PUBLISHER: Azoth Analytics | PRODUCT CODE: 1550024
PUBLISHER: Azoth Analytics | PRODUCT CODE: 1550024
Azoth Analytics has released a research report titled "Global Biliary Tract Cancer Market (2024 Edition)" which provides an analysis of the Global Biliary Tract Cancer industry in terms of market segmentation By Indication (Extrahepatic Bile Duct Cancer, Intrahepatic Bile Duct Cancer), By Therapeutics (Gemcitabine + Cisplatin, Gemcitabine + Cisplatin + Other targeted therapies, Gemcitabine, Other targeted therapies, and Gemcitabine + Other chemotherapy combinations) for the historical period of 2020-2023, the estimates of 2024 and the forecast period of 2025-2030.
The report analyses the Biliary Tract Cancer Market by Region (Americas, Europe, Asia Pacific, Middle East & Africa) and 10 Countries (United States, Canada, Germany, United Kingdom, France, Italy, Spain, China, Japan, India). The Global Biliary Tract Cancer market showcased growth at a CAGR of 9.53% during 2020-2023. The market was valued at USD 696.75 Million in 2023 which is expected to reach USD 1424.09 Million in 2030.
Biliary tract cancer is a relatively uncommon malignancy, accounting for approximately 3% of all gastrointestinal cancers worldwide. This translates to a significant number of cases when considering the global population. Countries in Southeast Asia, particularly those with high rates of parasitic infections like Clonorchis sinensis and Opisthorchis viverrini, have significantly higher rates of biliary tract cancer. These infections cause chronic inflammation of the bile ducts, which can increase the risk of cancer development. Other factors contributing to the higher incidence in this region include environmental pollutants, dietary habits, and genetic susceptibility.
This market has been witnessing gradual growth due to rising incidence rates, advancements in diagnostic technologies, and the development of targeted therapies. However, challenges persist due to the rarity of the disease, which limits the availability of large-scale clinical data and complicates drug development efforts.
The limited availability of effective treatments for biliary tract cancer, coupled with the low survival rates associated with the disease, has created a significant and urgent need for the development of innovative therapeutic approaches.
Scope of the Report: