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Sarcoma Drugs Market Report 2024 - Sarcoma Drugs Market Growth, Trends, And Forecast
Sarcoma Drugs Market
According to The Business Research Company's, The sarcoma drugs market size has grown strongly in recent years. It will grow from $1.28 billion in 2023 to $1.39 billion in 2024 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to healthcare infrastructure, treatment guidelines, patient advocacy groups, improved diagnosis methods, increased disease awareness.
The sarcoma drugs market size is expected to see strong growth in the next few years. It will grow to $1.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The growth in the forecast period can be attributed to demand for novel therapies, healthcare investment, precision medicine, clinical trials and discoveries, research and development. Major trends in the forecast period include immunotherapy advancements, combination therapies, early diagnosis initiatives, biomarker research, patient-centric approach.
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Market Drivers and Trends:
The rising cases of soft tissue sarcoma is expected to propel the sarcoma drugs market going forward. Soft tissue sarcoma is a cancer that start in the soft tissues of the body such as muscles, fat, tendons, lymph and nerves. Sarcoma drugs are used in the healthcare industry for the treatment of bone and soft tissue sarcoma by attacking cancer cells and dividing the cells. For instance, in January 2023, according to a report published by American Cancer Society, a US-based cancer fighting organization, in the US about 13,400 new soft tissue sarcomas will be diagnosed and around 5140 people are expected to die of soft tissue sarcomas in 2023.Therefore, the rising cases of soft tissue sarcoma is driving the growth of the sarcoma drugs market.
Development of new and innovative therapies have emerged as the key trend gaining popularity in the sarcoma drugs market. Major companies operating in the sarcoma drugs market are developing new and innovative therapy to strengthen their positing in the market. For instance, in November 2021, Aadi Bioscience, a US-based biopharmaceutical company, introduced Fyarro a new cancer med for the treatment for an ultrarare and aggressive form of sarcoma. Fyarro is a sirolimus protein bound particles that can be used as an injectable suspension in adults with advanced perivascular epithelioid cell tumor (PEComa). According to the chief operating office of Aadi Bioscience, Fyarro will become a standard care for patients with PEComa.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• 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:
Amgen Inc.; Bayer AG; Eisai Co. Ltd.; Eli Lilly and Company; GlaxoSmithKline plc; F. Hoffmann-La Roche Ltd.; Johnson & Johnson Services Inc.; Novartis AG; Pfizer Inc.; AgonOX Inc.; Daiichi Sankyo Company Limited; Merck & Co. Inc.; Abbott Laboratories; AbbVie Inc.; Amneal Pharmaceuticals LLC; Pharma Mar SA; Bristol-Myers Squibb Company; Fresenius Kabi AG; Ipsen SA; Radiopharm Theranostics; Baxter Healthcare Corporation; Akeso Biopharma; AstraZeneca plc; BeiGene Ltd.; Bausch Health Companies Inc.; Celgene Corporation; Shenzhen Chipscreen Biosciences Co. Ltd.; Teva Pharmaceuticals Industries Ltd.; Monopar Therapeutics Inc.; Incyte Corporation; Sanofi SA; Takeda Pharmaceutical Company Limited; Roche Holding AG
Sarcoma Drugs Market 2024 Key Insights:
• The sarcoma drugs market will grow to $1.97 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%.
• Surging Soft Tissue Sarcoma Cases Ignite Growth In The Sarcoma Drugs Market
• Innovative Therapies Paving The Way Through Focus On New Developments In The Sarcoma Drugs Market
• North America was the largest region in the sarcoma drugs market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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