Overview of the Bone Cancer Market:
Bone cancer is one of the most dangerous types of cancer that can develop in humans. It is most common in people over the age of 50 and tends to affect people who are overweight or have poor muscle tone. It tends to be more common in people of Asian and European descent. The risk for developing bone cancer is increased for those people who lack vitamin D in their body, and those who consume large amounts of alcohol or drugs.
There are many different risk factors for developing bone cancer. Some people are at higher risk than others due to genetics. Those with the following might be at greater risk for having bone tumors: Children with birth defects that affect the hip, knee, or spine may develop bone cancer at a very young age. People who smoke regularly, and consume alcohol may also be at a higher risk for bone cancer.
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Market Dynamics:
High prevalence of bone cancer is expected to propel the growth of the bone cancer market over the forecast period. For instance, according to The American Cancer Society’s estimates for cancer of the bones and joints for 2020, about 3,600 new cases will be diagnosed and about 1,720 deaths from these cancers are expected, in the U.S.
Reimbursement for drugs is expected to offer lucrative growth opportunities for players in the global bone cancer market. For instance, a Centers for Medicare and Medicaid Services updated in January 2021, ensured that all Medicare patients have access to Strontium89, Q BioMed Inc.’s FDA approved non-opioid metastatic bone pain drug, in the appropriate setting.
Key Takeaways:
- R&D in bone cancer is expected to propel the growth of the bone cancer market over the forecast period. For instance, in October 2020, The Aveni Foundation and the Cancer Center of Southern California announced that the first participant of an FDA-approved clinical trial that assessed the efficacy of DeltaRex-G – tumor-targeted genetic medicine for the treatment of bone and soft tissue sarcoma, achieved an objective clinical benefit within 8 weeks.
- Major players operating in the global bone cancer market are focused on adopting partnership strategies to expand their product portfolio. For instance, in April 2020, QSAM Therapeutics Inc., a wholly-owned subsidiary of Q2Earth, Inc., signed a Patent and Technology License Agreement and Trademark Assignment with IGL Pharma, Inc. for Samaium-153 DOTMP, a clinical-stage novel radiopharmaceutical with the potential of treating various bone cancers and related diseases.
Top Players:
Major players operating in the global bone cancer market include Pfizer, Inc., Bayer Corporation, Novartis AG, Amgen, Merck, Takeda Pharmaceutical, and Johnson and Johnson
Segments Covered in the Report:
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2028. For the purpose of this study, Stratagem Market Insights has segmented the global Bone Cancer Market report on the basis of Types, Applications, and Regions.
By Product Type, the market is primarily segmented into:
- Chemotherapy
- Targeted Therapy
By Applications, the market is segmented into:
- Primary Bone Cancer
- Secondary Bone Cancer
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Regional Analysis:
The different section on regional segmentation gives the regional aspects of the worldwide Bone Cancer market. This chapter describes the regulatory structure that is likely to impact the complete market. It highlights the political landscape in the market and predicts its influence on the Bone Cancer market globally.
The global Bone Cancer market has been segmented into five major regions, namely, North America (U.S., Canada, and others), Europe (U.K., France, Germany, Russia, and others), Asia-Pacific (China, Japan, India, Australia, and others), South America (Brazil, Argentina, and others), Middle East & Africa (South Africa, Saudi Arabia, and others).
Market Estimation:
The data processed and validated in secondary and primary research is analyzed to compute market estimation statistics. It involves market breakdown, bottom-up, and top-down research. Our research team considers macroeconomic factors to forecast a comprehensive statistical time series. Each data point is validated through the process data triangulation method to derive the final market estimation.
How do we do our research?
Stratagem Market Insights follows a comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps the company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
- Primary Research (Trade Surveys and Experts Interviews)
- Desk Research
- Proprietor Data Analytics Model
Why You Should Buy This Report:
- The report provides an all-inclusive environment of the analysis for the market
- In-depth secondary research and primary interviews
- Impact of various social, political, and economic factors
- Porter’s Five Forces Analysis
- Competitive Landscape
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