Glioblastoma Multiforme Treatment Market

Glioblastoma Multiforme Treatment Market Outlook (2022 – 2032)

Global sales of the Glioblastoma Multiforme Treatment Market in 2021 was held at US$ 2.6 Billion. With 10.1%, the projected market growth during 2022 - 2032 is expected to be significantly higher than the historical growth.

Radiation Therapy is expected to be the highest revenue generating segment, accounting for an expected CAGR rate of 10.9% during 2022 – 2032.

Report Attributes	Details
Forecast Period	2022-2032
Historical Data Available for	2017-2021
Key Market Segments Covered	Treatment Drug Class Application Region
Key Companies Profiled	Merck & Co., Inc. Amgen, Inc. F. Hoffmann-La Roche Ltd. Pfizer Inc. Amgen, Inc. Teva Pharmaceutical Industries Ltd. Sun Pharmaceutical Industries Ltd. Arbor Pharmaceuticals, LLC Amneal Pharmaceuticals Karyopharm Therapeutics, Inc. Sumitomo Dainippon Pharma Oncology, Inc.

Revenue of Glioblastoma Multiforme Treatment Markets from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

As per the Glioblastoma Multiforme Treatment Markets research by Fact.MR - a market research and competitive intelligence provider, historically, from 2017 to 2021, market value of the Glioblastoma Multiforme Treatment Markets increased at around 8.1% CAGR.

Glioblastoma multiforme's rising prevalence, more R&D, and favourable regulatory scenarios are among the reasons expected to drive market expansion. Over the forecast period, the rising incidence of brain tumours is expected to enhance market growth.

According to the Global Cancer Observatory, the global incidence of brain and CNS malignancies cases were as high as 308,102 in 2020, with 251,329 fatalities. Glioblastoma multiforme, the most prevalent type of malignant tumour, accounts for around 54% of gliomas and 16% of all primary brain malignancies. Adults have a higher incidence of glioblastoma multiforme than children, and the chance of having the disease increases with age. The rising confirmation that targeted therapy and healing treatment are probable to propel the glioblastoma multiforme drug market in the near-term.

There is greater demand for customized treatments for glioblastoma multiforme vesicles because there are a lot of different approaches to treating it and because each patient will require a different treatment. The approval of new oncology drugs is expected to increase the life expectancy of glioblastoma multiforme patients. Furthermore, the FDA's designation process for new therapy processes is likely to boost the speed of recording new therapies and considerably shorten their cycle to becoming approved and marketed.

• Glioblastoma Multiforme Treatment Market was valued at US$ 2.6 Billion in 2021. According to Fact.MR, Glioblastoma Multiforme Treatment Market revenue would increase 2.8X between 2022 and 2032, reaching roughly US$ 7 Billion by 2032.
• Among treatments, Radiation Therapy accounts for the largest market share with a projected growth rate of 10.9%.
• In terms of Application, revenue through Hospitals is projected to witness highest CAGR of 10.8% during 2022 - 2032.
• North America led the Glioblastoma Multiforme Treatment revenues, with over 40% share.
• The market in US is expected to garner an absolute dollar growth opportunity of US$ 1.8 Bn during 2022 – 2032.

How are the Pipeline Products Expected to Bolster the Growth of Glioblastoma Multiforme Treatment Market?

The existing glioblastoma multiforme treatment provider companies are willing to acquire new companies with pipeline products to diversify their product portfolio. Various initiatives taken by governments and non-government organisations around the world to raise awareness by educating people living with glioblastoma multiforme and further raising funds for R&D activities and treatment; which is expected to drive the market growth during the forecast period.

How are Oncological Diseases responsible for Boosting the Growth of Glioblastoma Multiforme Treatment Market?

Due to tumour heterogeneity and variation in patient-to-patient treatment techniques, the demand for a customised therapeutic method to manage glioblastoma multiforme is expected to grow. Patients with glioblastoma multiforme are likely to live longer as new treatments are approved.

Furthermore, the FDA's special classification for investigational drugs is expected to hasten the approval and marketing of innovative therapeutics. One of the important reasons driving market expansion is the rising frequency of oncological diseases and a growing elderly population around the world. Furthermore, the advancement of improved therapeutic strategies to combat the resistant qualities of glioma stem cells is favourably impacting market growth.

On the other hand, increased R&D operations in molecular biotechnology and gene therapy for cancer and associated diseases have aided the creation of a variety of biological treatments. These medications help to reduce the negative effects of current treatment modalities, allowing patients to accept them more readily. Besides, actions taken by several governments around the world to improve healthcare infrastructure as well as increased awareness of the availability of various therapies, are projected to boost the market's prospects.

Which Region is projected to Offer the Largest Opportunity for Glioblastoma Multiforme Treatment Market?

In 2021, with over 40% share North America held the largest share of glioblastoma treatment market. Government support for the healthcare sector's development, high level of awareness about rare disorders, easy access to high-quality medical facilities, and attractive reimbursement policies are some of the important drivers driving regional market growth.

Why Glioblastoma Treatment Market in Asia-Pacific is projected to Grow at Fastest Pace in the Next 10 Years?

