Osteosarcoma Market Overview:
Osteosarcoma Market is estimated to be valued at USD 791.08 Million by 2025 and is expected to register a CAGR of 6.09% during the forecast period.
The Global Osteosarcoma Market Trends was valued at USD 522.20 Million in 2018, and the market is estimated to grow to USD 791.08 Million by 2025 and is expected to register a CAGR of 6.09% during the forecast period from 2019 to 2025. In 2018, the Americas accounted for the largest market share of 40.02%, with a market value of USD 6,103.30 million, followed by Europe.
Osteosarcoma is a disease afflicting the bone, where there is a proliferation of osteoblasts. It is one of the most common type of cancer where immature bones are formed and is mostly common in children and teenagers. Market Research Future (MRFR) has launched a report on the global osteosarcoma market that is a compilation of all the pertinent trends and patterns that could affect the market over the forecast period of 2017-2023. MRFR has predicted a CAR of 6.40% over the forecast period.
Osteosarcoma Market Players:
- Pfizer Inc.
- Bristol-Myers Squibb Company
- Eli Lilly and Company
- Teva Pharmaceutical Industries Ltd.
- Baxter.
- Novartis AG
- Aurobindo Pharma
- Hikma Pharmaceuticals PLC.
- Mylan N.V. ADVAXIS INC.
Osteosarcoma Market Segmentation:
The osteosarcoma market has been segmented based on type, diagnosis, treatment, and end user.
- By type, the osteosarcoma market has been segmented into intramedullary osteosarcoma, juxtacortical osteosarcoma, and extra-skeletal osteosarcoma.
- By diagnosis, the osteosarcoma market has been segmented into biopsy, X-ray, MRI, CT Scan, bone scan, and others.
- By treatment, the osteosarcoma market has been segmented into chemotherapy, surgery, radiation therapy, and others.
- By end user, the osteosarcoma market has been segmented into hospitals & clinics, cancer research centers, and others.
Osteosarcoma Market Regional Analysis:
Region-wise, the osteosarcoma market has been segmented into the Americas, the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).
The Americas is leading the global osteosarcoma market on account of expanding population base of patients suffering from the disease, and elevating level of support from the government for R&D of new treatment options. The prevalence of the disease is increasing among children which has resulted in high diagnosis rate. The availability of advanced diagnosis and treatment options and a robust healthcare system also underpins the growth of the market. Various market players based in the region are also involved in aggressive R&D activities which further supports the growth of the market.
Europe has secured the second spot in the global osteosarcoma market. Intense R&D activities aimed at the development of new treatment options and surging awareness regarding the disease is supporting the growth of the market. Prolific growth of the medical device industry can also be credited for the growth of the market. The UK, France, and Germany are the key contributors to the Europe market.
The occurrence of osteosarcoma is soaring among children and is more dominant among males. Osteosarcoma is accountable for almost 2% of childhood cancers and its occurrence is very rare in adults. Rise in pediatric population is supporting the growth of the osteosarcoma market. Various therapies aimed at treating the disease are available in the market Such methods include chemotherapy, cisplatin, high-dose methotrexate with leucovorin. Aggressive R&D activities and clinical trials are underway to come up with new treatments and therapies which is likely to augment the growth of the market in the coming years.
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