Thymus Cancer Market
The Thymus cancer market Share is expected to reach USD 583.6 Million by 2030 at 7.3% CAGR during the forecast period 2022-2030.
Thymus gland is a soft lymphoid organ situated between the lungs and behind the breastbone. The main function of the thymus gland is secretion of hormone thymosin. T cells or T lymphocytes are matured by the hormone thymosin. These T cells are type of white blood cells and help body fight infections. Thymus cancer can be classified into two types: Thymoma and Thymic carcinoma. Thymoma is a condition where the cancerous cells have similar appearance as normal thymus cells, whereas, thymic carcinoma cells possess different appearance. Thymic cancer can be either benign or malignant, depending on their penetration in other tissues and organs. WHO segmented Thymoma into 6 different types based on the appearance of tumour cell shape: type A, type AB, type B1, type B2, type B3 and type C (Thymic Carcinoma). Thymoma is usually coupled with other autoimmune diseases like myasthenia gravis, thyroiditis and rheumatoid arthritis. Thymus cancer can be diagnosed with chest X-rays, CT Scans and biopsy and can be removed surgically if benign. Malignant Thymus cancer can be treated with Chemotherapy. Thymus cancer is a rare cancer and according to American cancer society, there are approximately 400 cases of thymus cancer every year.
Thymus cancer market size is likely to grow with increasing prevalence of thymic cancer. Thymic cancer is mostly found in age group of 40-60 years, hence with rising older population is likely to enhance the growth of thymus cancer market. Additionally, growing demand for technological advancements and innovative treatments along with growing government initiatives is likely to drive the global thymus market.
Thymus Cancer Market Outlook Analysis and Forecast by Cancer Type (Thymoma, Thymic Carcinoma), Treatment Type (Chemotherapy, Surgery, Radiation Therapy), End User (Hospitals & Clinics, Research & Academic Institutes) and Region (the Americas, Europe, Asia-Pacific and the Middle East & Africa)- Forecast till 2030
However expensive treatment, and the side effects related to the treatment of thymus cancer are likely to affect the growth of thymus cancer market.
Major Key Players:
This Thymus Cancer Market Players are namely Amgen Inc. (US), Bristol-Myers Squibb Company (US), Celgene Corporation (US), Eli Lilly and Company (US), Astellas Pharma Inc. (Japan), Merck & Co., Inc. (US), Novartis AG (Switzerland), Pfizer Inc. (US), AstraZeneca (UK), Mylan NV (US), Johnson & Johnson Services, Inc. (US), Onxeo (France), Takeda Pharmaceutical Company Limited (Japan), Tiziana Life Sciences plc (UK), and Teva Pharmaceutical Industries Ltd (Israel)
Segment Analysis
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Types : Type A, Type AB, Type B1, Type B2, Type B3, and Thymic Carcinoma.
By Treatment : Surgery, Radiotherapy, and Chemotherapy among others.
By Care Centers : Hospitals, Clinics, Diagnostic Centers, and Research Laboratories among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
Regional Analysis
Although the North American region accounts for the leading market for thymus cancer possessing the largest market share, the European region is also a lucrative market for thymus cancer, following the North American market closely. The market in these regions is fostered by the increasing number of patients suffering from the disease, well-developed technology, high healthcare expenditures, and the presence of leading market players.
Moreover, the proliferated healthcare sector alongside the growing thymus cancer markets in the countries such as the US, Canada, Mexico, the UK, Germany, and France drive the market growth on a large scale in Europe and North America.
The Asia Pacific market for thymus cancer is expected to perceive an exponential growth, emerging as one of the promising markets. Attributing to the vast patient population and the availability of low-cost procedures and drugs to treat the disease, the already growing markets in India and China will lead the regional market.
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