Biliary Tumor Market Scope
A biliary tumour, also known as bile duct cancer, is a kind of cancer that develops in the bile duct system. The system connects the liver, gallbladder, and small intestine, assisting in the movement of bile, a fluid that aids in the digestion of lipids. Biliary tumours are relatively rare, accounting for just around 2% of all cancers. Hepatocellular carcinoma and cholangiocarcinoma are the two forms of biliary tumours. Hepatocellular carcinoma is a type of cancer that arises in the liver and is more prevalent than other cancers. Cholangiocarcinoma is a tumour of the liver's biliary duct that is divided into intrahepatic biliary duct tumour and extrahepatic biliary duct tumour depending on where the tumour occurs. Primary sclerosing cholangitis (PSC), an inflammatory disorder of the intrahepatic or extrahepatic bile ducts, is the most common cause of cholangiocarcinoma. Biliary tract cancer comprises <1% of all human cancers and ∼10%–15% of all primary liver cancers.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc. (United States), Teva Pharmaceutical Industries Ltd (Israel), Bristol-Myers Squibb Company (United States), Novartis AG (Switzerland), Eli Lilly and Company (United States), Mylan N.V. (United States), Fresenius Kabi AG (Germany), Intercept Pharmaceuticals (United States), Kyowa Kirin Co., Ltd. (Japan) and Johnson & Johnson Services, Inc. (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Biliary Tumor market throughout the predicted period.
F. Hoffmann-La Roche Ltd (Switzerland), Pfizer Inc. (United States), Teva Pharmaceutical Industries Ltd (Israel), Bristol-Myers Squibb Company (United States), Novartis AG (Switzerland), Eli Lilly and Company (United States), Mylan N.V. (United States), Fresenius Kabi AG (Germany), Intercept Pharmaceuticals (United States), Kyowa Kirin Co., Ltd. (Japan) and Johnson & Johnson Services, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Delcath Systems, Inc. (United States) and Accord Healthcare (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Biliary Tumor market by Type , by Application (Hospitals, Clinics and Other) and Region with country level break-up.
On the basis of geography, the market of Biliary Tumor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In September 2023, Boehringer Ingelheim acquired Alopexx Therapeutics, Inc., a biotech company developing targeted therapies for rare cancers, including intrahepatic cholangiocarcinoma (iCCA), a type of biliary tumor. This acquisition strengthens Boehringer Ingelheim's oncology portfolio and provides access to Alopexx's promising iCCA drug candidate.
In October 2023, AstraZeneca announced the launch of Imfinzi® (durvalumab) in combination with chemotherapy for unresectable biliary tract cancer (BTC). This approval provides a new treatment option for patients with advanced BTC, potentially improving survival outcomes.
Influencing Trend:
Increasing Incidencesof ,Diabetes, High Alcohol Consumption and Long Term Infection with Hepatitis B or Hepatitis C Virus
Market Growth Drivers:
Increasing Incidences of Gall Stones and Increasing Incidences of Bile Duct Stones in Obese Patient
Challenges:
Lack of Awareness in Some Countries
Restraints:
High Cost of Treatment
Opportunities:
Growing Research and Development Activities and Increased Investment in Drug Development
Key Target Audience
Service Providers, Healthcare Industry, Pharmaceutical Industry, Regulatory Bodies and Others