Pontine glioma drugs are medications designed to treat pontine gliomas, a highly aggressive and fatal brain tumor located in the pons, a part of the brainstem. These drugs are aimed at shrinking or slowing the growth of the cancer, alleviating symptoms, and improving the patient’s quality of life.
Sizing and Forecast
The pontine glioma drugs market size has grown rapidly in recent years. It will grow from $0.88 billion in 2023 to $0.98 billion in 2024 at a compound annual growth rate (CAGR) of 11.0%. The growth in the historic period can be attributed to growing awareness and acceptance, advancements in medical imaging, and research efforts and clinical trials.
The pontine glioma drugs market size is expected to see rapid growth in the next few years. It will grow to $1.50 billion in 2028 at a compound annual growth rate (CAGR) of 11.2%. The growth in the forecast period can be attributed to advancements in precision medicine, global collaboration and funding, global collaboration and funding, immunotherapy innovations, and targeted therapies. Major trends in the forecast period include immunotherapy advancements, nanotechnology, gene therapy, combination therapies, and regulatory landscape.
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Segmentation & Regional Insights
The pontine glioma drugs market covered in this report is segmented –
1) By Type: Diffuse Brain Stem Glioma, Focal Brain Stem Glioma, Recurrent Brain Stem Glioma
2) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy
3) By Application: Cancer Research Institutes, Diagnostic Laboratories, Hospitals
North America was the largest region in the pontine glioma drugs market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pontine glioma drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The rise in demand for personalized medicine is expected to propel the growth of the pontine glioma drugs market going forward. Personalized medicine is an innovative approach that uses information about an individual’s genomic, environmental, and lifestyle factors to guide decisions related to their medical management. The growing demand for personalized medicine is driven by its potential to provide more effective treatments, advancements in genomics, increasing disease complexity, and regulatory support. Personalized medicine significantly treats pontine gliomas by tailoring therapies to the specific genetic characteristics of the tumor and the individual patient. For instance, in February 2024, according to the Personalized Medicine Coalition, a US-based non-profit organization, the Food and Drug Administration (FDA) approved 16 novel personalized therapies for patients with rare diseases in 2023, compared to six in 2022. Therefore, the rise in personalized medicine is driving the growth of the pontine glioma drugs market.
Key Industry Players
Major companies operating in the pontine glioma drugs market are Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Sanofi S.A, Bristol-Myers Squibb Company, AstraZeneca, Novartis AG, GlaxoSmithKline PLC, Eli Lilly and Company, Teva Pharmaceutical Industries, Daiichi Sankyo Company Limited, The Menarini Group, Y-mAbs Therapeutics, Agios Pharmaceuticals, Kazia Therapeutic, DNAtrix Inc., Aminex Therapeutics Inc., Accendatech Co Ltd, Arog Pharmaceuticals, Kintara Therapeutics Inc., Medicenna Therapeutics, Alaunos Therapeutics, Biodexa Pharmaceuticals PLC
The pontine glioma drugs market report table of contents includes:
1. Executive Summary
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