Tenosynovial Giant Cell Tumor Market Trends

  • Report ID: 5449
  • Published Date: Dec 07, 2023
  • Report Format: PDF, PPT

Tenosynovial Giant Cell Tumor Market Trends

Growth Drivers

  • Increasing Improvement in the Diagnosis - The increasing prevalence and consumer awareness are further increasing the demand for modified diagnosis of TGCT across the planet. An expertized imaging process, MRI (magnetic resonance imaging), is frequently implemented to diagnose a tenosynovial giant cell tumor. A physician or doctor carries a synovial fluid model, which shows the incidence or potential growth of a tenosynovial giant cell tumor. With people affected by tenosynovial giant cell tumors, the synovial fluid frequently discovers blood in the model. However, in particular cases, the microscopic investigation or surgical elimination of damaged tissue is required to ensure the incidence of a tenosynovial giant cell tumor. Moreover, in the upcoming years, multiple developments in the magnetic resonance imaging (MRI) process for modified imaging of tumors will take place and will strengthen the diagnosis system of TGCT more than ever. The ultimate diagnosis test is the tumor biopsy that confirms the prevalence of TGCT in the patients.
  • Different Unique and Advanced Treatment Process - Moreover, if untreated or if the tumor persistently reappears, it can result in harm and deteriorate the affected joint and encircling tissues or structures, and thus, different unique and advanced treatment is taking place currently. Surgery is commonly the starting treatment choice. The recent standard of the cure for patients with TGCT is surgical resection of the tumor using surgical kits as totally as possible to limit symptoms and stop joint damage, modify function, and limit the risk of reappearance. Multiple surgical choices for symptomatic TGCT are used nowadays and those are arthroscopy, open surgery, combined arthroscopy, and open surgery total joint replacement, etc.
  • Implementation of Modern Radiotherapy - Although massive TGCT cases are commonly cured by surgical treatment, however, for mild and intermediate TGCT radiotherapy is used. Radiotherapy is well-known and widely used to treat TGCT patients. It is usually used before surgery to decrease the tumor or after surgery to wipe out any leftover tumor cells. Intra-articular radiation therapy is mainly utilized for TGCT. This signifies a radioactive element is inserted into the joint to wipe out the tumor. Radiation therapy is utilized with warning in children but it is commonly used in young and elderly people.

Challenges

  • The Economical Burden on the Patient's Families - Further, the treatment of tenosynovial giant cell tumors is costly as the drugs that are used to treat the disease are expensive. Currently, it is found that highlights the possibility of under-identified direct healthcare pressure related to TGCT. Patients with TGCT had huge HRU and direct healthcare costs compared with TGCT-free controls. By and large, patients with TGCT were more possibly to ask for medical care in comparison to TGCT-free controls, resulting in around USD 9368 yearly extra healthcare costs.  The utilization of both healthcare and non-healthcare products can be translated into an average cost related to TGCT of almost USD 5,329 for the baseline period, where healthcare costs show approximately USD 5,061. TGCT puts a huge pressure on its sufferers, which enhances after one year of follow-up, primarily because of the healthcare resources needed—specifically, surgical techniques. As an outcome, this situation has a high economic influence on healthcare budgets, while the HRQOL of TGCT patients significantly degenerates over time.
  • Several Side Effects of The Drugs
  • Limited Research in This Field

Tenosynovial Giant Cell Tumor Market: Key Insights

Base Year

2023

Forecast Year

2024-2036

CAGR

∼5%

Base Year Market Size (2023)

~USD 8 Billion

Forecast Year Market Size (2036)

~USD 11 Billion

Regional Scope

  • North America (North America, Canada, Mexico)
  • Europe (Germany, Spain, UK, France, Italy, Russia, Others)
  • Asia Pacific (Japan, China, India, Australia, Others)
  • Middle East and Africa (South Africa, UAE, Others)
  • Latin America (Brazil, Argentina, Others)

 

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Author Credits:  Radhika Pawar


  • Report ID: 5449
  • Published Date: Dec 07, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The increasing cases of tenosynovial giant cell tumor diseases in almost all age groups people will majorly drive the market growth of the tenosynovial giant cell tumor market.

The market size of the tenosynovial giant cell tumor market is expected to get a CAGR of approximately 5% over the forecast period, i.e., 2024-2036.

The major players in the market are Abbisko Therapeutics, Ammax Bio Inc., HUTCHMED, SynOx Therapeutics Limited, Deciphera Pharmaceuticals Inc., F. Hoffmann-La Roche Ltd., Novartis AG, Amgen Inc., Celleron Therapeutics Limited, Takeda Pharmaceutical Company Limited., Daiichi Sankyo Company, Limited., Chugai Pharmaceutical Co., Ltd., CHEPLAPHARM Arzneimittel GmbH, Ono Pharmaceutical Co., Ltd.

The surgical procedure segment is anticipated to reap the largest market size by the end of 2036 and demonstrate substantial growth scopes.

The market in the North American region is expected to have the largest market share by the end of 2036 and provide more business opportunities in the future.
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