Esophageal Cancer Market Insights by Growing Trends and Demands...

Esophageal Cancer Market Insights by Growing Trends and Demands Analysis to 2030

Posted 2023-10-26 05:21:56

Market Dynamics: The global market for esophageal cancer is anticipated to experience a consistent compound annual growth rate (CAGR) in revenue over the projected period. The upsurge in market revenue is attributed to the increasing prevalence of esophageal cancer, heightened public awareness, and enhancements in healthcare infrastructure. Esophageal cancer ranks as the eighth most common cancer globally, the seventh most common in men, and the thirteenth most common in women.

Esophageal cancer is characterized by the formation of malignant cells in esophageal tissues. Risk factors include smoking, excessive alcohol consumption, and Barrett's esophagus, which can elevate the susceptibility to esophageal cancer. Symptoms encompass weight loss and painful or challenging swallowing.

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Factors Boosting Market Revenue: Driving Factors: The growth in revenue of the esophageal cancer market is primarily fueled by the escalating incidence of esophageal cancer. According to the American Cancer Society, approximately 20,640 new cases of esophageal cancer (16,510 in men and 4,130 in women) are expected to be diagnosed in the U.S. in 2022, resulting in approximately 16,410 deaths. Advancements in treatment options and the adoption of a sedentary lifestyle are factors influencing the demand for esophageal cancer drugs. Innovative products focusing on novel approaches to treat the disease, expanded research and development endeavors, and increased awareness programs are projected to bolster revenue growth in the esophageal cancer market during the forecast period.

Limiting Factors: The high cost of cancer therapies and the adverse effects associated with esophageal cancer treatment drugs are expected to restrain market growth. For example, these drugs can lead to side effects such as weight loss, fatigue, diarrhea, hair loss, sore mouth, hand-foot syndrome, low blood cell counts, blood clots (Deep Vein Thrombosis), nervous system damage, and heart damage.

Opportunities: The global esophageal cancer market is poised for growth in the forecast period, driven by increased pharmaceutical investments in emerging markets, a growing emphasis on patient-centric care fostering innovation in efficient drugs, advancements in research and development, high unmet needs paving the way for new market entrants, and technological breakthroughs.

Rapidly Growing Region: The Asia Pacific region is expected to exhibit the fastest growth during the forecast period. This growth is driven by the increasing demand for efficient novel therapies in developing nations such as China and India, a thriving pharmaceutical industry, and a rapidly expanding patient population.

Key Market Offerings: This report provides historical data, forecasts, and revenue growth at global, regional, and country levels. It includes analysis of industry trends, consumption patterns, and major country and segment details from 2019 to 2030.

The global market report encompasses industry trends, drivers, restraints, opportunities, threats, market strategies, segment revenue, and revenue share contribution for each regional and country market. Additionally, it offers industry analysis, competitive landscapes, company financials, and impact analysis.

Key Market Trends and Innovations:

In May 2022, Hoffmann-La Roche's combination of Tiragolumab and Atezolizumab entered clinical phase III for esophageal cancer treatment.
In May 2022, Rafael Pharmaceuticals, Inc. announced a research collaboration with Roswell Park Comprehensive Cancer Center to study the effects of CPI-613 (devimistat) on esophageal cancer cells, with or without chemotherapy agents.
In April 2022, Novartis reported that the anti-PD-1 immune checkpoint inhibitor tislelizumab, combined with chemotherapy, significantly improved overall survival in patients with esophageal squamous cell carcinoma.
Competitive Landscape: Companies in the market are pursuing both organic and inorganic strategies. For instance, in June 2022, Inovent Biologics, Inc. and Eli Lilly and Company's TYVYT were approved in China for the first-line treatment of unresectable, recurrent or metastatic esophageal squamous cell carcinoma.

Major Companies in the Market Include:

Merck & Co., Inc
Otsuka Pharmaceutical Co., Ltd
Eli Lilly and Company
Mylan N.V.
Amgen Inc
Novartis AG
Amneal Pharmaceuticals Inc
Reddy's Laboratories Ltd
BeiGene
AstraZeneca
Sanofi S.A.
Sun Pharmaceutical Industries Ltd
Pfizer Inc
Janssen Pharmaceuticals

Detailed Market Segmentation:

By Type (Revenue, USD Billion; 2019-2030):
- Adenocarcinoma
- Squamous cell carcinoma
By Route of Administration (Revenue, USD Billion; 2019-2030):
- Others
- Parenteral
- Oral
By Therapy (Revenue, USD Billion; 2019-2030):
- Others
- Immunotherapy
- Targeted therapy
- Chemotherapy
By End Users (Revenue, USD Billion; 2019-2030):
- Retail pharmacy
- Online pharmacy
- Hospital pharmacy
By Distribution Channel (Revenue, USD Billion; 2019-2030):
- Offline
- Online
By Region (Revenue, USD Billion; 2019-2030):
- North America
  - U.S.
  - Canada
  - Mexico
- Europe
  - Germany
  - U.K.
  - France
  - Italy
  - Spain
  - Sweden
  - BENELUX
  - Rest of Europe
- Asia-Pacific
  - China
  - India
  - Japan
  - South Korea
  - Rest of APAC
- Latin America
  - Brazil
  - Rest of LATAM
- Middle East & Africa
  - Saudi Arabia
  - UAE
  - South Africa

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