Neuroendocrine Tumors Treatment Market Regional Analysis

Based on region, North America is predicted to experience considerable growth in the neuroendocrine tumor treatment market, due to the increasing acceptance of novel neuroendocrine tumor treatments in the region. For instance, Ipsen's Somatuline Depot (lanreotide) Injection 120 mg was approved by the U.S. Food and Drug Administration (FDA) and it is intended for the treatment of adults with advanced or metastatic, moderately-differentiated, locally advanced, or metastatic gastroenteropancreatic neuroendocrine tumors (GEP-NETs).

Because more medications are being approved by the European Commission (EC) for sale in European nations, the market for treating neuroendocrine tumors in Europe is anticipated to develop significantly over the course of the forecast period. For instance, the European Commission (EC) approved Lutathera (lutetium (177Lu) oxodotreotide) in September 2017 for the treatment of patients with progressive, well-differentiated, unresectable or metastatic gastroenteropancreatic neuroendocrine tumors that express the somatostatin receptor (GEP-NETs). With the exception of Iceland, Norway, and Liechtenstein, all 28 members of the European Union are now able to market Lutathera thanks to the authorisation.