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Glioblastoma Multiforme Treatment Market Trends

Report ID: GMI9866 Published Date: June 2024Report Format: PDF
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Glioblastoma Multiforme Treatment Market Trends

  • The increasing prevalence of glioblastoma significantly drives the growth of the market. For instance, as per the report published by the National Brain Tumor Society, it has been reported that glioblastoma (GBM) is one of the most complex, deadly, and treatment-resistant cancers. Also, the report stated that the five-year survival rate for glioblastoma patients is only 6.9%, and the average length of survival for glioblastoma patients is estimated to be only 8 months. Therefore, the high prevalence of glioblastoma necessitates an increasing demand for better treatment options, thereby driving the market growth.
  • Moreover, the growing patient population necessitates more comprehensive healthcare infrastructure and supportive services. Also, pharmaceutical companies are incentivized to invest in innovative solutions, fostering competitive dynamics that enhance the quality and availability of glioblastoma multiforme treatments.
Author: Mariam Faizullabhoy, Gauri Wani
Frequently Asked Question(FAQ) :

Who are the leading glioblastoma multiforme treatment industry players?+

Amgen Inc., Amneal Pharmaceuticals, Curtana Pharmaceuticals, Denovo Biopharma, Eisai Co. Ltd. (Gliadel), F. Hoffmann La Roche Ltd (Genetech USA), Karyopharm Therapeutics, Merck & Co. Inc., and Novocure GmbH, among others.

How big is the North America glioblastoma multiforme treatment industry?+

North America glioblastoma multiforme treatment market held 39.5% revenue share in 2023 due to advanced technologies, key pharmaceutical companies, and government cancer research funding.

Why is the demand for glioblastoma multiforme treatment rising in hospitals?+

The hospitals segment in the market is expected to reach USD 2.5 billion by 2032 due to presence of advanced diagnostic tools, specialized neuro-oncology departments, and clinical trials.

What is the size of the glioblastoma multiforme treatment market?+

Global glioblastoma multiforme treatment industry was valued at USD 2.9 billion in 2023 and is anticipated to register 8.6% CAGR between 2024 and 2032 due to the increasing incidence of glioblastoma along with rising awareness and early diagnosis of disease.

Glioblastoma Multiforme Treatment Market Scope

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