Bone
Cancer Treatment Market Size and Growth Rate:
According to the Research Report by Research Cosmos , the global
bone cancer treatment market was estimated at USD 62,85.60 million in 2018,
and it is expected to be valued at USD 83,670.90 million in 2024, while
observing a CAGR of 4.90%.
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Cancer Treatment Market @ https://www.researchcosmos.com/reports/bone-cancer-treatment-market/99660027
Bone
Cancer Treatment Market Overview:
Although it estimates for much less than one
percent of all cancers, the market of bone cancer is anticipated to grow at a
steady rate during the projected period from 2016–2024. This growth is expected
to be driven by various factors, such as R&D practices working across the
globe, raising awareness amongst the community for bone cancer and other bone
disorders, increasing medical support and technological improvements. Owing to
R&D practices, a number of medications and formulations are under pipeline
studies and are anticipated to enter the market during the forecast period.
Nevertheless, the low prevalence of the disease is the main hurdle in the market
growth, followed by the high cost of R&D, diagnosis and treatment.
The chemotherapeutic drugs recommended for the
treatment of bone cancer do not have an effective treatment regime, as it
always varies according to the regular conditions, and the way the patient’s
body reacts to the drug. The associated side effects, risks, and constraints of
the treatment are restricting the growth of the global bone cancer treatment
market.
On the basis of therapies or procedures
available, the market is categorized as radiation therapy, chemotherapy,
cryosurgery, and surgical procedures. The main surgical practices used to treat
bone disease are limb amputation surgery and limb salvage surgery or
limb-sparing surgery. In radiation treatment, high energy X-rays or gamma-rays
are used to destroy tumors. Chemotherapy is a pharmacological approach that
includes the use of anti-cancer drugs. Main drugs include strontium-89
chloride, bisphosphonates, methotrexate, and doxorubicin, amongst others.
Cryosurgery is seldom used in lieu of conventional surgery to kill tumors.
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Bone
Cancer Treatment Market Geographical Insights:
North America currently manages the bone cancer
treatment market, and it is anticipated to continue its stronghold for a few
more years. This region is anticipated to increase its market share in the
future, owing to the point that mainly in the U.S., many clinical trials are
undertaken for bone cancer therapies.
Advanced markets such as the U.S., U.K., Japan,
Canada, Australia, Deutschland, and Spain have robust healthcare support that
provides patients with easy access to advanced healthcare departments, which
aids in the early diagnosis of bone cancer.
Bone cancer treatment market is expected to be
driven by various factors, such as R&D practices working across the globe,
raising awareness amongst the community for bone cancer and other bone
disorders, increasing medical support and technological improvements.The
associated side effects, risks, and constraints of the treatment are
restricting the growth of the market.North America currently dominates the bone cancer treatment market, and it is anticipated to
continue its stronghold for a few more years.
Key
Players of the Bone Cancer Treatment Market:
- Amgen
- Baxter
- Bayer AG
- Hikma Pharmaceuticals
- Johnson & Johnson
- Novartis AG
- Pfizer Inc.
- Recordati Group
- Takeda Pharmaceutical Company
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