According to a new market report published by Transparency Market Research “Pipeline Review of Glioblastoma Treatment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2022,” the global glioblastoma treatment market was valued at USD 0.34 billion in 2013 and is estimated to reach USD 0.91 billion by 2022 at a CAGR of 11.4% from 2014 to 2022.
Browse the full Pipeline Review of Glioblastoma Treatment Market Report at http://www.transparencymarketresearch.com/pipeline-review-of-glioblastoma-treatment-market.html
According to Columbia University Medical Center, GBM is the most malignant form of high-grade astrocytoma and is observed to be the most common adult primary brain tumor and make up approximately half of all astrocytomas. According to American Brain Tumor Association, there are two types of glioblastomas which are primary and secondary. Increasing incidence of glioblastoma multiforme is one of the prime factor driving the growth of the market globally. For instance, according to the U.S National Cancer Institute, in year 2015 22,850 cases are expected growing at 1.4% rate compared to 2014 and around 15,320 deaths growing at 2.6% compared to last year. GBM is considered as the most aggressive form of brain cancer which grows rapidly and develops glioma that represents overall 15.4% of all primary brain tumors and about 60% - 75% of all astrocytoma.
The global glioblastoma treatment market, by drugs was valued at USD 341.4 million in 2013 and is anticipated to reach USD 910.9 million by 2022, expanding at a CAGR of 11.4% from 2014 to 2022. Factors such as rising geriatric population, various organizations generating awareness coupled with introduction of novel therapies are driving the growth of this market. In addition, rising awareness against various types of brain tumors, development in drug delivery technologies and combination of modern diagnostic techniques are also supporting the growth of the market....