The Global Bile Duct Cancer Market Continues To Grow Owing To the Gradual Incidence of Bile Duct Cancer Cases in the World


Bile Duct Cancer Market, by Treatment Type (Chemotherapy (Gemcitabine, Cisplatin, Oxaliplatin, Capecitabine, and 5 fluorouracil (5-FU), Targeted Therapy (Pemigatinib, Infigratinib (Phase 3), and Ivosidenib (Phase 3), Immunotherapy (Pembrolizumab (Phase 3) and Others), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies ), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share Outlook, and Opportunity Analysis, 2021 - 2028.

Bile duct cancer, also called cholangiocarcinoma, is a type of cancer that affects the bile ducts, a part of the digestive tract. It is a rare disease that is often difficult to detect because of the lack of knowledge about its early signs and symptoms. Bile duct cancer can be treated with surgery, chemotherapy, or radiotherapy. The type of treatment patients get will depend on their general health, the stage of cancer, and whether the tumor has spread. They will be cared for by a team of specialists who will work together to create a personalized treatment plan for them. After undergoing the surgery, patients will be moved to a post-surgical care unit for continued monitoring and care.

The global Bile Duct Cancer Market is estimated to be valued at US$ 185.4 million in 2021 and is expected to exhibit a CAGR of 12.8% over the forecast period (2021-2028).



Competitive Landscape:

Major players operating in the global bile duct cancer market include Delcath Systems, Inc., Imbrium Therapeutics L.P., Ability Pharmaceuticals, RenovoRx, Agios Pharmaceuticals, Inc., QED Therapeutics, Inc., Eisai Co., Ltd., and Incyte Corporation.

Key Market Drivers:

The gradual incidence of bile duct cancer cases in the world is expected to augment the growth of the global market. For instance, according to the UK National Health Service, around 1000 new bile duct cancer cases happen annually in the UK. Most bile duct cancers start in the epithelial cells of the bile duct. Chronic biliary diseases, such as primary sclerosing cholangitis, can increase the risk of developing bile duct cancer. These chronic conditions can lead to long-term inflammation of the bile duct epithelium. In order to diagnose bile duct cancer, doctors may perform an imaging scan. This is a painless procedure that produces detailed pictures of the inside of the body. Moreover, increasing research and development related to cancer studies is estimated to enhance the growth of the global market.

Covid-19 Impact Analysis:

During the COVID-19 pandemic, the high rate of research and developments related to drugs boosted the growth of the global bile duct cancer market. For instance, in June 2020, the All of Us Research Program initiated antibody testing and the study includes the Centers for Disease Control and Prevention, the National Institute of Allergy and Infectious Diseases, the National Cancer Institute, and the Frederick National Laboratory for Cancer Research.

Key Takeaways:

North America is expected to dominate the growth of the global market, owing to the incidence of bile duct cancer cases in the region. For instance, according to the American Cancer Society, around 8000 cases of bile duct cancer are diagnosed every year in the United States.

The Asia Pacific is estimated to witness high growth in the global market, owing to the increasing prevalence of biotechnology companies in the region. For instance, according to the Japan Bioindustry Association, there are around 1,200 active biotech startups in Japan.




Comments

Post a Comment

Popular posts from this blog

Global Fiber Reinforced Concrete Market Opportunity Analysis and Industry Forecast 2028

Image
  Fiber Reinforced Concrete Market A rise in commercial construction activity is anticipated to fuel the market as a result of the economy's improved state. The need for more office and storage space has been driven by the expansion of industries like food and consumer goods, which has had a large positive impact on the construction sector and the demand for paving slabs as long-lasting and attractive flooring. With the majority of the actors involved in the production and manufacture of the raw materials used in the production of paving slabs, product makers have a highly integrated supply chain. The majority of market participants also benefit from a robust direct distribution network that facilitates a seamless flow of products and enables them to build a broader customer base. Having a wide range of customizable products is important while making purchases. The global Fiber Reinforced Concrete Market was valued at US$ 2,330.40 Mn in 2020 and is forecast to reach a value of US$
Read more

Augmented Reality Is Fastest Growing Segment Fueling The Growth Of Air Defense Systems Market

Image
Air Defense Systems Market Market Overview: Air defense systems provides protection against cruise, tactical and strategic ballistic missiles, unmanned aerial vehicles, and aircraft. They consist of radar systems, interceptor missiles, command and control systems and fire control systems. Air defense systems help detect incoming enemy planes, and intercept missiles and other threats before they reach their targets using air-to-air, surface-to-air, and man-portable missiles. Market key trends: One of the major trends in the air defense systems market is the increasing adoption of augmented reality and artificial intelligence. Augmented reality offers 3D digital interfaces to air defense operators and commanders and overlays geographical data and combat intelligence information onto real-world combat scenarios. This enhances situation awareness, minimizes fatigue and improves decision-making. It is increasingly being incorporated into command and control systems, fire control radars and
Read more

Agricultural Micronutrients Market Growth Accelerated By Increasing Need For Improved Soil Fertility

Image
Agricultural Micronutrients Market Agricultural micronutrients are essential plant nutrients required in small quantities for healthy plant growth and development. Micronutrients such as iron, zinc, manganese, molybdenum, and boron play vital roles in various metabolic functions of crops such as photosynthesis, nitrogen fixation, and enzyme activity. The increasing need to boost crop yields and improve soil fertility has raised the demand for micronutrient fertilizers globally. The growing population and reducing arable land have fueled the need for sustainable agricultural practices, propelling the micronutrients market. The global Agricultural Micronutrients Market is estimated to be valued at US$ 5.19 Bn in 2024 and is expected to exhibit a CAGR of 27.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market key trends: The increasing adoption of precision farming and digital technologies in the agriculture sector is
Read more