The Tumor Treating Fields Market is estimated to be valued at US$ 333.8 Million In 2023 and is expected to exhibit a CAGR of 15.5% over the forecast period 2023 - 2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:
Tumor treating fields therapy, also known as TTFields, uses alternating electric fields to disrupt cell division or mitosis in cancer cells. TTFields interfere with the normal functioning of dividing cancer cell microtubules during mitosis which leads to improper formation of the mitotic spindle and apoptosis. Tumor treating fields therapy system includes wearable or portable medical device that delivers low-intensity, intermediate-frequency electric fields through insulated electrode arrays.

Market Dynamics:
Rising prevalence and incidence rate of cancer globally is the key factor fueling growth of the tumor treating fields market. According to World Health Organization, cancer burden rose to 19.3 million new cases and led to nearly 10 million deaths in 2020. Increasing adoption of tumor treating fields as an alternative and adjuvant cancer treatment approach is another major factor boosting market growth. Tumor treating fields therapy has gained significant acceptance for treatment of glioblastoma and is being evaluated for other cancer types such as lung cancer, gastric cancer and brain metastases. Moreover, ongoing product approvals and commercialization of tumor treating fields therapy devices by leading players is further propelling the Tumor Treating Fields Market growth over the forecast period.

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