Neuroendocrine Tumor Treatment Market: Opportunities, Strategies, and Growth Analysis 2024-2033 - Outlook, Overview

"The new report published by The Business Research Company, titled Neuroendocrine Tumor Treatment Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the neuroendocrine tumor treatment market size has grown rapidly in recent years. It will grow from $1.94 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The neuroendocrine tumor treatment market size is expected to see rapid growth in the next few years. It will grow to $3.19 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%.

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Rising Neuroendocrine Tumors Fuel Treatment Market Growth
The growing prevalence of neuroendocrine tumors is expected to propel the growth of the neuroendocrine tumor treatment market going forward. Neuroendocrine tumors (NETs) are a type of rare tumor that originates from neuroendocrine cells. Neuroendocrine tumor treatment is an essential process for curing neuroendocrine tumors and is used to control symptoms, control tumor growth, and use radiation therapy to kill tumor cells. For instance, in March 2023, according to the reports shared by the American Society of Clinical Oncology (ASCO), a US-based professional organization, more than 12,000 people in the US are diagnosed with neuroendocrine tumors each year, and approximately 171,000 people are living with this diagnosis in 2023. Furthermore, in August 2022, according to Cancer Australia, an Australia-based cancer control agency, in Australia, 5,437 people were diagnosed with neuroendocrine tumors in 2022, which is 3.4% of all new cases diagnosed in 2022. Therefore, the growing prevalence of neuroendocrine tumors is driving the growth of the neuroendocrine tumor treatment market.

Clinical Trials Fuel Innovation In Neuroendocrine Tumor Treatment
Clinical drug development for treatment is a key trend gaining popularity in the neuroendocrine tumor treatment market. Major companies operating in the neuroendocrine tumor treatment market are developing innovative therapies to sustain their position in the market. For instance, in October 2022, Viewpoint Molecular Targeting, Inc., a US-based pharmaceutical company, announced that the U.S. Food and Drug Administration (FDA), a US-based federal agency, has granted fast-track designation for the development of [212Pb] VMT-α-NET for the treatment of patients with SSTR2-positive unresectable or metastatic neuroendocrine tumors (NETs). VMT-α-NET is a targeted alpha-particle therapy (TAT) designed to kill cancer cells that selectively express somatostatin receptors. The FDA's fast-track designation is intended to expedite the development and review of [212Pb] VMT-α-NET for treating NETs. This designation is given to drugs that have the potential to provide a significant improvement in the safety or effectiveness of treatment for a severe condition.

The neuroendocrine tumor treatment market covered in this report is segmented -

1) By Product: Somatostatin Analogs (SSAs), Targeted Therapy, Chemotherapy, Others Products
2) By Indication: Lungs, Pancreas, Gastrointestinal, Others Indications
3) By End-Users: Hospitals, Oncology Centers, Other End-Users

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Major companies operating in the neuroendocrine tumor treatment market report are Pfizer Inc., F Hoffmann-La Roche AG, Abbvie Inc., Novartis AG, Sanofi SA, Bristol-Myers Squibb Company, Thermo Fisher Scientific Inc., AstraZeneca, GlaxoSmithKline PLC, Takeda Pharmaceutical, Eli Lilly And Company, Amgen Inc., Merck & Co. Inc., Boehringer Ingelheim International GmbH, Servier, Teva Pharmaceutical Industries Ltd., Ipsen Pharma SAS, Exelixis Inc., Advanced Accelerator Applications SA, Hutchison Medipharma Ltd., Dauntless Pharmaceuticals Inc., Tarveda Therapeutics, GlycoMira Therapeutics Inc, AVEO Pharmaceuticals Inc., Progenics Pharmaceuticals Inc., Callisto Pharmaceuticals Pvt Ltd., Chiasma Inc.

Contents of the report:
1. Executive Summary
2. Neuroendocrine Tumor Treatment Market Report Structure
3. Neuroendocrine Tumor Treatment Market Trends And Strategies
4. Neuroendocrine Tumor Treatment Market - Macro Economic Scenario
5. Neuroendocrine Tumor Treatment Market Size And Growth
…..
27. Neuroendocrine Tumor Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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