment to leveraging technology for improved patient care in the field of chemotherapy.
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Key Segments -
The soft tissue sarcoma market covered in this report is segmented -
1) By Treatment: Targeted Therapy, Chemotherapy, Anti-Angiogenesis Drugs, Radiation Therapy, Other Treatments
2) By Route of Administration: Oral, Parenteral, Other Route of Administrations
3) By End-Users: Hospitals, Homecare, Specialty Centers, Other End-Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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