Desmoid Tumors Market Overview 2024: Size, Growth Drivers, and Major Segments
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What is the Expected Growth Rate of the Desmoid Tumors Market from 2024 to 2033?
The desmoid tumors market has shown strong growth in recent years. It is expected to grow from $2.76 billion in 2023 to $2.97 billion in 2024, at a CAGR of 7.6%. Factors such as advancements in medical imaging, genetic research, surgical innovations, and patient advocacy have driven this growth.
The desmoid tumors market is expected to grow to $3.84 billion by 2028, with a CAGR of 6.7%. Growth is attributed to advancements in targeted therapies, personalized medicine, international collaborations, novel therapy approvals, and patient-focused approaches. Trends include advancements in treatment, precision medicine, biomarker discovery, clinical trials, and patient advocacy.
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What Key Factors Are Fueling the Growth of the Desmoid Tumors Market?
The rising incidence of cancer is expected to propel the growth of the desmoid tumor market. Cancer refers to a group of diseases involving uncontrolled cell growth, and the rising number of cancer cases worldwide has driven demand for advanced treatment options. The American Cancer Society reported that 1.8 million new cancer cases were diagnosed in the US in 2020, with 606,520 cancer-related deaths. This increase in cancer cases is supporting the growth of the desmoid tumor market.
What Are the Major Segments of the Desmoid Tumors Market?
1) By Treatment: Surgery, Radiation Therapy, Anti-Inflammatory Medication, Hormone Therapy, Chemotherapy, Novel Molecular-Targeted Therapy, Other Treatments
2) By Diagnosis: Biopsy, Electron Microscopic Examination, Immunohistochemical Analysis, Other Diagnosis
3) By End-User: Hospitals And Clinics, Specialty Centers, Other End-Users
What New Trends Are Transforming the Desmoid Tumors Market?
In the desmoid tumors market, companies are developing new drugs like nirogacestat to treat desmoid tumors. Nirogacestat, an oral gamma-secretase inhibitor, blocks the production of notch proteins, which are believed to contribute to tumor growth. In February 2023, SpringWorks Therapeutics announced FDA acceptance for nirogacestat’s NDA to treat adults with desmoid tumors, providing a new treatment option to improve patient outcomes.
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Which Regions Are Driving Growth in the Desmoid Tumors Market?
North America was the largest region in the desmoid tumors market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the desmoid tumors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Desmoid Tumors Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the desmoid tumors market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Desmoid Tumors Market Include
1. Desmoid Tumors Market Executive Summary
2. Desmoid Tumors Market Segments
3. Desmoid Tumors Market Size And Template Market Growth Rate
4. Key Desmoid Tumors Market Trends
5. Major Desmoid Tumors Market Drivers
……
25. Key Mergers And Acquisitions In The Desmoid Tumors Market
26. Top Desmoid Tumors Companies
27. Desmoid Tumors Market Opportunities And Strategies
28. Desmoid Tumors Market, Conclusions And Recommendations
29. Appendix
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