Press release
Appendiceal Cancer Treatment Market Research Report 2024-2033: Size, Growth, Demand, Trends
Appendiceal Cancer Treatment Market Research
According to The Business Research Company's, The appendiceal cancer treatment market size has grown strongly in recent years. It will grow from $3.76 billion in 2023 to $3.98 billion in 2024 at a compound annual growth rate (CAGR) of 6.0%. The growth in the historic period can be attributed to clinical research and trials, diagnostic improvements, collaboration and multidisciplinary approaches, government initiatives and funding, awareness and education.
The appendiceal cancer treatment market size is expected to see strong growth in the next few years. It will grow to $4.88 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to immunotherapy advances, targeted therapies, genomic medicine, regulatory approvals, patient-centric care. Major trends in the forecast period include immunotherapy advancements, precision medicine and biomarker identification, combination therapies, digital health technologies, real-world evidence and data-driven decision making.
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Market Drivers and Trends:
An increase in the number of clinical trials is expected to propel the growth of the appendiceal cancer treatment market going forward. Clinical trials are upcoming human participant biomedical or behavioral research studies intended to address particular queries concerning biomedical or behavioral interventions, including novel therapies and established interventions that demand more investigation and comparison. Clinical trials play a significant role in advancing the understanding of appendiceal cancer and improving treatment options for patients with more effective and targeted approaches for managing the disease. For instance, in May 2023, according to a report shared by Xtalks, a Canada-based digital medical company, as of May 2023, there are 452,604 registered clinical trials globally on ClinicalTrials.gov, with 64,838 actively recruiting participants. This represents a significant increase from the over 365,000 registered trials reported in early 2021. Therefore, the increase in the number of clinical trials is driving the growth of the appendiceal cancer market.
Major companies operating in the appendiceal cancer treatment market are developing innovative products such as tyrosine kinase inhibitor to provide reliable services to the customers. A tyrosine kinase inhibitor (TKI) is a type of medication that blocks the activity of tyrosine kinases, which are enzymes that play a role in cell growth and division. For instance, in June 2021, Hutchmed Limited, a China-based pharmaceutical company received approval from the National Medical Products Administration (NMPA), a China-based state agency for Sulanda (surufatinib) for the treatment of advanced solid tumors and neuroendocrine tumors (NETs) such as neuroendocrine tumor. Surufatinib is a novel small-molecule multi-target tyrosine kinase inhibitor that simultaneously targets tumor angiogenesis via VEGFR1, VEGFR2, VEGFR3 (vascular endothelial growth factor receptor), and FGFR1 (fibroblast growth factor receptor 1). Through its unique mode of action, surufatinib benefits the treatment by both inhibiting angiogenesis and promoting the body's immune response against tumor cells of appendix.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
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Major Key Players of the Market:
Pfizer Inc., Roche Holding AG, F. Hoffman-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A, Bristol-Myers Squibb Company, Fresenius Kabi USA, Eli Lilly & Company, Boehringer Ingelheim International GmbH, Gilead Sciences Inc., Amgen Inc., Johnsons & Johnsons, Becton Dickinson and Company, GE HealthCare Technologies Inc., Teva Pharmaceutical Industries Ltd., AstraZeneca plc, Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Ltd., Cipla Inc., Genetech Inc., Lupin Limited, Gland Pharma Limited, Accord Healthcare Limited, ImmunoGen Inc.
Appendiceal Cancer Treatment Market 2024 Key Insights:
• The Appendiceal Cancer Treatment Market is expected to grow to $4.88 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%.
• Clinical Trials Advancements Fueling Growth In The Appendiceal Cancer Treatment Market
• Innovative Approaches In Appendiceal Cancer Treatment
• North America was the largest region in the appendiceal cancer treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the appendiceal cancer treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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