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US Carcinoid Tumor Market

ID: MRFR/Pharma/16783-HCR
100 Pages
Garvit Vyas
October 2025

US Carcinoid Tumor Market Research Report By Site (Lung, Gastrointestinal), By Diagnosis (Serology, Imaging, Biopsy) and By End Users (Hospital & Clinics, Academic Institutes, Research Organization) - Forecast to 2035

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US Carcinoid Tumor Market Summary

As per MRFR analysis, the US carcinoid tumor market size was estimated at 306.31 USD Million in 2024. The US carcinoid tumor market is projected to grow from 338.9 USD Million in 2025 to 931.68 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 10.64% during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The US carcinoid tumor market is experiencing notable growth driven by advancements in diagnostics and treatment options.

  • Advancements in diagnostic techniques are enhancing early detection and management of carcinoid tumors.
  • The rise of targeted therapies is transforming treatment paradigms, particularly in the largest segment of gastrointestinal carcinoid tumors.
  • Increased research funding is fostering innovation and development of new therapeutic options, contributing to market expansion.
  • The growing incidence of carcinoid tumors and advancements in treatment modalities are key drivers propelling market growth.

Market Size & Forecast

2024 Market Size 306.31 (USD Million)
2035 Market Size 931.68 (USD Million)

Major Players

Novartis (CH), Ipsen (FR), Pfizer (US), Bristol-Myers Squibb (US), AstraZeneca (GB), Eisai (JP), Sanofi (FR), Merck & Co. (US), Hoffmann-La Roche (CH)

US Carcinoid Tumor Market Trends

currently experiencing notable developments in the carcinoid tumor market., driven by advancements in diagnostic techniques and treatment options. Increased awareness among healthcare professionals and patients regarding neuroendocrine tumors has led to earlier detection and improved patient outcomes. This heightened awareness is likely to foster a more robust market environment, as stakeholders seek innovative solutions to address the unique challenges posed by carcinoid tumors. Furthermore, the growing emphasis on personalized medicine appears to be influencing treatment protocols, with a shift towards targeted therapies that may enhance efficacy and minimize side effects. In addition, witnessing a surge in research initiatives in the carcinoid tumor market. aimed at understanding the underlying biology of these tumors. This research is expected to yield new therapeutic targets and biomarkers, potentially transforming the landscape of treatment options available. Collaborations between academic institutions and pharmaceutical companies are likely to accelerate the development of novel therapies, thereby expanding the market. As the landscape evolves, it seems essential for stakeholders to remain agile and responsive to emerging trends and patient needs, ensuring that the carcinoid tumor market continues to progress in a positive direction.

Advancements in Diagnostic Techniques

Recent innovations in imaging and biomarker identification are enhancing the accuracy of carcinoid tumor diagnoses. Techniques such as PET scans and advanced blood tests are becoming more prevalent, allowing for earlier detection and better patient management.

Rise of Targeted Therapies

The carcinoid tumor market is increasingly leaning towards targeted therapies that focus on specific molecular pathways. This trend is likely to improve treatment outcomes and reduce adverse effects, aligning with the broader movement towards personalized medicine.

Increased Research Funding

There is a growing allocation of research funding towards understanding carcinoid tumors. This influx of resources is expected to facilitate the discovery of new treatment modalities and improve existing therapeutic strategies.

US Carcinoid Tumor Market Drivers

Increased Awareness and Education

The growing awareness and education surrounding carcinoid tumors are pivotal in shaping the carcinoid tumor market. Initiatives by healthcare organizations and advocacy groups have been instrumental in disseminating information about the symptoms, diagnosis, and treatment options available for carcinoid tumors. This heightened awareness is likely to lead to earlier diagnosis and treatment, which can improve patient outcomes. Moreover, educational campaigns targeting both healthcare professionals and the general public may contribute to a more informed patient population, potentially increasing the number of individuals seeking medical attention for symptoms associated with carcinoid tumors. As awareness continues to rise, the carcinoid tumor market is expected to benefit from an influx of patients requiring specialized care and treatment.

Advancements in Treatment Modalities

Innovations in treatment modalities for carcinoid tumors are significantly influencing the carcinoid tumor market. Recent advancements include the development of targeted therapies and novel drug formulations that enhance treatment efficacy. For instance, somatostatin analogs have shown promise in managing symptoms and controlling tumor growth. The carcinoid tumor market is also witnessing the introduction of peptide receptor radionuclide therapy (PRRT), which has demonstrated improved outcomes for patients with advanced disease. As these treatment options become more widely available, they are likely to attract investment and interest from pharmaceutical companies, further stimulating market growth. The ongoing research and clinical trials aimed at optimizing these therapies may lead to more effective solutions, thereby expanding the treatment landscape for carcinoid tumors.

