Market Snapshot:
The bile ducts are a series of thin tubes that go from the liver to the small intestine. Their major job is to move a fluid called bile from the liver and gallbladder into the small intestine, where it helps digest the fats in food. Bile Duct Cancer represents a diverse group of epithelial cancers united by late diagnosis and poor outcomes. Specific diagnostic and therapeutic approaches are undertaken for Bile Duct Cancers of different anatomical locations (intrahepatic, perihilar, and distal). Mixed hepatocellular Bile Duct Cancers have emerged as a distinct subtype of primary liver cancer. Clinicians need to be aware of intrahepatic Bile Duct Cancers arising in cirrhosis and properly assess liver masses in this setting for Bile Duct Cancer. A cancerous tumor is malignant, meaning it can grow and spread to other parts of the body. Bile duct cancer is also called cholangiocarcinoma. Cancers of the biliary system, which is made up of the bile duct, gallbladder, and liver, are relatively rare, especially in the United States.
Highlights from Bile Duct Cancer Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Value (2030) | USD 425.6 Million |
Unit | Value (USD Million) |
CAGR | 7.8% |
The key Players profiled in the report are Pfizer (United States), F. Hoffmann-La Roche (Switzerland), Bristol-Myers Squibb (United States), Teva Pharmaceutical (Israel), Eli Lilly and Company (United States), Sanofi (France), Novartis(Switzerland), Fresenius Kabi (Germany), Mylan (United States) and Merck & Co., Inc. (United States). Additionally, other players that are part of this comprehensive study are Johnson & Johnson (United States), Bayer AG (Germany), Celgene Corp (United States), Bristol-Myers Squibb(United States) and Boston Scientific Corporation. (United States).
Geographic Breakdown and Segment Analysis
The Global Bile Duct Cancer market presents a comprehensive analysis of the Bile Duct Cancer market by product type (Intrahepatic, Perihilar (also called hilar) and Distal), by end-user/application (Hospitals, Clinics and Other), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Bile Duct Cancer industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Bile Duct Cancer market
Analyst at AMA have segmented the market study of Global Bile Duct Cancer market by Type, Application and Region.
Influencing Trend:
Technological advancement and public and private sector funding
Market Growth Drivers:
Rise in the crease in the prevalence of cancer patients across the globe and Prevalence of cancer and the growing demand for combination therapy is expected to increase the demand for chemotherapy for cancer treatment
Challenges:
Risk of failure after the treatment
Restraints:
The lack of effective therapeutics to control the last stages of cancer
Opportunities:
Technological advancement and The growing introduction of new technologically advanced medical products and devices are other factors that contribute to the development of bile cancer globally
Market Developments Activities:
In Mach 2021, QED Therapeutics announced to collaborate with Helsinn Group, a privately owned pharmaceutical group with an extensive portfolio of marketed cancer care.
In April 2020 FDA approves Incyte’s Pemazyre as the first targeted drug for bile duct cancer. Pemazyre, a targeted treatment for Bile Duct Cancer, also known as bile duct cancer, has a specific genetic mutation. The drug was approved for use alongside a companion diagnostic developed by Roche unit Foundation Medicine that can be used to identify this subset of patients. and In April 2020, the U.S. Food and Drug Administration approved the first targeted treatment for patients with cholangiocarcinoma called Pemazyre (pemigatinib).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cancer Provider, Government Regulatory and Research Organizations and End-Use Industry