Renal Cancer Drugs Market worth $8 billion by 2027
The report "Renal Cancer Drugs Market by therapy (targeted therapy, chemotherapy, and immunotherapy), drug class (anti-angiogenesis, mTOR inhibitors, interleukin, and immune checkpoint inhibitors), indication (renal cell carcinoma, urothelial carcinoma, and others), distribution channel (hospitals, specialty & retail pharmacies and others), and region (North America, Europe, Asia Pacific and Rest of the World (RoW) which includes Latin America and Middle East & Africa) – global forecasts to 2027", is projected to reach USD 8 billion by 2027 from USD 6 billion in 2022, at a CAGR of 6% during the forecast period.
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Factors such as changes in lifestyle, changing food patterns, increasing geriatric population, and approval of novel molecules to develop drugs are expected to propel the overall growth of the renal cancer drugs market in the forthcoming years.
In therapy segment, immunotherapy is expected to be growing in the forecasted period.
Based on therapy, the market is segmented into targeted therapy, chemotherapy, and immunotherapy. The immunotherapy segment is expected to be growing as the major players are involved in the research and development of cancer immunotherapy drugs to fight renal cancer. Due to this, the targeted therapies will shift towards specific patient subpopulations or later lines of treatment.
North America to command the largest share of the renal cancer drugs market in 2021
Based on region, the renal cancer drugs market is segmented into North America, Europe, the Asia Pacific, Latin America, and Middle East & Africa.
North America accounted for the largest share of the renal cancer drugs market in 2021. The growth of the North American market is primarily driven by the Increased adoption of renal cancer therapeutics, established healthcare infrastructure, and the presence of well-established players in the region.
Prominent players in the renal cancer drugs market include Active Biotech AB (Sweden), Amgen, Inc. (US), Bayer AG (Germany), Cipla Limited (India), F. Hoffmann-La Roche AG (Switzerland), Genentech, Inc. (US), GlaxoSmithKline plc (UK), Novartis AG (Switzerland), Onyx Pharmaceuticals, Inc. (US), Pfizer, Inc. (US), among others.
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