Press release
Adrenocortical Carcinoma Market Poised for 4.4% Growth, Set to Hit $3.09 Billion by 2029
Adrenocortical Carcinoma Market Share
The adrenocortical carcinoma market is predicted to expand due to the rising prevalence of rare cancers. These uncommon diseases, characterized by low incidence rates and substantial impact on patient results, necessitate specialized diagnostic and therapeutic measures. Various factors fuel the escalating prevalence of rare cancers, including advances in diagnostic techniques that improved the detection of adrenocortical carcinoma, allowing early identification of cases that may have previously slipped under the radar. Regarded as a relatively rare yet aggressive form of cancer, adrenocortical carcinoma (ACC) adds to the mounting prevalence rates of rare cancers by stressing the importance of better diagnostic and therapeutic methodologies. For example, a report in February 2022 by the World Health Organization's International Agency for Research on Cancer, a Swiss-based intergovernmental organization, found that almost six new rare cancers are detected per 100,000 individuals in the US annually. Consequently, the rising prevalence rates of rare cancer are set to spur the adrenocortical carcinoma market's growth.
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What is the future CAGR of the adrenocortical carcinoma market, and how will it impact industry expansion?
The market size for adrenocortical carcinoma has seen consistent growth in recent times. An expansion is on the cards from $3.60 billion in 2024 to $3.77 billion by 2025, constituting a compound annual growth rate (CAGR) of 4.8%. This observed growth during the historical timeline can be attributed to factors such as a surge in adrenocortical carcinoma cases, heightened awareness about rare endocrine tumors, rise in government and research funding, an increase in patient support and advocacy groups, alongside an escalating prevalence of rare cancers.
It is projected that the adrenocortical carcinoma market will witness a stable surge in the subsequent years. The market size is predicted to rise to $4.47 billion by 2029, growing at a compound annual growth rate (CAGR) of 4.4%. Factors contributing to this progression during the forecasted period include the growing inclination towards combination treatments, increasing application of personalized medicine techniques, the expansion of clinical trials, enhanced participation in global research networks, and augmented government and research funding. Key trends that will be evident in the forecast period include progression in genomic sequencing and personalized medicine, innovations in targeted therapy, evolution of immunotherapy, advancements in liquid biopsy technology, and breakthroughs in biometric identification.
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What are the most significant trends transforming the adrenocortical carcinoma market today?
Leading businesses in the adrenocortical carcinoma market are focusing their efforts on the creation of innovative therapies such as small-molecule drugs designed to target specific tumor pathways and enhance patient outcomes. Small-molecule drugs are low molecular weight compounds that infiltrate cells to target proteins or enzymes, which regulate biological procedures and manage diseases like adrenocortical carcinoma by obstructing tumor growth pathways. For example, Orphagen Pharmaceuticals, Inc., a US-based pharmaceutical firm, received Rare Pediatric Disease Designation (RPDD) for its experimental drug OR-449 in January 2023 from the U.S. Food and Drug Administration (FDA). The drug is intended to treat pediatric adrenocortical carcinoma (ACC), a rare and aggressive cancer that primarily affects children and often manifests with symptoms associated with hormone overproduction, such as virilization and Cushing syndrome. Predicting the disease includes imaging and hormonal evaluations, with the prognosis being affected by factors like the age of diagnosis and the possibility of tumor resection.
Which key market segments comprise the adrenocortical carcinoma market and drive its revenue growth?
The adrenocortical carcinoma market covered in this report is segmented -
1) By Type: Localized Adrenocortical Carcinoma, Metastatic Adrenocortical Carcinoma
2) By Therapy: Surgery, Laparoscopic Surgery, Open Surgery, Chemotherapy, Targeted Therapy, Radiation Therapy, External Beam Radiation Therapy, Bratchytherapy, Adjuvant Therapy, Other Therapy
3) By End User: Hospitals And Clinics, Ambulatory Surgical Centers, Cancer Research Institutes
Subsegments:
1) By Localized Adrenocortical Carcinoma: Early-Stage Localized Adrenocortical Carcinoma, Advanced Localized Adrenocortical Carcinoma
2) By Metastatic Adrenocortical Carcinoma: Metastasis To Distant Organs, Local Regional Metastasis
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What regions are at the forefront of adrenocortical carcinoma market expansion?
North America was the largest region in the adrenocortical carcinoma market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the adrenocortical carcinoma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the adrenocortical carcinoma market?
Major companies operating in the adrenocortical carcinoma market are Roche Holding AG, Merck & Co. Inc., Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca PLC, Medtronic plc, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Sun Pharmaceutical Industries Ltd., Ipsen S.A., Ferring Pharmaceuticals Inc., Exelixis Inc., Alnylam Pharmaceuticals Inc., Mylan N.V., HRA Pharma S.A., Servier Laboratories, Tempest Therapeutics Inc., Orphagen Pharmaceuticals Inc., Millendo Therapeutics Inc.
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What Is Covered In The Adrenocortical Carcinoma Global Market Report?
•Market Size Forecast: Examine the adrenocortical carcinoma market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the adrenocortical carcinoma market for a structured understanding.
•Key Players Overview: Analyze major players in the adrenocortical carcinoma market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the adrenocortical carcinoma market.
•Segment Contributions: Evaluate how different segments drive overall growth in the adrenocortical carcinoma market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the adrenocortical carcinoma market.
•Industry Challenges: Identify potential risks and obstacles affecting the adrenocortical carcinoma market.
•Competitive Landscape: Review strategic developments in the adrenocortical carcinoma market, including expansions, agreements, and new product launches.
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