Neoplasm Treatment Market - Industry Size, Share, Growth 2028

Neoplasm refers to the abnormal growth of tissue caused by the rapid division of cells that have undergone some form of mutation. In this condition, the group of cells grows in an uncoordinated manner with the surrounding cells and can cause damage to the tissues surrounding them. The rising geriatric population and high risk of cancer in old-aged attributes to the growth of the neoplasm treatment market. For instance, according to the World Health Organization, by 2030, 1 in 6 people in the world will be aged 60 years or over and by 2050, the world’s population of people aged 60 years and older will double (2.1 billion).

The Neoplasm Treatment Market is expected to grow at a steady rate of around 8% owing to the increasing pollution and rising consumption of alcohol that increases the risk of cancer. For instance, as per the European Environmental Agency, Exposure to pollution causes 10% of all cancer cases in Europe.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 - https://univdatos.com/get-a-free-sample-form-php/?product_id=35216

According to UnivDatos Market Insights (UMI)’ research report “Global Neoplasm Treatment Market”, the market is expected to witness robust growth during the forecast period (2022-2028). This is mainly due to the high healthcare investment and increasing geriatric population.

Based on the type, the market has been categorized into malignant and benign. Among them, the malignant segment holds a dominant share of the market in 2020. Malignant tumors are cancerous tumors that grow at a rapid rate and spreads to other parts of the body. Malignant tumors are generally life-threatening tumors and are the prime cause of death across the globe. The increasing prevalence of cancerous tumors is an important driving factor for the growth of malignant tumor segments.

Based on the treatment type, the market has been categorized into surgery, chemotherapy, targeted therapy, and others. Among them, the targeted therapy segment is anticipated to witness the fastest growth in the market. Targeted therapy is a type of cancer treatment that targets proteins that control which cancer cells grow, divide, and spread. Targeted therapy is used in the treatment of certain types of cancer such as leukemia and the increased prevalence of these types of cancer is attributed to the growth of the segment. For instance, as per the Leukemia Foundation, 135000 people are living with blood cancer or a related blood disorder in Australias.

𝐓𝐨 𝐆𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐟𝐮𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡, 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐏𝐃𝐅 𝐂𝐨𝐩𝐲 – https://univdatos.com/get-a-free-sample-form-php/?product_id=35216

Based on the end-user, the market has been categorized into hospitals, cancer research center, specialty clinics, and others. Among them, the hospital segment holds a prominent share of the market. This is mainly owing to the hospitals providing all facilities for the treatment of the diseases such as diagnostics, treatment, and critical care under a single roof.

North America to witness extensive growth

For a better understanding of the market adoption of the neoplasm treatment industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. In 2020, North America is anticipated to hold a considerable market share. The major factors such as presence of major economies such as the United States in the region and the release of generic drugs for cancer treatment are the major factors responsible for the growth of the market in the region. For instance, in May 2022, Gland Pharma launched the cancer treatment drug Bortezomib for Injection in the US market.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the neoplasm treatment market are Eisai Co., Ltd.; Exelixis, Inc.; Thermo Fisher Scientific; Boehringer Ingelheim International GmbH; Bayer AG; Abbott; Merck & Co., Inc.; Teva Pharmaceutical Industries Ltd; Siemens Healthcare GmbH.; and Novartis AG.

“Global Neoplasm Treatment Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

Market Segmentation:

1. By Type (Malignant and Benign)

2. By Treatment Type (Surgery, Chemotherapy, Targeted Therapy, and Others)

3. By End-User (Hospitals, Cancer Research Center, Specialty Clinics, And Others)

4. By Region (North America, Europe, Asia-Pacific, Rest of the World)

5. By Company (Eisai Co., Ltd.; Exelixis, Inc.; Thermo Fisher Scientific; Boehringer Ingelheim International GmbH; Bayer AG; Abbott; Merck & Co., Inc.; Teva Pharmaceutical Industries Ltd; Siemens Healthcare GmbH.; and Novartis AG)

Key questions answered in the study:

1. What are the current and future trends in the global neoplasm treatment industry?

2. How the industry has been evolving in terms of type, treatment type, and end-use?

3. How the competition has been shaping across the countries followed by their comparative factorial indexing?

4. What are the key growth drivers and challenges for the global neoplasm treatment industry?

5. What is the customer orientation, purchase behavior, and expectations from the global suppliers across various region and countries?