Glioblastoma Multiforme Treatment Market Overview, Industry Trends, Growth Drivers and Opportunity Till 2028
IMARC Group has recently released a new research study titled “Glioblastoma Multiforme Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the global glioblastoma multiforme treatment market trends, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 2.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 7.6% during 2023-2028.
Glioblastoma multiforme (GBM) treatment refers to the strategies and interventions employed to address and manage glioblastoma multiforme, a highly aggressive form of brain tumor. The primary objective of glioblastoma multiforme treatment is to alleviate symptoms, prolong survival, and enhance the patient’s quality of life. It involves a multidisciplinary approach that combines various treatment modalities. Surgery is often the initial step in glioblastoma multiforme treatment, aiming to remove as much of the tumor as possible without causing damage to critical brain regions. However, due to the infiltrative nature of glioblastoma multiforme, complete tumor removal is challenging. Therefore, additional treatments are necessary to target residual tumor cells.
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Chemotherapy plays a significant role in glioblastoma multiforme treatment, utilizing drugs to kill or inhibit the growth of cancer cells. Temozolomide is a commonly used chemotherapy drug for glioblastoma multiforme, often administered in conjunction with radiation therapy. Radiation therapy is a crucial component, utilizing high-energy beams to target and destroy cancer cells. External beam radiation is commonly employed, and in some cases, internal radiation therapy may be used. Targeted therapies are emerging as a treatment approach, focusing on specific molecular abnormalities in tumor cells. Immunotherapy, gene therapy, and combination therapies are also being explored in clinical trials.
Glioblastoma multiforme treatment plans are personalized based on factors such as the patient’s overall health, tumor characteristics, and individual circumstances. Long-term management and supportive care are crucial, considering the aggressive nature of glioblastoma multiforme and the likelihood of recurrence. The goal of glioblastoma multiforme treatment is to optimize patient outcomes and improve their prognosis.
Market Trends and Drivers:
The rising incidence of glioblastoma multiforme represents one of the significant factors driving the market growth across the globe. This, coupled with the increasing prevalence of risk factors, such as age, genetic predisposition, and exposure to certain environments, is acting as a major growth-inducing factor. The ongoing research and development (R&D) efforts in the field of oncology are leading to advancements in glioblastoma multiforme treatment options, which, in turn, is contributing to the growth of the market. In addition to this, innovative therapies, including surgical techniques, radiation therapy, chemotherapy, targeted therapy, immunotherapy, and gene therapy, are being developed to improve patient outcomes. These advancements are further driving the growth of the market.
The market is also driven by advanced imaging techniques, such as magnetic resonance imaging (MRI) and positron emission tomography (PET), which have enhanced the early detection and diagnosis of GBM. Apart from this, increasing investments in pharmaceutical companies, research institutions, and government organizations is facilitating the growth of the market. Other factors, such as government initiatives and funding support for cancer research and treatment and collaborations and partnerships between pharmaceutical companies, academic institutions, and research organizations, are creating a positive outlook for the market across the globe.
Competitive Landscape:
The competitive landscape of the glioblastoma multiforme treatment market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
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Sun Pharmaceutical Industries
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Celldex Therapeutics
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Pfizer
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F. Hoffmann La Roche
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Bristol-Myers Squibb
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Teva Pharmaceuticals
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Exelixis
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Angiochem
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Arbor Pharmaceuticals
Key Market Segmentation:
The report has segmented the global glioblastoma multiforme treatment market based on drug type, route of administration, molecule, distribution channel and region.
Breakup by Drug Type:
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Temozolomide
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Bevacizumab
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Carmustine
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Radiosensitizers
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Others
Breakup by Route of Administration:
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Oral
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Parenteral
Breakup by Type of Molecule:
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Small Molecule
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Biologics
Breakup by Distribution Channel:
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Hospitals
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Pharmacies
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Others
Breakup by Region:
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North America
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Europe
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Asia Pacific
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Middle East and Africa
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Latin America
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Key Highlights of the Report:
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Market Performance (2017-2022)
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Market Outlook (2023-2028)
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Market Trends
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Market Drivers and Success Factors
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Impact of COVID-19
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Value Chain Analysis
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Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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