The global Carcinoid Syndrome Management market has been evaluated as average growing market and expected that the market will reach high growth figures in coming years. The global market for carcinoid syndrome management is highly consolidated and very rare number of players constitutes the entire market. Chemotherapy treatment type segment is expected to dominate the global market for carcinoid syndrome management over the forecast period as chemotherapy is used as a first line treatment. Newly introduced hepatic artery embolization agents are anticipated to gain the significant share in the global market over the forecasted period.
The market is expected to grow at an average CAGR due to growing awareness towards the symptoms of carcinoid tumor among the general population. The primary factor driving the growth of global carcinoid syndrome market is incidence of carcinoid tumor. As per National Institute of Health statistics, worldwide rate of carcinoid tumor is 2 per 100,000 person with high incidence of GI carcinoid tumors. Every year over 8,000 patients in the U.S are identified with carcinoid tumor in GI tract. Other factors influencing the global carcinoid syndrome management market include increasing incidence of hormonal disorders, growing smoking habits, levels of carcinogen in highly developed countries etc. Factor restraining the growth of global carcinoid syndrome management market is no availability of drugs approved to manage carcinoid syndrome.
Major Key Players
- Novartis International AG (Sandoz) (Switzerland),
- Pharmascience Inc. (Canada),
- Omega Laboratories Ltd. (Canada),
- Teva Pharmaceutical Industries Ltd. (Israel),
- Mylan N.V. (USA),
- Ipsen Biopharmaceuticals, Inc.(US),
- Sirtex Medical Limited (Australia) ,
- BTG International Ltd. (UK),
- Wockhardt Ltd. ,
- Sun Pharmaceutical Industries Limited (India),
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Commenting on the report, an analyst from Market Research Future (MRFR)’s team said: the market for carcinoid syndrome management is growing due to growing incidence of carcinoid tumor, increasing incidence of hormonal disorders, growing smoking habits, levels of carcinogen in highly developed countries etc. The only factor restraining the growth of global carcinoid syndrome management market is no convenience of drugs approved to manage carcinoid syndrome. There are various factors and opportunities which help the global Carcinoid Syndrome Management market to grow, the major driving factors includes innovations and advancements in in medicine and drug discovery system, also the rising disposable income of the people in developing countries enabling them to afford high price treatment. Some of the factors which hamper the growth of carcinoid syndrome management market includes high cost of treatment which includes chemotherapy and others.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Test the market data and market information presented through more than 50 market data tables and figures spread over 80 numbers of pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Carcinoid Syndrome Management market Research Report –Global Forecast to 2022”
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Asia Pacific is expected to be the fastest growing market and is expected to continue to grow at the same rate during the forecasted period. North America with the largest market share of 70% in 2013 of the global Carcinoid Syndrome Management market due to high prevalence of diseases, and easy availability of Carcinoid Syndrome Management treatment facilities due to widespread healthcare infrastructure and government encouragement to medical innovation and is expected to grow further during the forecasted period. Developing countries were reported to have maximum cases of the disease but due to lack of technology advancement and healthcare facilities and also because of high cost of treatment and check-up and lack of awareness, only few cases were reported and treated in the last 7 years.
The global carcinoid syndrome management market is segmented on the basis of organs affected by the disease, treatment procedures and end users. Based on organs affected by the disease, the market has been segmented into small intestine, lungs, rectum, appendix, colon, stomach, pancreas, liver and others. Small intestine are the most likely to get affected by the disease and maximum cases reported were of the small intestine only. Other organs constitute rare chances of getting affected. Based on treatment type, the market has been segmented into chemotherapy, biological therapy, and hepatic artery embolization agents. Further on the basis of end users the market has been segmented as hospital, clinics, and cancer institute and treatment centers.
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