Global Glioblastoma Multiforme Treatment Market

Glioblastoma Multiforme Treatment Market Size, Share, Growth Analysis, By Treatment Type (Chemotherapy, Radiation Therapy), By End User (Hospitals, Clinics, Ambulatory Surgical Centers), By Region - Industry Forecast 2025-2032


Report ID: SQMIG35D2105 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 65 | Figures: 75

Glioblastoma Multiforme Treatment Market Insights

Glioblastoma Multiforme Treatment Market size was valued at USD 2.72 Billion in 2023 and is poised to grow from USD 2.96 Billion in 2024 to USD 5.87 Billion by 2032, growing at a CAGR of 8.90% during the forecast period (2025-2032).

Owing to a variety of critical factors, the glioblastoma multiforme treatment market growth is expected to boost at a significant rate. The increasing prevalence of glioblastoma, coupled with an increased focus on research and development (R&D), is increasingly driving demand in the market. A strong product pipeline from major pharmaceutical companies, coupled with a rising incidence of brain tumors globally, is expected to drive growth in the market further. The Global Cancer Observatory reports 251,329 deaths from brain and central nervous system cancers across the globe in 2020 with 308,102 diagnoses. In 2021, the World Health Organization (WHO) reported more than 245,000 instances of brain and nervous system tumors, which requires efficient treatment options for this aggressive malignancy. However, the market is also constrained by several challenges facing it such as the expensive cost of care and the inability to come up with effective drugs. Pharmaceutical companies can't easily come up with effective drugs for GBM since it is quite aggressive, resistant to medication, and has a poor outcome. In addition, the high-priced novel drugs may limit access by patients mainly in developing countries. Despite all these challenges, there are a lot of opportunities in the glioblastoma multiforme treatment industry, especially related to creating immunotherapies, targeted therapies, and innovative therapy combinations. Due to advancements in personalized medicine and positive clinical trial results, which also open the door to increased chances of better outcomes for patients, this market has immense growth potential. 

US Glioblastoma Multiforme Treatment Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Glioblastoma Multiforme Treatment Market size was valued at USD 2.46 billion in 2022 and is poised to grow from USD 2.70 billion in 2023 to USD 5.66 billion by 2031, growing at a CAGR of 9.7% during the forecast period (2024-2031).

Companies such as Merck & Co., Novocure, and Roche lead the highly competitive glioblastoma multiforme treatment industry. To cater for the rapidly growing demand for more potent GBM treatment, these companies are focusing on innovative drugs such as immunotherapies and personalized treatment. Similarly, the market competition and the dynamic market environment with continuous innovation are further influenced by new biotechnological companies that are discovering new technologies aimed at crossing the blood-brain barrier.  'Roche Holding AG ', 'Merck & Co., Inc. ', 'Bristol-Myers Squibb Company ', 'Pfizer Inc. ', 'Novartis AG ', 'Amgen Inc. ', 'Eli Lilly and Company ', 'AbbVie Inc. ', 'Sanofi S.A. ', 'Bayer AG ', 'AstraZeneca plc ', 'Johnson & Johnson ', 'Takeda Pharmaceutical Company Limited ', 'GlaxoSmithKline plc ', 'Celgene Corporation ', 'Teva Pharmaceutical Industries Ltd. ', 'Sun Pharmaceutical Industries Ltd. ', 'Ipsen S.A. ', 'Sumitomo Dainippon Pharma Co., Ltd. ', 'Karyopharm Therapeutics Inc.'

Increased Personalized Medicine Adoption: Personalized or precision medicine has emerged as a major advancement in GBM therapy. This approach helps tailor medicines according to a patient's genetic profile, thereby allowing more specialized and efficient treatment options. Advances in genetics and biomarker testing make it easier to find the treatments that have the best chance of treating the patients. 

In 2023, North America had the highest share at 43.4%. The major factors driving the regional market growth are the favorable reimbursement policies, easy accessibility to quality health care facilities, rising awareness about rare conditions, and the support from the government towards the expansion of the healthcare sector. In 2022, the number of new cases of primary brain and spinal cord cancers will be predicted to reach 25,050 people in the US (14,170 men and 10,880 women). The American Cancer Society reveals that 85–90% of all primary CNS cancers occur in the brain. Moreover, 4,170 children in the US under the age of 15 had a diagnosis of brain or central nervous system cancers in 2022. 

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Global Glioblastoma Multiforme Treatment Market

Report ID: SQMIG35D2105

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