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Bladder Cancer Drugs Market Size, Latest Trends, Growth Rate, Key Drivers And Forecast To 2033

05-15-2024 09:37 AM CET | Health & Medicine

Press release from: The Business Research Company

Bladder Cancer Drugs Market

Bladder Cancer Drugs Market

The bladder cancer drugs market size has grown rapidly in recent years. It will grow from $3.65 billion in 2023 to $4.23 billion in 2024 at a compound annual growth rate (CAGR) of 15.8%. The growth in the historic period can be attributed to increasing incidence, advancements in drug development, improved diagnostic techniques, aging population, regulatory approvals, patient advocacy and awareness.

The bladder cancer drugs market size is expected to see rapid growth in the next few years. It will grow to $7.28 billion in 2028 at a compound annual growth rate (CAGR) of 14.5%. The growth in the forecast period can be attributed to ongoing research and development, emerging markets, healthcare infrastructure development, strategic alliances and collaborations. Major trends in the forecast period include precision medicine, immunotherapy and targeted therapies, personalized medicine, clinical trials and drug pipeline, combination therapies, biomarker-driven treatments, telemedicine and remote monitoring, patient-centric care.

Market Overview -
The bladder cancer drugs market consists of sales of bladder cancer drugs. Bladder cancer is cancerous tissue that occurs on the lining of the bladder. These cancerous tissues are also called tumors, and they have the potential to spread to other nearby cells and tissues if not treated soon. The bladder cancer market consists of treatments for bladder cancer types such as urothelial carcinoma, squamous cell bladder cancer, adenocarcinoma, and others.

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Growing Demand For Bladder Cancer Drugs
The number of bladder cancer cases has been on the rise. Factors such as unhygienic workplace exposures, an increase in smoking habits, and consuming water that contains Arsenic increase the chances of blood cancer. According to the American Cancer Society, there were an estimated 82,290 new cases of bladder cancer in the United States in 2023, with about 62,420 cases in men and 19,870 cases in women. This increased incidence of bladder cancer increases the demand for bladder cancer drugs, contributing to the growth of the bladder cancer drugs market.

Competitive Landscape -
Major companies operating in the bladder cancer drugs market include Eli Lilly and Company, Bristol-Myers Squibb Company, Pfizer Inc., Celgene Corporation (a subsidiary of Bristol-Myers Squibb Company), AstraZeneca PLC, GlaxoSmithKline plc, Sanofi S.A., F. Hoffmann-La Roche Ltd., Novartis International AG, Johnson & Johnson, Merck & Co. Inc., Vault Pharma Inc., Vyriad Inc., Boehringer Ingelheim International GmbH, Bayer AG, Asieris Pharmaceuticals Co. Ltd., Asana BioSciences LLC, Array BioPharma Inc., Archivel Farma S.L., AndroScience Corporation, Amgen Inc., Altor Bioscience Corporation, Alligator Bioscience AB, Adaptimmune Therapeutics plc, UroGen Pharma Ltd., Seagen Inc., Incyte Corporation, Mayo Foundation for Medical Education and Research, AbbVie Inc., Eisai Co. Ltd., Ipsen S.A., Janssen Pharmaceutica NV, Kyowa Kirin Co. Ltd., Menarini Group, Ono Pharmaceutical Co. Ltd., Pierre Fabre S.A., Taiho Pharmaceutical Co. Ltd.

Advancements In Bladder Cancer Treatment
Major organizations are investing in the research to utilize nano-technology as a means to deliver drugs into the human body. Nanotechnology is the design, characterization, production, and application of devices, structures, and systems by controlled manipulation of size and shape at the nanometer scale. This method of delivery helps doctors to offer a simple and effective way of treating bladder cancer in their patients because the nanoparticles used in the treatment can attack the cancerous cells directly without harming the surrounding cells. For instance, the Center for Drug Research And Development in Canada pledged a $1.2 million investment in Sitka biopharma to help with development activities for clinical trials of STK-01, a product to treat bladder cancer using nanotechnology.

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Key Segments -

The bladder cancer drugs market covered in this report is segmented -

1) By Type: Non-Muscle-Invasive Bladder Cancer, Muscle-Invasive Bladder Cancer
2) By Application: Low-Grade Tumors, High-Grade Tumors
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Other Distribution Channels

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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