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North America Dominates Kidney Cancer Diagnostics and Therapeutics Market Regionally || Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Bayer AG
Kidney Cancer Diagnostics And Therapeutics Market
The Business Research Company's Kidney Cancer Diagnostics And Therapeutics Global Market Report 2023 identifies the increasing prevalence of kidney cancer is expected to drive the growth of kidney cancer diagnostics and therapeutics market. Kidney cancer refers to a condition that originates when the normal cells in one or both kidneys undergo abnormal changes and exhibit uncontrolled growth, resulting in the formation of a mass known as a renal cortical tumor. Diagnostics and therapeutics for kidney cancer play a crucial role in the management and treatment of the disease, offering several benefits for patients. offer several benefits in the management of kidney cancer, such as early detection, accurate diagnosis, treatment selection, personalized medicine, and treatment monitoring. For instance, in March 2023, according to the American Society of Clinical Oncology (ASCO), a US-based non-profit organization working for cancer care, in the United States, kidney cancer will be discovered in 81,800 individuals in 2023 (52,360 males and 29,440 women).
The global kidney cancer diagnostics and therapeutics market size is expected to grow from $3.65 billion in 2022 to $3.85 billion in 2023 at a compound annual growth rate (CAGR) of 5.46%. 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, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of kidney cancer diagnostics and therapeutics market are expected to reach $4.83 billion in 2027 at a CAGR of 5.83%.
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Major competitors in the kidney cancer diagnostics and therapeutics market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Bayer AG, Novartis AG, Sanofi S.A, Bristol-Myers Squibb Pharmaceuticals Limited, Thermo Fisher Scientific Inc., AstraZeneca PLC, Abbott Laboratories, Takeda Pharmaceutical Company Limited, Eli Lilly and Co Ltd., Amgen Inc., Siemens Healthcare GmbH, Laboratory Corporation of America Holdings.
A key trend in the kidney cancer diagnostics and therapeutics market includes product approval. Major companies operating in the kidney cancer diagnostics and therapeutics market are focused on developing innovative products to strengthen their position in the market. For instance, in July 2021, Merck & Co., Inc., a US-based pharmaceutical company, received Health Canada's approval for KEYTRUDA (pembrolizumab) to treat patients with intermediate-high or substantial risk of recurrence of renal cell carcinoma (RCC) following nephrectomy. KEYTRUDA is a humanized monoclonal antibody that works by blocking the programmed death ligand 1 (PD-L1) protein on tumor cells, which helps keep the immune system from attacking the cancer.
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The kidney cancer diagnostics and therapeutics market is segmented -
1) By Cancer Type: Clear Cell RCC, Papillary RCC, Chromophobe RCC, Urothelial Carcinoma And Transitional Cell Carcinoma, Other Cancer Types
2) By Component: Drugs, Diagnostics
3) By Diagnostics: Biopsy, CT Scan, Nephro-ureteroscopy, Intravenous Pyelogram, Ultrasound
4) By Therapy: Targeted Therapy, Immunotherapy, Chemotherapy
5) By End-Users: Hospitals, Pharmaceutical Labs, Genomics Laboratories
6) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Kidney Cancer Diagnostics And Therapeutics market.
The Business Research Company's "Global Kidney Cancer Diagnostics And Therapeutics 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 Kidney Cancer Diagnostics And Therapeutics Market Include:
1. Executive Summary
2. Kidney Cancer Diagnostics And Therapeutics Market Characteristic
3. Kidney Cancer Diagnostics And Therapeutics Market Trends And Strategies
4. Kidney Cancer Diagnostics And Therapeutics Market - Macro Economic Scenario
5. Kidney Cancer Diagnostics And Therapeutics Market Size And Growth
……………
27. Kidney Cancer Diagnostics And Therapeutics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Kidney Cancer Diagnostics And Therapeutics Market
29. Kidney Cancer Diagnostics And Therapeutics Market Future Outlook And Potential Analysis
30. Appendix
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