Market Dynamics
Rising incidence of genetic disorders is one of the major factors responsible for growth of the global dedifferentiated Liposarcoma treatment market. According to a report published by Genetics Education Center, University of Kansas Medical Center 2012, 15% of all the cancer have an inherited susceptibility as well as 12% of the hospital admissions in the U.S. accounted for treatment of genetic causes in 2013. Moreover, according to a report published by Massachusetts General Hospital in 2017, Liposarcoma affected around 375,000 people worldwide. Various other factors contributing to growth of the market include changing lifestyle and growing awareness among populace regarding availability for the treatment of Liposarcoma through various initiatives undertaken by government, non-government, and other organizations. For instance, Liposarcoma Genome Project initiative by Massachusetts General Hospital Cancer Center includes conducting research to understand the differences between well-differentiated and dedifferentiated Liposarcoma, to support in developing leading edge treatment for the rare disease. Conversely, high costs associated with treatment procedures and low accessibility due to the rareness of disease are expected to be factors hindering the market growth.
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