Sarcoma Drugs Market By Disease Indication (Malignant bone tumors, Soft tissue sarcoma), By Treatment (Chemotherapy, Targeted drug therapy), By End User (Hospital and clinics, Cancer research center): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global sarcoma drugs market was valued at $1,127 million in 2021, and is projected to reach $2,497.1 million by 2031, growing at a CAGR of 8.3% from 2022 to 2031. Sarcoma is a form of cancer that develops in soft tissues such as cartilage, fat, muscle, blood vessels, fibrous tissue, and other connective or supportive tissues as well as in bone. Based on where the cancer develops, there are various varieties of sarcoma. For instance, rhabdomyosarcoma develops in muscles, liposarcoma develops in fat, and osteosarcoma develops in bones. The type and grade of the cancer determines course of treatment and prognosis (how abnormal the cancer cells look under a microscope and how quickly the cancer is likely to grow and spread). Both children and adults can develop sarcoma. Chemotherapy and targeted therapy are two treatment options available for sarcoma treatment.
The sarcoma drugs market is driven by rise in prevalence of cancer, technological advancements in development of sarcoma drugs, and rise in number of product launches and approvals for sarcoma drugs. For instance, according to the World Cancer Research Fund International, it was reported that 18,094,716 cancer cases were diagnosed across the globe. In addition, rise in prevalence of soft tissue sarcoma fuels demand for sarcoma drugs for treatment purpose. Thus, this factor is anticipated to drive growth of the sarcoma drugs market. For instance, according to the American Cancer Society, in 2022, it was estimated that about 13,190 new soft tissue sarcomas will be diagnosed, among them 7,590 in males and 5,600 in females in the U.S. in 2022. As per the same source, it was estimated that around 5,130 people (2,740 males and 2,390 females) are expected to die of soft tissue sarcomas.
The global sarcoma drugs market is predicted to develop as more patients battle soft tissue sarcoma, which causes increase in shift of consumer preference toward medicinal treatment over surgical procedures. The use of chemotherapy and targeted therapy supported by a number of advantages, including quicker healing, lower morbidity and mortality, and shorter hospital stays.
Geriatric population is more susceptible to chronic diseases such as cancer. Rise in number of geriatric populations increases demand of sarcoma drugs for cancer treatment. Thus, this factor contributes toward growth of the sarcoma drugs market. In addition, governments globally have increased the expenditure on the healthcare sector. For instance, according to the Centers for Medicare & Medicaid Services, the U.S. health care spending grew by 9.7% from 2019 to 2020, reaching $4.1 trillion ($12,530 per person). Similarly, as per the Office for National Statistics, total healthcare expenditure in the UK accounted for 12.8% of the gross domestic product (GDP) in 2020, compared to 10.2% in 2019. Furthermore, it has been estimated that approximately 30% of the healthcare expenditure is used in upgrading the healthcare infrastructure, especially medical equipment used at public health centers (hospitals). Hence, this rise in healthcare expenditure across the globe is expected to fuel demand for sarcoma drugs in different disease treatments, which boosts the market growth.
On the other hand, high cost associated with sarcoma drugs and side effects of chemotherapy hinder the market growth.
The global sarcoma drugs market is segmented on the basis of disease indication, treatment, end user, and region. On the basis of type the market is segmented into malignant bone tumors and soft tissue sarcoma. The soft tissue sarcoma segment is further sub-segmented into dermatofibrosarcoma, leiomyosarcoma, synovial cell sarcoma, rhabdomyosarcoma, and others. On the basis of treatment, the market is segmented into chemotherapy and targeted drug therapy. By end user, it is bifurcated into hospitals & clinics and cancer research centers. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global sarcoma drugs market include Bristol-Myers Squibb Company, Novartis AG, Merck & Co., Inc., Hoffmann-La Roche AG., Daiichi Sankyo Company, Limited., AgonOX, Inc. and Eisai Co., Ltd.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the sarcoma drugs market analysis from 2021 to 2031 to identify the prevailing sarcoma drugs market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the sarcoma drugs market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global sarcoma drugs market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Disease Indication
Malignant bone tumors
Soft tissue sarcoma
Type
Dermatofibro sarcoma
Leiomyosarcoma
Synovial cell sarcoma
Rhabdomyo sarcoma
Others
By Treatment
Chemotherapy
Targeted drug therapy
By End User
Hospital and clinics
Cancer research center
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Baxter Healthcare Corporation
BRISTOL-MYERS SQUIBB COMPANY
Daiichi Sankyo Company, Limited
AgonOX, Inc.
Eisai Co., Ltd.
GlaxoSmithKline, plc.
Hoffmann-La Roche AG.
Johnson and Johnson
MERCK & CO., INC.
Novartis AG
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