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Anaplastic Astrocytoma Market Report: Size, Share, Trend, Segmentation And Forecast To 2033
Anaplastic Astrocytoma Market
Anaplastic Astrocytoma Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $7.99 billion In 2028 At A CAGR Of 4.8% :
The anaplastic astrocytoma market size has grown strongly in recent years. It will grow from $6.27 billion in 2023 to $6.62 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to growing adoption of targeted therapies, patient advocacy and awareness, clinical trial expansion, healthcare policy and funding, government initiatives.
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.
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Anaplastic Astrocytoma Market Major 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 Driver - 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.
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Prominent Trend - 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.
Anaplastic Astrocytoma Market Players
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.
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Largest And Fastest Growing Region In The Market
North America was the largest region in the anaplastic astrocytoma market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in anaplastic astrocytoma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Anaplastic Astrocytoma Market Report Structure
3. Anaplastic Astrocytoma Market Trends And Strategies
4. Anaplastic Astrocytoma Market - Macro Economic Scenario
5. Anaplastic Astrocytoma Market Size And Growth
…..
27. Anaplastic Astrocytoma Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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