Rising Investment in Cancer Research

The increasing investment in cancer research is a significant driver for the carcinoid tumor market. Government and private funding for cancer research initiatives have been on the rise, with substantial allocations directed towards understanding rare tumors, including carcinoid tumors. This financial support facilitates the exploration of novel therapeutic approaches and enhances the development of diagnostic tools. Furthermore, collaborations between academic institutions and pharmaceutical companies are becoming more common, fostering innovation in the carcinoid tumor market. As research efforts expand, the potential for breakthroughs in treatment and management strategies increases, which may lead to improved patient outcomes and a more robust market for carcinoid tumor therapies.

Growing Incidence of Carcinoid Tumors

The increasing incidence of carcinoid tumors in the US is a primary driver for the carcinoid tumor market. Recent data indicates that the annual incidence rate of carcinoid tumors has been rising, with estimates suggesting approximately 5.3 cases per 100,000 individuals. This trend is likely attributed to improved diagnostic capabilities and heightened awareness among healthcare professionals. As more cases are diagnosed, the demand for effective treatment options and management strategies in the carcinoid tumor market is expected to grow. Furthermore, the aging population, which is more susceptible to various cancers, may contribute to this rising incidence. Consequently, healthcare providers are focusing on developing innovative therapies and diagnostic tools to address the needs of this patient population, thereby propelling the carcinoid tumor market forward.

Regulatory Support for Innovative Therapies

Regulatory support for innovative therapies is a crucial driver for the carcinoid tumor market. The US Food and Drug Administration (FDA) has been actively facilitating the approval process for new treatments, particularly those that demonstrate significant advancements over existing options. This supportive regulatory environment encourages pharmaceutical companies to invest in research and development for carcinoid tumors. The introduction of expedited review pathways, such as Breakthrough Therapy Designation, allows for faster access to potentially life-saving treatments. As a result, the carcinoid tumor market is likely to see an influx of new therapies that can address unmet medical needs, ultimately benefiting patients and healthcare providers alike.

Market Segment Insights

By Type: Gastrointestinal (Largest) vs. Lung (Fastest-Growing)

In the US carcinoid tumor market, the Gastrointestinal segment holds the largest share, reflecting its prominent role in the overall distribution of carcinoid tumors. This segment benefits from a well-established presence within oncology, highlighting the growing awareness and diagnostic advancements that contribute to its market dominance. In contrast, the Lung segment is emerging rapidly, capturing attention due to increasing incidences and substantial investments in research focused on lung carcinoid tumors. Growth trends indicate a rising prevalence of carcinoid tumors, especially within the Gastrointestinal segment, driven by various factors, including better diagnostic techniques and increased healthcare access. The Lung segment's fast-paced growth can be attributed to enhanced technologies in identification and treatment, alongside growing advocacy for lung cancer awareness. These dynamics are expected to solidify both segments' importance within the US carcinoid tumor market as patient population awareness rises.

Gastrointestinal: Dominant vs. Lung: Emerging

The Gastrointestinal segment is characterized by its extensive market presence, benefiting from a comprehensive understanding of tumor behavior and treatment methodologies. It is perceived as the dominant force in the US carcinoid tumor market, with robust research initiatives supporting its established position. Conversely, the Lung segment is gaining traction as an emerging market leader, primarily due to an increased focus on this area of oncology. The innovative approaches in treatment and diagnostics, coupled with rising patient awareness, are propelling its market growth, making it a significant segment to watch in the evolving landscape of the US carcinoid tumor market.

By Diagnosis: Serology (Largest) vs. Imaging (Fastest-Growing)

In the diagnosis segment of the US carcinoid tumor market, serology stands out as the largest contributor, commanding a significant share due to its effectiveness in early detection and monitoring of carcinoid tumors. In contrast, imaging techniques have garnered attention as an emerging powerhouse, rapidly gaining traction among healthcare professionals and patients alike. This growing preference for imaging modalities is driven by advancements in technology and their ability to provide comprehensive insights into tumor localization and staging. The growth trends within this segment are primarily fueled by increasing healthcare spending and a heightened focus on early diagnosis. The integration of innovative imaging technologies, such as PET scans and MRI, is enhancing diagnostic accuracy and efficiency, propelling imaging towards becoming a key player in this market. Furthermore, the rising awareness of carcinoid tumors and the importance of timely interventions are likely to drive continued growth for both serology and imaging techniques, though imaging is expected to see the fastest growth over the coming years.

