Global Bone Cancer Treatment Market is valued at approximately USD 1.2 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.5% over the forecast period 2022-2029. Bone Cancer is a rare disease that affects bones. It begins with bones and can spread to other parts of the body and damages normal bone tissues. Osteosarcoma is considered the most common type of bone cancer that develops in the cells where new bone tissue forms. There are different treatment methods for bone cancer which include surgery, radiation therapy and chemotherapy. The increasing prevalence of bone cancer and growing penetration of cancer care services in developing regions as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The increasing incidences of bone cancers are contributing to the growth of the Global Bone Cancer Treatment Market. For instance, according to American Cancer Society’s estimates- in 2022, around 3910 new cases of bone cancer were reported in the United States, whereas approximately 2100 children & adults lost their lives due to bone cancer. Moreover, the most prevalent types of cancer in children and teens are Osteosarcoma with 56% prevalence, followed by Ewing tumors (34%), and Chondrosarcoma (6%). Also, growing government initiatives & reimbursement policies and rising healthcare infrastructure in developing regions would create a lucrative growth prospectus for the market over the forecast period. However, high treatment cost stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Bone Cancer Treatment Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the dominance of leading market players and increasing technological advancements in bone cancer treatment in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, increasing government spending on healthcare infrastructure and rising emergence of cancer care centers in the region.
Major market players included in this report are:
- Advaxis Inc.
- Takeda Pharmaceutical Company Limited
- Cancervax, Inc
- Cellectar Biosciences, Inc
- Pfizer, Inc
- Isofol Medical Ab
- Gradalis Inc
- Hikma Pharmaceutical PLC
- QSAM Biosciences, Inc.
- Zentalis Pharmaceuticals
Recent Developments in the Market:
In February 2022, CTI BioPharma Corp (CTIC.O) received approval for its drug for treating adult patients with bone marrow cancer from the U.S. Food and Drug Administration. Moreover, the new drug Vonjo (pacritinib), belongs to a class of anti-inflammatory treatments known as JAK inhibitors.
Global Bone Cancer Treatment Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Type, Drug Type, Distribution Channel, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type
- Osteosarcoma
- Chondrosarcoma
- Ewing Sarcoma
By Drug Type
- Immunotherapy and Targeted Therapy
- Chemotherapy
By Distribution Channel
- Hospital Pharmacies
- Drug Stores and Retail Pharmacies
- Online Pharmacies
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World