#Peptide Receptor Radionuclide Therapy (PRRT) Market Market
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Peptide Receptor Radionuclide Therapy (PRRT) Market end-user demand, trend, new innovations, global forecast to 2032
This Peptide Receptor Radionuclide Therapy market study offers a comprehensive analysis of the business models, key strategies, and respective market shares of some of the most prominent players in this landscape. Along with an in-depth commentary on the key influencing factors, market statistics in terms of revenues, segment-wise data, region-wise data, and country-wise data are offered in the full study. This study is one of the most comprehensive documentation that captures all the facets of the evolving Peptide Receptor Radionuclide Therapy Prrt market.
Advancement and growing researches in the medical industry leads to a dramatic surge in the availability of new cancer treatment options. Radiation therapies and targeted therapy is showing significant promise in cancer treatment. For example, peptide receptor radionuclide therapy (PRRT) had recently approved the neuroendocrine tumors and projecting significant growth in the cancer treatment market. Peptide receptor radionuclide therapy (PRRT) is radioisotope or molecular therapy used to treat neuroendocrine tumors (NETs).
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Peptide receptor radionuclide therapy (PRRT) is recommended for the somatostatin receptor-positive gastroenteropancreatic NETs affected patients. Peptide receptor radionuclide therapy (PRRT) is a targeted therapy designed to slow the progression of gastroenteropancreatic NET and limiting radiation exposure to healthy tissue. Lutathera (lutetium Lu 177 Oxodotreotide) was the first drug approved for the peptide receptor radionuclide therapy (PRRT) for the treatment of gastroenteropancreatic neuroendocrine tumors (GEP-NETs). In September 2017, the European Commission approved Lutathera peptide receptor radionuclide therapy (PRRT) drug manufactured by Advanced Accelerator Applications S.A. Although, the U.S. Food and Drug Administration (FDA) was approved LUTATHERA in January 2018. Growing clinical trials and development activities to create therapeutic radiopharmaceuticals expected to surge the growth of the peptide receptor radionuclide therapy (PRRT) market over the forecast period.
Peptide Receptor Radionuclide Therapy (PRRT) Market: Drivers and Restraints-
Increasing prevalence of the neuroendocrine tumors expected to impel the demand for peptide receptor radionuclide therapy (PRRT) as an increasing number of the patient pool. Establishment of reimbursement policies for Lutathera favors the demand for peptide receptor radionuclide therapy (PRRT). A temporary insurance/billing code was used for the peptide receptor radionuclide therapy (PRRT) till 2018. Moreover, increasing clinical trials for the new radiopharmaceuticals drugs approval for cancer therapy expected to surge the growth of the peptide receptor radionuclide therapy (PRRT) market.
Increasing government and private organizations funding for cancer drugs and therapy development is another major factor expected to propel the growth of the peptide receptor radionuclide therapy (PRRT) market. Moreover, growing manufacturer’s interest in the radiopharmaceutical and cancer market flourish the growth of the peptide receptor radionuclide therapy (PRRT) market. Side effects such as the transient decrease in blood counts, nausea and others associated with PRRT expected to hamper the growth of the peptide receptor radionuclide therapy (PRRT) market.
Peptide Receptor Radionuclide Therapy (PRRT) Market: Overview
Peptide receptor radionuclide therapy (PRRT) a special type of radiopharmaceutical which injected into the patients’ bloodstream. This radiopeptide travels and binds to neuroendocrine tumor cells and provide a high dose of radiation directly to the cancer cell. Big pharmaceutical market players are focusing to enter in the radiopharmaceutical market. For instance, In October 2017, Novartis AG acquired Advanced Accelerator Applications (AAA) for $3.9 billion to expand oncology portfolio. This acquisition was valuable for Lutathera radiopharmaceutical candidates which were under FDA review in 2018.
Peptide Receptor Radionuclide Therapy (PRRT) Market: Region-wise Outlook
North America and Europe region are expected to grebe more than half of the market share for peptide receptor radionuclide therapy. Increasing clinical trials for radiopharmaceuticals and growing demand for the targeted therapy for cancer are the major factors driving the growth of the peptide receptor radionuclide therapy market in the U.S. and European countries. The Asia pacific peptide receptor radionuclide therapy market expected to grow with significant growth rate as growing demand for advance treatment option and comparatively high prevalence of cancer in India and China.
Peptide Receptor Radionuclide Therapy (PRRT) Market: Key Market Participants
Example of some market players participants in global peptide receptor radionuclide therapy (PRRT) market find across the value chain are Advanced Accelerator Applications (AAA) (Novartis AG) and others.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The report covers exhaust analysis on:
Market Segments
Market Dynamics
Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies involved
Technology
Value Chain
Regional analysis includes:
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (India, China ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Peptide Receptor Radionuclide Therapy (PRRT) Market: Segmentation
On the basis of indication, peptide receptor radionuclide therapy (PRRT) market can be segmented as:
Foregut Neuroendocrine Tumors
Midgut Neuroendocrine Tumors
Hindgut Neuroendocrine Tumors
On the basis of end user, peptide receptor radionuclide therapy (PRRT) market can be segmented as:
Hospitals
Ambulatory Surgical Centers
Cancer Care Centers
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Report highlights:
Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint
#Peptide Receptor Radionuclide Therapy (PRRT) Market Market#Peptide Receptor Radionuclide Therapy (PRRT) Market Market Size#Peptide Receptor Radionuclide Therapy (PRRT) Market Market Growth
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High Grade Neuroendocrine Neoplasms Market - Size, Trends & Competition Analysis 2030 | Credence Research
High Grade Neuroendocrine Neoplasms Market
The latest market report published by Credence Research, Inc. “Global High Grade Neuroendocrine Neoplasms Market: Growth, Future Prospects, and Competitive Analysis, 2023 – 2030. The global High Grade Neuroendocrine Neoplasms Market has been steadily growing in recent years and is predicted to grow at a 8.50% CAGR between 2023 and 2030. The market is anticipated to be worth USD XX million by 2030, up from USD XX million in 2022.
The term "High Grade Neuroendocrine Neoplasms Market" refers to the market for medical treatments, therapies, and related products and services that are specifically focused on high-grade neuroendocrine neoplasms (NENs). High-grade neuroendocrine neoplasms (NENs) are a group of rare and aggressive cancers that originate in neuroendocrine cells. These cells are found throughout the body, particularly in organs like the pancreas, lungs, gastrointestinal tract, and other endocrine glands. Neuroendocrine cells release hormones into the bloodstream and play a role in regulating various bodily functions.
High-grade NENs are characterized by their rapid growth and tendency to metastasize (spread to other parts of the body). They are considered more aggressive and have a poorer prognosis compared to low-grade NENs. These tumors are often classified as neuroendocrine carcinomas and can be further categorized based on their tissue of origin, such as small cell or large cell neuroendocrine carcinoma.
