Synovial sarcoma is a predominantly juxta-articular, malignant, and soft-tissue tumour, which represents approximately 10% of all soft-tissue sarcomas. It was first reported in 1893, and due to its resembling characteristic with synovium, it was named as synovial sarcoma. As per the studies it has been observed that, synovial sarcomas are slow growing tumours and usually occur predominantly around knees, followed by the ankle, shoulder and elbow. Rise in incidence rate of all types of the cancer has been observed since last few decades. More than 60 percent of the world’s new cancer cases occur in Africa, Asia, and Central and South America & 70 percent of the world’s cancer deaths also occur in these regions. Moreover, cancer is the second-leading cause of death globally after cardiovascular disease, and the proportion of deaths around the world due to cancer has increased from 12% in 1990 to 15% in 2013 and according to the World Health Organization (WHO), cancer accounts for 8.3 million deaths each year, with 70% new cancer cases expected to be reported over the next 20 years. This is likely to provide significant opportunities for players in the synovial sarcoma market. According to the study represented by Sarcoma Foundation of America, Synovial sarcoma is the fourth most commonly occurring sarcoma, accounting for 8-10% of all sarcomas also, it has been observed that synovial sarcoma affects most commonly to the adolescent and young adults of age between 15 and 40.
Strong focus on research and development to enhance the treatment options available such as targeted therapies and biological therapies. Treatment methods which include targeted therapies will increase the survival rates of patients as these therapies have low toxicity associated with their use. Currently, there is no targeted therapy yet. Moreover, strong and promising clinical pipeline is anticipated to fuel the synovial sarcoma market in near future. There are 83 pipeline therapeutics for the treatment of synovial sarcoma of which 8 drugs are under clinical phase III (clinicaltrials.gov). Also, innovative technologies like ZVex and GLAAS technology, RESOLYSIN technology, and tumour specific cytotoxic T-cell treatment are showing promising results. Thus, significant pipeline of the drugs, growing awareness among people and the increasing funding for research are major factors driving the growth of the market. However, the side effects associated with cancer treatment, high cost of treatment, stringent government regulations, and the high failure rate in the clinical trials, might hamper the growth of the market in the future.
The global synovial sarcoma market can be segmented on the basis of treatment type, end user and geography. On the basis of treatment type, the market can be segmented into chemotherapy, immunotherapy, radiation therapy, and surgery. On the basis of end-user the market can be segmented into hospitals, cancer research centers, ambulatory surgical centers, and others. Chemotherapy and immunotherapy are anticipated to dominate the synovial sarcoma market in the forecast period. Multi-specialty hospitals are anticipated to remain dominant during the forecast period.
Based on geography, the synovial sarcoma market can be segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and Middle East-Africa (MEA). At present, North America holds a leading position in the market followed by Europe. The major factors which have driven the market growth include development of innovative treatment, current FDA approval and rising adoption of innovative approach by patient and doctors. Moreover development of novel treatment and therapy for synovial sarcoma due to funding from Sarcoma Foundation of America and Synovial Sarcoma Research Foundation is also the major contributing factor for the growth of North America synovial sarcoma market. The population in developed countries is projected to have more number of patients due to the rise of obese patients and elderly population. This will drive more cancer prevalence and growth in revenue for the treatment methods.
Various key players contributing to the global synovial sarcoma market comprises Pfizer Inc., F. Hoffmann-La Roche Ltd, Bayer AG, Epizyme, Inc., Cue Biopharma, TAKARA BIO INC., and Adaptimmune.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.