Press release
Anaplastic Astrocytoma Market Poised for 7 % Growth, Set to Hit $0.62 Billion by 2029
Anaplastic Astrocytoma Market
The increasing occurrence of both malignant and benign brain tumors is anticipated to boost the anaplastic astrocytoma market's expansion. These tumors in the brain may either be malignant and intrusive, or benign and non-intrusive and can vary significantly in aggressiveness and potential for spreading. The objective of an anaplastic astrocytoma treatment is to eliminate the tumor and impacted surrounding tissue while preserving the functioning of the brain. As per the information by the American Society of Clinical Oncology (ASCO), a non-profit entity in the United States, approximately 24,810 adults in the US are projected to be diagnosed with primary cancerous tumors in the brain and spinal cord in March 2023. Among these, 14,280 will be men and 10,530 will be women. Hence, the rising occurrence of malignant and benign brain tumors is expected to catalyze the anaplastic astrocytoma market's development. Anaplastic Astrocytoma Market Driver: Government Funding Accelerates Growth In Anaplastic Astrocytoma Market
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What growth opportunities are expected to drive the anaplastic astrocytoma market's CAGR through 2034?
In recent times, there has been a substantial expansion in the anaplastic astrocytoma market size. The market, which is expected to increase from $0.44 billion in 2024 to $0.47 billion in 2025, is predicted to exhibit a compound annual growth rate (CAGR) of 7.8%. The upsurge during the historical timeframe is credited to a surge in the embrace of targeted therapies, patient campaigning and knowledge, enhancement of clinical trials, health policy and financing, as well as government endeavors.
The market size for anaplastic astrocytoma is projected to undergo considerable growth in the upcoming years, reaching $0.62 billion by 2029 at a compound annual growth rate (CAGR) of 7.0%. The upward trajectory during the forecast period is linked to a rise in research and development initiatives, increased interest in personalized medicine, amplification of financial investments, heightened disease awareness, and a surge in stress and depression. Noteworthy trends for the forecast period incorporate progression in neurosurgery, advances in radiation therapy, clinical studies and research, telemedicine adoption and remote monitoring technologies, enhancements in imaging as well as progress in biotechnology and drug discovery.
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How are the latest trends influencing the growth of the anaplastic astrocytoma market?
Leading firms in the anaplastic astrocytoma market are focusing on creating new treatment approaches to increase effectiveness, reduce adverse effects, and improve results for patients. For example, in June 2022, the U.S. Food and Drug Administration, an American federal agency, gave rapid authorization for a new treatment combination that includes the oral medications dabrafenib (Tafinlar) and trametinib (Mekinist) for advanced brain cancers with the BRAF V600E mutation. This approval covers both adult and pediatric patients with high- and low-grade gliomas that have worsened following previous treatment. The BRAF V600E mutation is common in several types of glioma, such as low-grade gliomas, pleomorphic xanthoastrocytomas (PXA), gangliogliomas, and pilocytic astrocytoma. Clinical trials of the Tafinlar-Mekinist combined treatment led to tumor reduction benefits for both adult and pediatric glioma patients, with a 33% response rate noted in high-grade glioma patients, a 50% response rate in low-grade glioma patients, and a 25% response rate in pediatric glioma patients.
Which growth-oriented segments of the anaplastic astrocytoma market are leading the industry's development?
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
Subsegments:
1) By Grade I: Pilocytic Astrocytoma
2) By Grade II: Diffuse Astrocytoma, Oligodendroglioma
3) By Grade III: Anaplastic Astrocytoma, Anaplastic Oligodendroglioma
4) By Grade IV: Glioblastoma Multiforme (GBM), Primary Glioblastoma, Secondary Glioblastoma
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What regions are leading the charge in the anaplastic astrocytoma market?
North America was the largest region in the anaplastic astrocytoma market in 2024. 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.
What companies are at the forefront of innovation in the anaplastic astrocytoma market?
Major companies operating 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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What Is Covered In The Anaplastic Astrocytoma Global Market Report?
• Market Size Forecast: Examine the anaplastic astrocytoma market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the anaplastic astrocytoma market for a structured understanding.
• Key Players Overview: Analyze major players in the anaplastic astrocytoma market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the anaplastic astrocytoma market.
• Segment Contributions: Evaluate how different segments drive overall growth in the anaplastic astrocytoma market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the anaplastic astrocytoma market.
• Industry Challenges: Identify potential risks and obstacles affecting the anaplastic astrocytoma market.
• Competitive Landscape: Review strategic developments in the anaplastic astrocytoma market, including expansions, agreements, and new product launches.
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