Diagnosis typically involves a combination of imaging tests (such as CT scans, MRI, or PET scans) and biopsies to confirm the presence of high-grade NENs. Treatment options may include surgery to remove the tumor, chemotherapy, radiation therapy, and targeted therapies. The specific treatment plan depends on factors like the tumor's location, stage, and whether it has spread to other parts of the body.
Because high-grade neuroendocrine neoplasms are aggressive, early diagnosis and prompt treatment are essential for improving outcomes and extending survival. Patients with these tumors often require close monitoring and ongoing medical care. The prognosis for high-grade NENs can vary widely depending on the individual case and the success of treatment. It is important for patients to work closely with a medical team specializing in neuroendocrine cancers to develop an appropriate treatment plan and receive the necessary support.
The high-grade neuroendocrine neoplasms (NENs) market, like any other medical field, faces several major challenges and risks. These challenges can impact patient care, research, and the development of new therapies. Here are some of the key challenges and risks associated with the high-grade NENs market:
Limited Understanding: High-grade NENs are relatively rare and complex tumors, which makes them less understood compared to more common cancers. Limited knowledge about the disease's biology, progression, and treatment options hampers effective management.
Late Diagnosis: High-grade NENs are often diagnosed at an advanced stage, leading to poorer outcomes. Lack of specific symptoms and low awareness among healthcare providers can contribute to delayed diagnosis.
Treatment Options: The treatment landscape for high-grade NENs is limited compared to other cancers. Standardized treatment protocols are lacking, and therapeutic options may include surgery, chemotherapy, targeted therapies, and peptide receptor radionuclide therapy (PRRT). Determining the most appropriate treatment can be challenging.
Tumor Heterogeneity: High-grade NENs are characterized by tumor heterogeneity, meaning that different parts of the tumor may have different characteristics and respond differently to treatment. This complicates treatment decisions and may lead to treatment resistance.
Some of the major players in the market and their market share are as follows:
Brain Storm Cell Therapeutics
Holostem Terapie Avanzate S.R.L
Pharmicell Co. Inc
Opexa Therapeutics
Caladrius Biosciences Inc
U.S. Stem Cell Inc
Lonza
Bristol Myers Squibb
Novartis
Autolus therapeutics
Browse 247 pages report High Grade Neuroendocrine Neoplasms Market By Primary Site of Origin (Pulmonary Neuroendocrine Neoplasms (Lung), Gastroenteropancreatic Neuroendocrine Neoplasms (GEP-NENs), Other Primary Sites (e.g., Neuroendocrine Neoplasms of the Thymus), By Tumor Grade and Stage (Grade 3 Neuroendocrine Neoplasms (Well-Differentiated), Small Cell Neuroendocrine Carcinomas (Poorly Differentiated) – Size, Share, Growth, Trends and Segment Forecasts to 2023-2030- https://www.credenceresearch.com/report/high-grade-neuroendocrine-neoplasms-market
High Grade Neuroendocrine Neoplasms Market Growth Factor Worldwide
The High Grade Neuroendocrine Neoplasms Market is experiencing significant growth worldwide, driven by several key factors. With an increasing prevalence of neuroendocrine tumors and a growing awareness among healthcare professionals regarding the diagnosis and treatment options for these rare malignancies, the market is poised to expand in the coming years. Furthermore, advancements in medical research have led to a better understanding of high-grade neuroendocrine neoplasms and the development of targeted therapies that can effectively combat these aggressive tumor types.
Additionally, favorable reimbursement policies for novel therapeutics and the availability of government funding for cancer research are further fueling market growth. Moreover, technological innovations in diagnostic imaging techniques such as positron emission tomography (PET) scans and molecular testing methods enable more accurate detection and staging of high-grade neuroendocrine neoplasms, facilitating timely intervention. The emergence of personalized medicine approaches tailored specifically to individual patients based on their genomic profile holds immense promise for improving overall survival rates in this patient population.
Why to Buy This Report-
The report provides a qualitative as well as quantitative analysis of the global High Grade Neuroendocrine Neoplasms Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
Major nations in each region with their import/export statistics
The global High Grade Neuroendocrine Neoplasms Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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Italy Peptide Receptor Radionuclide Therapy (PRRT) Market Analysis - 2027
Italy Peptide Receptor Radionuclide Therapy (PRRT) Market, by Drug Type (Lutetium (Lu-177)-based, and Yttrium (Y-90)-based), by Indication (Gastroenteropancreatic Neuroendocrine Tumor), and by Distribution Channel (Hospital Pharmacies and Retail Pharmacies), was valued at US$ 3.6 million in 2019 and is expected to exhibit a CAGR of 9.2%over the forecast period (2019-2027), as highlighted in a new report published by.
Increasing drug approvals by regulatory bodies are expected to drive the Italy peptide receptor radionuclide therapy market growth over the forecast period. For instance, in 2018, Novartis received U.S FDA approval for lutetium (177Lu) oxodotreotide (Lutathera) for treatment of somatostatin receptor positive gastroenteropancreatic neuroendocrine tumors (NETs) (GEP-NETs). Furthermore, rising number of cancer cases in Italy is a major factor driving growth of the peptide receptor radionuclide therapy (PRRT) market in the country. For instance, according to European Union statistics related to cancer, in 2015, about 33,851 number of deaths were recorded due to lung cancer in Italy.
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This contributed to around 8% in total Europe region, in which the share of all deaths attributed to lung cancer was 7.2 % among men, more than double the share (3.4%) recorded for women in Europe region.
Moreover, according to the WHO, in 2018, a total number of 40,9,808 cancer cases were recorded in Italy, which included prostate cancer, lung cancer, bladder cancer, colorectal cancer, breast cancer, and other type of cancers.
Browse 9 Market Data Tables and 12 Figures spread through 64 Pages and in-depth TOC on 'Italy Peptide Receptor Radionuclide Therapy (PRRT) Market, by Drug Type (Lutetium (Lu-177)-based, and Yttrium (Y-90)-based), by Indication (Gastroenteropancreatic Neuroendocrine Tumor), and by Distribution Channel (Hospital Pharmacies and Retail Pharmacies) – Italy Forecast to 2027'
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Key Takeaways of the Italy Peptide Receptor Radionuclide Therapy (PRRT) Market:
The Italy Peptide Receptor Radionuclide Therapy (PRRT) Market is expected to exhibit a CAGR of 9.2% over the forecast period (2019–2027) owing to increasing regulatory approvals and incidence of cancer
Among drug type, the Lutetium (Lu-177)-based segment is expected to account for a major revenue share by 2027, owing to increasing strategic acquisitions by key players for expanding their drug portfolio. For instance, in 2017, Novartis acquired Advanced Accelerator Applications. With this acquisition, Novartis has expanded its product offering in the neuroendocrine business, through which the company offers the Lutetium (Lu-177)-based drug.
Major player operating in the Italy Peptide Receptor Radionuclide Therapy (PRRT) Market is Novartis International AG.
