Bile Duct Cancer Market- Growth Opportunities by Manufacturers, Regions, Type, Application and Trends Forecast
Bile Duct Cancer Industry – Overview
Intensifying
number of bile duct cancer cases being diagnosed globally have fortified the
need for cutting-edge solutions in terms of procedure and medicines to treat
the condition. Market reports associated with the healthcare sector made
accessible by Market Research Future along with published reports on other
sectors have been lately put out along with a report on this industry. The
market is anticipated to develop at an increasing CAGR of 9.2 percent in the
forecast period.
The
mounting level of spending being devoted to research for the treatment of bile
duct cancer is positively contributing to increasing the market share globally.
This has allowed the development of pioneering procedures to treat this form of
cancer apart from the traditional solution involving chemotherapy.
Additionally, factors such as growing healthcare expenses and mounting
awareness for the disease are projected to boost the progress of the market in
the forecast period.
Segmental
Analysis
The
market for bile duct cancer is segmented on the basis of treatment, types,
diagnosis, and end users.
By
diagnosis, the market is segmented into abdominal imaging, blood tests,
surgery, and others. The segment of abdominal imaging is sub-segmented into
percutaneous transhepatic cholangiography (PTC), magnetic resonance
cholangiopancreatography (MRCP), endoscopic retrograde cholangiopancreatography
(ERCP), and others.
By end
users, the market is segmented into academic institutes, hospital &
clinics, research organizations and others.
By
types, the market is segmented into extrahepatic, intrahepatic, and others.
By
treatment, the market is segmented into radiotherapy, chemotherapy, and others.
The chemotherapy segment is sub-segmented into gemcitabine, cisplatin,
5-fluorouracil, and others.
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Detailed
Regional Analysis
The
Americas region leads the bile duct cancer market globally due to a
well-developed healthcare sector. The growing number of patients, growing
healthcare spending has improved the growth of the market in the Americas. The
European region is the next principal market, which is trailed by the Asia
Pacific region. The accessibility of funds for research, enormous patient
population and government backing for development and research motivates the
European market. The Asia Pacific region is the fastest rising region for the
market owing to the continuously developing economies like India and China, and
occurrence of good opportunities in the market. On the other hand, the MEA
region has the smallest share in the market owing to the presence of poor
economy particularly in the Africa region. However, a majority of the market in
this region is held by the Middle East owing to a well-developed healthcare
sector and increasing healthcare spending.
Competitive
Analysis
The
important success factors in the market are easily attained in the market
leading to an elevated pace of progress in the forecast period. The extended
feasibility of the market is exceedingly dependent on the techniques and the
strategic roadmaps that are engaged by market players. The enhanced level of
importance on the variation of products is growing the number of customers in
the market considerably. The innovation in products and services of the markets
will modify the progression of the market noticeably. The market appeal and
competitors’ tendencies are prominently improved by the strategies that are
being exploited by market players. The market is meaningfully impacted by the
developments that are happening in the market. The effective
incorporation of supply chain management is progressively enhancing the
expansion of the market.
The
established contenders in the market are Fresenius Kabi AG (Europe), F.
Hoffmann-La Roche Ltd (Europe), Bristol-Myers Squibb Company (U.S.), Teva
Pharmaceutical Industries Ltd. (Middle East), Pfizer Inc. (U.S.), Sanofi
(Europe), Eli Lilly and Company. (U.S.), Mylan N.V. (U.S.), and others.
Industry
Updates:
Jun
2018 Researchers at Northwestern University have 3D printed a mini-tissue that
mimics a bile duct. As the cancer of the bile duct entails that the disease is
diagnosed early on enough for the afflicted part of the bile duct to be
removed, this solution offers a favorable alternative.
April
2018 PCI Biotech which is a Norwegian drug maker has seen hopeful results from
its bile duct cancer study before the start of a key second phase. By making
the fimaCHEM platform which combines light-based, photochemical technology with
its fimaporfin drug, PCI intends to treat patients who have inoperable tumors.
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