According to the latest report by IMARC Group, titled “Glioblastoma Multiforme Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global glioblastoma multiforme treatment market experienced stable growth in 2018. Glioblastoma multiforme (GBM) is a grade IV glioma brain tumor, which is often considered the most lethal form of brain cancer. It arises from star-shaped glial cells that support the health of the nerve cells in the brain. This form of cancer is characterized by rapid growth and invasion, aided by cell migration and degradation of the extracellular matrix. Since GBM is largely treatment-resistant in nature and the treatment methods are unlikely to result in an extended remission of the GBM tumors, the overall mortality rates of patients remain high with short post-diagnosis survival period. However, the contemporary treatment methods, such as surgery, radiation and chemotherapy, are largely palliative, which aids in prolonging the lives of the patients while improving the quality of their lives.
Global Glioblastoma Multiforme Treatment Market Trends:
The market is primarily driven by a significant increase in the geriatric population, who are the most prone to chronic ailments. Moreover, sedentary lifestyle habits and increasing alcohol consumption, especially among the majority of the urban population, have contributed to the increasing prevalence of various types of cancers. Continuous advancements made in the fields of molecular biology and gene technology to develop efficient treatment options have led to a better understanding of the gene mutations and molecular mechanisms, in confluence with clinical trials. These promising and tailored therapeutic approaches are anticipated to provide a further thrust to the market growth. On account of the aforementioned factors, the market is expected to grow at a CAGR of around 11% during 2019-2024.
Market Summary:
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