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#Italy Peptide Receptor Radionuclide Therapy (PRRT) Market Size#Italy Peptide Receptor Radionuclide Therapy (PRRT) Market
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PEPTIDE RECEPTOR RADIONUCLIDE THERAPY (PRRT) MARKET ANALYSIS
Peptide receptor radionuclide therapy (PRRT) is considered as targeted radionuclide therapy, as it provides radiation to destroy cancer cells via radiolabeled peptides. There are three types of radiations including β−particles (electrons), α particles, and Auger electrons that are used in the peptide receptor radionuclide therapy (PRRT). Among these radiations, β−particles (electrons) are widely used in PRRT, as it has a long range to penetrate in target tissues (0.05–12 mm), and neighboring cells around the targeted cell/tissue. Peptide receptor radionuclide therapy (PRRT) is majorly used in treatment of pancreatic & gastrointestinal tract - neuroendocrine tumor.
Rising incidence of pancreatic neuroendocrine tumor and gastrointestinal tract neuroendocrine tumor is expected to drive the market growth over the forecast period. According to the American Society of Clinical Oncology’s (ASCO) 2019 statistics, around 1,000 people are diagnosed with pancreatic neuroendocrine tumor each year in the U.S. and it accounts for 7% of pancreatic cancer cases. According to the same source, the number of patients diagnosed with pancreatic neuroendocrine tumor has been increasing by around 5% per year in the U.S.
The global peptide receptor radionuclide therapy (PRRT) market was valued at US$ 231.5 million in 2018 and is expected to exhibit a CAGR of 27.3% during the forecast period (2019–2027).
Figure 1. Global Peptide Receptor Radionuclide Therapy (PRRT) Market Share (%), By Disease Indication
Source: Coherent Market Insights Analysis (2019)
Increasing research and development activities, in order to develop novel treatment approach for cancer and regulatory approval for peptide receptor radionuclide therapy are expected to be major factors driving growth of the global peptide receptor radionuclide therapy (PRRT) market over the forecast period
Increasing pipeline studies to develop novel radiopeptide therapy is expected to drive growth of the global peptide receptor radionuclide therapy (PRRT) market over the forecast period. For instance, in May 2018, Merck Sharp & Dome Corp, in collaboration with BTG International Inc., initiated phase II clinical trial on peptide receptor radionuclide therapy for patients with well-differentiated neuroendocrine tumors and symptomatic and/or progressive metastases. The study is expected to be completed by November 2020.
Moreover, increasing product approvals by regulatory authority is expected to drive growth of the global peptide receptor radionuclide therapy (PRRT) market. For instance, in June 2019, Advanced Accelerator Applications S.A. (AAA), a Novartis company, received State of Israel Ministry of Health approval for its Lutathera, for treatment of gastroenteropancreatic neuroendocrine tumors (GEP-NETs). It is the first PRRT therapy approved in Israel. Lutathera is a lutetium Lu 177-labeled somatostatin analog peptide.
High cost associated with cancer treatment, which includes diagnosis and therapeutic treatment, is a major factor that is expected to restrain growth of the market
According to the World Health Organization’s 2018 data, the economic impact of cancer is increasing significantly. The total annual economic cost of cancer treatment in 2010 was estimated at US$ 1.16 trillion, globally. Moreover, till 2018, only one PRRT drug was approved in the U.S. and Europe based on peptide receptor radionuclide therapy (PRRT) and used in the treatment of somatostatin receptor positive gastroenteropancreatic neuroendocrine tumors (GEP-NETs) including foregut, midgut, and hindgut neuroendocrine tumors in adults. Therefore, lack of drugs is another major factor restraining growth of this market. Novartis company’s drug named Lutathera is priced at US$ 47,500 for a full course of treatment, which comprises four infusions (cost for total 4-doses is US$ 190,000). Therefore, such high cost of drugs is expected to restrain growth of this market.
Global Peptide Receptor Radionuclide Therapy (PRRT) Market- Regional Analysis
On the basis of region, the global peptide receptor radionuclide therapy (PRRT) market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to hold dominant position in the market, owing to increasing product approval by regional drug regulatory authorities such as the U.S. FDA and Health Canada, to launch the products in the region. For instance, in January 2018, Advanced Accelerator Applications (AAA), a subsidiary of Novartis AG, received the U.S. Food and Drug Administration approval for its Lutetium (177Lu) Oxodotreotide (Lutathera) drug, which is indicated for gastroenteropancreatic neuroendocrine tumor.
Moreover, Asia Pacific peptide receptor radionuclide therapy (PRRT) market is expected to hold a significant market share during the forecast period, owing to increasing incidence of neuroendocrine tumor and rising adoption of expansion strategies by major manufacturers. For instance, in June 2015, Advance Accelerator Application, a subsidiary of Novartis AG, entered into a distribution agreement for Lutathera with FUJIFILM RI Pharma, Co., LTD. According to the agreement, FUJIFILM will be marketing and distributing Lutathera in the Japan market.
Figure 2: Global Peptide Receptor Radionuclide Therapy (PRRT) Market Share (%), By Region
Source: Coherent Market Insights Analysis (2019)
Novartis AG (Advanced Accelerator Applications, S.A.) is the major player operating in the global peptide receptor radionuclide therapy (PRRT) market.
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#PEPTIDE RECEPTOR RADIONUCLIDE THERAPY (PRRT) MARKET ANALYSIS#GLOBAL PEPTIDE RECEPTOR RADIONUCLIDE THERAPY (PRRT) MARKET ANALYSIS#PRRT MARKET ANALYSIS
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The Global Peptide Receptor Radionuclide Therapy (PRRT) Market size is anticipated to grow at a CAGR of 12.4% during the forecast period.
The Global Peptide Receptor Radionuclide Therapy (PRRT) Market size is anticipated to grow at a CAGR of 12.4% during the forecast period. Peptide receptor radionuclide therapy (PRRT) is functions as a therapy that can be performed by using somatostatin analog that is coupled with a radionuclide emitting beta radiation. The PART contains proteins similar to somatostatin which can be combined with a radionuclide that forms a special type of radiopharmaceutical called a radiopeptide. This radiopeptide is injected into the human or patient body and affects the tumor cells delivering a targeted high dose of radiation directly to the cancer cells. Peptide receptor radionuclide therapy (PRRT) provides disease management, closing care gaps, cost savings for providers, and better health outcomes. Furthermore, the platform also assists payers and providers to manage risk associated with reimbursement policies.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis: Novartis, Australasian Gastro-Intestinal Trials Group, ITM Solucin, Allscripts Healthcare Solutions, Inc., Sarepta Therapeutics, Caribou, Finvector, Sangamo Therapists Inc., Sirion Biotech, bluebird bio.
