Kidney Cancer Drugs market: Overview
Kidney cancer is among the top 10 common cancers across the world in both men and women. As per the American Cancer Society, approximately 73,750 novel cases of kidney cancer will emerge and may prove fatal for 14,830 people. These statistics display the alarming need for efficient treatment mechanisms to treat kidney cancer. Taking into account the figures and other factors, the global kidney cancer drugs market is anticipated to record substantial demand across the forecast period of 2019-2029.
Kidney cancer drugs have made tremendous advancements over a long period. These advancements will bring immense growth prospects for the kidney cancer drugs market. The rising prevalence of renal cancer may also increase the need for efficient kidney cancer drugs.
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This kidney cancer drugs market report analyses diverse factors that help in scaling up the growth graph. Some vital factors such as key trends, mergers and acquisitions, and the geographical perspective of the kidney cancer drugs market have been studied with scrutiny in this report. The stakeholders can gain extensive knowledge from this report on the kidney cancer drugs market. In addition, this report also carries an analysis of the COVID-19 impact on kidney cancer drugs market.
Kidney Cancer Drugs Market: Manufacturers Analysis
Manufacturers in the kidney cancer drugs market always compete to gain a prominent position across the large consumer base. Consistent investments in research and development activities provide considerable insights to the manufacturers.
Collaborations, mergers, and acquisitions form the foundation for the growth of the kidney cancer drugs market. These activities also help the players to establish their influence across the kidney cancer drugs market. Merck and Co. recently acquired Peloton Therapeutics, a clinical-stage biopharma founded in 2010 for the potential in its lead candidate, PT2977 for curing renal cell carcinoma (RCC), the most common type of kidney cancer.
Significant players involved in the kidney cancer drugs market are Novartis, Prometheus Labs, Exelixis, Bayer, Bristol-Myers Squibb, Genentech (Roche), and Eisai.
Kidney Cancer Drugs Market: Key Trends
Kidney cancer drugs are usually given to high-risk patients or those who are severely critical. The rise in the number of critical patients due to kidney cancer is bringing expansive growth prospects across the kidney cancer drugs market.
Novel insights and successful clinical trials are further sowing the seeds of growth across the kidney cancer drugs market. A kidney cancer drug developed by drug manufacturers Pfizer and Merck can help in overcoming advanced-stage kidney cancer. The National Institute for Health and Care Excellence (NICE) approved the combination of axitinib and avelumab recently. Such developments assist the growth of the kidney cancer drugs market greatly.
Although the kidney cancer drugs market is making extensive advancements across the pharmaceutical sector, the high-cost factor is proving to be a major growth restraint. The drugs are not affordable for a common individual. Nevertheless, the players in the kidney cancer drugs market are making efforts for preparing drugs that are affordable to the general populace.
Kidney Cancer Drugs Market: Regional Dimensions
Asia Pacific may acquire the largest share of regional growth across the forecast period of 2019-2029 due to the growing number of cases across the region and various healthcare reforms initiated by the governments of various countries. The presence of a massive geriatric population may also provide growth opportunities for the kidney cancer drugs market in the region.
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