Bone Cancer Market size is valued at $ 1,223M by 2019, and is anticipated to grow at a CAGR of 5.4% during the forecast period 2020-2025. The Bone Cancer Market growth rate is attributed to the rise in prevalence of cancer is generating high demand for effective medications and treatments in the global market. Bone cancer can be benign or malignant. Persistent bone pain, lump over bones, and weakness of bones are some of the common symptoms for the disease. If such symptoms remain unchecked, then bone cancer become life-threating. Thus, timely diagnosis and treatment of the disease is crucial. This provides the developmental backgrounds for market growth. From improvement’s made to enhance timely diagnosis and treatment, in order to increase the survival rate to many governmental organizations taking initiatives to increase awareness about bone cancer is anticipated to propel the Bone Cancer Market during the forecast period 2020-2025.

Key Takeaways

North America dominated the Bone Cancer Market with a share of 37% in the year 2019.

The factors such as rising awareness amongst the population for bone cancer coupled with increase in medical infrastructure and advancement in technologies are amongst the major factor projected to impel growth of Bone Cancer Market.

Favorable reimbursement policies, increasing healthcare expenditure, rising R&D investments by the market key players are the key factors owing to the growth in the segment during forecast period 2020-2025.

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By Geography – Segment Analysis

According to the estimates by American Society of Clinical Oncology, the United States witnessed 3,450 new cases of bone cancer, and an unexpected 1,590 deaths due to bone cancer in the year 2018. Doctors and researchers are also trying to find out new ways to use the existing approved drugs like, addition of bisphosphonate called zoledronic acid (Zometa) to the bone cement, used in filing the space left after a giant cell tumor that decreases the chances of a tumor returning back to that place are to cater the Bone Cancer Market in the forecast period of 2020-2025.

Drivers – Bone Cancer Market :

Rising demand for target based therapies

Bone Cancer Industry Outlook : Bone Cancer Market is fragmented by the top ten players present in the market. Bone Cancer Market top 10 companies are Pfizer Inc., Amgen Inc., Novartis AG, Eli Lilly and Company, Debiopharm Group, Merck & Co. Inc., Bayer AG, Bristol-Myers Squibb Company, Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd and others.

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