Key Factors Impacting the Growth of Peptide Receptor Radionuclide Therapy (PRRT) Market:
· Technological advancements
· Increasing market demand for population health
· Increasing prevalence of the neuroendocrine tumors
· An increasing number of the patient pool
According to the report, the Peptide Receptor Radionuclide Therapy (PRRT) market report points out national and global business prospects and competitive conditions for Peptide Receptor Radionuclide Therapy (PRRT). Market size estimation and forecasts were given based on a detailed research methodology tailored to the conditions of the demand for Peptide Receptor Radionuclide Therapy (PRRT). The Peptide Receptor Radionuclide Therapy (PRRT) market has been segmented as By Disease Indication (Pancreatic - Neuroendocrine Tumor, Gastrointestinal Tract - Neuroendocrine Tumor, and Others), End User (Hospitals, Ambulatory Surgical Centers, Cancer Care Centers) . Historical background for the demand of Peptide Receptor Radionuclide Therapy (PRRT) has been studied according to organic and inorganic innovations in order to provide accurate estimates of the market size. Primary factors influencing the growth of the demand Peptide Receptor Radionuclide Therapy (PRRT) have also been established with potential gravity.
Regional segmentation and analysis to understand growth patterns: The market has been segmented in major regions to understand the global development and demand patterns of this market. By region, the Peptide Receptor Radionuclide Therapy (PRRT) market has been segmented in North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns.
This report provides: 1) An overview of the global market for Peptide Receptor Radionuclide Therapy (PRRT) market and related technologies. 2) Analysis of global market trends, yearly estimates, and annual growth rate projections for compounds (CAGRs). 3) Identification of new market opportunities and targeted consumer marketing strategies for the global Peptide Receptor Radionuclide Therapy (PRRT) market. 4) Analysis of R&D and demand for new technologies and new applications 5) Extensive company profiles of key players in the industry.
The researchers have studied the market in-depth and have developed important segments such as product type, application, and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects, and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.
Objectives of this report: • To estimate the market size for the Peptide Receptor Radionuclide Therapy (PRRT) market on a regional and global basis. • To identify major segments in the Peptide Receptor Radionuclide Therapy (PRRT) market and evaluate their market shares and demand. • To provide a competitive scenario for the Peptide Receptor Radionuclide Therapy (PRRT) market with major developments observed by key companies in the historic years. • To evaluate key factors governing the dynamics of the Peptide Receptor Radionuclide Therapy (PRRT) market with their potential gravity during the forecast period.
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GLP-1 Receptor Agonist Market is set to witness steady growth through 2030
GLP-1 Receptor Agonist Market: Global Industry Analysis 2015-2019 & Opportunity Assessment 2020-2030
A recent market study published by Future Market Insights (FMI) on the GLP-1 Receptor Agonist Market offers global industry analysis for 2015-2019 & opportunity assessment for 2020-2030. The report consists of a comprehensive assessment of the most important market dynamics. On conducting thorough research on the historical as well as current growth parameters of the market, growth prospects of the market are obtained with utmost precision.
The report features unique and salient factors that may make a huge impact on the development of the GLP-1 Receptor Agonist Market during the forecast period. It can help market players modify their manufacturing and marketing strategies to envisage maximum growth in the market in the years to come. The report provides detailed information about the current and future growth prospects of the market in the most comprehensive way for better understanding of readers.
Key Segments of GLP-1 Receptor Agonist Market
FMI’s study on the market offers information divided into four important segments— Drug Class, Route of Administration, Application, and Region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
Drug Class
Exenatide
Liraglutide
Dulaglutide
Lixisenatide
Others
Route of Administration
Parenteral
Oral
Distribution Channel
Hospitals
Clinics
Ambulatory Surgical Centres
Region
North America
Latin America
Europe
East Asia
South Asia
Oceania
Middle East and Africa
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Chapter 1 – Executive Summary
The report commences with the executive summary of the GLP-1 Receptor Agonist Market report, which includes the snapshot of key findings and statistics. It also includes the market value (US$ million) estimates of the leading segments of the market and the key trends impacting the market.
Chapter 2 – Market Overview
Readers can find detailed taxonomy and product definition of the GLP-1 Receptor Agonist Market in this chapter, which will help them understand basics of GLP – 1 Receptor Agonists.
Chapter 3 – Key Market Trends
This section highlights the key trends impacting the market, which will help readers understand the current trends and their impact on market growth.
Chapter 4 – Key Success Factors
This chapter explains the key macroeconomic factors that are expected to influence the growth of the market during the forecast period. It also highlights the major forecast factors that will shape market growth. Besides, it provides key dynamics of the market, which include the drivers, restraints, and opportunities.
This chapter is expected to enable readers understand the factors that are propelling the growth of the market, as well as those likely to hamper the growth. The opportunity analysis for the GLP-1 Receptor Agonist market will help readers understand the market opportunities, based on which they can plan their strategies.
In addition, this section provides the current and expected impact of Covid-19 on the market.
Chapter 5 – Global GLP-1 Receptor Agonist Market Demand (in Value or Size in US$ Mn) Analysis 2015-2019 and Forecast, 2020-2030
This section explains the global market value analysis and forecast for the market during the forecast period along with the historical market and opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2020), and an incremental $ opportunity for the forecast period (2020–2030).
Chapter 6 – Market Background
This chapter gives information about COVID-19 crisis impact analysis that comprises current COVID-19 statistics and probable future impact, impact on GDP of individual key countries, segment wise impact, quarter-wise forecast, and projected recovery quarter. In addition, it includes drivers and restraints of the market. Plus, there are macroeconomic factors and various opportunities listed for the GLP-1 Receptor Agonist Market.
The GLP-1 Receptor Agonist market research gets rid of the following queries:
How the market for GLP-1 Receptor Agonist is expected to shape in the coming ten years?
What strategies are the GLP-1 Receptor Agonist market vendors implementing to stay ahead of their rivals?
Why are consumers shifting towards alternative GLP-1 Receptor Agonist products?
What innovative technologies are the GLP-1 Receptor Agonist players using to get an edge over their rivals?
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Peptide Receptor Radionuclide Therapy (PRRT) Market - Peptide Receptor Radionuclide Therapy (PRRT) Market: Global Industry Analysis 2014 - 2018 and Opportunity Assessment 2019 - 2029
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Radioligand Therapy (RLT) Market Segmentation and Forecast Analysis up to 2025
Radioligand Therapy (RLT) Market: Introduction
· Radioligand therapy (RLT) is a targeted therapeutics option for a cancer treatment. Radiopharmaceutical is infused or injected into a peripheral vein. Ligands are labelled with radioactive isotopes, mostly beta-emitters, such as lutetium-177. High rate of long-lasting tumor remission and stabilization can be achieved using radioligand therapy (RLT).
· Radioligand therapy (RLT) is a systemic therapy which is used in metastasized disease treatment. In radioligand therapies, radiopharmaceuticals bind to a tumor target.
· NET radioligand therapy is also known as peptide-receptor radionuclide therapy (PRRT). NET peptides targeting the somatostatin-receptor (SSTR) are used for treatment of neuroendocrine tumors.
· For prostate cancer treatment, radioligand specifically binds prostate-specific membrane antigen (PSMA). Prostate-specific membrane antigens (PSMA) are overexpressed in prostate cancer.
