Overview and Scope
Neuroendocrine tumor treatment refers to the process of medical interventions and therapies aimed at managing and controlling neuroendocrine tumors (NETs). Neuroendocrine tumors are a rare type of cancer arising from neuroendocrine cells that regulate hormone production throughout the body. Neuroendocrine tumor treatment involves various approaches to target and control tumor growth, relieve symptoms, and improve the patient’s quality of life.
Sizing and Forecast
The neuroendocrine tumor treatment market size has grown rapidly in recent years. It will grow from $1.94 billion in 2023 to $2.16 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to clinical research and understanding, awareness and education, specialized medical expertise, advancements in radiation therapy, supportive care services.
The neuroendocrine tumor treatment market size is expected to see rapid growth in the next few years. It will grow to $3.19 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to precision medicine advancements, immunotherapy innovations, minimally invasive procedures, rising incidence rates, telemedicine and remote care. Major trends in the forecast period include advancements in diagnostic technologies, peptide receptor radionuclide therapy (prrt) advancements, nanotechnology in drug delivery, emerging radiopharmaceuticals, cross-disciplinary collaboration.
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Segmentation & Regional Insights
The neuroendocrine tumor treatment market covered in this report is segmented –
1) By Product: Somatostatin Analogs (SSAs), Targeted Therapy, Chemotherapy, Others Products
2) By Indication: Lungs, Pancreas, Gastrointestinal, Others Indications
3) By End-Users: Hospitals, Oncology Centers, Other End-Users
Top 5 Major Players:
- Pfizer Inc
- F Hoffmann-La Roche AG
- Abbvie Inc
- Novartis AG
- Sanofi SA
North America was the largest region in the neuroendocrine tumor treatment market in 2023. The regions covered in the neuroendocrine tumor treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing prevalence of neuroendocrine tumors is expected to propel the growth of the neuroendocrine tumor treatment market going forward. Neuroendocrine tumors (NETs) are a type of rare tumor that originates from neuroendocrine cells. Neuroendocrine tumor treatment is an essential process for curing neuroendocrine tumors and is used to control symptoms, control tumor growth, and use radiation therapy to kill tumor cells. For instance, in March 2023, according to the reports shared by the American Society of Clinical Oncology (ASCO), a US-based professional organization, more than 12,000 people in the US are diagnosed with neuroendocrine tumors each year, and approximately 171,000 people are living with this diagnosis in 2023. Furthermore, in August 2022, according to Cancer Australia, an Australia-based cancer control agency, in Australia, 5,437 people were diagnosed with neuroendocrine tumors in 2022, which is 3.4% of all new cases diagnosed in 2022. Therefore, the growing prevalence of neuroendocrine tumors is driving the growth of the neuroendocrine tumor treatment market.
Key Industry Players
Major companies operating in the neuroendocrine tumor treatment market report are Pfizer Inc., F Hoffmann-La Roche AG, Abbvie Inc., Novartis AG, Sanofi SA, Bristol-Myers Squibb Company, Thermo Fisher Scientific Inc., AstraZeneca, GlaxoSmithKline PLC, Takeda Pharmaceutical, Eli Lilly And Company, Amgen Inc., Merck & Co. Inc., Boehringer Ingelheim International GmbH, Servier, Teva Pharmaceutical Industries Ltd., Ipsen Pharma SAS, Exelixis Inc., Advanced Accelerator Applications SA, Hutchison Medipharma Ltd., Dauntless Pharmaceuticals Inc., Tarveda Therapeutics, GlycoMira Therapeutics Inc, AVEO Pharmaceuticals Inc., Progenics Pharmaceuticals Inc., Callisto Pharmaceuticals Pvt Ltd., Chiasma Inc.
The neuroendocrine tumor treatment market report table of contents includes:
1. Executive Summary
2. Neuroendocrine Tumor Treatment Market Characteristics
3. Neuroendocrine Tumor Treatment Market Trends And Strategies
4. Neuroendocrine Tumor Treatment Market – Macro Economic Scenario
5. Global Neuroendocrine Tumor Treatment Market Size and Growth
…..
32. Global Neuroendocrine Tumor Treatment Market Competitive Benchmarking
33. Global Neuroendocrine Tumor Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Neuroendocrine Tumor Treatment Market
35. Neuroendocrine Tumor Treatment Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Neuroendocrine Tumor Treatment Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Neuroendocrine Tumor Treatment Market, Segmentation By Indication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Neuroendocrine Tumor Treatment Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Pfizer Inc. Financial Performance
Table 75: F Hoffmann-La Roche AG Financial Performance
Table 76: AbbVie Inc. Financial Performance
Table 77: Novartis AG Financial Performance
Table 78: Sanofi SA Financial Performance
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