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Steady Expansion Forecast for Kidney Cancer Drugs Market, Projected to Reach $10.31 Billion by 2029
Kidney Cancer Drugs Market
Kidney Cancer Drugs Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In the past few years, the kidney cancer drugs market has witnessed a consistent growth. The market size, which is currently valued at $8.22 billion as of 2024, is projected to expand to $8.53 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.8%. The market's growth during the historical period can be attributed to factors such as increased spending on healthcare, fast-paced growth of the elderly population, a rise in pharmaceutical research and development spending, and advancements in the discovery of cancer drugs.
Kidney Cancer Drugs Market Size Forecast: What's the Projected Valuation by 2029?
The market for kidney cancer drugs is anticipated to witness consistent expansion in the coming years, hitting a valuation of "$10.31 billion in 2029 with a compound annual growth rate (CAGR) of 4.8%. Factors like the growing elderly population, escalating health care spending, increasing mergers and collaborations for drug innovation, and the untapped potential of emerging markets underpin the projected growth in the forecast period. Noteworthy trends for the same period encompass the utilization of 3D technology in drug manufacturing and model creation, investment in biomarkers, the introduction or adoption of novel treatment methods, enhancement of treatments through personalized medicine, capitalization on AI solutions, and strategic collaborations with other corporations or government entities to expedite the production of new drugs.
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What Are the Drivers Transforming the Kidney Cancer Drugs Market?
The escalation in kidney cancer occurrence serves as a major propellant for the kidney cancer medication market. Lifestyle changes, tobacco use, and unhealthy eating habits are among the contributing factors to the proliferation of kidney cancer cells. As indicated by the American Cancer Society in January 2022, a health organization based in the US whose objective is to eradicate cancer, there is an anticipation of 79,000 newly diagnosed kidney cancer cases in the year out of which, 50,290 will be men and 28,710 women, with 13,920 individuals succumbing to the illness, including 8,960 men and 4,960 women. The diagnosis tends to mostly happen between the ages of 65 and 74, the average diagnosis occurs at the age of 64. The incidence of kidney cancer is quite rare for individuals under the age of 45. This scenario fuels the expansion of the kidney cancer medication market.
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What Long-Term Trends Will Define the Future of the Kidney Cancer Drugs Market?
Leading businesses in the kidney cancer drugs market are concentrating on advancements like biosimilar development to improve treatment methods, enhance patient affordability, and speed up innovation in cancer care. Biosimilar development involves producing biological medicines that closely resemble an already authorized reference product, guaranteeing similar effectiveness, safety, and quality. For example, in November 2022, Amneal Pharmaceuticals Inc., a pharmaceutical company based in the United States, introduced RELEUKO (filgrastim-ayow). This is a biosimilar to Neupogen (filgrastim), also developed by Amneal Pharmaceuticals, and is formulated to manage neutropenia, especially in chemotherapy patients.
Which Segments in the Kidney Cancer Drugs Market Offer the Most Profit Potential?
The kidney cancer drugs market covered in this report is segmented -
1) By Type: Renal Cell Carcinoma (RCC), Transitional Cell Carcinoma (TCC) Or Urothelial Cell Carcinoma (UCC)
2) By Product: Nexavar (Sorafenib), Sutent (Sunitinib), Afinitor (Everolimus), Votrient (Pazopanib), Avastin (Bevacizumab), Inlyta (Axitinib), Other Products
3) By End Users: Hospitals, Clinics, Research Center, Other End-Users
Subsegments:
1) By Renal Cell Carcinoma (RCC): Targeted Therapies, Immune Checkpoint Inhibitors, Cytokine Therapies
2) By Transitional Cell Carcinoma (TCC) Or Urothelial Cell Carcinoma (UCC): Chemotherapy Agents, Immunotherapy Agents, Antibody-Drug Conjugates (ADCs)
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Which Firms Dominate the Kidney Cancer Drugs Market by Market Share and Revenue in 2025?
Major companies operating in the kidney cancer drugs market include Pfizer Inc., Novartis AG, ExelixisInc., F. Hoffmann-La Roche AG, Bristol Myers Squibb Company, Bayer AG, Merck & Co., Inc., EUSA Pharma Inc., UroGen Pharma Ltd., Natco Pharma, CStone Pharma, CARsgen Therapeutics, JW Therapeutics, BeiGene, Takeda Pharmaceuticals, Astellas Pharma Inc, Otsuka Pharmaceutical Co., Ltd, Daiichi Pharmaceutical and Sankyo, AstraZeneca plc, GlaxoSmithKline plc, Amgen Inc ., Biocon Ltd, Rani Therapeutics, Eli Lilly and Company, Abbvie, Johnson & Johnson, Sanofi, Biogen Inc, AVEO Oncology, Teva Pharmaceutical Industries Ltd., Kitov Pharma Limited, CureTech Ltd., Neopharma
Which Regions Offer the Highest Growth Potential in the Kidney Cancer Drugs Market?
North America was the largest region in the kidney cancer drugs market in 2024. Middle East is expected to be the fastest-growing region in the global kidney cancer drugs market share during the forecast period. The regions covered in the kidney cancer drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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