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Key Drivers of Global Radioligand Therapy (RLT) Market
· The global radioligand therapy market is likely to be driven by increase in footprint of pharmaceutical manufacturers in potential markets in Asia Pacific, Latin America, and Middle East & Africa
· Research & development of radioligand therapy candidate to treat a broad range of cancer types is expected to propel the global radioligand therapy treatment market during the forecast period. Endocyte's Lu-PSMA-617 is a radioligand therapy candidate which is currently under phase III clinical trial for treatment of prostate cancer.
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· Increase in prevalence of cancer across the globe is expected to fuel the market growth during the forecast period. According to the American Cancer Society, in 2019, around 174,650 new cases for prostate cancer were diagnosed in the U.S.
· Strategic acquisition by leading players operating in radioligand therapy is helping manufacturers in expanding cancer product pipeline. Thus, approval and commercialization of pipeline products in the near future is expected to propel the market during the forecast period.
· In October 2018, Novartis underwent purchase agreement with Endocyte to purchase Endocyte's Lu-PSMA-617 clinical product
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North America to Hold Major Share of Global Radioligand Therapy (RLT) Market
· North America is projected to lead the market during the forecast period. North America is the leading market for radioligand therapy (RLT) driven by high rate of adoption of radioligand therapy products after FDA approval. According to Novartis, Lutathera has been prescribed to over 1,100 patients in the U.S.
· Increase in awareness about the radioligand therapy and rise in patient base suffering from cancer in the U.S. are expected to drive the market in the region. Manufacturers are focused to enter into partnership with laboratories for research & development of radioligand therapy candidate which is anticipated to propel the market in the U.S.
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· Governments in Europe have favorable reimbursement policies. Furthermore, increase in research laboratories, rise in prevalence of cancer, and increase in funding provided by governments are anticipated to propel the market in the region during the forecast period.
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Peptide Receptor Radionuclide Therapy (PRRT) Market Set For Rapid Growth And Trend By 2027
The global Peptide Receptor Radionuclide Therapy (PRRT) market was valued at US$ xx million in the year 2019. The market is estimated to be valued at US$ xx million in the year 2020, and is expected to reach US$ xx million by the year 2027, with an estimated CAGR of xx% during the forecast period (2021-2027). The research study also includes exhaustive information about market dynamics such as drivers, restraints, opportunities, technological advancements, future trends, supply chain analysis, patent landscape, pricing analysis, regulatory and reimbursement framework for precise market estimations and forecasts.
Additionally, the business intelligence study encompasses the COVID-19 scenario as follows:
· Long-Term, Mid-Term, and Short-Term Impact of COVID-19
· Pre- and Post-COVID-19 Scenario
· Disruptions in the Supply Chain
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Competitive Insights
Leading and emerging companies of the global Peptide Receptor Radionuclide Therapy (PRRT) market were identified based on their current offerings. Further, the Peptide Receptor Radionuclide Therapy (PRRT) industry is one of the most competitive industries, with the leading players actively competing against each other to gain a greater share in the industry. Some of the major companies in the Peptide Receptor Radionuclide Therapy (PRRT) market are: Novartis AG, ITM Solucin, Australasian Gastro-Intestinal Trials Group, Toulouse University Hospital, and Peking University among others.
The competitive landscape of the Peptide Receptor Radionuclide Therapy (PRRT) industry exhibits an inclination towards emerging strategies including product launches, partnerships, collaborations and contracts, acquisitions, funding, and other developments to achieve the objectives faster.
Our reports fill up the gaps and provide you with all the detailed analysis of competitive companies involving:
· Analyzing competitive strategies and techniques
· Competitive positioning of key players
· PORTER’s and SWOT analysis for competitive risk analysis
· Competitive Share Analysis
· Financial analysis of players to determine their withstand capacity
· Analyzing their sales path and product study
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Key Segments Covered in the global Peptide Receptor Radionuclide Therapy (PRRT) market report are:
· By Drug Type: (Dotatoc and Dotatate)
· By Disease Indication: (Foregut Neuroendocrine Tumors, Midgut Neuroendocrine Tumors, and Hindgut Neuroendocrine Tumors)
· By End User: (Hospitals, Cancer Care Centers, and Others)
Regional Coverage:
The global Peptide Receptor Radionuclide Therapy (PRRT) market segregates into five regions including North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa. North America followed by Europe held the major share of the global market (in terms of value) in 2020. However, Asia-Pacific region exhibit highest CAGR (%) during the forecast period (2021-2027). Our research study further sub-divides regions into countries as follows:
· North America - the U.S. and Canada
· Europe - Germany, the U.K., France, Spain, Italy, Russia, and Rest-of-Europe
· Asia-Pacific - China, India, Japan, South Korea, Australia, ASEAN, and Rest-of-Asia-Pacific
· Latin America - Mexico, Brazil, and Rest-of-Latin America
· Middle East and Africa - Gulf Cooperation Council (GCC) Countries, South Africa, Israel, and Rest-of-Middle East and Africa
Market Dynamics:
Various factors influencing the market growth are growing awareness regarding the effective use of peptide receptor radionuclide therapy, increasing incidences of cancer due to neuroendocrine tumors, rising government and private organizations funding for cancer drugs and therapy development. In addition to this, favorable reimbursement policies are also boosting the market growth. For instance, according to American cancer society, pancreatic neuroendocrine tumors (NETs) account for about 7% of all cancers that occur in the pancreas. Further it is estimated that about 4,032 people in the U.S. will be diagnosed with pancreatic NET in 2020. Similarly, American cancer society in March 2020, grant funds of US$ 23,720,000 for pancreatic cancer.
However, factors such as reduction in supply of radioisotopes due to shut down of major reactors present in Canada and the Netherlands, and side effects such as the transient decrease in blood counts, nausea and others associated with PRRT can hinder the market growth.
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Peptide Receptor Radionuclide Therapy (PRRT) Market Insights
Peptide receptor radionuclide therapy (PRRT) is considered as targeted radionuclide therapy, as it provides radiation to destroy cancer cells via radiolabeled peptides. There are three types of radiations including β−particles (electrons), α particles, and Auger electrons that are used in the peptide receptor radionuclide therapy (PRRT). Among these radiations, β−particles (electrons) are widely used in PRRT, as it has a long range to penetrate in target tissues (0.05–12 mm), and neighboring cells around the targeted cell/tissue. Peptide receptor radionuclide therapy (PRRT) is majorly used in treatment of pancreatic & gastrointestinal tract - neuroendocrine tumor.
Rising incidence of pancreatic neuroendocrine tumor and gastrointestinal tract neuroendocrine tumor is expected to drive the market growth over the forecast period. According to the American Society of Clinical Oncology’s (ASCO) 2019 statistics, around 1,000 people are diagnosed with pancreatic neuroendocrine tumor each year in the U.S. and it accounts for 7% of pancreatic cancer cases. According to the same source, the number of patients diagnosed with pancreatic neuroendocrine tumor has been increasing by around 5% per year in the U.S.
