The 7 major solid tumors markets reached a value of US$ 170.3 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 375.4 Billion by 2034, exhibiting a growth rate (CAGR) of 7.45% during 2024-2034.
Report Attribute
|
Key Statistics
|
---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 170.3 Billion |
Market Forecast in 2034
|
US$ 375.4 Billion |
Market Growth Rate (2024-2034)
|
7.45% |
The solid tumors market has been comprehensively analyzed in IMARC's new report titled "Solid Tumors Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". A solid tumor refers to a type of abnormal growth or mass formed by the uncontrolled proliferation of cells in a specific tissue or organ. This condition can be either benign or malignant. Benign tumors are non-cancerous and they often have well-defined borders, whereas malignant tumors are cancerous and have the potential to invade nearby tissues and spread to distant organs through a process known as metastasis. Some common symptoms associated with the illness include the presence of a palpable lump or mass, pain, discomfort, changes in bowel or bladder habits, fatigue, unexplained weight loss, indigestion, nausea, vomiting, persistent cough, difficulty swallowing, etc. Diagnosing solid tumors typically involves a combination of medical history evaluation, clinical feature assessment, and physical examination. Several imaging techniques, like positron emission tomography (PET) scans, ultrasounds, X-rays, etc., are also utilized to detect metabolic activity in cells and identify possible areas of cancer. In addition to this, the healthcare provider may perform a tissue biopsy, followed by laboratory tests, to determine the specific type and grade of the tumor.
The increasing cases of genetic mutations or inherited conditions, which can disrupt normal cell growth and division, leading to uncontrolled cell proliferation, are primarily driving the solid tumors market. In addition to this, the rising incidences of numerous associated risk factors, including exposure to tobacco smoke, viral infections, chronic inflammation, advancing age, hormonal imbalance, obesity, etc., are creating a positive outlook for the market. Moreover, the widespread adoption of targeted therapy drugs, such as dabrafenib mesylate, larotrectinib sulfate, pembrolizumab, etc., for reducing the symptoms of the ailment is further bolstering the market growth. These agents help to treat tumors by interfering with specific molecules or proteins that cause cancer to grow and spread throughout the body. Apart from this, the inflating application of angiogenesis inhibitors which prevent the formation of new blood vessels, thereby restricting blood supply to the tumor, is acting as another significant growth-inducing factor. Additionally, the emerging popularity of radiotherapy, owing to its several benefits, such as non-invasiveness, effective tumor control, preservation of organ function, etc., is expected to drive the solid tumors market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the solid tumors market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for solid tumors and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the solid tumors market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current solid tumors marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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Vitrakvi (Larotrectinib) | Bayer/Loxo Oncology |
Xgeva (Denosumab) | Amgen |
Retevmo (Selpercatinib) | Loxo oncology |
Keytruda (Pembrolizumab) | Merck & Co |
RMC 4630 | REVOLUTION Medicine |
AZD 9592 | AstraZeneca |
Ceralasertib | AstraZeneca |
PRL3-zumab | Intra-Immusg |
CPO 100 | Conjupro Biotherapeutics |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Solid Tumors: Current Treatment Scenario, Marketed Drugs and Emerging Therapies