Cholangiocarcinoma Market: Overview
Cholangiocarcinoma is a type of cancer forming in the bile ducts inside the stomach that carries the digestive fluid bile. Bile ducts link our liver on our gallbladder and in the small gut. This condition, also known as bile duct cancer, is an unusual form of most cancers that occurs typically in humans older than 50 years of age, even though it can happen at any age. The rising number of digestive issues among the aged population is considered a prime factor augmenting the growth of this market during the forecast period, 2020 to 2030.
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The global cholangiocarcinoma market is classified on the basis of treatment type, distribution channel, and region. In terms of region, the market is divided into chemotherapy, targeted therapy, and immunotherapy. Among these, the chemotherapy is further segmented into 5 fluorouracil, capecitabine, oxaliplatin, cisplatin, and gemcitabine. The targeted therapy segment is further classified into ivosidenib, infigratinib, and pemigatinib. The immunotherapy segment is again categorized into pembrolizumab, and others. With respect to segmentation by distribution channel, the global market for cholangiocarcinoma is divided into retail pharmaceies, hospital pharmacies, and online pharmacies.
The report is based on qualitative and quantitative analysis of the market and its prime growth trajectories including the recent trends and innovations along with restraints and drivers. It also throws light on the impact of the novel Coronavirus on this market and what measures can be adopted to help this market continue earning handsome revenues at the time of a worldwide pandemic. Furthermore, the report emphasizes on the table of segmentation and mentions the leading segment with factors attributing to its growth. The report is available for sale on the company website.
Cholangiocarcinoma Market: Company Profiles
Major manufacturers of the global cholangiocarcinoma market are indulging in strategic collaborations to gain an upper hand in the overall market competition. Apart from this, some other players are investing in research and development of better therapeutics to treat various cancer types especially cancer of the bile duct.
Some of the notable players of the global cholangiocarcinoma market include:
- Delcath Systems Inc.
- Imbrium Therapeutics L.P.
- Incyte Corporation
- Ability Pharmaceuticals
- RenovoRx,
- Agios Pharmaceuticals, Inc.
- QED Therapeutics, Inc.
- Eisai Co., Ltd.
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Cholangiocarcinoma Market: Significant Developments
The US Food and Drug Administration allowed the orphan drug designation of their research drug etoposide toniribate to two companies namely Mundipharma EDO GmbH, and Imbrium Therapeutics L.P. as a collaborative team. The etoposide toniribate is a novel inhibitor of topoisomerase II and is used for treating relapsed refractory binary tract cancer.
Cholangiocarcinoma Market: Key Trends
Increasing adoption of sedentary lifestyle at present has urged people to opt for ready-to-eat and pre-cooked food products. This stands as a major cause of cancer of the bile duct. Apart from this, the increasing number of smoking population, coupled with the rising number of people exposed to carcinogen are likely to aid in expansion of the market in the coming years as well. Moreover, the rising cases of cysts and stones in the digestive system and leaving it untreated for long term will also result in this cancer. Furthermore, increasing awareness about this cancer type, coupled with the continuous research and development, and launch of innovative drugs for the treatment are likely to help create lucrative growth opportunities for the market in the long run.
Cholangiocarcinoma Market: Geographical Insights
Regionwise, the market for cholangiocarcinoma is dominated by North America on account of the presence of a well-established healthcare sector, and availability of latest medical technology for treatment procedures. Besides this, the presence of a large number of leading manufacturers of this market in the developed nation of the United States is likely to help this market continue dominating the market in the coming years.
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