Cholangiocarcinoma Market Overview:
Cholangiocarcinoma Market size was valued at USD 185 million in 2021 and is projected to reach around USD 450 million in 2030 exhibiting a CAGR of 12.5% in the forecasted period. Bile duct cancer, also known as cholangiocarcinoma, is a type of cancer that starts in the lining of the bile ducts. Bile is transported by these ducts from the liver to the small intestine, where it aids in the breakdown of lipids. Anywhere along the bile duct system, including the intrahepatic (inside the liver), perihilar (at the intersection of the right and left hepatic ducts), and distal (outside the liver) regions, is where cholangiocarcinoma can develop.
Cholangiocarcinoma treatment choices are contingent upon various criteria, including the stage, location, and general health of the patient. When possible, surgical excision provides the highest chance of recovery; however, many instances cannot be treated at the time of diagnosis.
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Market Growth Factors:
The acquisition of licenses from regulatory bodies by major industry players is expected to propel the growth of the global cholangiocarcinoma market. For instance, the biopharmaceutical company Incyte stated in April 2020 that Pemazyre, a kinase inhibitor, had been approved by the FDA for the treatment of adults with unresectable, locally advanced, or metastatic cholangiocarcinoma that had not responded to prior treatment and had an FDA-approved test that identified a FGFR2 fusion or other rearrangement.
A deeper understanding of cholangiocarcinoma is provided by ongoing research and discoveries in oncology and genetics, which pave the way for the creation of precision medicine techniques and tailored medicines. Better results and earlier identification can be facilitated by raising awareness of risk factors, symptoms, and screening methods among the general public and healthcare professionals. Modern imaging methods, like molecular tests, CT scans, and MRIs, help provide more precise illness monitoring and diagnosis.
Market Scope:
- The descriptive review of cholangiocarcinoma is included in the study, along with information on its etiology, symptoms, pathophysiology, diagnosis, and current treatments.
- Additionally, a comprehensive description of all available treatments for cholangiocarcinoma is given, along with an evaluation of novel treatments that could alter the current state of care.
- The research covers drug outreach in the 7MM and provides a thorough analysis of the past and projected cholangiocarcinoma market.
- Understanding the factors influencing and propelling the worldwide cholangiocarcinoma market gives the report’s readers a competitive advantage when formulating business plans.
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Market Segmentation:
By Treatment Type
- Chemotherapy
- Gemcitabine
- Cisplatin
- Oxaliplatin
- Oxaliplatin
- 5 fluorouracil (5-FU)
- Targeted Therapy
- Pemigatinib
- Infigratinib (Phase 3)
- Ivosidenib (Phase 3)
- Immunotherapy
- Pembrolizumab (Phase 3)
- Others
By Disease Indication
- Intrahepatic Bile Duct Cancer
- Extrahepatic Bile Duct Cancer
By Distribution Channel
- Retail Pharmacies
- Hospital Pharmacies
- Online Pharmacies
Market Regional Analysis:
The market is now dominated by North America, and this trend is expected to continue over the projected period. The region’s well-developed healthcare sector, rising cancer patient numbers, and rising government spending on healthcare are the main drivers of growth. The United States spent $3.2 trillion on healthcare per person in 2015, or 17.8% of GDP.
The second-largest market share for cholangiocarcinomas is found in Europe. Future prospects in the market are promising due to the region’s continued growth, particularly in China and India. The fastest CAGR was seen in India’s healthcare spending.
Market for Cholangiocarcinomas: Important Notes
- North American market to drive the fastest growth
- The market with the greatest growth will be retail pharmacies.
- Asia Pacific market to expand at the fastest rate
Key Market Companies:
- Johnson & Johnson Private Limited
- Mylan N.V.
- Tewa Pharmaceutical Industries Ltd.
- Sanofi
- Pfizer Inc.
- AstraZeneca
- GlaxoSmithKline plc
- AbbVie Inc.
- Novartis AG
- Fresenius Kalbi AG
- Eli Lilly and Company
- Hoffmann-La Roche Ltd.
- Intercept Pharmaceuticals
- Kyowa Kirin Co., Ltd.
- Delicate Systems, Inc.
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