PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1373917
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1373917
Uterine cancer therapies and diagnostic market size was valued at USD 22,061.9 Million in 2022, expanding at a CAGR of 6.3% from 2023 to 2030.
Uterine cancer is a cancer that affects the female reproductive system. It is a malignant tumor that starts in the uterus cells and has the potential to spread to other body parts. Uterine cancer therapeutics primarily includes numerous treatment modalities, such as radiation therapy, hormone therapy, targeted therapy, chemotherapy, and surgery. Additionally, the treatment choice depends on various factors such as the patient's overall health, the type of uterine cancer, and the stage of the cancer.
Uterine Cancer Therapies and Diagnostic Market- Market Dynamics
Awareness of uterine cancer and technical innovations are expected to drive market growth
Healthcare professionals and patients are now aware of the prevalence of uterine cancer, and additionally becoming more actively interested in learning about the therapies available for the treatment of these conditions. In line with this, this is the main prominent factor for uterine cancer therapies and diagnostics in the global market. However, costly treatment procedures and adverse side effects are some of the major factors likely to hinder market growth. Furthermore, the market for uterine cancer therapies and diagnostics is being fueled by the significant increment in healthcare spending among the urban population and government initiatives for better healthcare infrastructure. Moreover, patients are being encouraged to invest in proper treatments and diagnostics as an outcome of technical innovations in healthcare services and the introduction of novel drugs regarding uterine cancer.
Uterine Cancer Therapies and Diagnostic Market- Key Insights
As per the analysis shared by our research analyst, the global uterine cancer therapies and diagnostic market is estimated to grow annually at a CAGR of around 6.3% over the forecast period (2023-2030)
The uterine cancer therapies and diagnostic industry is projected to grow at a significant rate due to the growing burden of endometrial adenocarcinoma.
Based on type segmentation, endometrial carcinomas was predicted to show maximum market share in the year 2022
Based on treatments segmentation, chemotherapy was the leading type in 2022
The prime factor responsible for the growing incidence of endometrium carcinoma is increasing obesity among women is projected to accelerate the market growth.
The global uterine cancer therapies and diagnostic market is segmented on the basis of type, treatment, major tests, and region.
The market is divided into two categories based on type: endometrial carcinomas and uterine sarcomas. The endometrial carcinomas segment is likely to dominate the highest market share during the forecast period. One of the unique categories of uterine cancer that occurs in the lining of the uterus is endometrial carcinoma. Assessing advancements in diagnostic techniques and tools specific to endometrial carcinomas, including liquid biopsies or cutting-edge imaging technologies, offers insights into the diagnostic market within this segment.
The market is divided into five categories based on treatments: immunotherapy, surgery, chemotherapy, follow-up treatment, and radiation therapy. The chemotherapy segment is accounted to grow with the highest market share as chemotherapy is an essential component of uterine cancer treatment, particularly for metastatic or advanced cases. Chemotherapeutic substances are utilized to kill or to slow down the growth of the rapidly dividing cancer cells
Uterine Cancer Therapies and Diagnostic Market- Geographical Insights
North America is likely to dominate the uterine cancer therapeutics and diagnostics market in the future. The growing awareness and rising incidence among the general population is the prime reason for the market growth in this region. Additionally, faster adoption of new technologies in the economy is boosting the overall growth of the market studied. Moreover, the European region is accounted to dominate the market due to the changing lifestyles of women in these countries. In aged women prevalence of uterine cancer is more common.
The uterine cancer therapeutic and diagnostic market is highly competitive, with several medical device manufacturers, pharmaceutical companies, and research institutions actively participating. Advancements in diagnostic and therapeutic technologies and new entrants continue to influence the market. Additionally, for cancer treatment and screening supportive government initiatives and healthcare policies, boost the overall market growth of the uterine cancer therapeutic and diagnostic. In the field of oncology, ongoing research and development activities lead to the development of diagnostic tools and innovative therapies. For instance, in June 2023, Pfizer Inc. announced that DUAVEE® an estrogen-based menopause hormone therapy, is now back in stock in the United States, with better packaging, following a voluntary recall. The recall was due to a concern with the packaging and was not based on any safety and efficacy concerns with the product itself.
For instance, in April 2021, Roche announced the U.S. Food and Drug Administration (FDA) approval of the VENTANA MMR RxDx Panel for advanced or recurrent endometrial cancer patients. Testing can examine patients eligible for treatment with JEMPERLI (dostarlimab-gxly) monotherapy, an anti-PD1 immunotherapy from GlaxoSmithKline (GSK) that was approved by the FDA.