What Transformation Has the Kidney Cancer Drugs Market Undergone?
The kidney cancer drugs market has seen considerable growth due to a variety of factors.
• In the past few years, the market for kidney cancer drugs has seen significant growth. The sector is projected to expand from $8.2 billion in 2024 to $8.63 billion in 2025, marking a Compound Annual Growth Rate (CAGR) of 5.1%.
The notable growth during the historical period is the result of several factors including amplified healthcare spending, fast-growing aged population, escalated spending in pharmaceutical Research and Development, and advancements in the discovery of cancer drugs.
How Will The Kidney Cancer Drugs Market Size Evolve In The Foreseeable Future?
The kidney cancer drugs market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for kidney cancer drugs is projected to experience consistent growth in the coming years, reaching $10.48 billion in 2029 with a 5.0% compound annual growth rate (CAGR).
This growth during the projected period can be accredited to factors such as a rise in the aging population, an increase in healthcare spending, an upsurge in acquisitions and partnerships aimed at drug development, and the immense potential of emerging economies. Foreseen trends for this period encompass the use of 3D technology to manufacture and model drugs, investment in biomarkers, the introduction and acceptance of new treatment advancements, the enhancement of treatment through personalized medicine, the investment in AI solutions, and the collaboration and partnership with other corporations or government entities to hasten the production of new drugs.
What Are The Core Factors Supporting Growth In Kidney Cancer Drugs Market?
One of the key contributors to the expansion of the kidney cancer drugs market is the increasing prevalence of renal cancer. Various factors like lifestyle modifications, tobacco use, and unhealthy dietary habits play a significant role in facilitating the growth of renal cancer cells. For instance, data from the US-based health organization, the American Cancer Society, in January 2022 predicted 79,000 new kidney cancer diagnoses (comprising 50,290 men and 28,710 women), and fatalities amounting to 13,920 (8,960 men and 4,960 women). Diagnosis mostly occurs between the ages of 65 and 74, with the mean age at diagnosis being 64. Kidney cancer is quite uncommon in individuals below 45 years, thereby influencing the surge in the kidney cancer drugs market.
What Are The Core Segments Of The Globa Kidney Cancer Drugs Market?
The kidney cancer drugs market covered in this report is segmented –
1) By Type: Renal Cell Carcinoma (RCC), Transitional Cell Carcinoma (TCC) Or Urothelial Cell Carcinoma (UCC)
2) By Product: Nexavar (Sorafenib), Sutent (Sunitinib), Afinitor (Everolimus), Votrient (Pazopanib), Avastin (Bevacizumab), Inlyta (Axitinib), Other Products
3) By End Users: Hospitals, Clinics, Research Center, Other End-Users
Subsegments:
1) By Renal Cell Carcinoma (RCC): Targeted Therapies, Immune Checkpoint Inhibitors, Cytokine Therapies
2) By Transitional Cell Carcinoma (TCC) Or Urothelial Cell Carcinoma (UCC): Chemotherapy Agents, Immunotherapy Agents, Antibody-Drug Conjugates (ADCs)
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Which Emerging Trends Are Reshaping The Kidney Cancer Drugs Market Size?
Leading businesses in the kidney cancer drugs market are concentrating on innovations such as biosimilar development to improve treatment alternatives, increase patient accessibility to cost-effective treatments, and promote progress in cancer care. Biosimilar development is a method of producing biological medications that closely resemble a previously approved reference product, guaranteeing equivalent efficacy, safety, and quality. For example, Amneal Pharmaceuticals Inc., an American pharmaceutical firm, introduced RELEUKO (filgrastim-ayow) in November 2022. RELEUKO (filgrastim-ayow), a biosimilar to Neupogen (filgrastim), was developed by Amneal Pharmaceuticals to address neutropenia, especially in patients receiving chemotherapy.
Who Are the Key Players in the Kidney Cancer Drugs Market?
Major companies operating in the kidney cancer drugs market include:
• Pfizer Inc.
• Novartis AG
• ExelixisInc.
• F. Hoffmann-La Roche AG
• Bristol Myers Squibb Company
• Bayer AG
• Merck & Co.. Inc.
• EUSA Pharma Inc.
• UroGen Pharma Ltd.
• Natco Pharma
• CStone Pharma
• CARsgen Therapeutics
• JW Therapeutics
• BeiGene
• Takeda Pharmaceuticals
• Astellas Pharma Inc
• Otsuka Pharmaceutical Co. Ltd
• Daiichi Pharmaceutical and Sankyo
• AstraZeneca plc
• GlaxoSmithKline plc
• Amgen Inc .
• Biocon Ltd
• Rani Therapeutics
• Eli Lilly and Company
• Abbvie
• Johnson & Johnson
• Sanofi
• Biogen Inc
• AVEO Oncology
• Teva Pharmaceutical Industries Ltd.
• Kitov Pharma Limited
• CureTech Ltd.
• Neopharma
What are the Regional Insights into the Kidney Cancer Drugs Market?
North America was the largest region in the kidney cancer drugs market in 2024. Middle East is expected to be the fastest-growing region in the global kidney cancer drugs market share during the forecast period. The regions covered in the kidney cancer drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
