Gall Bladder Cancer Treatment Market Trends Growth Demand Forecast Analysis 2022 | DataM Intelligence
Gall Bladder Cancer Treatment Market Overview:
Under the liver, in a pear-shaped organ, is where gall bladder cancer develops due to aberrant cell proliferation. Because it frequently generates no distinct signs and symptoms, it is difficult to recognize in the early stages and goes undetected.
Gall Bladder Cancer Treatment Market Size Growth Rate:
According to the research report published by DataM Intelligence, the global gall bladder cancer treatment market size is projected to reach USD billion by 2029, with growth at a CAGR of 6.48% over the forecast period 2022-2029.
Radiation therapy, chemotherapy, or surgery are a few treatments that can be used to treat gallbladder cancer. Gallbladder cancer has a considerably higher chance of being effectively treated if it is discovered early.
Market Drivers:
The rise in cases of gall bladder cancer worldwide, rising awareness of available treatments, favorable reimbursement policies, and increased government investment in the healthcare sector are all contributing factors to the growth of the global market for treatments for gall bladder cancer. The global market for treatments for gall bladder cancer is being driven by an increase in the prevalence of the disease.
One of the factors contributing to the market’s expansion is the growing elderly population. The American Cancer Society has predicted that there will be about 12,130 new cancer cases of the gallbladder and surrounding major bile ducts in the United States in 2022: 5,710 in men and 6,420 in women. There were around 4,400 cancer-related deaths: 1,830 males and 2,570 women.
Market Restraints:
High diagnostic costs could restrain market expansion. The market is likely to be hampered by the high cost of treatments. Most developing and underdeveloped nations struggle with this issue.
Market Opportunities
Instead of adjuvant therapy, neoadjuvant therapy has been used to treat gallbladder cancer. The improvement in overall survival and the rate of resectability, both of which indicate promising outcomes, may present a potential opportunity for the market for treating gallbladder cancer.
COVID-19 Impact Analysis
COVID-19 had a negative effect on the global market for treating gall bladder cancer in 2020 because fewer people were being diagnosed. The focus on COVID-19 caused delays in cancer screening, diagnosis, and treatment because of the lack of access to healthcare. A surge in late-stage diagnoses and cancer deaths that may have been prevented will undoubtedly occur after the decline in cancer diagnoses. The American Cancer Society and other organizations promoted regular cancer screenings and other elective medical treatments during the pandemic to find gall bladder cancer early. However, the lockdown and travel restrictions during the pandemic made it challenging for many to receive cancer diagnoses. The market recovery was also halted in the first and second quarters of 2021 due to the COVID-19’s second wave and the appearance of its deadlier variants.
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Recent Developments in the Industry:
On November 25th, 2019, Ferring Blackstone Life Sciences launched Nadofaragene Firadenovec. This product is a gene therapy drug that can be used to treat invasive bladder cancer.
Market Segmentation:
As per the research analysis, the gall bladder cancer treatment market is segmented by treatment into chemotherapy, radiation therapy, immunotherapy, and others. Based on indication, the market is segmented into Stage I, Stage II, Stage III, and Stage IV. Based on end-user, it is segmented into hospitals, clinics, cancer research institutes, and others.
On the basis of treatment, the immunotherapy segment is estimated to grow at the highest market value during the forecast period (2022-2029). The treatment segment accounted for the largest market share of the global gall bladder cancer treatment market in 2020. Immunotherapy is a cancer therapy that enhances the immune system’s capacity to identify and eliminate cancer cells. Immunotherapy medications may be suggested to treat gallbladder cancers that cannot be removed surgically or have spread widely throughout the body (metastasized). Specific DNA alterations in some gallbladder cancers make them more amenable to treatment with specific immunotherapy medications. To treat gallbladder tumors with a particular genetic signature known as MSI, Keytruda (pembrolizumab) and Opdivo (nivolumab) are two forms of immunotherapy that have received approval. Drugs used in immunotherapy may assist the immune system in locating and eliminating these cells because this genetic marker frequently results in many mutations in cancer cells.
Geographical Classification:
According to the report the market is divided into North America, South America, Europe, Asia-Pacific, and Middle East.
North America Gall Bladder Cancer Treatment Market:
North America dominates the market as the United States and Canada have well-structured and developed healthcare systems. professionals and the sheer number of organizations working on research and development are expected to drive the market growth in this region. The growing healthcare expenditure is expected to drive the market growth in this region. According to data from the Centers for Medicare and Medicaid Services, the nation’s healthcare spending in the United States exceeded US$ 4.1 trillion in 2020 and is anticipated to reach US$ 6.2 trillion by 2028.
EuropeGall Bladder Cancer Treatment Market:
The Europe gall bladder cancer treatment market size was valued at USD billion in 2021, it is projected to reach USD billion by 2029, with growth at a CAGR of % over the forecast period 2022-2029.
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Competitive Analysis:
The major players are adopting several growth strategies such as acquisitions, product pipeline, and collaborations, contributing to the growth of gall bladder cancer treatment market globally.
Major Companies:
Some of the key players which are contributing to the growth of the market include are Eli Lilly and Company, Bristol-Myers Squibb Company, Cipla Inc, Pfizer Inc, F.Hoffmann –La Roch Ltd, Sanofi, OncoTherapy Science, Inc, Intuitive Surgical, Samarth Pharma Pvt.Ltd, GLS pharma Ltd, Sun Pharmaceutical Industries Ltd, and others
Additional Benefits Post Purchase:
1) Unlimited Analyst support for a period of 1 year.
2) Any query with regards to the scope offered will be addressed within 24- 48 hours.
3) An excel sheet with market numbers will be provided separately.
The Full Report has the below insights
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).
- Visualize the composition of the global gall bladder cancer treatment market segmentation by product type, technology, application, end-user and country highlighting the key commercial assets and players.
- By Treatment: Chemotherapy, Radiation Therapy, Immunotherapy, And Others
- By Indication: Stage I, Stage II, Stage III, and Stage IV
- By End-User: Hospitals, Clinics, Research Institutes and Others
- By Region: North America, South America, Europe, Asia-Pacific and Middle East
- Identify commercial opportunities in the global gall bladder cancer treatment market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as, porter’s five forces, regulations in each country, pipeline analysis and pricing analysis.
- Excel data sheet with thousands of data points global gall bladder cancer treatment market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
- The report will provide access to approximately 50+ market data tables, 40+ figures, and close to 180 pages.
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