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What Is The Leading Driver Behind Rising Incidence Of Brain Tumors Fuels Growth In The Adult Malignant Glioma Therapeutics Market Market Expansion in 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Adult Malignant Glioma Therapeutics Industry Market Size Be by 2025?
Regarding Driver 1, the market valuation for therapeutics addressing adult malignant glioma has experienced swift expansion lately; projections indicate this sector will move from a worth of $2.25 billion in the year 2024 to $2.47 billion by 2025, representing a consistent annual elevation of 10.1% in its Compound Annual Growth Rate, with the momentum observed during the past period stemming from rising occurrence rates, bolstered patient support campaigns, and the wider adoption of tailored medical treatments.
What's the Long-Term Growth Forecast for the Adult Malignant Glioma Therapeutics Market Size Through 2029?
Anticipation is high for considerable expansion within the therapeutics market for adult malignant glioma over the coming years, projected to reach a value of $3.56 billion by 2029, achieving a compound annual growth rate (CAGR) of 9.5% throughout the forecast duration. This upward trajectory is fueled by several key factors, notably the progress made in immunotherapy techniques, the development of targeted treatment options, breakthroughs in identifying relevant biomarkers, the increasing utility of liquid biopsies, and the expansion of patient access initiatives. Concurrent with this growth, several significant shifts are shaping the market landscape, such as an increasing focus on developing drugs centered around patient needs, the accelerated review pathways like fast-track and breakthrough designations, improvements in methods for drug administration, increasing engagement in joint research ventures, and the growing incorporation of artificial intelligence technologies.
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What Are the Key Growth Drivers Fueling the Adult Malignant Glioma Therapeutics Market Expansion?
The rising incidence of brain tumors is anticipated to fuel the expansion of the adult malignant glioma therapeutics market. A brain tumor is characterized as an atypical tissue mass where the usual regulatory mechanisms governing cell proliferation fail to contain the unchecked multiplication and growth of cells. Adult malignant glioma specifically refers to this kind of brain tumor composed of cells exhibiting aberrant and uncontrolled expansion. Treatment protocols for adult malignant glioma typically involve a multimodal approach incorporating surgical intervention, radiation therapy, and chemotherapy. To illustrate this trend, data from the American Cancer Society, an advocacy group in the U.S., noted that reported cases of brain and nervous system cancers climbed to 24,810 in 2023, marking a 3.85% increase over the 23,890 cases recorded in 2020. Consequently, this escalation in brain tumor diagnoses directly stimulates the therapeutics market for adult malignant glioma.
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What Are the Key Trends Driving Adult Malignant Glioma Therapeutics Market Growth?
Leading corporations within the domain of adult malignant glioma treatments are actively innovating, introducing novel therapeutic agents like small molecule targeted degraders to ensure dependable solutions for patients. This class of pharmaceuticals functions by employing diminutive molecules to bring about the breakdown of particular proteins, achieved by binding to the designated protein of interest (POI) alongside an E3 ubiquitin ligase. As an illustration, in February of 2023, Beactica Therapeutics AB, a firm specializing in precision oncology based in Sweden, secured official recognition as an orphan drug from the U.S. Food and Drug Administration (FDA) for its compound, BEA-17, intended for the management of glioblastoma (GBM). BEA-17 functions as a small-molecule targeted degrader that specifically targets the epigenetic enzyme LSD1, along with its partner CoREST, both of which are known contributors to the development of numerous malignancies, GBM being one. The mechanism of action for BEA-17 involves the removal of LSD1 and CoREST, a process that results in the reawakening of genes that normally suppress tumors, thereby impeding the proliferation of cancerous cells.
How Is the Adult Malignant Glioma Therapeutics Market Segmented?
The adult malignant glioma therapeuticsmarket covered in this report is segmented -
1) By Type Of Disease: Glioblastoma Multiforme; Anaplastic Astrocytoma; Anaplastic Oligodendroglioma; Anaplastic Oligoastrocytoma; Other Types
2) By Therapy: Chemotherapy; Targeted Therapy; Radiotherapy; Other Therapies
3) By End-User: Hospitals; Specialty Clinics; Cancer And Radiation Therapy Centers; Other End Users
Subsegments:
1) By Glioblastoma Multiforme: Standard Treatments; Experimental Therapies
2) By Anaplastic Astrocytoma: Chemotherapy Options; Targeted Therapies
3) By Anaplastic Oligodendroglioma: Radiation Therapy; Combination Therapies
4) By Anaplastic Oligoastrocytoma: Surgical Interventions; Adjuvant Therapies
5) By Other Types: Rare Gliomas; Emerging Therapies
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Which Companies Are Leading the Charge in Adult Malignant Glioma Therapeutics Market Innovation?
Major companies operating in the adult malignant glioma therapeutics market report are Johnson & Johnson Private Limited, Pfizer Inc., Bio-Rad Laboratories Inc., F. Hoffmann-La Roche Ltd., Allergan PLC, AbbVie Inc., Novartis AG, Bayer AG, Merck & Co Inc., GlaxoSmithKline PLC, Bristol-Myers Squibb Company, Abbott Laboratories, AstraZeneca PLC, Eli Lilly and Company, Amgen Inc., Teva Pharmaceutical Industries Ltd., GT Medical Technologies Inc., Lupin Limited, Mylan NV, Sanofi SA, Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Limited, Genetech Inc., Amneal Pharmaceuticals LLC, Emcure Pharmaceuticals Limited, Novocure Ltd., Arbour Pharmaceuticals LLC, Basilea Pharmaceuticals Ltd.
Which Regions Are Leading the Global Adult Malignant Glioma Therapeutics Market in Revenue?
North America was the largest region in the adult malignant glioma therapeutics market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the adult malignant glioma therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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