Australian Renal Cancer Market 2023 | Estimate CAGR Analysis, Technological Development Overview, Growth Trends and Competitive Research till 2028

Report Overview

The Australian Renal Cancer market size stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Kidney cancer was the 7th most diagnosed cancer in Australia in 2016. It is estimated that it will remain the 7th most diagnosed cancer in 2020. More than 3000 people are diagnosed with kidney cancer in Australia each year. It makes up about 2.5% of all cancers. It is twice as common in men as women and is the ninth most diagnosed cancer for Australian men. The risk of kidney cancer increases with age, and most cases occur in people over 50. Renal cell cancer (also called kidney cancer or renal cell adenocarcinoma) is a disease in which malignant (cancer) cells are found in the lining of tubules (very small tubes) in the kidney. There are 2 kidneys, one on each side of the backbone, above the waist. Tiny tubules in the kidneys filter and clean the blood. They take out waste products and make urine. The urine passes from each kidney through a long tube called a ureter into the bladder. The bladder holds the urine until it passes through the urethra and leaves the body.

Market Drivers

The mortality rate for kidney cancer is expected to increase with age which shows a positive impact on the market. Thus, the increasing prevalence of kidney cancer, the growing geriatric population along with that awareness about cancer is the major factors driving the segment and expected to do over the forecast period. Few other drivers of the renal cell carcinoma market include changing lifestyles, misuse of certain painkillers, & obesity.

The population above 60 years of age forms the target demographic segment for this vertical, as this population subset is more prone to neurological conditions. The advancement of diagnostics equipment increases the lifespan of this demographic and improves the quality of life for those suffering from neurological conditions. Hence, the presence of a large geriatric population pool is considered a vital driver for this industry.

Epidemiology

In 2016, there were 3,627 new cases of kidney cancer diagnosed in Australia (2,408 males and 1,219 females). In 2020, it is estimated that 4,193 new cases of kidney cancer will be diagnosed in Australia (2,755 males and 1,438 females).

In 2018, there were 875 deaths from kidney cancer in Australia (579 males and 296 females). In 2020, it is estimated that there will be 917 deaths (616 males and 301 females).

In 20122016, individuals diagnosed with kidney cancer had a 79 % chance (78% for males and 79% for females) of surviving for five years compared to their counterparts in the general Australian population.

At the end of 2015, there were 3,229 people living who had been diagnosed with kidney cancer that year, 13,127 people living who had been diagnosed with kidney cancer in the previous 5 years.

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Major Players

Australia presents rewarding opportunities for the key players operating in the Renal Cancer market, owing to growth in awareness about Renal Cancer treatment and the rise in adoption of Renal Cancer treatment products. Moreover, improvement in healthcare infrastructure, rise in the number of hospitals equipped with advanced medical facilities, developing R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare further contribute to the market growth. Key players profiled in this report include Roche Diagnostics, Astellas Pharma Inc., AstraZeneca plc, Bayer AG, Bristol-Myers Squibb Company, F. Hoffmann-La Roche AG, Ferring Pharmaceuticals Inc., GlaxoSmithKline Plc, Ipsen Pharma, Johnson & Johnson, and Takeda Pharmaceutical Company Ltd.

The Australian Renal Cancer Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Australian Renal Cancer market. This report explores all the key factors affecting the growth of the global Australian Renal Cancer market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Market Segmentation

By Therapy Type:

Based on therapy type, the Renal cancer market has been segmented into biological therapy, chemotherapy, targeted therapy, surgery, and immunotherapy.

Increasing use of biologics and targeted therapies acts as a restraint for the kidney cancer drug market. When kidney cancer is spread to other organs, targeted therapies are used to control kidney cancer where chemical drugs are ineffective. Also, targeted drugs are used post kidney cancer surgery to prevent the re-occurrence of kidney cancer. Conventional chemical drugs cannot be used in the same way. Also, targeted therapies for kidney cancer have illustrated higher efficiency than normal chemical drug-based chemotherapy in random clinical trials.

The use of combination therapy is trending in the kidney (renal) cancer drugs market. Combination therapy combines the effects of various drugs thereby reducing the likelihood of cancer-resistant cells from developing. The improved understanding of renal cancer causes and effects has led to the discovery of combination therapy.

By Distribution:

Based on the distribution channel, the market is divided into hospitals, pharmacies, & retail pharmacies, and online pharmacies. Currently, the hospital pharmacies segment accounted for the majority of the Renal Cancer treatment market share, owing to the strong presence of hospital pharmacies, increase in the number of hospitalized Renal Cancer patients, and convenience offered by hospital pharmacies. Online pharmacies are the fastest-growing segment during the forecast period, owing to a rise in awareness regarding online pharmacies, an increase in the number of internet users, and a surge in preference for the online purchasing of drugs over the traditional methods.

Major Players

Australia presents rewarding opportunities for the key players operating in the Renal Cancer market, owing to growth in awareness about Renal Cancer treatment and the rise in adoption of Renal Cancer treatment products. Moreover, improvement in healthcare infrastructure, rise in the number of hospitals equipped with advanced medical facilities, developing R&D sector, rise in healthcare reforms, and technological advancements in the field of healthcare further contribute to the market growth. Key players profiled in this report include Roche Diagnostics, Astellas Pharma Inc., AstraZeneca plc, Bayer AG, Bristol-Myers Squibb Company, F. Hoffmann-La Roche AG, Ferring Pharmaceuticals Inc., GlaxoSmithKline Plc, Ipsen Pharma, Johnson & Johnson, and Takeda Pharmaceutical Company Ltd.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Australian Renal Cancer Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Australian Renal Cancer Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Australian Renal Cancer market
Chapter 2: Exclusive Summary - the basic information of the Australian Renal Cancer Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Australian Renal Cancer
Chapter 4: Presenting the Australian Renal Cancer Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Australian Renal Cancer market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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