The report "Glioblastoma Multiforme Drug Market by Therapy (Chemotherapy, Immunotherapy), Drug Class, End Use, Region (North America, Europe, Asia Pacific, and Rest of the World) – Global Forecast to 2027" global glioblastoma multiforme drug market is projected to reach USD ~880 million by 2027 from USD 600 million in 2022, at a CAGR of 8% during the forecast period
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Factors such as the rising prevalence of glioblastoma multiforme, increased research & development investments in the space, and favorable regulatory environments will drive the market growth of glioblastoma multiforme drug market over the forecast period.
The chemotherapy segment accounted for the largest share of the glioblastoma multiforme drug market in 2021.
Based on therapy, the glioblastoma multiforme drug market is segmented into chemotherapy, targeted therapy, and immunotherapy. In 2021, the chemotherapy segment accounted for the largest share of the glioblastoma multiforme drug market. In addition to chemotherapy and surgery, radiation therapy may be suggested as the first line of treatment. In the event of a recurrence, it is also highly effective and advised for brain tumors. The tumor is more susceptible to radiation when temozolomide is added to radiotherapy. Radiation therapy with temozolomide is more efficient than radiation alone.
North America to command the largest share of the glioblastoma multiforme drug market in 2021
Based on region, the glioblastoma multiforme drug market is segmented into North America, Europe, the Asia Pacific, and Rest of the World. North America accounted for the largest share of the glioblastoma multiforme drug market in 2021. Some of the key factors attributable for the largest market share are government support for the growth of the healthcare industry, as well as high awareness of rare conditions, easy access to high-quality medical facilities, and favorable reimbursement policies.
Prominent players in the glioblastoma multiforme drug market include Merck & Co., Inc. (US), Teva Pharmaceutical Industries Ltd. (Israel), Sun Pharmaceutical Industries Ltd. (India), F. Hoffmann-La Roche Ltd. (Switzerland), Pfizer, Inc. (US), Amgen, Inc. (US), Arbor Pharmaceuticals LLC (US), Amneal Pharmaceuticals (US).
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