Serology (Dominant) vs. Imaging (Emerging)

Serology remains the dominant diagnosis method in the US carcinoid tumor market, known for its reliability in detecting neuroendocrine markers associated with carcinoid tumors. It enables healthcare providers to track tumor progression and therapeutic response effectively. The method benefits from established protocols and widespread acceptance, making it a cornerstone in initial patient evaluations. On the other hand, imaging techniques, particularly with the advent of advanced modalities like CT and MRI, are emerging as valuable tools. They provide visual confirmation of serological findings, aiding in more precise diagnosis and staging. As imaging technologies continue to evolve, they are expected to complement traditional serology tests, forming a comprehensive diagnostic approach that enhances patient outcomes.

By End User: Hospitals & Clinics (Largest) vs. Research Organizations (Fastest-Growing)

In the US carcinoid tumor market, Hospitals & Clinics are the largest segment, reflecting a significant portion of overall market share. This dominance is driven by the extensive treatment offerings and patient management capabilities of these establishments, providing comprehensive care and tailored treatment plans for patients diagnosed with carcinoid tumors. Conversely, Research Organizations are emerging as the fastest-growing segment, attributed to the increasing demand for innovative therapies and clinical trials aimed at enhancing treatment effectiveness and addressing unmet medical needs. The growth trends within this segment reveal that Hospitals & Clinics are continuously expanding their services to include advanced diagnostic and therapeutic technologies. Furthermore, the support from academic institutions fosters a conducive environment for Research Organizations, driving collaborative projects that lead to new treatment methodologies. This synergy is crucial for accelerating discoveries that can significantly improve patient outcomes.

Hospitals & Clinics (Dominant) vs. Research Organizations (Emerging)

Hospitals & Clinics serve as the dominant force in the US carcinoid tumor market, primarily due to their well-established infrastructure, skilled healthcare professionals, and the ability to offer multidisciplinary care approaches. These facilities are equipped to handle complex cases and provide comprehensive treatment pathways, ensuring continuity of care for patients. In contrast, Research Organizations represent an emerging segment, characterized by their focus on innovation and development of new therapeutic options. They play a critical role in the clinical trial landscape, continually researching and testing novel treatments for carcinoid tumors. The dynamic nature of Research Organizations drives their growth, making them essential in identifying new therapeutic avenues and enhancing the overall treatment landscape in the market.

Get more detailed insights about US Carcinoid Tumor Market

Key Players and Competitive Insights

The carcinoid tumor market is characterized by a competitive landscape that is increasingly shaped by innovation, strategic partnerships, and a focus on patient-centric solutions. Key players such as Novartis (CH), Ipsen (FR), and Pfizer (US) are actively engaged in enhancing their product portfolios and expanding their market presence. Novartis (CH) has positioned itself as a leader in the development of targeted therapies, while Ipsen (FR) emphasizes its commitment to rare diseases, including carcinoid tumors. Pfizer (US) is leveraging its extensive research capabilities to innovate treatment options, thereby influencing the competitive dynamics of the market.

In terms of business tactics, companies are increasingly localizing manufacturing and optimizing supply chains to enhance efficiency and reduce costs. The market appears moderately fragmented, with several players vying for market share. However, the collective influence of major companies like Merck & Co. (US) and Bristol-Myers Squibb (US) is notable, as they drive advancements in treatment modalities and patient access initiatives.

In October 2025, Ipsen (FR) announced a strategic partnership with a leading biotechnology firm to co-develop a novel therapy for carcinoid tumors. This collaboration is expected to enhance Ipsen's research capabilities and accelerate the development of innovative treatment options, thereby reinforcing its position in the market. The strategic importance of this partnership lies in its potential to bring forth new therapies that address unmet medical needs, ultimately benefiting patients.

In September 2025, Pfizer (US) launched a new clinical trial aimed at evaluating the efficacy of its latest drug candidate for carcinoid tumors. This initiative underscores Pfizer's commitment to advancing research in this area and highlights its proactive approach to addressing the challenges faced by patients. The trial's outcomes could significantly impact treatment protocols and establish Pfizer as a frontrunner in the market.

In November 2025, Merck & Co. (US) unveiled a comprehensive digital health platform designed to support patients with carcinoid tumors. This initiative reflects Merck's focus on integrating technology into patient care, enhancing the overall treatment experience. The strategic importance of this platform lies in its potential to improve patient engagement and adherence to treatment regimens, thereby contributing to better health outcomes.

As of November 2025, the carcinoid tumor market is witnessing trends such as digitalization, sustainability, and the integration of artificial intelligence in treatment protocols. Strategic alliances are increasingly shaping the competitive landscape, enabling companies to pool resources and expertise. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technological advancements, and supply chain reliability, ultimately enhancing patient care and treatment outcomes.

