What Factors Propelled The Growth Of The Sarcoma Drugs Market In The Past?
The sarcoma drugs market has seen considerable growth due to a variety of factors.
•In the past few years, the sarcoma drugs market has experienced significant growth. It is projected that it will expand from $1.37 billion in 2024 to $1.49 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%.
The growth observed in the historic period is attributable to factors such as improved healthcare infrastructure, enhanced treatment guidelines, dedicated patient advocacy groups, more refined diagnosis methods, and heightened awareness of the disease.
What Is The Projected Growth And Market Size For The Sarcoma Drugs Sector?
The sarcoma drugs market is expected to maintain its strong growth trajectory in upcoming years.
• In the upcoming years, the market size for sarcoma drugs is anticipated to witness robust growth, increasing to "$2.18 billion in 2029 at a compound annual growth rate (CAGR) of 9.9%.
This surge during the forecast period can be ascribed to the increasing demand for innovative therapies, investments in healthcare, precision medicine, groundbreaking clinical trials and discoveries, along with research and development activities. The major trends projected for the forecast period comprise advancements in immunotherapy, the rise of combination therapies, initiatives aimed at early diagnosis, research into biomarkers, and a more patient-focused approach.
What Factors Are Driving Growth In The Sarcoma Drugs Market?
The surge in soft tissue sarcoma diagnoses is predicted to drive the growth of the sarcoma drugs market. Soft tissue sarcoma refers to a type of cancer that originates in the body's soft tissues such as muscles, fat, tendons, lymph, and nerves. In the healthcare field, sarcoma drugs are utilized to treat both bone and soft tissue sarcoma by targeting and dividing cancer cells. For example, the American Cancer Society, a US cancer combat organization reported in January 2023 that there would be about 13,400 new cases of soft tissue sarcomas in the US and approximately 5140 people are predicted to die from this condition in 2023. Hence, the increasing incidences of soft tissue sarcoma are fuelling the expansion of the sarcoma drugs market.
What Are The Main Segments Of The Global Sarcoma Drugs Market?
The sarcoma drugs market covered in this report is segmented –
1) By Treatment Type: Chemotherapy, Targeted Therapy
2) By Disease Indication: Malignant Bone Tumors, Soft Tissue Sarcomaz
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Other Distribution Channels
Subsegments:
1) By Chemotherapy: Anthracyclines, Alkylating Agents, Antimetabolites, Other Chemotherapeutic Agents
2) By Targeted Therapy: Tyrosine Kinase Inhibitors, MTOR Inhibitors, Monoclonal Antibodies, Other Targeted Therapies
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What Emerging Trends Are Influencing The Growth Of The Sarcoma Drugs Market?
Key players in the sarcoma drugs market are shifting their attention to the creation of new, superior oral medicines, with the goal of bettering patient compliance and refining the results of treatment. Oral drugs are either tablets, capsules or liquid solutions that are taken orally and are absorbed via the digestive system. This form of medication administration is convenient and non-invasive. For example, in April 2024, US pharmaceutical company Novugen Pharma LLC, introduced their generic version of pazopanib tablets, 200 mg, a replacement for votrient approved by the USFDA for treating advanced renal cell carcinoma and advanced soft tissue sarcoma. The unveiling of this drug showcases Novugen's proficiency in complex anticancer formulations, thus augmenting patient access to efficacious therapies, and crucially impacting the sarcoma drug market by targeting a previously limited competitive sphere.
Who Are the Key Players in the Sarcoma Drugs Market?
Major companies operating in the sarcoma drugs market include:
• Amgen Inc.
• Bayer AG
• Eisai Co. Ltd.
• Eli Lilly and Company
• GlaxoSmithKline plc
• F. Hoffmann-La Roche Ltd.
• Johnson & Johnson Services Inc.
• Novartis AG
• Pfizer Inc.
• AgonOX Inc.
• Daiichi Sankyo Company Limited
• Merck & Co. Inc.
• AbbVie Inc.
• Amneal Pharmaceuticals LLC
• Pharma Mar SA
• Bristol-Myers Squibb Company
• Fresenius Kabi AG
• Ipsen SA
• Radiopharm Theranostics
• Akeso Biopharma
• AstraZeneca plc
• BeiGene Ltd.
• Bausch Health Companies Inc.
• Shenzhen Chipscreen Biosciences Co. Ltd.
• Teva Pharmaceuticals Industries Ltd.
• Monopar Therapeutics Inc.
• Incyte Corporation
• Sanofi SA
• Takeda Pharmaceutical Company Limited
• Roche Holding AG
What Is The Most Dominant Region In The Sarcoma Drugs Market?
North America was the largest region in the sarcoma drugs market in 2024. The regions covered in the sarcoma drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
