Enjoy complimentary customisation on priority with our Enterprise License!
The NTRK fusion gene positive advanced solid tumor market size is forecast to increase by USD 92.6 million, at a CAGR of 4.5% between 2023 and 2028.
Explore in-depth regional segment analysis with market size data - historical 2018-2022 and forecasts 2024-2028 - in the full report.
Request Free Sample
The advanced solid tumor market, driven by the continuous discovery of new gene fusion biomarkers and the development of targeted therapies, is a dynamic and evolving landscape. NTRK fusion genes, for instance, have emerged as significant biomarkers in oncogene-driven cancers, leading to the approval of several NTRK inhibitors. Disease progression modeling and clinical outcome assessment are crucial in predicting therapeutic response and identifying resistance mechanisms, such as NTRK inhibitor resistance. Pharmacogenomic testing and molecular profiling are essential tools in personalized medicine strategies, enabling patient stratification and targeted therapy selection. According to industry reports, the advanced cancer therapies market is projected to grow by over 15% annually, fueled by the increasing adoption of precision oncology approaches and the development of next-generation sequencing technologies.
For example, a recent study reported a 30% increase in overall survival rates for patients with advanced solid tumors who underwent molecular tumor board consultations and received targeted cancer treatments based on their tumor mutational burden and epigenetic modifications. Clinical trial enrollment and patient selection criteria are becoming more stringent, with a focus on tumor microenvironment analysis and progression-free survival. The use of advanced imaging techniques and treatment resistance mechanisms is also gaining importance in the drug development pipeline. The ongoing analysis of genetic heterogeneity and targeted therapy resistance is expected to lead to the development of new companion diagnostic tests and immunohistochemistry assays, further enhancing the precision of personalized medicine strategies.
The NTRK fusion gene positive advanced solid tumor industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The clinical segment is estimated to witness significant growth during the forecast period.
Neurotrophic tyrosine receptor kinase (NTRK) fusion-driven cancers, such as those found in rare types like breast, colon, and lung, as well as in some common ones like melanoma, glioma, and thyroid carcinomas, necessitate precise identification for effective treatment. Various methods exist for NTRK fusion detection, including immunohistochemistry (IHC), fluorescence in-situ hybridization (FISH), and sequencing techniques. IHC, which examines protein expression, is widely used due to its advantages: it's readily implemented and validated in clinical laboratories, is cost-effective, requires only a single unstained slide, and boasts a quick turnaround time. Advanced cancer therapies, such as NTRK inhibitors, are increasingly reliant on molecular profiling tests and gene fusion biomarkers for patient selection and therapeutic response prediction.
Pharmacogenomic testing and tumor mutational burden analysis play crucial roles in personalized medicine strategies and overall survival rates. Epigenetic modifications and tumor microenvironment analysis are essential for patient stratification methods and targeted therapy resistance. The precision oncology approach, which focuses on oncogene-driven cancers, is gaining momentum in the industry, with clinical trial enrollment and molecular tumor board consultations becoming more common. Genetic heterogeneity analysis and targeted cancer treatment are integral components of this approach. Advanced imaging techniques and treatment resistance mechanisms are also under investigation to improve progression-free survival. According to recent studies, the global market for advanced cancer therapies is projected to grow by over 15% annually, driven by the increasing prevalence of cancer and the development of new targeted therapies.
This growth is expected to continue as research in solid tumor genomics, companion diagnostic tests, and immunohistochemistry assays advances.
The Clinical segment was valued at USD 258.30 million in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 40% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market is experiencing significant growth, particularly in North America, where the US holds a substantial market share. Factors contributing to this expansion include the rising prevalence of cancer, increasing adoption of advanced molecular profiling tests, an aging population, and substantial investments in cancer screening. In the US and Canada, sophisticated biopsy technologies enable early detection of chronic diseases, leading to improved patient outcomes and reduced mortality rates. Advanced cancer therapies, such as NTRK inhibitors, are revolutionizing treatment approaches for patients with oncogene-driven cancers. These therapies offer targeted treatment options based on genetic biomarkers, including NTRK gene fusions. However, the emergence of resistance mechanisms, such as epigenetic modifications and tumor mutational burden, necessitates continuous research and development of new therapeutic strategies.
The precision oncology approach, which relies on molecular tumor board evaluations and patient stratification methods, is becoming increasingly important in the development of personalized medicine strategies. Clinical trials enrolling patients based on specific biomarkers, such as NTRK gene fusions, are crucial for assessing therapeutic response prediction and overall survival rates. According to industry estimates, The market is projected to grow by over 25% annually. This growth is driven by the increasing adoption of targeted cancer treatments, advanced imaging techniques, and companion diagnostic tests, such as immunohistochemistry assays and next-generation sequencing. Despite these advancements, challenges remain, including genetic heterogeneity analysis and targeted therapy resistance.
Nonetheless, ongoing research and innovation in the field of solid tumor genomics continue to offer promising solutions for improving patient outcomes.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The NTRK fusion gene positive advanced solid tumor market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the NTRK fusion gene positive advanced solid tumor market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, NTRK fusion gene positive advanced solid tumor market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Bayer AG - The company's precision oncology treatment, Vitrakvi, is FDA-approved for managing advanced or recurrent solid tumors with NTRK fusion positivity.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled NTRK Fusion Gene Positive Advanced Solid Tumor Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
123 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.5% |
Market growth 2024-2028 |
USD 92.6 million |
Market structure |
Concentrated |
YoY growth 2023-2024(%) |
4.23 |
Key countries |
US, UK, China, Germany, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
We can help! Our analysts can customize this NTRK fusion gene positive advanced solid tumor market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
Get the report (PDF) sent to your email within minutes.
Complimentary full Excel data with your report purchase.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.