Due to several factors such as the introduction of generic temozolomide, the improving regional economy, growing geriatric population, and increased healthcare investment, the market in Asia Pacific is expected to grow at the fastest rate throughout the projection period. The presence of substantial unmet demands in the market, rising awareness of glioblastoma multiforme treatment, and a robust pipeline are all contributing to regional market growth.

Country-wise Analysis

Which Country Lies at the CenterStage for Glioblastoma Multiforme Treatment Market Revenue?

The United States is expected to have the largest revenue of US$ 2.9 Billion by the end of 2032. In recent years, the industry has been growing rapidly owing to support from the healthcare governing authorities in the country.

For instance, in October 2019, the FDA granted Denovo Biopharma, a San Diego-based biotech company, clearance for its phase 2b clinical trial assessing an analytical combination medication for the treatment of newly diagnosed glioblastoma multiforme patients in October 2019. Their DB102 therapy has been cleared for a study to see how effective it is when used in conjunction with temozolomide (Temodar) and radiation.

Category-wise Insights

Why Radiation Therapy Leads the Glioblastoma Multiforme Treatment Revenues?

Among treatments, revenue through Radiation Therapy is expected to have the highest CAGR of 10.7%. Radiation therapy can be used as a stand-alone treatment or in conjunction with chemotherapy and surgery. In the event of a recurrence of brain tumour, it is also beneficial and highly recommended. When temozolomide is used with radiotherapy, the tumour becomes more sensitive to radiation. Thus the combination of treatments is more successful than radiotherapy alone.

The most common treatment for GBM is surgery, which is followed by radiation therapy and chemotherapy. This treatment regimen is widely considered as gold standard. In addition, the growing usage of targeted therapy to treat glioblastoma multiforme treatment is likely to drive segment growth throughout the projection period. Besides, rising research initiatives to find novel targeted therapies for the condition are expected to propel the segment forward.

Increases in patient-centric, non-invasive therapies, such as external beam radiation therapy and tumor-associated therapies, are anticipated to fuel the growth of the medical treatment service industry. For example, the delivery of treatment for brain tumors at Johns Hopkins Medicine integrates technologies such as radiation therapy, tumor-treating field therapy, and other approaches.

Why Hospitals are Projected to Account for Nearly Half of the Absolute $ Opportunity of Glioblastoma Multiforme Treatment Market?

Revenue through Hospitals is expected to account for over half of the Glioblastoma Multiforme Treatment market by 2032, with an astounding forecast CAGR of 12%. Hospitals are preferred by patients in terms of treatment accessibility and convenience. Moreover, the high number of surgeries performed to manage glioblastoma multiforme treatment and the complexity associated with the treatment are anticipated to drive the market.

How Has COVID-19 Impacted Revenue Generation from Glioblastoma Multiforme Treatment Market?

The unexpected breakout of COVID-19 around the globe has had a significant influence on the treatment of recurrent glioblastoma multiforme and other malignancies. Patients were unable to get radiotherapy, chemotherapy, or health monitoring in health and surgery centers. The pandemic also damaged the worldwide pharmaceutical supply chain, making treatment for patients with recurrent glioblastoma multiforme more difficult to get.

Competitive Analysis

To obtain a competitive advantage, key companies in the glioblastoma multiforme treatment market are focused on R&D to offer distinguished services. Besides, mergers and acquisitions, as well as licencing and collaborations, are being pursued by the key companies in order to increase their product portfolio, extend their manufacturing facilities, and create competitive distinctiveness.

Some of the key players operating in glioblastoma multiforme treatment market include Merck & Co., Inc., Amgen, Inc.,F. Hoffmann-La Roche Ltd.,Pfizer Inc., Amgen, Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Arbor Pharmaceuticals, LLC, Amneal Pharmaceuticals,Karyopharm Therapeutics, Inc., and Sumitomo Dainippon Pharma Oncology, Inc.

Some of the recent developments of key Glioblastoma Multiforme Treatment providers are as follows:

• In April 2021, Lineage Cell Therapeutics made a licensing agreement with Immunomic Therapeutics to develop allogeneic VAC, a cancer immunotherapy platform, to treat glioblastoma multiforme. Under the agreement terms, Lineage will receive a US$ 2 Mn upfront payment, followed by US$ 67 Mn in commercial milestone payments.
• In July 2020, Denovo Biopharma, a San Diego-based biotech company, was granted the U.S. Food & Drug Administration (FDA) approval for its phase 2b clinical trial evaluating an analytical combination therapy for the treatment of newly diagnosed glioblastoma multiforme patients.
• In May 2019, Merck announced the acquisition of Peloton Therapeutics, which grants it access to the PT2977 under trial glioblastoma drug. This acquisition is likely to strengthen its pipeline and improve its future revenue-generation ability.

Similarly, recent developments related to companies offering Glioblastoma Multiforme Treatment have been tracked by the team at Fact.MR, which are available in the full report.

Market Segments Covered in Glioblastoma Multiforme Treatment Market Analysis

• By Treatment :

  • Surgery
  • Radiation Therapy
  • Chemotherapy
  • Targeted Therapy
  • Tumor Treating Field (TTF) Therapy
  • Immunotherapy

• By Drug Class :

  • Temozolomide
  • Bevacizumab
  • Carmustine Wafers
  • Other Drug Classes
  • Lomustine

• By Application :

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

• By Region :

  • North America
  • Latin America
  • Europe
  • APAC
  • MEA