Solid Tumor Cancer Treatment Market Analysis 2024 – Estimated Market Size And Key Drivers

The Solid Tumor Cancer Treatment by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Solid Tumor Cancer Treatment, The solid tumor cancer treatment market size has grown rapidly in recent years. It will grow from $200.53 billion in 2023 to $230.8 billion in 2024 at a compound annual growth rate (CAGR) of 15.1%.  The growth in the historic period can be attributed to advancements in research and development, drug development and approvals, increased cancer incidence rates, growing aging population, patient advocacy and awareness.

The solid tumor cancer treatment market size is expected to see rapid growth in the next few years. It will grow to $382.85 billion in 2028 at a compound annual growth rate (CAGR) of 13.5%.  The growth in the forecast period can be attributed to personalized medicine trends, immunotherapy advancements, global health challenges and emerging diseases, regulatory frameworks and drug approvals, shifts in healthcare financing and reimbursement models. Major trends in the forecast period include immunotherapy advancements, precision medicine and biomarker identification, combination therapies, digital health integration, technological innovations in treatment modalities.

The increasing incidence of cancer significantly contributes to the growth of the solid tumor cancer treatment market going forward. Cancer is a severe disorder in which the body’s cells reproduce fast and uncontrollably, resulting in abnormal growth. Solid tumor cancer treatment refers to a treatment that is used to remove the solid tumor from the body of patients who have cancer. For instance, in 2022, according to a report by the American Cancer Society, the estimated number of new cancer Cases in 2021 was 1,898,160, which increased to 1,918,030 in 2022. Therefore, an increasing incidence of cancer is driving the growth of the solid tumor cancer treatment market.

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The solid tumor cancer treatment market covered in this report is segmented –
1) By Type: Chemotherapy, Targeted Therapy, Immunotherapy, Hormone Therapy, Surgical Procedures
2) By Application: Breast Cancer, Cervical Cancer, Colorectal Cancer, Lung Cancer, Prostate Cancer, Other Applications
3) By End-Users: Hospitals, Research Institutes, Homecare

Top Major Players:

• AstraZeneca PLC
• Amgen Inc.
• Braun Melsungen AG
• Bristol Myers Squibb & Company
• Eli Lilly & Company

North America was the largest region in the solid tumor cancer treatment market in 2023.

Product innovations have emerged as a key trend gaining popularity in the solid tumor cancer treatment market. Major companies operating in the solid tumor cancer treatment market are focusing on innovating new products and treatments to sustain their position in the market. For instance, in March 2022, Shanghai Henlius Biotech, a China-based biopharmaceutical company, launched the PD-1 inhibitor HANSIZHUANG, its first innovative monoclonal antibody. It was developed for the treatment of adults with advanced, unresectable, or metastatic MSI-H (microsatellite instability—high) solid tumors that have not responded to prior conventional treatments. The approval of HANSIZHUANG gives patients with MSI-H solid tumors fresh hope and better matches the demand for clinical treatment and tumor medicine. It also fosters the high-quality development of China’s biopharmaceutical industry and empowers domestic precision immunotherapy for cancer.

The solid tumor cancer treatment market report table of contents includes:
1. Executive Summary
2. Solid Tumor Cancer Treatment Market Characteristics
3. Global Solid Tumor Cancer Treatment Market Trends And Strategies
4. Solid Tumor Cancer Treatment Market – Macro Economic Scenario
5. Global Solid Tumor Cancer Treatment Market Size and Growth
…….
26. Global Solid Tumor Cancer Treatment Market Competitive Benchmarking
27. Global Solid Tumor Cancer Treatment Market Competitive Dashboard
28. Key Mergers and Acquisitions Solid Tumor Cancer Treatment Market
29. Solid Tumor Cancer Treatment Market Future Outlook and Potential Analysis
30. Appendix

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