Thymus Cancer Market Research Report: Information 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) - Global Forecast till 2027
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Thymus Cancer Market Overview
Hearing about tumor makes us think about a brain tumor, even though there are other kinds of cancerous tumors that are equally dangerous. One such tumor is called Thymus cancer that originates from the epithelial cells of the thymus and gets formed on the outer surface. If diagnosed on a timely basis, it can be removed surgically. Few people know about this cancer because it is a rare type of cancer and accounts for only 1 % of total cancers. The thymus is in that part of the chest which is called the mediastinum in biological terminology. It is the space in the chest between the lungs that contains the esophagus, the heart, part of the aorta, part of the trachea, and many lymph nodes.
Market Scenario
Thymus Cancer Market is expected to register significant growth over the forecast period. The market was valued at approximately USD 481.85 Million in 2018 and is projected to register a 5.2% CAGR over the forecast period.
Thymus cancer occurs in a small organ that is located behind the sternum (breastbone) in front of the chest.
The rising prevalence of thymus cancer is expected to drive market growth. According to the National Cancer Institute (NCI), the incidence rate for thymoma is 0.15 cases per 100,000 people, as of 2016. Moreover, increasing research and development expenditure in the field of oncology for the development of innovative drugs to treat cancer is also expected to boost market growth.
Market Research Future (MRFR) has published a research report that foretells limited growth for the global thymus cancer market by 2024. This report features the analysis of market structure, analysis of market structure, and analyzes the strategies and profiles of key players in the market.
Thymus Cancer Market Key Players
Latest Industry News
- Lili Yang, a researcher from the University of California (UCLA), has been awarded the US $1.4 mn to develop further, a stem cell-based cancer treatment that can treat various kinds of cancers including thymus cancer. After genetically modifying the stem cells from healthy donors, Yang’s new method places them in an artificial thymic organoid. The organoid replicates the functions of the thymus and helps convert blood-forming stem cells into immune cells. 23 JUL 2018
- Following the transitioning of a T-cell therapy program, Adaptimmune received a $27.5 mn payment from GlaxoSmithKline. Adaptimmune’s NY-ESO SPEAR T-cell therapy technology boosts the ability of a person’s immune system to recognize and destroy cancer cells. SPEAR stands for specific peptide enhanced affinity receptor T-cells. T-cells are subtypes of white blood cells that develop in the thymus gland. They are responsible for a variety of immune system responses. 24 JUL 2018
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