Global Bile Duct Cancer Treatment Market: Overview
Bile duct cancer or cholangiocarcinoma is cancer of the biliary system. This system lies under the liver and is responsible for production of waste bile as part of the body’s normal recycling processes. Cholangiocarcinoma affects the geriatric population after long standing inflammation in the biliary system. This can be because of chronic inflammatory conditions as seen in developed countries or because of chronic parasitic infection, as in developing countries. Whatever be the cause, detection is usually late enough for any salvage though successful treatment is possible for a few.
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As per TMRR, In light of increasing age of the world population and a concomitant growth in the number of chronic conditions affecting people, the incidence of bile duct cancer is increasing, adding to growth in the bile duct cancer treatment market. Better healthcare facilities are making rapid diagnosis easier and successful treatment of afflicted cases. This holds promise for the bile duct cancer market for the forecast period of 2019 to 2029.
Global Bile Duct Cancer Treatment Market: Competitive Landscape
A number of established players in the medicare market are now shifting focus to foray into the bile duct cancer market. This makes the market scenario fragmented. Prominent names of players include:
- Johnson & Johnson
- Bayer AG
- Celgene Corp
- Bristol-Myers Squibb
- Pfizer, Inc.
- F. Hoffmann-La Roche Ltd.
- Novartis AG
- Merck & Co., Inc.
- ConMed Corporation
- Boston Scientific Corporation
Given their wide presence in the healthcare sector, these players should make good use of their existing outreach to create demand for the bile duct cancer treatment market. Acquisition of smaller production facilities for subparts is one major strategy. Investing in laboratories that being up innovations in diagnosis and treatment is another that is expected to reap benefits for this market in the future.
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Global Bile Duct Cancer Treatment Market: Key Trends and Drivers
- The world population is ageing at a steady rate. Half of the population of the United States is expected to be over the age of 65 years by 2060. A concomitant trend with respect to chronic conditions is inevitable, and the World Health Organization estimates that 57% of the world population will be afflicted by one or more chronic illnesses by 2050. Bile duct cancer is aggravated by any form of chronic inflammation in the body, and hence the incidence of this disease is expected to grow in the coming years.
- Global healthcare industry grew at a rate of 4.8% in 2018. This has spilled over to the diagnostic market as well, as should be seen by a notable rate projected for this market over the next four years. Better diagnostic facilities make the detection of often difficult diseases like bile duct cancer easier. The entire bile duct cancer market should benefit from this trend.
Global Bile Duct Cancer Treatment Market: Regional Analysis
North America and Europe are currently global leaders in the bile duct cancer market. This can be attributed to the presence of a robust healthcare infrastructure that supports innovations. Also, general awareness among people about personal health is greater than in other regions of the world. Most novel technology, be that diagnostic or therapeutic comes from these regions. Also, an increasing geriatric population here helps growth in this market.
The Asia Pacific region (APAC) is expected to register modest growth in this market given the rising standard of healthcare in this region. People are demanding better diagnostic facilities for various chronic conditions that have surreptitiously started to affect many people from this region.
The Middle East and Mediterranean region are lucrative markets for bile duct cancer treatment simply because of the high incidence of parasitic infections here that make cholangiocarcinoma a particular problem here. Increasing wealth and healthcare solutions in this region are due to make steady demand possible for the bile duct cancer market in the coming years.
- Blood Tests
- Abdominal Imaging
By End User
- Hospital& Clinics
- Academic Institutes
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