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Cholangiocarcinoma Market Analysis By Treatment Type(Chemotherapy, Targeted Therapy, Immunotherapy), By Disease Indication(Intrahepatic Bile Duct Cancer, Extrahepatic Bile Duct Cancer), By Distribution Channel(Retail Pharmacies, Hospital Pharmacies, Online Pharmacies) & Forecast 2024-2035

  • PUBLISHED ON
  • 28/02/2023
  • NO OF PAGES
  • 245
  • CATEGORY
  • Healthcare & Life Sciences
The global cholangiocarcinoma market size was valued at USD 185 million in 2021 and is projected to reach around USD 450 million in 2030 exhibiting a CAGR of 12.5% in the forecasted period. The high expenditure on the healthcare sector by the management and the customers boosts the market growth. Increasing infection like liver fluke will boost the demand for the market, growing the treatment of bile duct cancer impacting the cholangiocarcinoma market. In addition to it, rising exposure to harmful chemicals for printing and other process is escalating the market. On the other hand, time-consuming method towards the diagnosis and treatment, high cost and numerous processes for diagnosis and treatment of cancer can be a restraint in the growth of this market.

The rising research and development actions by pharmaceutical companies. For instance, in January 2020, Sirnaomics Inc. and Innovent Biologics, Inc. announced the collaboration for research and development using Sirnaomics’ RNAi drug candidate STP705 (cotsiranib) and Innovent’s antibody drug Tyvyt (sintilimab injection), as a combination treatment in advanced cancers such as Hepatocellular Carcinomas (HCC) and Cholangiocarcinoma (CCA). Therefore, increasing number of lead candidates in late phase clinical trial having the potential to gain regulatory approval in providing a robust opportunity for pharmaceutical manufacturers to launch novel drugs for the treatment of cholangiocarcinoma.
 
COVID 19 has affected many occupational sectors, and the budget of several regions deteriorated owing to the effect. Pandemic affected the economy by straight affecting the manufacturing and demand, disturbing the supply channel and having a severe financial impact on the global market. During the pandemic in June 2020, the national health institute broadcasted COVID 19 research initiatives through antibody testing. Constant growing population for cancer diagnosis through the period with have a helpful impact on the market. As the request for medical equipment augmented and people visited hospitals more than before throughout the novel coronavirus spread, the market positively impacted the virus spread.

Treatment Insights
The categories of treatment are chemotherapy and radiotherapy. The cholangiocarcinoma market Size is fragmented into 5-fluorouracil, gemcitabine, cisplatin, and others based on the sub-segment chemotherapy.

Distribution Channel Insights
On the basis of distribution channel, the cholangiocarcinoma market has been categorized into retail pharmacies, hospital pharmacies, and online pharmacies. The hospital pharmacies category is to observe higher adoption of cholangiocarcinoma during the forecasted period. This is mostly owing to the accessibility of experienced healthcare professionals & the safety & efficiency throughout the treatment procedures also increasing hospital administration of patients globally are the major aspects for the growth of the segment.

Region Insights
North America is governing the market, and it is anticipated that it will remain to dominate in the forecasted period. The factors the region embraces the major growth are the well-developed healthcare sector, growing number of cancer patients, and accumulating government expenditure on healthcare. In 2015, healthcare expenditure in the U.S. touched $3.2 trillion per person, 17.8% of the total GDP. The accessibility of funds for research, intensifying patient population and government support for the research and development of medication in Europe and Asia pushes the market towards growth.
 
Europe holds the second-largest cholangiocarcinoma market share. Owing to the continuous growth in the region like India and China, the market is experiencing high opportunities in the future. In India, the healthcare spending accounted for the fastest CAGR.
 
Key Companies Insights
The market for cholangiocarcinoma is moderately competitive. With the rising applications of Cholangiocarcinoma, new players are considering to enter the market. The companies are also involved in events like joint ventures, acquisitions, partnerships, mergers, and collaborations. These activities aid in growing the effect of the players in the Cholangiocarcinoma market, ultimately boosting the market growth.

Some of the key companies working in the global Cholangiocarcinoma market include:
• Johnson & Johnson Private Limited
• Mylan N.V.
• Teva Pharmaceutical Industries Ltd.
• Sanofi
• Pfizer Inc.
• AstraZeneca
• GlaxoSmithKline plc
• AbbVie Inc.
• Novartis AG
• Fresenius Kabi AG
• Eli Lilly and Company
• F. Hoffmann-La Roche Ltd.
• Intercept Pharmaceuticals
• Kyowa Kirin Co., Ltd.
• Delcath Systems, Inc.
• Accord Healthcare
• CONMED Corporation
• Boston Scientific Corporation
• Bayer AG
• Bristol-Myers Squibb Company
• Merck & Co., Inc.
• Other players

Some of the Recent Developments:
• In April 2020, the U.S. Food and Drug Administration had permitted the first targeted therapy for patients with cholangiocarcinoma called Pemazyre (pemigatinib). Pemazyre's sanction was founded on the outcomes of a clinical trial in which 107 patients with locally progressive or metastatic cholangiocarcinoma who had earlier received therapy and had a FGFR2 fusion or rearrangement were joined.

• In September 2019, Merck Sharp & Dohme Corp initiated the investigational clinical trial study on Pembrolizumab (immunotherapy) in combination with Gemcitabine/Cisplatin for the treatment bile duct cancer. The study is now in Phase 3 clinical trials and is anticipated to be completed by August 2023.

Segments
By Treatment Type
• Chemotherapy
o Gemcitabine
o Cisplatin
o Oxaliplatin
o Oxaliplatin
o 5 fluorouracil (5-FU)
• Targeted Therapy
o Pemigatinib
o Infigratinib (Phase 3)
o Ivosidenib (Phase 3)
• Immunotherapy
o Pembrolizumab (Phase 3)
• Others
 
By Disease Indication
• Intrahepatic Bile Duct Cancer
• Extrahepatic Bile Duct Cancer

By Distribution Channel
• Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies

By Geography
• North America
o U.S.
o Canada
o Mexico
• Europe
o U.K.
o Germany
o France
o Italy
o Spain
o Russia
• Asia-Pacific
o Japan
o China
o India
o Australia
o South Korea
o ASEAN
• Latin America
o Brazil
o Argentina
o Colombia
• MEA
o South Africa
o Saudi Arabia
o UAE
o Egypt
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035

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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

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Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.


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