Brain Tumor Drugs Global Market Opportunities and Strategies Report 2022 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Brain Tumor Drugs Global Market Opportunities And Strategies To 2030, By Drugs, End User" report has been added to ResearchAndMarkets.com's offering.
The global brain tumor drugs market reached a value of nearly $5,656.4 million in 2020, having increased at a compound annual growth rate (CAGR) of 12.5% since 2015. The market is expected to grow from $5,656.4 million in 2020 to $9,128.1 million in 2025 at a rate of 10%. The market is then expected to grow at a CAGR of 8.8% from 2025 and reach $13,932 million in 2030.
Growth in the historic period in the brain tumor drugs market resulted increasing prevalence of neurological disorders, increased healthcare expenditure, increased number of approvals for oncology (cancer) drugs, increase in pharmaceutical R&D expenditure, and advances in cancer drug discovery. The market was restrained increasing use of targeted therapies, pricing pressures from regulators, challenges due to regulatory changes, and low healthcare access.
Going forward, increase in cancer incidence rate, rise in healthcare expenditure, increasing geriatric population, strong pipeline of drugs, and revised FDA regulations to facilitate biologics drug development. Factors that could hinder the growth of the market in the future include high costs of drugs, rise in interest rates, rising popularity of alternative therapies and natural remedies, and coronavirus pandemic.
The brain tumor drugs market is segmented by drugs into temozolomide, bevacizumab, and others. The others was the largest segment of the brain tumor drugs market segmented by drugs, accounting for 69.3% of the total in 2020. Going forward, the Temozolomide segment is expected to be the fastest growing segment in the brain tumor drugs market segmented by drugs, at a CAGR of 15.2% during 2020-2025.
The brain tumor drugs market is also segmented by end-user into hospital pharmacies, retail pharmacies and other end-users. The hospital pharmacies market was the largest segment of the brain tumor drugs market segmented by end-user, accounting for 53.4% of the total in 2020. Going forward, the other end-users segment is expected to be the fastest growing segment in the brain tumor drugs market segmented by end-user, at a CAGR of 11.1% during 2020-2025.
Asia Pacific was the largest region in the brain tumor drugs market, accounting for 31.8% of the total in 2020. It was followed by the North America, Western Europe and then the other regions. Going forward, the fastest-growing regions in the brain tumor drugs market will be Asia Pacific and Western Europe where growth will be at CAGRs of 11.8% and 9.9% respectively during 2020-2025. These will be followed by South America and North America, where the markets are expected to register CAGRs of 9.4% and 9.1% respectively during 2020-2025.
The global brain tumor drugs market is fragmented, with a large number of players. The top ten competitors in the market made up to 28.1% of the total market in 2020. Major players in the market include F. Hoffmann-La Roche Ltd, Novartis AG, Amgen Inc., Pfizer Inc., and Merck & Co. Inc.
The top opportunities in the brain tumor drugs market segmented by drugs will arise in the others segment, which will gain $2,494.7 million of global annual sales by 2025. The top opportunities in the brain tumor drugs market segmented by end-user will arise in hospital pharmacies segment, which will gain $1,804.9 million of global annual sales by 2025.
Market-trend-based strategies for the brain tumor drugs includes investing in combination of drugs for brain tumor treatment, adapting the use of phase zero clinical trials to improve efficacy, use of technology for drug delivery that improves the efficacy of the drug, focus on the expansion of cell and gene therapy, and carrying out strategic mergers and acquisitions.
Player-adopted strategies in the brain tumor drugs market include focusing on new product development, strategic collaborations, expanding business presence in developed and emerging regions, strategic acquisitions and agreements, and strengthening their product portfolio by new drug approvals.
To take advantage of the opportunities, the publisher recommends the brain tumor companies to focus on combination of drugs to help with treatment, adopt phase zero clinical trials, focus on nanotechnology for drug delivery and tumor treatment, focus on expansion of cell and gene therapy & CAR-T for brain tumors, expanding in emerging markets, set up authorized distributors and sales representatives, bundled payments, skimmed pricing, adopt premium pricing, participate in trade shows and events, increase visibility through business websites and listing websites, use big data analytics to improve marketing activities, targeting hospitals and pharmacies to spread awareness, and targeting the geriatric population.
Key Topics Covered:
1. Brain Tumor Drugs Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1. Segmentation By Geography
7. Brain Tumor Drugs Market Characteristics
7.1. Market Definition
7.2. Market Segmentation By Drugs
7.2.1. Temozolomide
7.2.2. Bevacizumab
7.2.3. Others
7.3. Market Segmentation By End-User
7.3.1. Hospital Pharmacies
7.3.2. Retail Pharmacies/Drug Stores
7.3.3. Other Pharmacies
8. Brain Tumor Drugs Market Trends And Strategies
8.1. Combination Of Drugs To Help With Treatment
8.2. Adapting Phase Zero Clinical Trials
8.3. Nanotechnology For Drug Delivery And Tumor Treatment
8.4. Expansion Of Cell And Gene Therapy & CAR-T For Brain Tumors
8.5. Increasing Mergers And Acquisitions
9. Impact Of COVID-19 On Brain Tumor Drugs Market
9.1. Clinical Trial Delays
9.2. Low Usage Of Drugs
9.3. Supply Chain Issues
9.4. Shortage In Resources
9.5. Impact on Patients
9.6. Future Outlook
10. Global Brain Tumor Drugs Market Size And Growth
10.1. Market Size
10.2. Historic Market Growth, 2015 - 2020, Value ($ Million)
10.2.1. Drivers Of The Market 2015 - 2020
10.2.2. Restraints On The Market 2015 - 2020
10.3. Forecast Market Growth, 2020 - 2025, 2030F, Value ($ Million)
10.3.1. Drivers Of The Market 2020 - 2025
10.3.2. Restraints On The Market 2020 - 2025
11. Global Brain Tumor Drugs Market Segmentation
11.1. Global Brain Tumor Drugs Market, Segmentation By Drugs, Historic And Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
11.2. Global Brain Tumor Drugs Market, Segmentation By End-User, Historic And Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
12. Brain Tumor Drugs Market, Regional And Country Analysis
12.1. Global Brain Tumor Drugs Market, By Region, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
12.2. Global Brain Tumor Drugs Market, By Country, Historic and Forecast, 2015 - 2020, 2025F, 2030F, Value ($ Million)
Companies Mentioned
- F. Hoffmann-La Roche Ltd.
- Novartis AG
- Amgen Inc.
- Pfizer Inc.
- Merck & Co. Inc.
- CordenPharm
- Eisai Co., Ltd.
- Emcure Pharmaceuticals Limited
- AstraZeneca
- Y-mAbs Therapeutics
For more information about this report visit https://www.researchandmarkets.com/r/c7z719
Contacts
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Editor Details
-
Company:
- Businesswire