Categories: Healthcare

Urothelial Cancer Drugs Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Urothelial Cancer Drugs Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Urothelial Cancer Drugs Global Market Report 2024, The urothelial cancer drugs market size has grown exponentially in recent years. It will grow from $2.34 billion in 2023 to $2.84 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to awareness and early detection initiatives, physician education and training, patient advocacy groups, evolving standard of care, biomarker identification..

The urothelial cancer drugs market size is expected to see exponential growth in the next few years. It will grow to $5.92 billion in 2028 at a compound annual growth rate (CAGR) of 20.2%. The growth in the forecast period can be attributed to advancements in diagnostic imaging, artificial intelligence in drug development, patient-centric care, investment in research & development, regulatory changes.. Major trends in the forecast period include advances in imaging technologies, patient-centric care, healthcare reimbursement, genomic profiling, regulatory frameworks..

The rising prevalence of urothelial cancer is expected to propel the urothelial cancer drug market going forward. Urothelial cancer is associated with urothelial cells that line the urethra, bladder, ureters, renal pelvis, and some other organs. The rising prevalence of urothelial cancer requires novel urothelial cancer drugs and therapies for treatment to reduce fatalities. For instance, in January 2023, according to American Cancer Society Inc., a US-based voluntary health organization, approximately 62,420 men and 19,870 women are diagnosed with bladder cancer out of 82,290 new cases. 16,710 deaths due to bladder cancer, of which 4,550 were women and 12,160 males. Thus, the rising prevalence of urothelial cancer will drive the growth of the urothelial cancer drug market .

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The urothelial cancer drugs market covered in this report is segmented –

1) By Type: Urothelial Carcinoma, Squamous Cell Carcinoma, Adenocarcinoma

2) By Treatment: Immunotherapy, Chemotherapy, Preservation Therapy

3) By Distribution Channel: Hospital Pharmacies, Specialty Clinics, Cancer Institutes, Ambulatory Surgical Centers

Novel combination therapies are the key trends gaining popularity in the urothelial cancer drug market. Combination therapy combines two or more therapeutic agents for the treatment. Major players are concentrating on creating combination therapies to sustain their position in the urothelial cancer drug market. Combining immunotherapy with targeted drugs is an appealing treatment to reduce the emergence of resistance and improve response in cancer management. For instance, in July 2022, the United States Food and Drug Administration, a US-based federal agency of the Department of Health and Human Services, accepted the biologics license application (BLA) for an IL-15 superagonist, ImmunityBio’s N-803 in combination with Bacillus Calmette-Guerin (BCG) vaccine for bladder cancer. N-803 in combination with BCG would be the first immunotherapy combination that can be delivered directly to induce natural killer cells and T cells in the bladder.

The urothelial cancer drugs market report table of contents includes: