Sarcoma Drugs Market Report 2023: Market Size, Drivers, And Trends
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The global sarcoma drugs market is expected to grow from $1.18 billion in 2022 to $1.28 billion in 2023 at a compound annual growth rate (CAGR) of 8.38%. The global sarcoma drugs market size is expected to reach $1.79 billion in 2027 at a CAGR of 8.76%.
North America held the largest sarcoma drugs market share.
Sarcoma Drugs Market Driver
Rising soft tissue sarcoma cases are predicted to drive the sarcoma medicines market ahead. Soft tissue sarcoma is a type of cancer that begins in the body’s soft tissues, such as muscles, fat, tendons, lymph nodes, and nerves. Sarcoma medications are used in the healthcare business to treat bone and soft tissue sarcoma by targeting and dividing cancer cells. According to a report issued by the American Cancer Society, a cancer-fighting organisation located in the United States, around 13,400 new soft tissue sarcomas will be identified in the United States in January 2023, with approximately 5140 people projected to die from soft tissue sarcomas.As a result, the increasing prevalence of soft tissue sarcoma is fueling the expansion of sarcoma medications.
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Prominent Sarcoma Drugs Market Trend
The development of novel and innovative medicines has emerged as a prominent trend in the sarcoma medications industry. Major firms in the sarcoma medications industry are developing new and innovative therapies to increase their market position. For example, in November 2021, Aadi Bioscience, a biopharmaceutical company based in the United States, developed Fyarro, a novel cancer drug for the treatment of an ultrarare and aggressive form of sarcoma. Fyarro is an injectable suspension of sirolimus protein linked particles that can be utilised in people with advanced perivascular epithelioid cell tumour (PEComa). According to Aadi Bioscience’s chief operating officer, Fyarro will become routine therapy for individuals with PEComa.
Sarcoma Drugs Market Prominent Players
Major players in the sarcoma drugs market are Amgen Inc., Bayer AG, Eisai Co. Ltd., Eli Lilly & Company, GSK PLC., F Hoffmann-La Roche Ltd., Johnson & Johnson, Novartis AG, Pfizer Inc., AgonOX Inc., Daiichi Sankyo Company Limited, Merck & Co Inc., Abbott Laboratories, AbbVie Inc. and Amneal Pharmaceuticals LLC.
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Key Sarcoma Drugs Market Segments
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
The Sarcoma Drugs Global Market Report 2023 provides a comprehensive overview on the sarcoma drugs market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the sarcoma drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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