Kidney Cancer Drugs Market to Grow at a Stable Growth Rate due to Rising Incidence of Kidney Cancer

Global kidney cancer drugs market was valued at USD 2.6 billion in 2013 and is expected to reach USD 4.5 billion in 2020, growing at a CAGR of 6.6% from 2014 to 2020

Renal cell carcinoma (RCC) is a common kind of renal or kidney cancer. Transitional cell carcinoma (TCC) is also a key type of kidney cancer, but is less prevalent amongst individuals as compared to RCC. Surgical procedures alone are sometimes not sufficient for the treatment of these cancers, particularly in cases where patients develop metastatic cancers. This is when additional treatment regimens are recommended and immunotherapies and targeted therapies come into play. Kidney cancer drugs are considered to increase the overall lifespan, particularly in patients having an advanced stage of metastatic tumors.

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As mentioned in the report, the increasing occurrence of kidney cancer and the rising aging population globally are amongst the key factors stimulating the growth of the market for kidney cancer drugs. In addition, several novel molecules receiving approval globally is also a prime factor fuelling the market. On the other hand, the soaring prices of branded cancer drugs may restrain the growth of the market. In addition, the rising inclination of the consumers towards generic drug variants may also have a negative impact on the market’s development.

In terms of drug, the market is segmented into Sutent (Sunitinib), Afinitor (Everolimus), Nexavar (Sorafenib), Votrient (Pazopanib), Avastin (Bevacizumab), Inlyta (Axitinib), Proleukin (Aldesleukin), and Torisel (Temsirolimus). Amongst these, on the basis of revenue, Sutent led the market in 2013 owing to Sutent being the majorly prescribed drug in the first-line treatment for kidney cancer. In addition, Sutent is also amongst the top studied drugs within its class for multiple indications, as it targets multiple receptor tyrosine kinases (RTKs). On the other hand, Votrient is predicted to emerge as a market leader by 2017 and is expected to surpass Sutent and all other competitors owing to its unique first-line penetration and low pricing. Votrient exhibited a whopping CAGR of more than 40% between 2012 and 2016.

Geographically, the report segments the market into Europe, North America, Asia Pacific, and Rest of the World (RoW). Amongst these, North America leads the kidney cancer drugs market owing to the presence of a huge patient pool having different kinds of cancers of the kidney and the commercial penetration of top branded drugs for the treatment of kidney cancer in this region.

On the other hand, Asia Pacific is also predicted to grow exponentially in the market owing to the increasing aging population and the increasing occurrence of renal cell carcinoma in this region. Furthermore, the economic advancement of nations such as China, India, Malaysia, and Singapore will also stimulate the growth of the market in the region of Asia Pacific.

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According to the report, the chief players operating in the market for kidney cancer drugs are Novartis AG., F. Hoffman-La Roche., Pfizer, Inc., Bayer Pharma AG., and GlaxoSmithKline, plc., among others.

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Company Name: Transparency Market Research
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Keywords : Kidney Cancer Drugs Market,

by Aman Gambhi (few months ago!)

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