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LONDON, GREATER LONDON, UNITED KINGDOM, February 27, 2025 /EINPresswire.com/ -- How Has The Renal Cell Carcinoma Market Size Evolved And What Is Its Growth Potential?
The renal cell carcinoma market size has seen appreciable growth over recent years. The market size is poised to rise from $0.69 billion in 2024 to $0.74 billion in 2025, with a compound annual growth rate CAGR of 7.0%. The robust growth during the historic period can be ascribed to the rising prevalence of kidney cancer, an increase in the geriatric population, increased adoption of targeted therapies, heightened awareness of cancer screening, improved healthcare infrastructure, and a surge in investments in oncology research and development.
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The renal cell carcinoma market size is projected to showcase strong growth over the next few years. The market is predicted to increase to $0.95 billion in 2029, reflecting a CAGR of 6.6%. The growth during the forecast period can be attributed to the increasing adoption of personalized medicine, growing awareness about early cancer detection, increasing healthcare investments in oncology, improved access to healthcare, and an expansion of clinical trials and research on innovative therapies.
What Factors Are Driving The Growth Of The Renal Cell Carcinoma Market?
The growth of the renal cell carcinoma market moving forward is likely to be propelled by the rise in the geriatric population. This group of elderly individuals, typically aged 65 and above, have specific healthcare and social requirements. The expanding elderly population is driven by healthcare improvements, better nutrition, and longer life spans. Renal cell carcinoma RCC is increasingly prevalent within this demographic, highlighting the necessity for tailored screening and treatment strategies for older adults.
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Who Are The Key Industry Players Dominating The Market?
Major companies operating in the renal cell carcinoma market include Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc., Bayer AG, Bristol Myers Squibb Company, AstraZeneca Plc, Abbott Laboratories, Novartis AG, Fresenius Kabi AG, GSK plc, Takeda Pharmaceutical Company Limited, Amgen Inc., Viatris Inc. Mylan N.V., Astellas Pharma Inc., Eisai Co. Ltd., Sun Pharmaceutical Industries Ltd., Ipsen Pharma, Cipla Inc., Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC, Exelixis Inc., and Nektar Therapeutics.
How Is The Market Segmenting And What Are The Trends In Different Segments?
1 By Type: Clear Cell Renal Cell Carcinoma RCC, Papillary Renal Cell Carcinoma RCC, and Chromophobe Renal Cell Carcinoma RCC.
2 By Diagnosis: Urine Tests, Computed Tomography CT Scan, Nephrectomy, Blood Tests, Ultrasound, and Biopsy.
3 By Treatment: Medication, Ablation, Targeted Therapy, Chemotherapy, Surgery, and Other Treatments.
4 By End-Users: Hospitals, Specialty Clinics, Homecare, and Other End-Users.
Moreover, the clear cell renal cell carcinoma segment is further divided into sporadic clear cell RCC and hereditary clear cell RCC. The papillary renal cell carcinomaRCC subsegment includes type 1 and type 2 Papillary RCC, while the chromophobe renal cell carcinoma RCC subsegment consists of classic and hybrid chromophobe RCC.
Where Is The Most Activity Noted?
Regional Insights reveal that North America was the largest region in the renal cell carcinoma market in 2024. Asia-Pacific, however, is expected to be the fastest-growing region in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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