Press release
Global Renal Cell Carcinoma Market to Reach $0.95 Billion by 2029, Growing at 7% CAGR
Renal Cell Carcinoma Market Size
In recent times, there has been substantial growth in the renal cell carcinoma market. The market is projected to rise from $0.69 billion in 2024 to $0.74 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The previous escalation can be linked to various factors such as an increase in kidney cancer cases, a rise in the elderly population, the expansion of targeted therapies, elevated consciousness about cancer screening, enhancements in healthcare infrastructure, and greater investments in cancer research and development.
The market size of renal cell carcinoma is projected to experience significant expansion in the coming years, escalating to $0.95 billion by 2029 with a compound annual growth rate (CAGR) of 6.6%. Factors contributing to this projected growth during the forecast period include an increase in the uptake of personalized medicine, a continuous rise in early cancer detection awareness, heightened healthcare investments in oncology, enhanced healthcare accessibility, and growth in clinical trials and research into new therapies. Noteworthy trends during the forecast period encompass the utilisation of AI for precision diagnosis, the crafting of targeted therapies, breakthroughs in immunotherapy, progress in biomarker recognition, adoption of less invasive surgical methods, and advancements in imaging tech.
What Factors Are Fueling Growth in the Renal Cell Carcinoma Market?
The growth of the renal cell carcinoma market is anticipated to be fueled by the increasing geriatric population. This group, typically 65 years and older, typically have specific health and social requirements. The fact that the elderly population is on the rise can be attributed to advancements in healthcare, improved nutrition, and extended life expectancy. The high prevalence of renal cell carcinoma (RCC) in the elderly points towards the growing need for customised screening and treatment strategies for this demographic. For example, a report from the Population Reference Bureau, a non-profit organization based in the United States in charge of gathering data for study and research purposes, stated in January 2024 that the number of American citizens aged 65 and above is projected to increase from 58 million in 2022 to 82 million by 2050, a rise of 47%. Thus, the expansion of the geriatric population is propelling the growth of the renal cell carcinoma market.
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Which Leading Companies Are Shaping the Growth of the Renal Cell Carcinoma Market?
Major companies operating in the renal cell carcinoma market are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Bayer AG, Bristol Myers Squibb Company, AstraZeneca Plc, Abbott Laboratories, Novartis AG, Fresenius Kabi AG, GSK plc, Takeda Pharmaceutical Company Limited, Amgen Inc., Viatris Inc. (Mylan N.V.), Astellas Pharma Inc., Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Ipsen Pharma, Cipla Inc., Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC, Exelixis Inc., Nektar Therapeutics
How Is the Renal Cell Carcinoma Market Evolving?
Renal cell carcinoma market leaders are pivoting towards the development of innovative technologies like AI-enhanced solutions that analyze kidney biopsies. The aim is to augment diagnostic precision, process efficiency, and patient results. AI-backed solutions for kidney biopsy analysis are technologically advanced tools, leveraging machine learning and computer vision to support pathologists and nephrologists in evaluating kidney tissue samples. Their goal is to improve diagnostic precision, consistency, and efficiency for kidney conditions and analysis of kidney health. For example, NephroPath, a progressive AI-backed solution built to analyze kidney biopsies, was introduced by Aiosyn, a software company based in the Netherlands, in March 2024. The NephroPath platform uses computational pathology algorithms to study histological biomarkers in kidney biopsies - recognizing tissue sorts, measuring interstitial fibrosis, and accurately counting and evaluating glomeruli. This AI-based analysis provides consistent, comprehensive, and replicable scoring of renal pathology biomarkers, overcoming the limitations of conventional scoring techniques and subjective observer analysis.
What Are the Key Segments of the Renal Cell Carcinoma Market?
The renal cell carcinoma market covered in this report is segmented -
1) By Type: Clear Cell Renal Cell Carcinoma (RCC), Papillary Renal Cell Carcinoma (RCC), Chromophobe Renal Cell Carcinoma (RCC)
2) By Diagnosis: Urine Tests, Computed Tomography (CT) Scan, Nephrectomy, Blood Tests, Ultrasound, Biopsy
3) By Treatment: Medication, Ablation, Targeted Therapy, Chemotherapy, Surgery, Other Treatments
4) By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users
Subsegments:
1) By Clear Cell Renal Cell Carcinoma (RCC): Sporadic Clear Cell RCC, Hereditary Clear Cell RCC
2) By Papillary Renal Cell Carcinoma (RCC): Type 1 Papillary RCC, Type 2 Papillary RCC
3) By Chromophobe Renal Cell Carcinoma (RCC): Classic Chromophobe RCC, Hybrid Chromophobe RCC
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Which Region Dominates the Renal Cell Carcinoma Market?
North America was the largest region in the renal cell carcinoma market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the renal cell carcinoma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Renal Cell Carcinoma Global Market Report?
- Market Size Analysis: Analyze the renal cell carcinoma Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the renal cell carcinoma Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall renal cell carcinoma market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the renal cell carcinoma market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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