Glioblastoma Treatment Market Will Expand Fivefold to $3.3 Bn by 2024

Friday 8 April 2016, Amsterdam

Market Research Report Press Release The glioblastoma treatment market will increase fivefold from $659 million in 2014 to $3.3 billion by 2024, representing a rapid Compound Annual Growth Rate (CAGR) of 17.4%.

The company’s latest report* states that this meteoric rise, which will occur across the seven Major Markets (7MM) of the US, Spain, France, the UK, Italy, Germany and Japan, will primarily be due to the launch of new therapies for glioblastoma patients with high unmet needs.

Maxime Bourgognon, PharmD, the key player Analyst covering Oncology and Hematology, says: “Adults with glioblastoma have some of the highest levels of unmet need of any cancer patients. Despite progress having been made in treating the disease, survival rates remain low.

“Although glioblastoma is a rare disease, such high levels of unmet need in the market have created ample opportunities for players with effective therapies. However, developing drugs which effectively treat glioblastoma has proved exceedingly challenging to date, predominantly due to the presence of the blood-brain barrier, which prevents many drugs from entering the brain and attacking the tumor.”

Bourgognon explains: “Immunotherapies have shown significant efficacy in other oncology indications, and as they affect the tumor microenvironment rather than directly targeting the tumor, they make attractive candidates for glioblastoma treatments.

“Currently, Avastin dominates the market, working by inhibiting angiogenesis and disrupting the blood-brain barrier, which in turn leads to tumor starvation. Patients refractory to the drug, however, have scant treatment options, and Opdivo addresses this.”

Of the 7MM, Japan will see the most impressive relative growth, with sales expanding from $47 million in 2014 to $268 million in 2024, representing a CAGR of 19.7%.

As with the rest of the 7MM, growth will be driven by the introduction of new drugs such as Opdivo. However, higher pricing of the drug in Japan will result in the country’s even faster growth rate, according to GlobalData.

*OpportunityAnalyzer: Glioblastoma - Opportunity Analysis and Forecasts to 2024

This report provides analysis of the glioblastoma treatment space across the seven major countries of the US, France, Germany, Italy, Spain, the UK, and Japan, including annualized market data from 2014 and forecast to 2024. It discusses strategic competitor assessment, market characterization, unmet needs, clinical trial mapping and implications for the glioblastoma therapeutics market.
OpportunityAnalyzer: Glioblastoma - Opportunity Analysis and Forecasts to 2024

OpportunityAnalyzer: Glioblastoma - Opportunity Analysis and Forecasts to 2024

Publish date : December 2015
Report code : ASDR-267377
Pages : 206 Media contact: S. Koopman - Marketing and Communications / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216 - E :

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