The global peptide receptor radionuclide therapy (PRRT) market was valued at US$ 231.5 million in 2018 and is expected to exhibit a CAGR of 27.3% during the forecast period (2019–2027).
Figure 1. Global Peptide Receptor Radionuclide Therapy (PRRT) Market Share (%), By Disease Indication
Source: Coherent Market Insights Analysis (2019)
Increasing research and development activities, in order to develop novel treatment approach for cancer and regulatory approval for peptide receptor radionuclide therapy are expected to be major factors driving growth of the global peptide receptor radionuclide therapy (PRRT) market over the forecast period
Increasing pipeline studies to develop novel radiopeptide therapy is expected to drive growth of the global peptide receptor radionuclide therapy (PRRT) market over the forecast period. For instance, in May 2018, Merck Sharp & Dome Corp, in collaboration with BTG International Inc., initiated phase II clinical trial on peptide receptor radionuclide therapy for patients with well-differentiated neuroendocrine tumors and symptomatic and/or progressive metastases. The study is expected to be completed by November 2020.
Moreover, increasing product approvals by regulatory authority is expected to drive growth of the global peptide receptor radionuclide therapy (PRRT) market. For instance, in June 2019, Advanced Accelerator Applications S.A. (AAA), a Novartis company, received State of Israel Ministry of Health approval for its Lutathera, for treatment of gastroenteropancreatic neuroendocrine tumors (GEP-NETs). It is the first PRRT therapy approved in Israel. Lutathera is a lutetium Lu 177-labeled somatostatin analog peptide.
High cost associated with cancer treatment, which includes diagnosis and therapeutic treatment, is a major factor that is expected to restrain growth of the market
According to the World Health Organization’s 2018 data, the economic impact of cancer is increasing significantly. The total annual economic cost of cancer treatment in 2010 was estimated at US$ 1.16 trillion, globally. Moreover, till 2018, only one PRRT drug was approved in the U.S. and Europe based on peptide receptor radionuclide therapy (PRRT) and used in the treatment of somatostatin receptor positive gastroenteropancreatic neuroendocrine tumors (GEP-NETs) including foregut, midgut, and hindgut neuroendocrine tumors in adults. Therefore, lack of drugs is another major factor restraining growth of this market. Novartis company’s drug named Lutathera is priced at US$ 47,500 for a full course of treatment, which comprises four infusions (cost for total 4-doses is US$ 190,000). Therefore, such high cost of drugs is expected to restrain growth of this market.
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Global Peptide Receptor Radionuclide Therapy (PRRT) Market- Regional Analysis
On the basis of region, the global peptide receptor radionuclide therapy (PRRT) market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to hold dominant position in the market, owing to increasing product approval by regional drug regulatory authorities such as the U.S. FDA and Health Canada, to launch the products in the region. For instance, in January 2018, Advanced Accelerator Applications (AAA), a subsidiary of Novartis AG, received the U.S. Food and Drug Administration approval for its Lutetium (177Lu) Oxodotreotide (Lutathera) drug, which is indicated for gastroenteropancreatic neuroendocrine tumor.
Moreover, Asia Pacific peptide receptor radionuclide therapy (PRRT) market is expected to hold a significant market share during the forecast period, owing to increasing incidence of neuroendocrine tumor and rising adoption of expansion strategies by major manufacturers. For instance, in June 2015, Advance Accelerator Application, a subsidiary of Novartis AG, entered into a distribution agreement for Lutathera with FUJIFILM RI Pharma, Co., LTD. According to the agreement, FUJIFILM will be marketing and distributing Lutathera in the Japan market.
Figure 2: Global Peptide Receptor Radionuclide Therapy (PRRT) Market Share (%), By Region
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Peptide Receptor Radionuclide Therapy (PRRT) Market Best Productivity Supply Chain Relationship, Development by 2026
Peptide receptor radionuclide therapy (PRRT) is a type of molecular therapy, also known as radioisotope therapy that is used for treating neuroendocrine tumors. In this therapy a peptide similar to the natural hormone is combined with radioactive material such as Yttrium and Lutetium, to produce radionuclide which is then injected into the patient’s body. This combination binds to the neuroendocrine tumors in the body. It is a cell targeting type of therapy since it delivers a high dose of radiation directly to the tumor cells. Click To Read More On Peptide Receptor Radionuclide Therapy (PRRT) Market.
Global Peptide Receptor Radionuclide Therapy (PRRT) Market Drivers
Increasing number of drug approvals by regulatory bodies is expected to drive the global peptide receptor radionuclide therapy market growth over the forecast period. For instance, in January 2018, Advanced Accelerator Applications S.A. received an approval from U.S. Food & Drug Administration for Lutathera, a peptide receptor radionuclide therapy. It is used for treating gastroenteropancreatic neuroendocrine tumors. Its phase 3 study showed 79% reduction in the disease progression. Moreover, it is the only approved peptide receptor radionuclide therapy drug.
Furthermore, key players are also focused on research and development activities related to peptide receptor radionuclide therapy which is expected to accelerate the global peptide receptor radionuclide therapy market growth. For instance, in July 2017, National Institute of Health commenced its clinical trial study on Y-DOTATOC. The drug is currently in the early phase of trials, and is being evaluated for micro-dosing. It will be used for treating neuroendocrine tumors. Such development of drugs is expected to boost the global peptide receptor radionuclide therapy market growth.
Also, strategies such as mergers, acquisitions, partnerships, and collaborations by key players related to peptide receptor radionuclide therapy are expected to propel the global peptide receptor radionuclide therapy market growth over the forecast period. For instance, in January 2018, Novartis AG, a biopharmaceutical company acquired Advanced Accelerator Applications S.A., a manufacturer of nuclear medicine products, in order to expand Novartis AG’s product portfolio. This acquisition was for the diversification of oncology neuroendocrine tumor treatment and addition of the radiopharmaceutical technology platform to its portfolio. The growing number of acquisitions are expected to fuel demand for the global peptide receptor radionuclide therapy market.
Global Peptide Receptor Radionuclide Therapy (PRRT) Market Taxonomy
The global peptide receptor radionuclide therapy (PRRT) market is segmented on the basis of disease indications, distribution channels, and regions.
By Disease Indication
Gastroenteropancreatic Neuroendocrine Tumor
Foregut Neuroendocrine Tumor
Midgut Neuroendocrine Tumor
Hindgut Neuroendocrine Tumor
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Global Peptide Receptor Radionuclide Therapy (PRRT) Market Key Players
Some of the major player operating in the global peptide receptor radionuclide therapy (PRRT) market include, Novartis AG, ITM Solucin GmbH, National Institutes of Health, Australasian Gastro-Intestinal Trials Group, Toulouse University Hospital, Peking University, and others.
