Bile Duct Cancer Market Research Report, By Type (Intrahepatic, Extrahepatic), Diagnosis (Blood Tests, Abdominal Imaging, Surgery), By Treatment (Chemotherapy, Radiotherapy), By End User (Hospital& Clinics, Academic Institutes) - Global Forecast till 2027
Bile Duct Cancer Market Scenario:
The bile duct cancer market is expected to grow at an approximate CAGR of 9.2% during the forecast period. Bile duct cancer or cholangiocarcinoma is a form of cancer in which epithelial cells are mutated, i.e., they show epithelial differentiation in the bile duct. It is a type of rare neoplasm. According to the National Cancer Institute, in 2014, there were an estimated 66,771 people living with liver and intrahepatic bile duct cancer in the United States. Moreover, the disease is expected to cause 28,920 deaths by the end of 2017 accounting for 4.8% of all cancer deaths.
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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.
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.
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.
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