In a recent published report, Kenneth Research has updated the market report for Thymic Cancer Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Thymic Cancer Market products.
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Kenneth Research has recently added a report titled Thymic Cancer Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Thymic cancer is a disease which forms cancer cells outside the surface of the thymus. The thymus is a small body part that is situated under the breastbone which is a crucial part of the lymph system. It produces white blood cells that protect the body from several infections. This type of cancer is recurrent and is rarely found in the patients. It is vital to consider the factors before choosing the type of treatment. For instance, thymic cancer is can be resectable and unresectable. The resectable thymic cancer can be removed via surgery, on the other side, unresectable cannot.
Being the rare type of cancer, there are no defined causes or risks factors involved in the occurrence of this cancer. However, some expected symptoms include fatigue, prolonged cough, and drooping eyelids. According to American Cancer Society, this type of cancer occurs at the rate of 1.5 cases only in million people in the U.S., every year, therefore, it comes out to be approximately 400 cases per year. The treatment involves surgery, chemotherapy, targeted therapy, and radiation therapy. The treatment type adopted mainly depends upon the stage of cancer. Therefore, it is expected that the number of thymic cancer cases would rise over the period of time, owing to which the thymic cancer treatment market would grow over the projected period.
“The Final Report will cover the impact analysis of COVID-19 on this industry.”
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Advancement in Radiation Treatment
At present, the thymic cancer market is driven by the recent advancements in the radiation treatment techniques. The advancements in techniques have capabilities to cure the region with high risks, accurately. The techniques comprise of 4D treatment planning, proton therapy, 3D conformal therapy, adaptive radiation therapy, and intensity-modulated radiation therapy. Each type of advanced therapy includes the benefits in stabilizing the long-term disease control, thereby helps to improve the life quality.
However, these treatments come along with some serious side effects such as damaging bone marrow which can result in anemia couple with the lung damages which results in permanent shortness of breathing. Moreover, the expensive nature of the treatment is expected to restrain the market growth.
By Treatment Type
Chemotherapy treatment is anticipated to hold a prime position in over the forecast period, largely owing to the prevalence of its use for destroying cancer cells. This therapy has the capability to penetrate deeply into the bloodstream throughout the body to reach the cancer cells. An intravenous tube is placed in the vein through a needle, pill or capsule to provide the chemotherapy. The drugs used during the therapy are thymic carcinoma or thymoma. Sometimes, the combination drugs are used to shrink the tumor prior to surgery. Moreover, this therapy is also used on patients whose tumor is at the IVB stage, which is later removed completely by the surgery.
Research organizations segment is predicted to hold the prominent position in the market largely owing to the growing number of clinical trials pertaining to the thymic cancer treatment. For instance, a clinical trial conducted by the U.S. National Library of Medicine involves the treatment to be given by a drug named Everolimus for thymic cancer. The study was initiated in February 2011 and expected competition is January 2019. During the trial, patients will be oral everolimus treatment, with the dosage of 10 mg daily. The ongoing study is self-administrated each day along with the consumption of a light meal. The treatment shall be administered until any patient refusal or unacceptable toxicity occurs. Other key players involved are Nerviano Medical Sciences s.r.l., Novartis AG, Enzon Pharmaceuticals. Inc.
North America thymic cancer treatment market is anticipated to dominate the global market, primarily owing to the rise in the genetic transformation cases, which is further resulting in an increasing allergic case such as hereditary angioedema which in extreme cases has the capability to turn into thymus cancer, particularly in the U.S. According to the U.S. Hereditary Angioedema Association, it is very rare that occurs in approximately 1 in 10,000 to 1 in 50,000. However, the expected rise in the prevalence of angioedema in the region would encourage the growth of the thymic cancer treatment market in the coming years.
Key players in the market are Novartis Pharmaceutical, Taiwan Liposome Company Ltd., Roche Glenmark, Johnson & Johnson services, Astellas Pharma Inc, Sumitomo Dainippon Pharma Co. Ltd., Eli Lilly and company, Dr. Reddy’s Laboratories Ltd., and several others.
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