Press release
Biliary Tract Cancer Market Anticipated To Witness Robust Growth, Surpassing 0.95 Billion By 2029
Biliary Tract Cancer Market Size
What Is the Current Biliary Tract Cancer Market Size and Its Estimated Growth Rate?
In the past few years, there has been a robust growth in the biliary tract cancer market. It is projected to rise from $0.67 billion in 2024 to $0.72 billion in 2025, with an annual growth rate of 7.5%. The ascending trend during the historical period can be credited to the surge in biliary tract cancer cases, the rising call for effective treatments, the increase in contributing risk factors such as obesity, an older population, and an upswing in research and development expenditures.
In the coming years, strong growth is anticipated in the biliary tract cancer market, with its size projected to reach $0.95 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.3%. This growing momentum in the forecast period can be linked to various factors such as lifestyle modifications, increased awareness, initiatives for early detection, advantageous reimbursement plans, and expanding governmental policies. Major trends to be observed throughout this forecast period include progress in diagnostic and treatment technology, the integration more immunotherapy, surging demand for precision medicine, changes in treatment methodologies, and advancements in biomarker-oriented therapies.
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How Are Emerging Segments Shaping the Biliary Tract Cancer Market Landscape?
The biliary tract cancer market covered in this report is segmented -
1) By Cancer Type: Intrahepatic Bile Duct Cancer, Extrahepatic Bile Duct Cancer, Gallbladder Cancer
2) By Treatment: Chemotherapy, Targeted Therapy, Immunotherapy
3) By End-User: Hospitals, Specialty Cancer Centres, Ambulatory Surgical Centres, Other End-Users
Subsegments:
1) By Intrahepatic Bile Duct Cancer: Peripheral Intrahepatic Bile Duct Cancer, Hilar Intrahepatic Bile Duct Cancer
2) By Extrahepatic Bile Duct Cancer: Perihilar Bile Duct Cancer, Distal Bile Duct Cancer
3) By Gallbladder Cancer: Localized Gallbladder Cancer, Advanced Gallbladder Cancer
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Which Growth Factors Are Influencing Biliary Tract Cancer Market Expansion?
The biliary tract cancer market is anticipated to grow because of the rising epidemic of obesity. Obesity is a long-term health issue characterized by excessive body fat accumulation that negatively impacts overall health. The increase in obesity is attributed to causes such as sedentary lifestyle, mental health issues, age, genetics, and biology. Obesity results in chronic inflammation, resistance to insulin, and overproduction of bile acids, all of which can induce DNA damage and promote tumor growth. Additionally, it interferes with metabolic processes and hormone balance, creating a conducive environment for cancer development in the biliary tract. For example, the Centers for Disease Control and Prevention, a US governmental agency, reported in September 2023 that there was an increase in states with an obesity rate of 35% or higher among adults in 2022. The number of such states rose to 22 from 19 in the previous year. Hence, the rising incidence of obesity is a significant driver propelling the biliary tract cancer market forward.
Who Are the Dominant Players Across Different Biliary Tract Cancer Market Segments?
Major companies operating in the biliary tract cancer market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Bayer AG, Bristol-Myers Squibb Company, AstraZeneca Plc, Eli Lily and Company, Boehringer Ingelheim International GmbH, Eisai Co. Ltd., Servier Pharmaceuticals, Jazz Pharmaceuticals plc, Incyte Corporation, BeiGene LTD., Zymeworks, Basilea Pharmaceutica Ltd., Taiho Oncology Inc., RenovoRx Inc., TransThera Sciences Inc., QED Therapeutics Inc., Helsinn Group
What Trends Are Driving Growth in The Biliary Tract Cancer Market?
Prominent players in the biliary tract cancer market are striving to create novel combination treatments to amplify effectiveness and enhance patient prognosis. Combination therapy entails the concurrent use of two or more drugs or treatment methods to combat a single illness. An example of this effort was the approval granted to Merck & Co. Inc., a pharmaceutical firm based in the United States, by the U.S. Food and Drug Administration (FDA) in November 2023 for their drug KEYTRUDA (pembrolizumab), used in conjunction with gemcitabine and cisplatin, for patients suffering from locally advanced, inoperable, or metastatic biliary tract cancer (BTC). The rationale behind this approval was the outcome from the Phase 3 KEYNOTE-966 study, which showed a statistically considerable increase in overall survival, reducing death risk by 17% as compared to stand-alone chemotherapy. The average survival duration for patients undergoing combination therapy was noted as 12.7 months, in contrast to 10.9 months for those subjected exclusively to chemotherapy. This signifies a noteworthy progression in the treatment alternatives for this difficult cancer category.
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Which Geographic Regions Are Expected to Dominate the Biliary Tract Cancer Market in the Coming Years?
North America was the largest region in the biliary tract cancer market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biliary tract cancer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Biliary Tract Cancer Market?
2. What is the CAGR expected in the Biliary Tract Cancer Market?
3. What Are the Key Innovations Transforming the Biliary Tract Cancer Industry?
4. Which Region Is Leading the Biliary Tract Cancer Market?
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