Press release
Anaplastic Astrocytoma Market to Grow from $6.27B in 2023 to $6.62B in 2024 at a 5.6% CAGR
Anaplastic Astrocytoma Market Report
The anaplastic astrocytoma market size is expected to see steady growth in the next few years. It will grow to $7.99 billion in 2028 at a compound annual growth rate (CAGR) of 4.8%. The growth in the forecast period can be attributed to increasing research and development activities, growing demand for personalized medicine, growing investments, increasing awareness of the disease, increasing stress and depression. Major trends in the forecast period include advancements in neurosurgery, radiation therapy advancements, clinical trials and research, adoption of telemedicine and remote monitoring technologies, advancements in imaging, biotechnology and drug development.
Market Overview -
Anaplastic astrocytoma is a rare, malignant brain tumor that arises from astrocytes, the supportive cells in the nervous system. Anaplastic astrocytoma can cause neurological symptoms such as headaches, seizures, changes in behavior and motor deficits that are treated with a combination of surgery, radiation therapy and chemotherapies.
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Rising Incidence Of Brain Tumors Fuels Growth In The Anaplastic Astrocytoma Market
The growing incidence of primary malignant and non-malignant brain tumors is expected to propel the growth of the anaplastic astrocytoma market. Brain tumors are growths in the brain that can be classified as either cancerous (malignant) and invasive or non-cancerous (benign) and non-invasive, with varying degrees of aggressiveness and potential to spread. The anaplastic astrocytoma treatment removes the tumor and surrounding affected tissue while preserving brain function. For instance, in March 2023, according to the American Society of Clinical Oncology (ASCO), a US-based non-profit organization, approximately 24,810 adults in the United States are expected to receive a diagnosis of primary cancerous tumors originating in the brain and spinal cord, with 14,280 cases among men and 10,530 among women. Therefore, the growing incidence of primary malignant and non-malignant brain tumors will drive the growth of the anaplastic astrocytoma market going forward.
Competitive Landscape -
Major players in the anaplastic astrocytoma market are Pfizer Inc., Hoffmann-La Roche Ltd., Merck & Co. Inc., Novartis AG, Amgen Inc., Teva Pharmaceutical Industries Ltd., Mylan N.V., Eisai Co. Ltd., Boehringer Ingelheim International GmbH, Perrigo Company PLC, Ipsen SA, Genentech Inc., Cipla Limited, Novocure Ltd., Celon Laboratories Limited, Avid Bioservices Inc., EirGen Pharma Ltd., Monteris Medical Corporation, GLS Pharma Pvt. Ltd., Tocagen Inc., Pharma's Almanac, Inovio Pharmaceuticals Inc., Isarna Therapeutics GmbH, Actiza Pharmaceutical Private Limited, Celldex Therapeutics Inc.
Innovative Approaches In The Anaplastic Astrocytoma Market Boost Enhanced Patient Outcome
Major companies operating in the anaplastic astrocytoma market are innovating novel treatment options to enhance efficacy, minimize side effects and improve patient outcomes. For instance, in June 2022, the U.S. Food and Drug Administration, a US-based federal agency, granted accelerated approval for a novel treatment combination comprising the oral drugs dabrafenib (Tafinlar) and trametinib (Mekinist) for advanced brain tumors with the BRAF V600E mutation. This approval applies to adult and pediatric patients with high- and low-grade gliomas that have progressed after prior treatment. The BRAF V600E mutation is prevalent in various glioma types, including low-grade gliomas, pleomorphic xanthoastrocytomas (PXA), gangliogliomas and pilocytic astrocytoma. The approval was based on clinical trials for the Tafinlar-Mekinist combination therapy that led to tumor shrinkage benefits for both adult and pediatric glioma patients, with a 33% response rate observed in high-grade glioma patients, a 50% response rate in low-grade glioma patients and a 25% response rate in pediatric glioma patients.
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Key Segments -
The anaplastic astrocytoma market covered in this report is segmented -
1) By Disease Type: Grade I; Grade II; Grade III; Grade IV
2) By Treatment Type: Surgery; Chemotherapy; Radiation
3) By Treatment Phase: Pre-Registration Phase; Clinical Trial Phase
4) By End-User: Hospitals And Clinics; Retail Pharmacy; Online Pharmacy
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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