Endometrial Cancer Market
Endometrial Cancer Market Overview:
The global endometrial cancer market is anticipated to register a 4.5% CAGR over the forecast period. Factors responsible for the growth of this market include increased understanding of uterine diseases and their accessible therapies, innovation in drug development and subsequent technological advances, and increased healthcare expenditure. For instance, in most countries, the rate at which healthcare expenditure is increasing is higher than the rate of economic growth, and this is a trend that has been observed over the decades. The presence of equitable, responsive, and efficient health systems across the countries of North America, Europe, and Asia-Pacific has also contributed to the maximum share of GDP being utilized as healthcare expenditure. Moreover, with the increase in the number of people diagnosed with cancer, the introduction of new therapies is expected to increase the costs of cancer care. Treatment for cancer can be very costly, particularly with patients and survivors often in need of long-term treatment and monitoring. Additionally, appealing health insurance plans and better reimbursement rates play a crucial role in enhancing people s spending on medicines, which is supposed to drive the studied market.
However, factors such as the adverse effects of therapy and the elevated toxicity of drugs are anticipated to hamper market growth.
Scope of the Report:
Endometrial cancer is the malignancy that grows in the layers of the cells that form the endometrium, the uterus lining. Women with high blood pressure, diabetes, or breast cancer are at higher danger of endometrial cancer.
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Key Market Trends: –
Chemotherapy is expected to be fastest growing market during the forecast period:
On the global endometrial cancer market, the chemotherapy segment is anticipated to experience a mild CAGR due to the smaller amount of drugs approved for endometrial cancer therapy. However, the segment is anticipated to hold the largest share of the therapy form; this is due to the high rate of chemotherapy acceptance relative to radiation and surgical treatment. In addition, in most cancer instances, chemotherapeutic agents such as carboplatin and paclitaxel are frequently suggested as the first line of trerapy, which improves demand for these products. For example, the US FDA lately authorized IXEMPRA ixabepilone for use in endometrial cancer treatment and this is anticipated to boost market growth.
North America is dominating the market growth:
North America currently dominates the endometrial cancer market and is anticipated to remain its stronghold for a few more years owing to a high incidence of uterine serous carcinoma. The United States maintains the largest market share in North America. This can be largely attributed to increased prevalence rates of endometrial cancers. For instance, according to the American Cancer Society, it is estimated that approximately 61,880 new cases of uterine cancer will be diagnosed in the United States in 2019. This, along with other factors such as increasing awareness of cancer diagnosis and the presence of advanced healthcare facilities, is anticipated to propel the U.S. market.
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Competitive Landscape:
The market for endometrial cancer is moderately competitive and consists of several key players. With regard to market share, few of the main players presently dominate the market. There are several products in the trails due to the increasing incidence of cancer; henceforth, it is anticipated that few other smaller players may join the market. Some of the market’s major players are, among others, Bristol-Myers Squibb Company, Pfizer Inc., R-Pharm-US LLC, Elekta AB, and Varian Medical Systems, Inc.
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