The Penile Cancer Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033)
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According to The Business Research Company’s Penile Cancer Global Market Report 2024, The penile cancer market size has grown strongly in recent years. It will grow from $22.25 billion in 2023 to $24 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to early detection systems, patient-centric care, expanded hpv vaccination programs, integration of digital pathology,
The penile cancer market size is expected to see strong growth in the next few years. It will grow to $31.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to telemedicine and remote monitoring, screening programs, improvements in imaging technologies, biosimilar adoption, integration of wearable devices, digital health solutions. Major trends in the forecast period include integration of artificial intelligence, technological advancements in surgical techniques, immunotherapy advancements, integration with machine learning.
The increasing incidence of penile cancer is expected to propel the growth of the penile cancer market going forward. Penile cancer refers to the development of malignant (cancerous) cells in the tissues of the penis. An increase in the incidence of penile cancer can potentially lead to a growth in the demand for diagnostic, surgical, and supportive care services, thus impacting the penile cancer market. For instance, in January 2023, according to reports shared by the American Cancer Society Inc., a US-based voluntary health organization, there will be about 2,050 new cases of penile cancer reported and 470 deaths from penile cancer by 2023. Therefore, the increasing incidence of penile cancer is driving the growth of the penile cancer market.
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The penile cancer market covered in this report is segmented –
1) By Type: Squamous Cell Cancer Of Penis, Aden Carcinoma Of Penis, Melanoma Of The Penis, Basal Cell Cancer Of Penis, Sarcoma Of Penis
2) By Type Of Therapy: Radiation Therapy, Chemotherapy, Biological Therapy, Surgery
3) By Diagnostic Test: Biopsy, Ultrasound, Imaging Tests
4) By Application: Hospital, Clinics, Other Applications
Clinical collaborative guidance is a key trend gaining popularity in the penile cancer market. Major companies operating in the penile cancer market are developing new guidance on penile cancer to sustain their position in the market. These collaborative efforts aim to provide unified, evidence-based guidance on diagnosing, treating, and managing penile cancer. For instance, in March 2023, the European Association of Urology (EAU), a Netherlands-based non-profit organization, and the American Society of Clinical Oncology, a US-based non-profit organization, released new guidelines on diagnosing and treating penile cancer. The new guidelines recommend that all men with suspected penile cancer be referred to a multidisciplinary team of experts for evaluation. The main guidelines for penile cancer are early detection and diagnosis. Surgery is the most common treatment for early-stage penile cancer treated with radiation therapy. Chemotherapy is used to treat advanced penile cancer, and patients with penile cancer should receive follow-up care for at least five years after treatment.
The penile cancer market report table of contents includes:
1. Executive Summary
2. Penile Cancer Market Characteristics
3. Penile Cancer Market Trends And Strategies
4. Penile Cancer Market – Macro Economic Scenario
5. Global Penile Cancer Market Size and Growth
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26. South America Penile Cancer Market
27. Brazil Penile Cancer Market
28. Middle East Penile Cancer Market
29. Africa Penile Cancer Market
30. Penile Cancer Market Competitive Landscape And Company Profiles
Top Major Players:
- Pfizer Inc
- Merck & Co. Inc
- Bayer AG
- Bristol-Myers Squibb Company
- Fresenius Kabi AG
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