According to Nova one advisor, during the forecast period of 2022 to 2030, the global Solitary Fibrous Tumor Treatment market is estimated to develop at a compound annual growth rate (CAGR) of 4.5%.
According to Nova one advisor, during the forecast period of 2022 to 2030, the global Solitary Fibrous Tumor Treatment market is estimated to develop at a compound annual growth rate (CAGR) of 4.5%. The global Solitary Fibrous Tumor Treatment market size was valued at USD 40.5 Million in 2021, and it is predicted to exceed USD 65.3 Million by 2030. The study investigates several elements and their consequences on the growth of the Solitary Fibrous Tumor Treatment market.
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Increase in patient awareness about personal health boosts the demand for early diagnosis of rare cancer. Patients are more aware and proactive about their health and are willing to seek physician’s advice at an early stage.
Increase in per capita disposable income is encouraging people to spend more on healthcare, which, in turn, propels the global solitary fibrous tumor treatment marke .Awareness initiatives have increased public visibility of new treatments and diagnostic methods, thereby generating interest among solitary fibrous tumor patients
Report Scope of the Solitary Fibrous Tumor Treatment Market
|
Report Coverage |
Details |
|
Market Size |
US$ 65.3 Million by 2030 |
|
Growth Rate |
CAGR of 4.5% from 2022 to 2030 |
|
Largest Market |
North America |
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Fastest Growing Market |
Asia Pacific |
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Base Year |
2021 |
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Forecast Period |
2022 to 2030 |
Improved Diagnostic Procedures to Drive Global Market
In the past few decades, sustained advances through research & technology have led to more reliable methods for differentiating this distinct soft tissue tumor. Advances, specifically in immunohistochemistry and molecular diagnostics, have identified CD34 as the most consistent marker in solitary fibrous tumor. More recently, the discovery of the NAB2-STAT6 fusion gene has led to more precise diagnosis of solitary fibrous tumor. Hence, improvement and new development of diagnostic procedures are anticipated to drive the global solitary fibrous tumor treatment market.
High Cost of Treatment to Hamper Global Market
Several studies have suggested that people with rare diseases face higher healthcare costs than those with common diseases. Solitary fibrous tumor is a very rare disease. Treatment involves surgery and therapies such as radiation therapy and chemotherapy. However, high cost of therapies and other immunotherapies is expected to deter patients from availing these treatments.
Surgery to be Remain Treatment Method
The global solitary fibrous tumor treatment market has been segmented based on treatment and end-user. In terms of treatment, the global solitary fibrous tumor market has been classified into surgery, radiation therapy, and adjuvant chemotherapy. The surgery segment is likely to account for major share of the global market by 2031, due to increase in demand for surgery, as surgical management has been the mainstay treatment for solitary fibrous tumor.
Hospitals to be Key End-user
In terms of end-user, the global solitary fibrous tumor treatment market has been divided into hospitals, ambulatory surgical centers, and others. The hospitals segment is projected to expand at a high CAGR during the forecast period due to rise in patient preference for all types of treatment facility under one roof.
North America to Dominate Global Market
The global solitary fibrous tumor treatment market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global solitary fibrous tumor treatment market in 2020, followed by Europe. North America accounted for major share of the global solitary fibrous tumor treatment market in 2020 due to high awareness and increase in demand for disease risk assessment services for cancer treatment.
The solitary fibrous tumor treatment market in Asia Pacific is projected to expand at a high CAGR from 2022 to 2030. Rise in number of patients, high healthcare expenditure, and geographic expansion by major players, especially in China and India, are anticipated to drive the solitary fibrous tumor treatment market in the region.
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Some of the prominent players in the Solitary Fibrous Tumor Treatment market include:
- Pfizer, Inc.
- F. Hoffmann-La Roche Ltd.
- Eli Lilly and Company
- Bayer AG
- Novartis AG
Segments Covered in the Report
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:
Global Solitary Fibrous Tumor Treatment Market: Segmentation
- Solitary Fibrous Tumor Treatment Market, by Treatment
- Surgery
- Radiation Therapy
- Adjuvant Chemotherapy
- Solitary Fibrous Tumor Treatment Market, by End-user
- Hospitals
- Ambulatory Surgical Clinics
- Others
Regional Segmentation
- Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
- Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
- North America [United States, Canada, Mexico]
- South America [Brazil, Argentina, Columbia, Chile, Peru]
- Middle East & Africa [GCC, North Africa, South Africa]
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Key Questions Answered in Solitary Fibrous Tumor Treatment Market Report
What will be the sales/revenue generated by Solitary Fibrous Tumor Treatment across all regions during the forecast period?
What are the opportunities in the global Solitary Fibrous Tumor Treatment market?
What are the major drivers, restraints, opportunities, and threats in the market?
Which regional market is set to expand at the fastest CAGR during the forecast period?
Which application is expected to generate the highest revenue globally in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?
What is the market position of different companies operating in the global market?
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