Renal/Kidney Cancer Drug Market Overview
The Global Renal/Kidney Cancer Drug Market is expected to witness tremendous growth owing to the rising prevalence of high blood pressure. Other key factors such as the change to sedentary lifestyle and increase in smoking.
According to the World Cancer Research Fund, 2018 database has estimated kidney cancer is the ninth most commonly occurring cancer in men and 14th most commonly occurring cancer in women. According to the American Cancer Society in 2018, 63,340 new cases of kidney cancer are estimated in the US This is expected to provide favorable backgrounds for the market growth during the forecast period.
Novartis AG (Switzerland),
Pfizer Inc. (US),
GlaxoSmithKline plc (UK),
Genentech, Inc. (US),
F. Hoffmann-La Roche AG (Switzerland),
Cipla Limited (India),
Active Biotech AB (Sweden),
Bayer AG (Germany),
Bristol-Myers Squibb company (US).
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The Global Renal/Kidney Cancer Drug Market is segmented on the basis of therapeutic class, pharmacologic class, type, and end-user. The renal cancer drug market, by therapeutic class, is categorized into targeted therapy and immunotherapy. On the basis of pharmacologic class, the market is segmented into angiogenesis inhibitors, mTOR inhibitors, monoclonal antibodies and cytokine immunotherapy (IL-2). On the basis of type, the market is segmented into clear cell, papillary, chromophobe, oncocytic, collecting duct and other. On the basis of end- user the market is segmented hospitals and clinics, ambulatory surgical centers, diagnostic centers, research centers and other.
The Americas is the largest in the market owing to the increasing prevalence of stroke and high blood pressure and growing healthcare expenditure. The American Cancer Society estimated about14,970 people in 2018, will die due to kidney cancer in the US. Thus, the growing cases of kidney cancer facilitate the market growth in this region.
Europe (UK, Belgium, France, and Netherlands) is the second largest renal cancer drug market during the forecast period. The increasing occurrence of renal cancer drives the market in this region. According to Cancer Research UK in 2015, there were 12547 new cases of kidney cancer in the UK. Thus, the growing cases of kidney cancer facilitate the market growth.
Asia-Pacific was projected to be the fastest growing region for the Renal/Kidney Cancer Drug Market in 2017. The market is expected to witness growth owing to the rising prevalence of smoking and alcohol consumption in this region. According to the World Health Organization in 2015, 47.6% of people smoked tobacco in countries like China and Japan, respectively. This is expected to provide favorable backgrounds for the market to grow.
The Middle East and Africa accounts for the least share due to low per capita income and lack of availability of well-trained healthcare professionals. However, the rising oncology and new cancer treating technology both at the hospital level and in the community are expected to influence the market in a positive way.
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