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Global Peptide Receptor Radionuclide Therapy (PRRT) Market Regional Analysis
North America is expected to be a dominant region in the peptide receptor radionuclide therapy market. Higher incidences of prostate cancer is expected to support the global peptide receptor radionuclide therapy market growth. According to Center of Disease Control and Prevention’s data for 2016, around 192,443 people suffered from prostate cancer and almost 30,370 died due to it. Prostate cancer is considered the fourth leading cause of death due to cancer. Hence, increasing prevalence of prostate cancer is expected to augment the peptide receptor radionuclide therapy market growth during the forecast period.
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#Peptide Receptor Radionuclide Therapy (PRRT) Market#Peptide Receptor Radionuclide Therapy (PRRT) Market sIze#Peptide Receptor Radionuclide Therapy (PRRT) Market Share#Peptide Receptor Radionuclide Therapy (PRRT) Market Outlook#Peptide Receptor Radionuclide Therapy (PRRT)
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Peptide Receptor Radionuclide Therapy (PRRT) Market Size, Trends, Scope, Competitive Landscape and Forecast by 2030 - TMR
Peptide Receptor Radionuclide Therapy (PRRT) Market Size, Trends, Scope, Competitive Landscape and Forecast by 2030 – TMR
Global Peptide Receptor Radionuclide Therapy (PRRT) Market: Overview
Peptide receptor radionuclide therapy (PRRT) is a molecular therapy which is also called radioisotope therapy. This type of therapy is used to treat a specific type of cancer called neuroendocrine tumors.
In peptide receptor radionuclide therapy, a targeting protein or peptide is combined with a small amount of radioactive…
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ITALY PEPTIDE RECEPTOR RADIONUCLIDE THERAPY MARKET ANALYSIS
The market opportunities for key players to enter into this market are high owing to less competition and increasing demand for peptide receptor radionuclide therapy in the Italy market. Moreover, increasing incidence of cancer in Italy is directly contributing to demand for PRRT therapy. These factors are creating growth opportunities for companies to focus on research and development of new drugs. As per the Italian Association of Medical Oncology’s report, in April 2019, 71,000 new cases were diagnosed with new additional cancer cases.
The Italy Peptide Receptor Radionuclide Therapy (PRRT) Market was valued at US$ 3.6 million in 2019, and is expected to witness a CAGR of 9.2%over the forecast period (2019 – 2027).
Italy Peptide Receptor Radionuclide Therapy (PRRT) Market Share (%) Analysis, By Drug Type, 2019
Source: Coherent Market Insights Analysis (2019)
Increasing incidence of pancreatic cancer, as well as availability of reimbursement for cancer drug is another factor contributing to the market growth.
Increasing incidence of pancreatic cancer in Europe region is expected to support growth of the market over the forecast period. For instance, according to United European Gastroenterology report in Europe region, there was a 5% increase in the number of pancreatic cancer cases during the years 1990 to 2016.
The European Medicines Agency (EMA) plays a central role in facilitating development and authorization of medicines for rare diseases, which are termed as ‘orphan medicines’. In Italy, prices of ODs (Orphan Drugs) and reimbursement by the National Health Service is set through negotiation between the Italian Medicines Agency (AIFA), and pharmaceutical companies. Reimbursement of 38% is available for ODs in Italy which includes peptide receptor radionuclide therapy (PRRT).
Italy Peptide Receptor Radionuclide Therapy (PRRT) Market - Restraints
High cost associated with cancer treatment, which include diagnosis and therapeutic treatment, is a major factor that is expected to restrain growth of the market. For instance, as per the Economist Intelligence Unit Limited’s 2016 report, lung cancer treatment cost has become a burden on the economy in Italy. In 2013, it was estimated that total cost for treatment of lung cancer reached around US$ 18.31 billion.
Currently, only one approved PRRT drug is available in the Italy market, and is used in the treatment of somatostatin receptor positive gastroenteropancreatic neuroendocrine tumor (GEP-NETs), including foregut, midgut, and hindgut neuroendocrine tumors in adults. Therefore, lack of availability of different drugs is another major factor restraining growth of the market.
Moreover, high cost of treatment is expected to restrain growth of the market. For instance, Novartis Company’s drug, Lutathera, is priced at US$ 99,900 for a full course of treatment comprising four infusions.
Italy Peptide Receptor Radionuclide Therapy (PRRT) Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027
Source: Coherent Market Insights Analysis (2019)
Key player operating in the Italy Peptide Receptor Radionuclide Therapy (PRRT) Market is Novartis International AG.The market opportunities for key players to enter into this market are high owing to less competition and increasing demand for peptide receptor radionuclide therapy in the Italy market. Moreover, increasing incidence of cancer in Italy is directly contributing to demand for PRRT therapy. These factors are creating growth opportunities for companies to focus on research and development of new drugs. As per the Italian Association of Medical Oncology’s report, in April 2019, 71,000 new cases were diagnosed with new additional cancer cases.The Italy Peptide Receptor Radionuclide Therapy (PRRT) Market was valued at US$ 3.6 million in 2019, and is expected to witness a CAGR of 9.2%over the forecast period (2019 – 2027).Italy Peptide Receptor Radionuclide Therapy (PRRT) Market Share (%) Analysis, By Drug Type, 2019
Source: Coherent Market Insights Analysis (2019)Increasing incidence of pancreatic cancer, as well as availability of reimbursement for cancer drug is another factor contributing to the market growth.Increasing incidence of pancreatic cancer in Europe region is expected to support growth of the market over the forecast period. For instance, according to United European Gastroenterology report in Europe region, there was a 5% increase in the number of pancreatic cancer cases during the years 1990 to 2016.The European Medicines Agency (EMA) plays a central role in facilitating development and authorization of medicines for rare diseases, which are termed as ‘orphan medicines’. In Italy, prices of ODs (Orphan Drugs) and reimbursement by the National Health Service is set through negotiation between the
Italian Medicines Agency
(AIFA), and pharmaceutical companies. Reimbursement of 38% is available for ODs in Italy which includes
peptide receptor radionuclide therapy
(PRRT).Italy Peptide Receptor Radionuclide Therapy (PRRT) Market - RestraintsHigh cost associated with cancer treatment, which include diagnosis and therapeutic treatment, is a major factor that is expected to restrain growth of the market. For instance, as per the Economist Intelligence Unit Limited’s 2016 report, lung cancer treatment cost has become a burden on the economy in Italy. In 2013, it was estimated that total cost for treatment of lung cancer reached around US$ 18.31 billion.Currently, only one approved PRRT drug is available in the Italy market, and is used in the treatment of somatostatin receptor positive gastroenteropancreatic neuroendocrine tumor (GEP-NETs), including foregut, midgut, and hindgut neuroendocrine tumors in adults. Therefore, lack of availability of different drugs is another major factor restraining growth of the market.Moreover, high cost of treatment is expected to restrain growth of the market. For instance, Novartis Company’s drug, Lutathera, is priced at US$ 99,900 for a full course of treatment comprising four infusions.Italy Peptide Receptor Radionuclide Therapy (PRRT) Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027 Source: Coherent Market Insights Analysis (2019)Key player operating in the Italy Peptide Receptor Radionuclide Therapy (PRRT) Market is Novartis International AG.
