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Esophageal Cancer Market Sees Skyrocketing Growth with New Drug Approvals || Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc
Esophageal Cancer Market
The Business Research Company's Esophageal Cancer Global Market Report 2023 identifies an increase in esophageal cancer is the major driver for the esophageal cancer market's growth in the forecast period. Esophageal cancer is a malignancy that affects the esophagus, the tube-like structure connecting the throat to the stomach. As the incidence of esophageal cancer increases, there will be a higher demand for diagnostic procedures, such as endoscopy, imaging tests, and biopsies, to detect and confirm the presence of the disease. For instance, in February 2023, according to the National Library of Medicine, a US-based medical library operated by the American government, the incidence rate of esophageal adenocarcinoma among individuals aged 40-65 is projected to rise from 2.12 per 100,000 persons in 2021 to 3.86 per 100,000 persons in 2040.
The global esophageal cancer market is expected to grow from $1.13 billion in 2022 to $1.25 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The esophageal cancer market is expected to reach $1.77 billion in 2027 at a CAGR of 9.10%.
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Major competitors in the esophageal cancer market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc, AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A, Bristol-Myers Squibb Company, AstraZeneca PLC, GlaxoSmithKline Plc..
A key trend in the esophageal cancer market includes new drug approval.Major companies operating in the esophageal cancer market are focused on obtaining new drug approvals to strengthen their position and gain a competitive advantage. For instance, in May 2022, Bristol Myers Squibb, a US-based pharmaceutical company, received U.S. Food and Drug Administration (FDA) approval for its two products, including Opdivo (nivolumab) (injection for intravenous use) and Opdivo plus Yervoy (ipilimumab).
Read More On The Global Esophageal Cancer Market Report Here: https://www.thebusinessresearchcompany.com/report/esophageal-cancer-global-market-report
The esophageal cancer market is segmented -
1) By Type: Esophageal Squamous-Cell Carcinoma, Esophageal Adenocarcinoma, Other Types
2) By Treatment Type: Chemotherapy, Targeted Therapy, Other Treatment Types
3) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration
4) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
5) By End Users: Hospitals, Homecare, Specialty Centers, Other End Users
6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the esophageal cancer market.
The Business Research Company's "Global Esophageal Cancer Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Esophageal Cancer Market Include:
1. Executive Summary
2. Esophageal Cancer Market Characteristic
3. Esophageal Cancer Market Trends And Strategies
4. Esophageal Cancer Market - Macro Economic Scenario
5. Esophageal Cancer Market Size And Growth
……………
27. Esophageal Cancer Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Esophageal Cancer Market
29. Esophageal Cancer Market Future Outlook And Potential Analysis
30. Appendix
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