Global Neuroendocrine Carcinoma Market Value Expanding at a CAGR of 7.7% in 2017-2027

A new report added to the repository of Market Research Reports Search Engine “Neuroendocrine Carcinoma Market: Targeted Therapy Projected to be the Fastest Growing Segment by Treatment Type Through 2027: Global Industry Analysis (2012 - 2016) and Opportunity Assessment (2017 - 2027)” is a comprehensive repository of information, providing market share, size, and forecast.

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Rapid pace of cancer research and continuous product approvals for neuroendocrine tumours is expected to drive the growth of global neuroendocrine carcinoma market

The global neuroendocrine carcinoma market is anticipated to witness healthy growth throughout the period of forecast. The emergence of cancer led to an increase in the research activities for cancer which resulted in the development of carious therapeutic solutions with a view to treat cancer. This market report deals with various treatment types used in curing cancer and has been witnessing a positive growth path since past several years. The global neuroendocrine carcinoma market is projected to grow at a robust CAGR of 7.7% during the assessment period to reflect a 2x increase in revenue growth from 2017 till 2027. By the end of the assessment year (2027), the global neuroendocrine carcinoma market is estimated to reach a value of about US$ 2.5 Bn from an estimation of US$ 1.5 Bn in 2017. The global market has gained high steam since 2012 and developments in this market have been significantly improved ever since.

Opportunities grow strong for somatostatin analogs

The somatostatin analogs segment by treatment type is expected to witness high traction in the coming years. The use of somatostatin analogs in treating neuroendocrine cancer has experienced a significant growth with respect to market share since the 2012-2016 period. In 2017, this segment reflected an estimation of US$ 728.3 which is higher than any other segment or sub segment in the treatment type category. This trend is likely to continue over the coming years, thus making somatostatin analogs segment to reflect a high market share and valuation by 2027 end. This segment is likely to dominate the global market with a high estimation of around US$ 1.5 Bn by the end of the assessment period.

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Both tyrosine kinase inhibitor and mTOR inhibitor to potentially contribute to the growth of targeted therapy

The targeted therapy segment is also expected to show high potential owing to high adoption. This segment is the second largest in terms of value and is projected to be the fastest growing segment to register a higher CAGR of 8.0% throughout the period of assessment 2017-2027. The targeted therapy segment is further segmented by tyrosine kinase inhibitor and mTOR inhibitor. The tyrosine kinase inhibitor sub segment is estimated to reflect a higher market share than the latter and is likely to lead the market highly contributing to the growth of the targeted therapy segment. On the other hand, the mTOR inhibitor sub segment is expected to gain higher pace in the coming years. During the 2017-2027 timeline this sub segment is projected to reach a high 8.5% CAGR to further push the growth of the targeted therapy segment in the years to come.

Chemotherapy to show a robust growth rate yet enjoys little market share

Chemotherapy segment, another treatment type dealing with neuroendocrine carcinoma, is expected to grow at robust growth rate throughout the period of assessment. This segment however, reflects less market value and is estimated to reach a valuation of about US$ 344 Mn by the end of the forecasted year growing at a noteworthy CAGR of 7.6%. The growth of the chemotherapy segment is significantly pushed by antimetabolites, alkylating agents and natural products sub segments. Of these, antimetabolites sub segment is expected to be highly lucrative and is the largest segment with respect to market value. The natural products sub segment is poised to grow at a comparatively higher CAGR of 7.8% throughout the period of forecast, 2017-2027.

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