Dublin, Sept. 17, 2024 (GLOBE NEWSWIRE) -- The "NTRK Fusion Gene Positive Advanced Solid Tumors - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
The global market for NTRK Fusion Gene Positive Advanced Solid Tumors was estimated at US$396.2 Million in 2023, and is projected to reach US$527.7 Million by 2030, growing at a CAGR of 4.2% from 2023 to 2030.
The growth in the market for treatments targeting NTRK fusion gene positive advanced solid tumors is driven by several factors, including advancements in genetic screening technologies, increased awareness of personalized medicine in oncology, and the broad efficacy of TRK inhibitors across multiple tumor types. Enhanced genetic testing capabilities allow for more precise identification of patients who can benefit from NTRK inhibitors, thus optimizing treatment outcomes and resource allocation.
Furthermore, the healthcare sector`s growing emphasis on precision medicine has encouraged the adoption of targeted therapies, supported by policy shifts and increased funding for genetic research in oncology. As cancer treatments become more personalized, there is also a significant shift in consumer behavior, with patients increasingly seeking out genomic testing and personalized treatment plans that promise better efficacy and fewer side effects.
Additionally, the successful clinical outcomes associated with TRK inhibitors have spurred ongoing investment and research, leading to the development of next-generation TRK inhibitors that may overcome resistance mechanisms or improve patient tolerance. These trends collectively drive the expansion of this niche yet crucial segment of the cancer therapeutics market, reflecting an overarching move towards more targeted, effective cancer care strategies.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Diagnostics Type segment, which is expected to reach US$300.8 Million by 2030 with a CAGR of a 4.9%. The Therapeutics Type segment is also set to grow at 3.3% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $107.9 Million in 2023, and China, forecasted to grow at an impressive 7.9% CAGR to reach $113.6 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global NTRK Fusion Gene Positive Advanced Solid Tumors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global NTRK Fusion Gene Positive Advanced Solid Tumors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global NTRK Fusion Gene Positive Advanced Solid Tumors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Amoy Diagnostics Co., Ltd., AnHeart Therapeutics, ARUP Laboratories, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 270 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $396.2 Million |
| Forecasted Market Value (USD) by 2030 | $527.7 Million |
| Compound Annual Growth Rate | 4.2% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- World Market Trajectories
- Global Economic Update
- NTRK Fusion Gene Positive Advanced Solid Tumors - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
FOCUS ON SELECT PLAYERS (Total 86 Featured):
- Amoy Diagnostics Co., Ltd.
- AnHeart Therapeutics
- ARUP Laboratories
- Bayer AG
- CD Genomics
- Chugai Pharmaceutical Co., Ltd.
- Empire Genomics LLC
- EntroGen, Inc.
- F. Hoffmann-La Roche AG
- GenPath
- Illumina, Inc.
- LGC Standards
- NeoGenomics Laboratories, Inc.
- OncoDNA SA
- Thermo Fisher Scientific, Inc
MARKET TRENDS & DRIVERS
- Increasing Prevalence of NTRK Fusion Gene Positive Tumors Throws the Spotlight On Targeted Therapies
- Advances in Genetic Testing Drive Adoption of Personalized Cancer Treatments
- Rising Global Cancer Incidence Strengthens the Business Case for NTRK-Targeted Therapies
- Insurance Coverage and Reimbursement Policies for Genetic Testing Drive Market Acceptance
- Regulatory Fast-Tracking of Promising Oncology Drugs Accelerates Time to Market
- Integration of NTRK Testing in Routine Cancer Diagnostics Throws the Spotlight On Early Detection
- Growing Demand for Non-Chemotherapy Cancer Treatments Generates Opportunities for NTRK Inhibitors
- Emerging Data on Long-Term Efficacy and Safety of NTRK Inhibitors Sustain Market Confidence
For more information about this report visit https://www.researchandmarkets.com/r/j6e2fq
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