Key Companies in the US Carcinoid Tumor Market market include

Industry Developments

In recent developments, the US Carcinoid Tumor Market is experiencing notable growth, primarily driven by advancements in therapies and increasing diagnostic capabilities. Companies such as Genentech, Teva Pharmaceuticals, Novartis, AstraZeneca, Merck, Eli Lilly, and Bristol-Myers Squibb are actively involved in Research and Development (R&D) of targeted therapies for carcinoid tumors. Additionally, Gilead Sciences and Pfizer are focusing on improving treatment outcomes, which has contributed to a significant increase in market valuation, reflecting the heightened importance of personalized medicine.

Notable mergers and acquisitions within this segment have been scarce, but the dynamics involving companies like Johnson and Johnson, Bayer, and Ipsen suggest potential strategic realignments to enhance market presence.

In March 2023, Merck announced its collaboration with Bristol-Myers Squibb for an innovative approach to treating neuroendocrine tumors. Over the past couple of years, major regulatory approvals for novel therapies by Novartis and AstraZeneca have positively impacted market trends, confirming the growing recognition of carcinoid tumors and the necessity for effective treatment solutions across the United States. As awareness and diagnosis of carcinoid tumors improve, the market is poised for continued expansion.

Future Outlook

US Carcinoid Tumor Market Future Outlook

The carcinoid tumor market is projected to grow at a 10.64% CAGR from 2024 to 2035, driven by advancements in diagnostics, treatment options, and increasing awareness.

New opportunities lie in:

  • Development of targeted therapies for specific carcinoid tumor subtypes.
  • Expansion of telehealth services for remote patient monitoring.
  • Investment in AI-driven diagnostic tools for early detection.

By 2035, expected to achieve substantial growth and innovation..

Market Segmentation

US Carcinoid Tumor Market Type Outlook

  • Lung
  • Gastrointestinal

US Carcinoid Tumor Market End User Outlook

  • Hospitals & Clinics
  • Academic Institutes
  • Research Organizations

US Carcinoid Tumor Market Diagnosis Outlook

  • Serology
  • Imaging
  • Biopsy

Report Scope

MARKET SIZE 2024 306.31(USD Million)
MARKET SIZE 2025 338.9(USD Million)
MARKET SIZE 2035 931.68(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR) 10.64% (2024 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
Market Forecast Period 2025 - 2035
Historical Data 2019 - 2024
Market Forecast Units USD Million
Key Companies Profiled Novartis (CH), Ipsen (FR), Pfizer (US), Bristol-Myers Squibb (US), AstraZeneca (GB), Eisai (JP), Sanofi (FR), Merck & Co. (US), Hoffmann-La Roche (CH)
Segments Covered Type, Diagnosis, End User
Key Market Opportunities Advancements in targeted therapies and personalized medicine enhance treatment options in the carcinoid tumor market.
Key Market Dynamics Rising demand for targeted therapies drives innovation and competition in the carcinoid tumor treatment landscape.
Countries Covered US

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FAQs

What is the expected market size of the US Carcinoid Tumor Market in 2024?

In 2024, the US Carcinoid Tumor Market is expected to be valued at 350.0 million USD.

What will be the market size of the US Carcinoid Tumor Market by 2035?

By 2035, the US Carcinoid Tumor Market is projected to reach 1030.0 million USD.

What is the expected CAGR for the US Carcinoid Tumor Market from 2025 to 2035?

The expected CAGR for the US Carcinoid Tumor Market from 2025 to 2035 is 10.31%.

Which segment is expected to dominate the US Carcinoid Tumor Market by site in 2024?

The gastrointestinal segment is expected to dominate the US Carcinoid Tumor Market by site in 2024 with a value of 230.0 million USD.

What market size is projected for the lung carcinoid tumor segment by 2035?

The lung carcinoid tumor segment is projected to reach 360.0 million USD by 2035.

Who are the major players in the US Carcinoid Tumor Market?

Key players in the US Carcinoid Tumor Market include Genentech, Novartis, AstraZeneca, Merck, and Eli Lilly.

What is the expected market size for the gastrointestinal segment by 2035?

The gastrointestinal segment is expected to grow to 670.0 million USD by 2035.

How does the growth rate of the US Carcinoid Tumor Market compare to other cancer markets?

The growth rate of 10.31% for the US Carcinoid Tumor Market indicates robust expansion compared to many other cancer markets.

What opportunities exist in the US Carcinoid Tumor Market for emerging players?

Emerging players can capitalize on the increasing prevalence and awareness of carcinoid tumors to innovate and offer novel treatments.

What challenges might the US Carcinoid Tumor Market face over the forecast period?

The US Carcinoid Tumor Market may face challenges such as high treatment costs and stringent regulatory approvals for new therapies.

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