The global neuroendocrine tumor market is projected to grow at a CAGR of around 10% during the forecast period. The increased prevalence of the neuroendocrine tumor is generating the scope for the market growth. There are around 1 million cases of neuroendocrine tumors across the globe which is projected to increase in the future due to the sedentary lifestyles. Further, the rising prevalence of neuroendocrine tumors enhances the adoption rate of the drugs for the treatment of the disease, which in turn supports the market growth. However, the cost of the manufacturing of the drugs is higher as compared to other drugs which is likely to hinder the growth of the market in the near future.

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In addition, rising government initiatives, supports,and funding by various international organizations which is further projected to boost the market growth during the forecast period. Ongoing research activities regarding the development of novel drugs are also supporting the market growth. For instance, in 2018, the Neuroendocrine Tumor Research Foundation (NETRF), invested around $1.5 million for the production of Peptide Receptor Radionuclide Therapy (PRRT). Moreover, a novel drug produced by Progenics Pharmaceuticals Inc. is under clinical trials, PSMA Targeted PET Imaging Agent for the treatment of prostate cancer. Thus, heavy investments by the key players and cancer research organizations are propelling market growth.

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Market Segmentation

Global Neuroendocrine Tumor Market by Treatment Type
Somatostatin Analogs (SSA)
Targeted Therapy
Chemotherapy
Others
Global Neuroendocrine Tumor Market by Indication
Lungs
Pancreas
Gastrointestinal
Others
Global Neuroendocrine Tumor Market by End-User
Hospital& Clinics
Others
Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
Rest of Asia-Pacific
Rest of the World
Company Profiles

AVEO Pharmaceuticals Inc.
Boehringer Ingelheim International GmbH
Bristol-Myers Squibb Co.
Dauntless Pharmaceuticals, Inc.
Eli Lilly & Co.
Exelixis, Inc.
F. Hoffmann-La Roche Ltd.
Hutchison MediTechLtd.
Ipsen Group
Mateon Therapeutics, Inc.
Novartis International AG
Pfizer Inc.
Progenics Pharmaceuticals, Inc.
Tarveda Therapeutics, Inc.
Teva Pharmaceutical Industries, Ltd.
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