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NIR and Raman spectroscopy market trends demonstrate analytical technology evolution. In medicines, food & beverage, chemicals, and materials research, spectroscopic approaches are crucial.
Continuous improvements in spectroscopic instruments drive market trends. To make near-infrared (NIR) and Raman spectroscopy more accessible across sectors and research applications, manufacturers are developing high-performance, user-friendly, and small equipment. This is to make spectroscopic methods more accessible.
Materials research might benefit from NIR and Raman spectroscopy's flexibility. These methods are increasingly utilized to analyze polymers, textiles, and other materials. This allows researchers and enterprises to learn about material composition, structure, and performance.
In environmental monitoring, Raman and near-infrared spectroscopy are becoming more popular. These methods for soil quality assessment, air and water pollution monitoring, and environmental sample analysis enable these procedures, which help develop a sustainable approach in environmental science and agriculture.
In-line and real-time NIR and Raman monitoring is being promoted in the pharmaceutical industry. Using Process Analytical Technology. Therefore, these technologies must be used. This propensity improves process comprehension, output predictability, and efficiency.
NIR, Raman, big data analytics, and AI are becoming more popular in the industry. Integrating these technologies improves data processing, pattern identification, and predictive modeling, which improves industry analysis and decision-making.
Even when widely utilized, there are still obstacles, such as high equipment costs and the requirement for skilled operators. However, these constraints also allow market participants to innovate and offer cost-effective solutions, which will boost their usage in research and smaller enterprises.
The Raman and near-infrared spectroscopy industry is growing worldwide, with Asia-Pacific looking especially promising. Emerging countries' research and development efforts are increasing demand for spectroscopic technology in many applications. Emerging countries' investment growth drives this need.
Remote sensing makes use of NIR and Raman spectroscopy in different interesting ways. These novel applications are popular in agriculture and environmental monitoring. Remote data collection improves efficiency, provides valuable insights for precision agriculture and resource management, and provides crucial insights.
Glioblastoma Market Highlights:
Global Glioblastoma Market Overview
The Glioblastoma Market Size was valued at USD 2.98 Billion in 2023. The Global Glioblastoma industry is projected to grow from USD 3.21 Billion in 2024 to USD 5.97 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.05% during the forecast period (2024 - 2032). Glioblastoma is a type of brain tumor.The increasing occurrences of glioblastoma, a type of brain tumor, coupled with extensive research in glioblastoma treatment, and the rising adoption of chemotherapy are expected to fuel the growth of the glioblastoma market. However, the high cost of drugs and the failure of drug candidates in clinical trial phases are anticipated to hamper the market growth.
Glioblastoma Market Trends
The increasing incidence rate of glioblastoma is expected to fuel the growth of the glioblastoma market. According to the statistics published in 2017 by the National Centre for Biotechnology Information (NCBI), glioblastoma has an incidence rate of 3.19 per 100,000 persons in the US. The growing prevalence indirectly increases the healthcare expenditure of the people as well as the government. This motivates the players operating in the market to come up with alternatives for the treatment of glioblastoma. Thus, this is likely to fuel the growth of the global glioblastoma market during the forecast period.
Glioblastoma Market Segment Insights
The global glioblastoma market has been segmented by type, treatment, and end user. The market, based on type, has been bifurcated into primary glioblastoma and secondary glioblastoma. Based on treatment, the glioblastoma market has been segregated into surgical procedure, radiation therapy, chemotherapy, and others. The global glioblastoma market, based on end user, has been divided into hospitals, specialty clinics and centers, and others. The specialty clinics and centers held a share of 36.8% in 2018.
Glioblastoma Regional Insights
The glioblastoma global market, based on region, has been divided into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is likely to dominate the global glioblastoma industry. The growth in this region can be attributed to the increased cases of glioblastoma and brain tumors. Moreover, the approval of drugs helps in maximizing the growth of the market in this region.
Europe held a substantial share in the global glioblastoma market. This can be attributed to a large number of clinical trials in the region. For instance, Merck KGaA along with Vaximm GmbH is involved in Phase I and II trials to evaluate the efficacy and safety of VXM01 in combination with Avelumab in patients with resectable and non-resectable progressive glioblastoma following tumor resection and radio-chemotherapy containing temozolomide.
Asia-Pacific is estimated to be the fastest-growing region in the global market. The rise in the improved healthcare infrastructure promises a high level of research on the treatment of glioblastoma in the region.
The glioblastoma market in the Middle East & Africa is expected to witness a modest market growth rate from 2019 to 2025. The Middle East would lead the market growth in this region. Rising awareness regarding health and availability of new treatment methods are expected to drive the market growth during the assessment period.
Key Players
The prominent players in the global glioblastoma market are
- F. Hoffmann-La Roche Ltd (Switzerland)
- Arbor Pharmaceuticals, LLC (US)
- Merck & Co., Inc. (US)
- Sun Pharmaceutical Industries Ltd (India)
- Amgen Inc. (US)
- Teva Pharmaceutical Industries Ltd (Israel).
Some of the key strategies followed by players operating in the global glioblastoma market were innovation, product development, and acquisition & mergers.
- In May 2019 Merck entered into a definitive agreement to acquire Peloton Therapeutics, Inc., a privately held, clinical-stage biopharmaceutical company, focused on the development of novel small molecule therapeutic candidates targeting hypoxia-inducible factor-2α (HIF-2α) for the treatment of patients with cancer and other non-oncology diseases.
- In January 2018 Amgen and Allergan PLC received the approval by the European Commission (EC) for the marketing authorization of MVASI for the treatment of glioblastoma as well as certain types of cancers.
- In November 2016 Sun Pharma acquired Biosintez, a Russian pharmaceutical company engaged in the manufacturing and marketing of pharmaceutical products.
Glioblastoma Market Segmentation
Glioblastoma Type Outlook
- Primary Glioblastoma
- Secondary Glioblastoma
Glioblastoma Treatment Outlook
- Surgical Procedure
- Radiation Therapy
- Chemotherapy
- Others
Glioblastoma End User Outlook
- Hospitals
- Specialty Clinics and Centers
- Others
Glioblastoma Region Outlook
- Americas
- North America
- US
- Canada
- Latin America
- North America
- Europe
- Western Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Western Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Middle East
- Africa
Available Additional Customizations
- Mega Trends in the Market
- Glioblastoma Market: Challenges
Intended Audience
- Pharmaceutical companies
- Contract research manufacturing organizations
- Research & development organizations
- Academic institutes
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