The Business Research Company’s report on the Renal Cell Carcinoma Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the renal cell carcinoma market in recent years?
The rise in the geriatric population is expected to drive the growth of the renal cell carcinoma market going forward. The geriatric population consists of elderly individuals, usually aged 65 and above, who may have particular healthcare and social requirements. The growing elderly population is driven by healthcare improvements, better nutrition, and longer life spans. Renal cell carcinoma (RCC) is increasingly prevalent in the geriatric population, highlighting the need for tailored screening and treatment strategies for older adults. For instance, in January 2024, according to a report published by the Population Reference Bureau, a US-based non-profit organization responsible for collecting stats for research and academic purposes, the number of Americans aged 65 and older is expected to rise from 58 million in 2022 to 82 million by 2050, marking a 47% increase. Therefore, the rise in the geriatric population is driving the growth of the renal cell carcinoma market.
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What is the projected market size of the renal cell carcinoma industry, and how is it expected to grow?
The renal cell carcinoma market size has grown strongly in recent years. It will grow from $0.69 billion in 2024 to $0.74 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to rise in prevalence of kidney cancer, increase in geriatric population, growth in adoption of targeted therapies, heightened awareness of cancer screening, improved healthcare infrastructure, and rise in investments in oncology research and development.
The renal cell carcinoma market size is expected to see strong growth in the next few years. It will grow to $0.95 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to increasing adoption of personalized medicine, growing awareness about early cancer detection, rising healthcare investments in oncology, improved access to healthcare, and expanding clinical trials and research on novel therapies. Major trends in the forecast period include integration of AI for precision diagnostics, development of targeted therapies, innovations in immunotherapy, advancements in biomarker identification, adoption of minimally invasive surgical techniques, and advancements in imaging technologies.
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Who are the key players driving competition in the renal cell carcinoma market?
Major companies operating in the renal cell carcinoma market are 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., Nektar Therapeutics
What key trends are expected to drive the refuse truck (garbage handling trucks) market during the forecast period?
Major companies operating in the renal cell carcinoma market are focusing on developing technologically advanced products, such as integrating artificial intelligence (AI)-powered solutions designed for the analysis of kidney biopsies to enhance diagnostic accuracy, streamline procedures, and improve patient outcomes. An artificial intelligence (AI)–powered solution for analyzing kidney biopsies is a technology-driven tool that leverages machine learning algorithms and computer vision to assist pathologists and nephrologists in evaluating kidney tissue samples. These solutions aim to enhance accuracy, efficiency, and consistency in diagnosing kidney diseases and assessing kidney health. For instance, in March 2024, Aiosyn, a Netherlands-based software company, launched the NephroPath platform, an advanced AI-powered solution designed to analyze kidney biopsies. The NephroPath platform uses computational pathology algorithms to analyze histological biomarkers in kidney biopsies, including identifying tissue types, measuring interstitial fibrosis, and precisely counting and assessing glomeruli. This AI-driven analysis ensures consistent, detailed, and reproducible scoring of renal pathology biomarkers, overcoming the drawbacks of traditional scoring methods and observer subjectivity.
Which key geographies are driving the growth of the renal cell carcinoma market?
North America was the largest region in the renal cell carcinoma market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the renal cell carcinoma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the key segments driving growth in the renal cell carcinoma market?
The renal cell carcinoma market covered in this report is segmented –
1) By Type: Clear Cell Renal Cell Carcinoma (RCC), Papillary Renal Cell Carcinoma (RCC), Chromophobe Renal Cell Carcinoma (RCC)
2) By Diagnosis: Urine Tests, Computed Tomography (CT) Scan, Nephrectomy, Blood Tests, Ultrasound, Biopsy
3) By Treatment: Medication, Ablation, Targeted Therapy, Chemotherapy, Surgery, Other Treatments
4) By End-Users: Hospitals, Specialty Clinics, Homecare, Other End-Users
Subsegments:
1) By Clear Cell Renal Cell Carcinoma (RCC): Sporadic Clear Cell RCC, Hereditary Clear Cell RCC
2) By Papillary Renal Cell Carcinoma (RCC): Type 1 Papillary RCC, Type 2 Papillary RCC
3) By Chromophobe Renal Cell Carcinoma (RCC): Classic Chromophobe RCC, Hybrid Chromophobe RCC
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How is the renal cell carcinoma market defined, and what are its core characteristics?
Renal cell carcinoma (RCC) is a form of kidney cancer originating in the renal tubules, the structures in the kidneys responsible for filtering waste and producing urine. This cancer begins when cells in the kidney become abnormal and grow uncontrollably, forming a tumor. This can disrupt the kidney’s function, including its ability to filter waste from the blood and produce urine.
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