Neuroendocrine Tumors Market research report contains most recent, ample and most advanced market information and a precious data. This global market report has been prepared with the combination of steps which employs a nice blend of industry insights, practical solutions, and latest tools and technologies. This market document gives out business purposes and endows with the best market research and analysis carried out with the advanced tools and techniques. Furthermore, the data is again checked and verified by the market experts before publishing it through Neuroendocrine Tumors Market report and providing it to the client.
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A neuroendocrine tumor is responsible for causing the maximum number of cancer-related deaths worldwide. Still, there is a lack of improvement in screening research due to the lack of funding and other resources from various regions for pancreatic cancer and associated disorders in developing counties. The pharmaceutical industry's lifeline is R&D. The success of major drug companies is almost wholly dependent upon the discovery and development of new medicines and their allocation of capital expenditures.
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The neuroendocrine tumors market is expected to gain market growth in the forecast period of 2020 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 10.4% in the forecast period of 2021 to 2028 and is expected to reach USD 5,300.53 million by 2028. Increased incidence of neuroendocrine tumor cases is acting as a driver for the neuroendocrine tumors market
Technological advancement for the detection of neuroendocrine tumors globally is expected to drive the market's growth rate
For diagnostic purposes, the novel diagnostic imaging techniques and biomarkers would become a bolster factor for increased partnerships and research collaborations. The novel diagnostic imaging methods would result in definite treatment of the patients. The use of diagnostic imaging would assist in early diagnosis and widen the scope of clinical applications. There would be a rise in collaborations between research industries and diagnostic industries. Hence, it will increase investments and public-private organizations' funds, ensuring the patients' safe health.
Report Scope and Market Overview:
REPORT METRIC | DETAILS |
Forecast Period | 2021 to 2028 |
Base Year | 2020 |
Historic Years | 2019 (Customizable to 2013 - 2018) |
Quantitative Units | Revenue in USD Million, Volumes in Units, Pricing in USD |
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Fundamental Aim of this Market Report
- Factors influencing This Market Size and growth rate.
- Major alterations to this market in the near future.
- Notable Market rivals around the world.
- Future Scope and Product Outlook
- Future-promising emerging markets.
- The Market Presents Difficult Challenges and Threats.
Major Players
Data Bridge Market Research recognizes the following companies as the major neuroendocrine tumors market players in advanced wound care market are F. Hoffmann-La Roche Ltd (Switzerland), Bristol-Myers Squibb Company (U.S.), Viatris Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Novartis AG (Switzerland), Teva Pharmaceutical Industries Ltd. (Israel), and Advanced Accelerator Applications (France).
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Market Development
- In January 2021, Sandoz declared that it had signed a legally binding contract for the intended acquisition of Aspen Global Incorporated's (AGI), a fully owned subsidiary of Aspen Pharmacare Holdings Limited, Japanese business. The intended acquisition entails AGI-owned Aspen Japan K.K. stock and related assets. According to the terms of the deal, Sandoz will pay an initial cash consideration of EUR 300 million at closure.
- For the treatment of adult patients with non-small cell lung cancer (NSCLC) that has progressed to other regions of the body, the U.S. FDA authorized Tabrecta (capmatinib) in May 2020. The first FDA-approved therapy for NSCLC with certain mutations is tabrecta (those that lead to mesenchymal-epithelial transition or MET exon 14 skipping).
Segment Analysis:
Global neuroendocrine tumors market is categorized into seven notable segments which are based on the classification, site, grade, type, route of administration, end user and distribution channel.
- On the basis of classification, the global neuroendocrine tumors market is segmented into functional net and non-functional net. In 2021, non-functional net segment is dominating the global neuroendocrine tumors market with the market share of 71.9% due to ease of identification and diagnosis and use of novel diagnostic method to remove the non-functional net.
- On the basis of site, the global neuroendocrine tumors market is segmented into lung, pancreas and gastrointestinal tract (GI). In 2021, gastrointestinal tract (GI) segment is dominating the global neuroendocrine tumors market with the market share of 52.71% due to the increased prevalence of gastric cancer and presence of strong product pipeline are predicted to dominate the market.
- On the basis of grade, the global neuroendocrine tumors market is segmented into grade 1 (low-grade tumor), grade 2 (intermediate-grade tumor) and grade 3 (high-grade tumor). In 2021, the grade 2 (intermediate-grade tumor) segment is dominating the market with the market share of 53.32% since it can be easily cured by therapeutic treatments and rise in grade 2 (intermediate-grade tumor) cases are predicted to dominate the market.
- On the basis of type, the global neuroendocrine tumors market is segmented into diagnosis and treatment. In 2021, the diagnosis segment is dominating the global neuroendocrine tumors market with the market share of 56.22% due to the increased incidence of pancreatic cancer tumor and increased adoption of automated point of care diagnosis in the market.
- On the basis of route of administration, the global neuroendocrine tumors market is segmented into oral and parenteral. In 2021, oral segment is dominating the global neuroendocrine tumors market with the market share of 58.94% due to availability of medication in oral form, greater patients compliance and ease of absorption.
- On the basis of end user, the global neuroendocrine tumors market is segmented into hospitals, specialty clinics, radiation centers, home healthcare and others. In 2021, hospitals segment is dominating the global neuroendocrine tumors market with the market share of 40.34% due to the availability of diagnostics machines to detect neuroendocrine tumour with the availability of healthcare policies.
Hospitals dominates the end user segment of the neuroendocrine tumors market
In 2021, hospitals segment will emerge as the dominating segment with 40.00% market share approximately. This is because of the rising awareness about the availability of treatment options among the population. Also, growth and expansion of the healthcare infrastructure will yet again bolster the growth and dominance of this segment.
- On the basis of distribution channel, the global neuroendocrine tumors market is segmented into direct tender, hospital pharmacy, retail pharmacy, online pharmacy and others. In 2021, direct tender segment is dominating the global neuroendocrine tumors market with the market share of 35.91% due to rise of suppliers in the market.
Direct tender dominates the distribution channel segment of the neuroendocrine tumors market
In 2021, direct tender segment will emerge as the dominating segment with 36.00% market share approximately. This is because of the cost of healthcare, healthcare service providers are focusing on better services for customers along with reducing the overall cost. Also, growth and expansion of the direct tender distribution channel will yet again bolster the growth and dominance of this segment.
Key highlights of this Market report:
- Growth rate
- Remuneration prediction
- Consumption graph
- Market concentration ratio
- Secondary industry competitors
- Competitive structure
- Major restraints
- Market drivers
- Regional bifurcation
- Competitive hierarchy
- Current market tendencies
- Market concentration analysis
What benefits does the DBMR study is going to provide?
- Latest industry influencing trends and development scenario
- Open up New Markets
- To Seize powerful market opportunities
- Key decision in planning and to further expand market share
- Identify Key Business Segments, Market proposition & Gap Analysis
- Assisting in allocating marketing investments
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Market Regulations
- Market Overview
Continued...
Key Benefits of the Report:
- This study presents the analytical depiction of this industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of this market share.
- The current market is quantitatively analyzed to highlight the market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed this industry analysis based on competitive intensity and how the competition will take shape in the coming years.
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