Chordoma tumors can press the spine, brain, and nerves as they grow causing nerve problems such as tingling, numbness, weakness, lack of bladder or bowel control, sexual dysfunction, vision problems, endocrine problems, and swallowing difficulties. Chordomas are generally treated depending upon its location, size, and appearance. However, even after the initial surgical treatment, chordomas may regrow or spread in other parts of the body. Chordomas are most commonly spread to the bones, lungs, liver or lymph nodes. The treatment options include surgery, radiation therapy, targeted therapy, and chemotherapies in advanced stages. The most frequently used treatment is targeted therapy, where the drugs specifically target cancerous cells. Increasing drug approvals from regulatory authorities for the treatment of chordoma is expected to drive growth of the chordoma disease therapeutics market over the forecast period. increasing research and developemnet activities for the treatment of chordoma are also expected to propel the growth of the global chordoma therapeutics market during the forecast period.
Market Dynamics
The increasing number of research and development activities by key players operating in the market, in order to develope advanced treatment for chordoma is expected to propel the market growth over the forecast period. Also market players are focusing on inorganic statergies such as collaboration. For instance, in June 2020, Boehringer Ingelheim, a pharmaceutical company, initiated phase 3 clinical trial in collaboration with the Chordoma Foundation, a non-profit organization. The purpose of the trial was to evaluate the safety and efficacy of Afatinib, a tyrosine kinase inhibitor, as first line or later line treatment in advanced chordoma.
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