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HEALTHCARE & PHARMACEUTICAL

Advanced Renal Cell Carcinoma Treatment Market Segmentation by Therapy Type (Radiation Therapy, Chemotherapy, Hormone Therapy, Vaccine Therapy, Stem Cell Transplant, and Others); and by End-User (Hospitals, Cancer Research Institutes, Ambulatory Surgical Centers, and Others) – Global Demand Analysis & Opportunity Outlook 2031

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IN THE NEWS

  • January 05, 2022: NiKang Therapeutics and AVEO Oncology to collectively perform the clinical trial of the combination of NKT2152, a HIF2α inhibitor, and FOTIVDA for the treatment of advanced clear cell renal cell carcinoma.

  • November 22, 2021: Merck & Co. announced that it has completed the acquisition of Acceleron Pharma Inc., to explore the opportunities in medical research.

Global Advanced Renal Cell Carcinoma Treatment Market Highlights over 2022 – 2031

The global advanced renal cell carcinoma treatment market is estimated to grow at a notable CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the rising prevalence of kidney cancer amongst the population across the globe. Family history of renal cancer is the biggest cause of cancer, along with high blood pressure, smoking, and acquired gene mutations. Although renal cell carcinoma is a rare disorder, its complex diagnosis makes this disease difficult to treat. According to the data by the World Health Organization, nearly 10 million deaths were caused by cancer in 2020. Moreover, the increasing awareness amongst the people regarding early diagnosis and treatment of cancer, is estimated to boost the market growth. In addition to this, the rising healthcare expenditure is bound to encourage the market growth over the forecast period. As per the statistics by the World Bank, 9.856% of the global GDP was spent on healthcare in 2018.   

Advanced Renal Cell Carcinoma Treatment Market

The market is segmented by end-user into hospitals, cancer research institutes, ambulatory surgical centers, and others, out of which, the hospital segment is anticipated to hold the notable share in the global advanced renal cell carcinoma treatment market over the forecast period on account of increasing patient pool at hospitals, backed by the higher acceptance of hospitals. Patients prefer hospitals over surgical centers, as hospitals provide a wider range of treatment possibilities, which is estimated to boost the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT

Major Macro-Economic Indicators Impacting the Market Growth

Healthcare Expenditure per Capita, (USD), 2015-2018

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Advanced Renal Cell Carcinoma Treatment Market Regional Synopsis

On the basis of geographical analysis, the global advanced renal cell carcinoma treatment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of large number of cancer patients in the region, along with the improving regional healthcare sector.

The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high prevalence of renal cell carcinoma and other cancers in the region. According to the estimates of American Cancer Society, in 2022, about 79,000 new cases of kidney cancer are expected to be diagnosed, out of which, 50,290 cases in men and 28,710 in women will be diagnosed. Along with this, close to 13,920 deaths are anticipated to be caused by kidney cancer. 

Advanced Renal Cell Carcinoma Treatment Market Share

The global advanced renal cell carcinoma treatment market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global advanced renal cell carcinoma treatment market includes the following segments:

By Therapy Type

  • Radiation Therapy
  • Chemotherapy
  • Hormone Therapy
  • Vaccine Therapy
  • Stem Cell Transplant
  • Others

By End-User

  • Hospitals
  • Cancer Research Institutes
  • Ambulatory Surgical Centers
  • Others

Growth Drivers

  • Increasing Cases of Kidney Cancer
  • Growing Prevalence of Cancer-related Mortality Globally
  • Rising Global Healthcare Expenditure

Challenges

  • Difficult Diagnosis of Kidney Cancer
  • Lack of Proper Health Facilities in Developing Countries

Top Featured Companies Dominating the Market     

  • Ono Pharmaceutical Co., Ltd.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Novartis AG
  • Merck & Co. Inc.
  • Immatics Biotechnologies GmbH
  • Eisai Co., Ltd.
  • Chugai Pharmaceuticals Co., Ltd.
  • Bristol-Myers Squibb Company
  • Pfizer Inc.
  • AVEO Pharmaceuticals Inc.
  • Bayer AG

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