According to Future Market Insights, the global market for Low-grade Glioma therapeutics is expected to experience a compound annual growth rate (CAGR) of 4.57% from 2023 to 2033. By 2033, the market is anticipated to reach a valuation of US$ 1515.47 Million, due to the increasing prevalence of low-grade Glioma therapeutics and the innovation of medications to treat the condition.
In recent years, the market for low-grade glioma therapeutics has seen significant growth, driven by advancements in cancer research and greater awareness among patients seeking effective treatments. Although low-grade gliomas are typically treated with a combination of surgery, radiation therapy, and chemotherapy, many patients experience disease recurrence, and the survival rate for low-grade gliomas is low.
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To address this issue, new drugs and therapies have been developed to specifically target low-grade gliomas. These include targeted therapies, immunotherapies, and gene therapies, which have shown promise in early-phase clinical trials. As these treatments continue to advance through the development pipeline, the market for low-grade glioma therapeutics is expected to grow further.
Key Takeaways from the Market Study
- The Low-grade Glioma therapeutics market is expected to grow at a value of 4.57% CAGR in the forecast period 2023 to 2033.
- By distribution channel, hospital pharmacies are expected to hold 40% of the market share in 2023 for Low-grade Glioma therapeutics market.
- North America is expected to possess 45% market share for Low-grade Glioma therapeutics market in 2023.
- Europe Low-grade Glioma therapeutics market size is expected to possess 37% market share in 2023.
“Development of targeted therapies along with innovation of medication to treat Low-grade Glioma is propelling the growth of the market.” states an FMI analyst
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Competitive Landscape
Key players in the low-grade Glioma therapeutics market are Day One Biopharmaceuticals, AnHeart Therapeutics, Beigene, SpringWorks Therapeutics, Servier, Helsinn, Forma Therapeutics, Hoffmann-La Roche, Incyte, Eli Lilly
- Day One Biopharmaceuticals, a key player in the Low-grade Glioma therapeutics market is focusing on innovating medications by integrating technology to treat the ailment.
- AnHeart Therapeutics, another key player in the Low-grade Glioma therapeutics market is focusing on researching and developing medications to treat the ailment at an early stage.
More Valuable Insights
North America is anticipated to have a significant share in the market, owing to the presence of major pharmaceutical companies, research and development activities, and increasing investments in healthcare infrastructure. The United States, in particular, is expected to contribute the most to the growth of the low-grade glioma market in this region.
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Key Segments Profiled in the Low-grade Glioma Therapeutics Industry Survey
Drug Class:
- Trametinib
- Dabrafenib
- Ivosidenib
- Mirdametinib
Route of Administration:
- Topical
- Oral
Distribution Channel:
- Online Pharmacies
- Hospital Pharmacies
- Retail Pharmacies
About the Healthcare at Future Market Insights
The healthcare domain team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
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