Synovial Sarcoma Market Forecast Research Reports Offers Key Insights
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Strong focus on research and development to enhance the treatment options available such as targeted therapies and biological therapies. Treatment methods which include targeted therapies will increase the survival rates of patients as these therapies have low toxicity associated with their use. Currently, there is no targeted therapy yet. Moreover, strong and promising clinical pipeline is anticipated to fuel the synovial sarcoma market in near future. There are 83 pipeline therapeutics for the treatment of synovial sarcoma of which 8 drugs are under clinical phase III (clinicaltrials.gov). Also, innovative technologies like ZVex and GLAAS technology, RESOLYSIN technology, and tumour specific cytotoxic T-cell treatment are showing promising results. Thus, significant pipeline of the drugs, growing awareness among people and the increasing funding for research are major factors driving the growth of the market. However, the side effects associated with cancer treatment, high cost of treatment, stringent government regulations, and the high failure rate in the clinical trials, might hamper the growth of the market in the future.
The global synovial sarcoma market can be segmented on the basis of treatment type, end user and geography. On the basis of treatment type, the market can be segmented into chemotherapy, immunotherapy, radiation therapy, and surgery. On the basis of end-user the market can be segmented into hospitals, cancer research centers, ambulatory surgical centers, and others. Chemotherapy and immunotherapy are anticipated to dominate the synovial sarcoma market in the forecast period. Multi-specialty hospitals are anticipated to remain dominant during the forecast period.
Based on geography, the synovial sarcoma market can be segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and Middle East-Africa (MEA). At present, North America holds a leading position in the market followed by Europe. The major factors which have driven the market growth include development of innovative treatment, current FDA approval and rising adoption of innovative approach by patient and doctors. Moreover development of novel treatment and therapy for synovial sarcoma due to funding from Sarcoma Foundation of America and Synovial Sarcoma Research Foundation is also the major contributing factor for the growth of North America synovial sarcoma market. The population in developed countries is projected to have more number of patients due to the rise of obese patients and elderly population. This will drive more cancer prevalence and growth in revenue for the treatment methods.
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Various key players contributing to the global synovial sarcoma market comprises Pfizer Inc., F. Hoffmann-La Roche Ltd, Bayer AG, Epizyme, Inc., Cue Biopharma, TAKARA BIO INC., and Adaptimmune.
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