RCC has a five-year survival rate of above 70%, according to the National Cancer Institute. Renal cell carcinoma is one of the most rapidly growing solid tumor cancers. The clinical paradigm that governs both renal cell carcinoma comprehension and treatment has changed dramatically during the last few decades. Renal cell carcinoma is the eighth most prevalent cancer in adults, accounting for between 3% and 4% of all new cancer cases worldwide. Various renowned research institutes have calculated that renal cell carcinoma is the seventh most prevalent cancer in men and the ninth most common cancer in women.
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Data Bridge Market Research analyses that the renal cell carcinoma market was valued at USD 635.40 million in 2021 and is expected to reach USD 1005.11 million by 2029, registering a CAGR of 5.90% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Renal cell carcinoma is a cancer that is particularly resistant to systemic therapy in advanced stages. Patient survival has improved as a result of advanced surgical treatments and innovative medications, as well as the extension of clinically stable disease states. Because of the widespread use of abdominal imaging, such as ultrasonography, computed tomography (CT), and magnetic resonance imaging, the proportion of tiny and incidental kidney cancers has increased dramatically (MRI). In metastatic and advanced RCC, the current treatment landscape will move from TKIs and mTOR inhibitors to specialized immuno-oncology medicines such as immune checkpoint inhibitors (ICI), which have shown favourable outcomes on PFS as monotherapy (Opdivo) or combination therapy (Opdivo+Yervoy).
Opportunities
- Increase in the number of research and development activities
The renal cell carcinoma market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the renal cell carcinoma market growth. Manufacturers of kidney cancer diagnostic systems and healthcare service providers have begun to offer tailored patient care and access to complete end-to-end medical technology products and services for renal cell carcinoma kidney cancer treatment. They are working on product prototyping development and improvement, as well as minimizing operational expenses.
Moreover, increase in the number of emerging markets and rising technological advancement will further provide beneficial opportunities for the renal cell carcinoma market growth during the forecast period.
North America dominates the renal cell carcinoma market because of the presence of key manufacture of the product and established regulatory framework in this region. Additionally, high demand of diseases specific treatment and surging adoption of newer technologies will further propel the market’s growth rate in this region. Asia-Pacific is expected to grow during the forecast period due to increased government awareness programs and rising healthcare expenditure in this region. Also, growing number of generic drugs manufacturers will further cushion the market’s growth rate in this region.
Major Key Players operating in the market are F. Hoffmann-La Roche Ltd. (Switzerland), Mylan N.V. (U.S.), Teva Pharmaceutical Industries Ltd.(Ireland), Sanofi (France), Pfizer Inc. (U.S.), GlaxoSmithKline plc (U.K.), Novartis AG (Switzerland), Bayer AG (Germany), Eli Lilly and Company (U.S.), Merck & Co., Inc. (U.S.), Allergan (Ireland), AstraZeneca (U.K.), Johnson & Johnson Private Limited (U.S.), Cipla Inc. (U.S.), Abbott (U.S.), AbbVie Inc. (U.S.), Merck KGaA (Germany), LEO Pharma A/S (Denmark), Bausch Health Companies Inc. (Canada), Sun Pharmaceutical Industries Ltd. (India), Aurobindo Pharma (India), Lupin (India), Hikma Pharmaceuticals PLC (U.K.), Fresenius Kabi AG (Germany), Amneal Pharmaceuticals LLC. (U.S.) among others.
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