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Breaking Ground: Kidney Cancer Diagnostics and Therapeutics Market Innovations Charting a New Frontier in Patient Care
Kidney Cancer Diagnostics And Therapeutics Global Market Report 2024
The Business Research Company offers in-depth market insights through Kidney Cancer Diagnostics And Therapeutics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The kidney cancer diagnostics and therapeutics market size has grown strongly in recent years. It will grow from $3.85 billion in 2023 to $4.08 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to research on molecular biology, clinical trials and drug development, surgical innovations, genetic discoveries, healthcare access improvements.
The kidney cancer diagnostics and therapeutics market size is expected to see strong growth in the next few years. It will grow to $5.19 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to biomarker research, genomic sequencing advances, telemedicine and remote consultations, precision medicine advancements, rapid diagnostic technologies. Major trends in the forecast period include palliative care integration, long-term survivorship care, nutrition and lifestyle intervention, expanded role of radiomics, liquid biopsies adoption.
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Market Segmentation:
The kidney cancer diagnostics and therapeutics market covered in this report 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
Major Driver - Rise In Prevalence Of Kidney Cancer Drives Growth In The Diagnostics And Therapeutics Market
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). And in 2020, kidney cancer will have affected 431,288 individuals globally. Therefore, the increasing prevalence of kidney cancer is expected to propel the growth of kidney cancer diagnostics and therapeutics market.
Competitive Landscape:
Major companies operating in the kidney cancer diagnostics and therapeutics market report 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, Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Eisai Co. Ltd., Illumina Inc., PerkinElmer Inc., Ipsen S.A, Bio-Rad Laboratories Inc., QIAGEN NV, Exelixis Inc., Myriad Genetics Inc., Invitae Corporation, Guardant Health Inc., GeneDx LLC, CD Genomics, Genpath Life Sciences Private Limited
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Top Trend - Product Approvals Enhance Growth Prospects In The Kidney Cancer Diagnostics And Therapeutics Market
Product approval is a key trend gaining popularity in the kidney cancer diagnostics and therapeutics market. 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. Additionally, the immunotherapy KEYTRUDA is the first to be authorized for use in the adjuvant treatment of renal cell carcinoma (RCC). This approval is a significant advance in the treatment of this disease. Also, it can help shrink tumors, slow the growth of cancer, and improve quality of life by reducing symptoms such as pain, fatigue, and nausea.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Kidney Cancer Diagnostics And Therapeutics Market Characteristics
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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