The latest market report published by Credence Research, Inc. “Global Glioblastoma Multiforme Market – Growth, Share, Opportunities, Pipeline Analysis, Competitive Analysis, and Forecast, 2016 – 2022,” the glioblastoma multiforme market was valued at USD 352.2 Mn in 2015, and is expected to reach USD 898.9 Mn by 2022, expanding at a CAGR of 10.95% from 2016 to 2022.
Market Insights
Glioblastoma multiforme (GBM) belongs to a group of brain tumors known as gliomas that grows from a type of brain cell called a glial cell. It is the most common primary brain tumor in adults and also the most aggressive form of brain tumor. According to U.S. National Cancer Institute, GBM is considered as the most aggressive form of brain cancer which represents 15.4% of all primary brain tumors and about 60% – 75% of all astrocytoma and shows rapid growth rate of benign cells in the organ. According to World Health Organization (WHO), the incidence of glioblastoma multiforme (GBM) is 2 to 3 per 100,000 people in the United States and Europe. Overall GBM accounts for 12 to 15% of all intracranial tumors and 50 to 60% of astrocytic tumors. In year 2015, temozolomide accounted for the largest market share of the global glioblastoma multiforme market. The key advantages possessed by temozolomide are delayed progression without impacting the quality of life and less adverse effects compared to other molecules. Medical practitioners suggest that, combination radiotherapy and temozolomide chemotherapy is currently the standard of care for most patients suffering from GBM. On the other hand, the geographical analysis of glioblastoma multiforme market projected North America and Europe as the dominant regions followed by Asia-Pacific. The key factors driving the glioblastoma multiforme market include developed research and development facilities, upcoming drug launches, rising incidences of the central nervous system cancers in the geriatric population. Thus, upcoming drugs and ongoing research developments are expected to drive the overall market og glioblastoma multiforme market across the globe.
Browse the full report Glioblastoma Multiforme Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast, 2016 – 2022 report at http://www.credenceresearch.com/report/glioblastoma-multiforme-market
Pipeline Analysis
The phase III drugs included in the pipeline analysis are TRC-105, VB-111, TOCA 511, DCVax-Brain, Rindopepimut (CDX-110), and others. According to market experts, these upcoming drugs assure to provide enhanced efficacy, shorter onset of action and fewer side effects as compared to the currently available glioblastoma multiforme treatment. Large number of investigational molecules belongs to immunotherapy category which is expected to change the overall perspective of the market. Thus, future commercialization of these molecules during the forecast period 2016 – 2022 is anticipated to have a reflective impact on the growth of the overall glioblastoma multiforme market.
Key Market Movements
- North America presently dominates the overall market and is also projected to experience the fastest growth throughout the forecast period
- Immunotherapy has shown significant efficacy in other oncology indications, and as they affect the tumor microenvironment rather than directly targeting the tumor, it is also expected to perform against glioblastoma multiforme
- For novel molecules treating glioblastoma multiforme could be tricky due to the tumor cells resistance to conventional therapies, as well as the blood brain barrier, which often prevents therapies from reaching the targeted cells.
Latest Report:
Alzheimer’s Therapeutic Market – Growth, Share, Opportunities & Competitive Analysis, 2015 – 2022
About Us:
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.
Who we are
Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.
Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.
Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.
What we do
We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.
No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.
Contact:
Name: Chris Smith
Designation: Global Sales Manager
E-mail: sales@credenceresearch.com
Ph: 1-800-361-8290
Web: Credence Research
Media Contact
Company Name: Credence Research
Contact Person: Chris Smith, Global Sales Manager
Email: sales@credenceresearch.com
Phone: 1-800-361-8290
Address:105 N 1st ST #429
City: SAN JOSE
State: California
Country: United States
Website: http://www.credenceresearch.com/report/glioblastoma-multiforme-market