According to a new report published by Allied Market Research, titled, “Desmoid Tumor Market: Global Opportunity Analysis and Industry Forecast, 2021-2030” Desmoid tumor, also called aggressive fibromatosis, often occurs in the legs, arms, and abdomen. These tumors are noncancerous growths that occur in the human connective tissue. Since these tumors are noncancerous, they do not spread to other body parts; however, they can be aggressive and grow into nearby organs and structures. The common symptoms associated with desmoid tumors include an area or mass of swelling, loss of function in that area, and pain. When desmoid tumors occur in the abdomen, they can cause cramping and nausea along with the other symptoms.
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COVID-19 Scenario Analysis
COVID-19 is an infectious disease that originated in the Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.
Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing a shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness significant growth in the future, owing to the demand for vaccines and treatment drugs for COVID-19
Mutations in the gene named CTNNB1 are found to be associated with the occurrence of desmoid tumors in humans. Mutation analyses are expected to happen in the future, which can be used to design individual therapies and help predict the risk of occurrence of desmoid tumors.
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North America and South America dominate the desmoid tumor market. The growth of these regions can be attributed to the rising awareness about desmoid tumors in people and increasing healthcare expenditure by the governments. Asia-Pacific region is expected to grow at a significant rate during the forecast period, due to presence of huge patient pool. This region is further focused on developing advanced healthcare technology to treat and diagnose desmoid tumors, which contributes toward the market growth.
Key Market Players
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