PUBLISHER: The Business Research Company | PRODUCT CODE: 1675523
PUBLISHER: The Business Research Company | PRODUCT CODE: 1675523
Glioblastoma multiforme (GBM) treatment involves the management and care of patients diagnosed with glioblastoma multiforme, a rapidly growing type of tumor located in the brain or spinal cord. This primary malignant brain tumor has the highest prevalence rate among adults.
The primary treatments for glioblastoma multiforme (GBM) include surgery, radiation therapy, chemotherapy, targeted therapy, tumor-treating field (TTF) therapy, and immunotherapy. Surgery is a medical discipline that concentrates on employing manual and instrumental methods to treat wounds, illnesses, and other conditions. The types of drugs involved in GBM treatment include temozolomide, bevacizumab, lomustine, carmustine wafers, and others. These medications are administered through oral, parenteral, and various other routes of administration and are used by hospitals, clinics, and ambulatory surgical centers.
The glioblastoma multiforme (GBM) treatment market research report is one of a series of new reports from The Business Research Company that provides glioblastoma multiforme (GBM) treatment market statistics, including glioblastoma multiforme (GBM) treatment industry global market size, regional shares, competitors with glioblastoma multiforme (GBM) treatment market share, detailed glioblastoma multiforme (GBM) treatment market segments, market trends, and opportunities, and any further data you may need to thrive in the glioblastoma multiforme (GBM) treatment industry. This glioblastoma multiforme (GBM) treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The glioblastoma multiforme (GBM) treatment market size has grown rapidly in recent years. It will grow from $2.48 billion in 2024 to $2.74 billion in 2025 at a compound annual growth rate (CAGR) of 10.2%. The growth in the historic period can be attributed to increased incidence and prevalence, advancements in diagnostic techniques, clinical trials and research funding, collaborations and partnerships, improved understanding of tumor biology.
The glioblastoma multiforme (GBM) treatment market size is expected to see rapid growth in the next few years. It will grow to $4.1 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to emergence of immunotherapies, precision medicine advancements, expanded knowledge of genetic markers, patient advocacy and awareness, government support for rare diseases. Major trends in the forecast period include exploration of combination therapies, integration of artificial intelligence in diagnosis and treatment planning, rise in adoption of immunotherapeutic approaches, advance medical tools and equipment.
The rising prevalence of brain disorders is anticipated to drive the growth of the glioblastoma multiforme (GBM) treatment market in the coming years. Brain disorders encompass the abnormal functioning of the brain, as well as the nerves throughout the body and the spinal cord. The growing incidence of brain disorders, including glioblastoma multiforme (GBM), is attributed to various factors such as an aging population, weakened immune systems, overdiagnosis, exposure to ionizing radiation, air pollution, and others. These factors contribute to the increasing demand for treatments aimed at improving well-being. For example, a report by the American Cancer Society, a US-based voluntary health organization focused on eliminating cancer, indicated that in 2022, approximately 25,050 cases of malignant tumors of the brain or spinal cord were diagnosed in the US. Therefore, the rising prevalence of brain disorders is a significant driver of growth in the glioblastoma multiforme (GBM) treatment market.
The glioblastoma multiforme (GBM) treatment market is expected to grow due to the rising geriatric population. The elderly, aged 65 and older, present specific health considerations, leading to the development of treatment strategies tailored for older patients with GBM. According to the World Health Organization, by 2030, 1 in 6 individuals globally will be 60 or older, reaching 2.1 billion elderly people by 2050. This demographic shift is a key factor propelling the growth of the GBM treatment market.
Leading companies in the market are concentrating on developing innovative wearable and portable devices to maintain their competitive edge. These advancements aim to provide users with improved functionality, convenience, and comfort, addressing the increasing demand for accessible and efficient healthcare solutions. For example, in 2023, Novocure, an oncology company based in Jersey, introduced Optune Gio, a wearable and portable treatment system for patients with newly diagnosed glioblastoma (GBM), which has received FDA approval. This device utilizes Tumor Treating Fields (TTFields), which are alternating electric fields that interfere with cancer cell division, potentially enhancing patient survival. Weighing just 2.7 pounds, Optune Gio is designed for comfort, allowing patients to wear it during their daily activities.
Major companies are prioritizing innovative treatments such as radiopharmaceutical therapy to meet the demand for advanced and targeted therapeutic solutions. Radiopharmaceutical therapy involves using radioactive substances to deliver targeted radiation to specific tissues or cells, commonly employed in cancer treatment to destroy cancer cells. For instance, in February 2022, Theragnostics, a UK-based provider of molecular radiotherapy and molecular imaging diagnostic products, announced the development of I-123 PARPi (THG-009) therapy. This innovative therapy, granted an Innovation Passport by the UK MHRA, aims to address primary and recurrent Glioblastoma Multiforme (GBM) and is advancing to a Phase 1 clinical trial.
In April 2022, Elekta, a Sweden-based company providing radiation therapy, radiosurgery, related equipment, and clinical management for cancer treatment, signed a global commercial collaboration agreement with GE Healthcare, a US-based manufacturer and distributor of diagnostic imaging agents and radiopharmaceuticals. This collaboration enables them to offer comprehensive solutions across imaging and treatment for cancer patients requiring radiation therapy. The partnership facilitates the joint promotion of solutions tailored to the needs of each cancer center.
Major companies operating in the glioblastoma multiforme (GBM) treatment market include Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., AbbVie Inc., Novartis AG, AstraZeneca PLC, Amgen Inc., Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Limited, Jazz Pharmaceuticals Inc., Sumitomo Dainippon Pharma Oncology Inc., Varian Medical Systems Inc., Amneal Pharmaceuticals Inc., Elekta AB, ANI Pharmaceuticals Inc., Accord Healthcare Limited, The Eckert & Ziegler Group, Loxo Oncology Inc., Karyopharm Therapeutics Inc., Celon Laboratories Pvt. Ltd., EnGeneIC Ltd., Zydus Pharmaceuticals Inc., Genenta Science S.r.l., Cantex Pharmaceuticals Inc., Vascular Biogenics Ltd., Seelos Therapeutics Inc, Angiochem Inc., Diffusion Pharmaceuticals Inc.
North America was the largest region in the glioblastoma multiforme (GBM) treatment market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the glioblastoma multiforme (gbm) treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the glioblastoma multiforme (gbm) treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The glioblastoma multiforme (GBM) treatment market includes revenues earned by entities by performing neurological exams, imaging tests, surgical operations, radiotherapy, and molecular profiling. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Glioblastoma Multiforme (GBM) Treatment Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on glioblastoma multiforme (gbm) treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for glioblastoma multiforme (gbm) treatment ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The glioblastoma multiforme (gbm) treatment market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.