Chondrosarcoma Market Trends 2023 New Research Highlights Important Trends for Business Development
Chondrosarcoma market insights and analysis by types, by diagnosis, by treatment, by end user - forecast till 2030
There has been a substantial rise in the incidence of chondrosarcoma over the years, and the global chondrosarcoma market is projected to grow at a CAGR of 6.8% by the end of 2030. The market has been growing persistently on account of the widespread prevalence of chondrosarcoma on a global scale which induces demand for diagnosis and treatment. Chondrosarcoma is a rare type of bone cancer that is most common in people older than 40 years, thus, a rise in global geriatric population boosts the growth of the market. Various governments across the globe have endeavored to provide treatment for the disease and contributing towards the development of therapies and medicines.
A number of pharmaceutical and biotechnology companies are also investing in R&D and clinical trials to identify a treatment for chondrosarcoma, a significant market driver. The FDA's approval of various medications has also contributed to the expansion of the market. The market's growth is also aided by advancements in surgical methods that allow for less invasive procedures that lead to patient treatment that is more effective, efficient, and affordable. Yet, no effective cure has yet been developed for it. The fact that chondrosarcoma is resistant to chemotherapy and radiation is another factor that hinders the market's growth.
Competitive Landscape
The global chondrosarcoma market players include Abbott. (US), Akorn, Inc. (US), Baxter (US), Epizyme, Inc. (US), Mylan N.V. (US), AbbVie Inc. (US), Agios, Inc. (US), Bayer AG (US), and Novartis AG (Switzerland).
SegmentationThe global chondrosarcoma market trends has been segmented based on type, diagnosis, treatment, and end user.
By type, the market has been segmented into conventional chondrosarcoma, clear cell chondrosarcoma, myxoid chondrosarcoma, mesenchymal chondrosarcoma, de-differentiated chondrosarcoma.
By diagnosis, the market has been segmented into biopsy, imaging, and others. Biopsy is further sub-segmented into shave open biopsy, core needle biopsy, and others. The imaging segment has been further segmented into X-Ray, Computed Tomography Scan (CT scan), Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET) Scan, and others.
By treatment, the market has been segmented into intensive surgery, therapies, hemipelvectomy, and others. The therapies segment has been further segmented into physical therapy, radiation therapy, chemotherapy, and others. The hemipelvectomy segment has been further segmented into external hemipelvectomy, internal hemipelvectomy, and others.
By end-user, the market has been segmented into hospitals and clinics, medical research centers, academic institutes, and others.
Regional Analysis
The global chondrosarcoma market spans across the regions of North America, Europe, Asia Pacific, and the Middle East & Africa. North America accounts for the largest share of the market owing to the high prevalence of chondrosarcoma in the region coupled with a substantial investment in R&D activities. Due to the existence of cutting-edge healthcare facilities in the region, particularly in Germany and the UK, Europe is the second-largest market. Chondrosarcoma incidence is on the rise in the Asia Pacific region, and the region's healthcare system is also getting better. Due to low disease awareness and an underdeveloped healthcare system in the region, the Middle East & Africa market is anticipated to grow slowly over the forecast period.
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