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#ITALY PEPTIDE RECEPTOR RADIONUCLIDE THERAPY MARKET ANALYSIS#peptide receptor#radionuclide therapy market
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Italy Peptide Receptor Radionuclide Therapy Market Size 2027
Peptide receptor radionuclide therapy (PRRT) is a type of molecular therapy, also known as radioisotope therapy that is used for treating neuroendocrine tumors. In this therapy, a peptide similar to the natural hormone is combined with radioactive material such as Yttrium and Lutetium, to produce radionuclide which is then injected into the patient’s body. This combination binds to the neuroendocrine tumors in the body. It is a cell targeting type of therapy since it delivers a high dose of radiation directly to the tumor cells. Market Dynamics Rising number of cancer cases in Italy is expected to drive the Italy peptide receptor radionuclide therapy (PRRT) market growth during the forecast period. For instance, as per data published by the Epidemiology Unit, Agency for Health Protection of Milan, Corso Italia, in 2012- 2015, 3,803 patient diagnosed with colorectal cancer. Cancer patients in the age group below 50 years accounted for 22.25%, of the total cancer cases that were reported and patients in the age group of 50 to 64 years accounted for 17.65%, and patients over the age of 65 accounted 20.80%. Get Request To Download Sample Copy Of This Report @ https://www.coherentmarketinsights.com/insight/request-sample/3139 Furthermore, according the WHO, in 2018, around 43,837 cases of prostate cancer were reported, which contributed around 10% of the total cancer cases recorded in Italy. However, side effects associated with peptide receptor radionuclide therapy may negatively impact growth of the peptide receptor radionuclide therapy market. The side effects occur on the body part which is treated with radiation. Some of the common side effects faced by patients undergoing radiation therapy are nausea, vomiting, abdominal discomfort or pain, and in some cases, temporary hair loss and sub-acute hematology toxicity. Hence, this may hamper the Italy peptide receptor radionuclide therapy market growth. The market opportunities for key players to enter into this market are high owing to less competition and increasing demand for peptide receptor radionuclide therapy in the Italy market. Moreover, increasing incidence of cancer in Italy is directly contributing to demand for PRRT therapy. These factors are creating growth opportunities for companies to focus on research and development of new drugs. As per the Italian Association of Medical Oncology’s report, in April 2019, 71,000 new cases were diagnosed with new additional cancer cases. The Italy Peptide Receptor Radionuclide Therapy (PRRT) Market was valued at US$ 3.6 million in 2019, and is expected to witness a CAGR of 9.2%over the forecast period (2019 – 2027). Get Request To Download PDF Brochure Of This Report @ https://www.coherentmarketinsights.com/insight/request-pdf/3139 Italy Peptide Receptor Radionuclide Therapy (PRRT) Market - Restraints High cost associated with cancer treatment, which include diagnosis and therapeutic treatment, is a major factor that is expected to restrain growth of the market. For instance, as per the Economist Intelligence Unit Limited’s 2016 report, lung cancer treatment cost has become a burden on the economy in Italy. In 2013, it was estimated that total cost for treatment of lung cancer reached around US$ 18.31 billion. Currently, only one approved PRRT drug is available in the Italy market, and is used in the treatment of somatostatin receptor positive gastroenteropancreatic neuroendocrine tumor (GEP-NETs), including foregut, midgut, and hindgut neuroendocrine tumors in adults. Therefore, lack of availability of different drugs is another major factor restraining growth of the market. Moreover, high cost of treatment is expected to restrain growth of the market. For instance, Novartis Company’s drug, Lutathera, is priced at US$ 99,900 for a full course of treatment comprising four infusions. More Information About This Report @ https://www.coherentmarketinsights.com/market-insight/italy-peptide-receptor-radionuclide-therapy-market-3139 About Us: Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. Contact Us: Name: Mr. Raj Shah Phone: US +12067016702 Country: United States Email: [email protected] Visit our Blog: https://hospitalhealthcareblog.wordpress.com/
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Peptide Receptor Radionuclide Therapy (PRRT) Market Set For Rapid Growth And Trend By 2027
Foster Market Research’s new market research report on the Peptide Receptor Radionuclide Therapy (PRRT) market offers in depth analysis (including revenue analysis for both historic (2018-2020) and forecast periods (2021-2027) for all the market segments. The report is a compilation of various segmentations, including market breakdown by segment 1 (By Drug Type), segment 2 (By Disease Indication) Segment 3 (By Region).The report also highlights a thorough analysis of the market dynamics, comprising factors that either enable or inhibit the overall market growth, along with potential opportunities that can be tapped in the future.
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Further, the Peptide Receptor Radionuclide Therapy (PRRT) market report also includes comprehensive assessment of the following factors:
· Short-term, mid-term, and long-term COVID-19 impact assessment for the Telerehabilitation Systems market.
· Detailed market estimations and forecast on the basis of five different regions including North America (U.S. and Canada), Europe (Germany, U.K., France, Italy, Spain, Russia, and Rest-of-Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, ASEAN, and Rest-of-Asia-Pacific), Latin America (Brazil, Mexico, and Rest-of-Latin America) and the Middle East and Africa (GCC Countries, Israel, South Africa, and Rest-of-Middle East and Africa).
· Detailed sections focused on different types of Segments (By Drug Type, By Disease Indication, By End User and By Region)
· In-depth information about the industry analysis including technological advancements, regulatory and reimbursement scenario, supply chain analysis, patent analysis, pricing analysis, market trends, and PEST and PORTER analysis, among others.
· Market Share Analysis of key players.
· Company profiling of more than 10 companies.
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The global Peptide Receptor Radionuclide Therapy (PRRT) industry is one of the most competitive industries, with the leading players actively competing against each other to gain a greater share in the industry. The competitive landscape of the Peptide Receptor Radionuclide Therapy (PRRT) industry exhibits an inclination toward emerging strategies and developments by market players.
Some of the key players that are actively participating in the Peptide Receptor Radionuclide Therapy (PRRT) market include: Novartis AG, ITM Solucin, Australasian Gastro-Intestinal Trials Group, Toulouse University Hospital, and Peking University among others.
The report is essential for the stakeholders operating in the Peptide Receptor Radionuclide Therapy (PRRT) market, such as emerging start-ups, manufacturers, suppliers, distributors, end users, and investors, to understand the varying supply and demand side factors and the nature of the business with lucrative opportunities to enter into the market.
How this business report enables organizations to take strategic decisions:
· Provides go-to market strategies for diversified products present across different segment and geographies
· Analyzing competitors’ scenario along with their key developments and strategies
· Analyze end user requirements
· Aids in discovering newer applications
· Analyzing technological/product substitutes by comparing the present product specifications
Key Questions answered in the report:
What are the trends adopted by key players in the global telemedicine market?
What is the competitive strength of the key players in the telemedicine market?
What are the major outcomes derived from the Porter’s five forces?
What are the major challenges inhibiting the growth of the global telemedicine market?
Which end user contribute highest CAGR (%) in the telemedicine market?
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