Press release
Technological Advancements In AI For Enhanced Cancer Diagnosis And Treatment Trend: A Crucial Influence on the Renal Cell Carcinoma Market's Transformation in 2025
Renal Cell Carcinoma
The increase in the population of older adults is anticipated to fuel the growth of the renal cell carcinoma market in the future. The older adult population, typically aged 65 and over, may have specific health care and societal needs. This growing population is fueled by advancements in healthcare, better nutrition, and extended longevity. The incidence of renal cell carcinoma (RCC) is on the rise among older adults, underscoring the need for customised screening and treatment approaches. For example, a report published by the Population Reference Bureau, a US-based non-profit organization tasked with gathering statistical data for research and academic purposes, projected in January 2024 that the number of Americans aged 65 and above will climb from 58 million in 2022 up to 82 million by 2050, a surge of 47%. Hence, the escalating older adult population is stimulating the expansion of the renal cell carcinoma marketplace.
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What Is the projected market size and growth rate for the renal cell carcinoma market?
In recent years, the renal cell carcinoma market size witnessed robust growth. Projections show that it will expand from a value of $0.69 billion in 2024 to $0.74 billion in 2025 with a compound annual growth rate (CAGR) of 7.0%. The significant growth seen in the past can be traced back to an increase in kidney cancer cases, a rising older adult population, and the growing use of targeted therapies. Additionally, greater awareness of cancer screenings, enhancements in healthcare infrastructure, and increased funding for oncology research and development have also contributed to this growth.
The market size for renal cell carcinoma is projected to witness robust expansion in the coming years, with growth expected to reach $0.95 billion by 2029, at a compound annual growth rate (CAGR) of 6.6%. The anticipated growth during the forecast period can be credited to an increasing embracement of personalized medicine, heightened consciousness about early cancer detection, greater investments in oncology healthcare, improved healthcare access, and widened clinical trials and research into novel treatment methods. Notable trends in the forecast period consist of incorporating AI for accurate diagnostics, creation of targeted therapies, breakthroughs in immunotherapy, progress in biomarker identification, uptake of minimally invasive surgical methods and advancements in imaging technologies.
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What new trends are reshaping the renal cell carcinoma market and its opportunities?
Leading corporations in the renal cell carcinoma market are focusing on the development of highly sophisticated products, such as solutions powered by artificial intelligence (AI) specially designed for kidney biopsy analysis in a bid to increase diagnostic precision, streamline processes, and enhance patient outcomes. The technology-aided tool powered by AI for kidney biopsy analysis uses machine learning algorithms and computer vision to aid pathologists and nephrologists in evaluating kidney tissue samples. The aim is to improve accuracy, effectiveness, and consistency in kidney disease diagnoses and kidney health assessments. For instance, in March 2024, Aiosyn, a software company based in the Netherlands, unveiled the NephroPath platform, an innovative AI-assisted solution for kidney biopsy analysis. The NephroPath platform employs computational pathology algorithms to analyze histological indicators in kidney biopsies, including tissue type identification, interstitial fibrosis measurement, and precise counting and assessment of glomeruli. This AI-guided analysis ensures reliable, comprehensive, and repeatable scoring of renal pathology indicators, addressing the limitations of conventional scoring techniques and observer bias.
What major market segments define the scope and growth 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.
Which key market leaders are driving the renal cell carcinoma industry growth?
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
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What Is Covered In The Renal Cell Carcinoma Global Market Report?
•Market Size Forecast: Examine the renal cell carcinoma market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the renal cell carcinoma market for a structured understanding.
•Key Players Overview: Analyze major players in the renal cell carcinoma market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the renal cell carcinoma market.
•Segment Contributions: Evaluate how different segments drive overall growth in the renal cell carcinoma market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the renal cell carcinoma market.
•Industry Challenges: Identify potential risks and obstacles affecting the renal cell carcinoma market.
•Competitive Landscape: Review strategic developments in the renal cell carcinoma market, including expansions, agreements, and new product launches.
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