Global Pancreatic Cancer Treatment Market

Pancreatic Cancer Treatment Market Size, Share, Growth Analysis, By Treatment Type(Chemotherapy, Targeted Therapy, Immunotherapy, Hormone Therapy), By Diagnosis(Blood Test, Biopsy, Imaging Tests, Others), By Route of Administration(Oral, Parenteral, Others), By End-User(Hospitals, Specialty Clinics, Homecare, Others), By Distribution Channel(Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35I2262 | Region: Global | Published Date: July, 2001
Pages: 165 | Tables: 149 | Figures: 78

Pancreatic Cancer Treatment Market Insights

Pancreatic Cancer Treatment Market size was valued at USD 2.15 billion in 2022 and is poised to grow from USD 2.48 billion in 2023 to USD 6.85 billion by 2031, growing at a CAGR of 15.7% in the forecast period (2024-2031).

Tumors are generally described as lumps of tissue that occur as a result of aberrant, uncontrolled cell proliferation. The pancreas cannot function normally when malignancies are present. The unchecked proliferation of cancerous cells, or in the tissues of the pancreas is known as pancreatic cancer. The pancreas develops tumours as a result of the cancerous cells, which prevents the organ from operating normally.
The pancreatic cancer treatment market is expected to expand quickly during the coming years. According to the American Cancer Society, pancreatic cancer makes up roughly 3% of all cancer cases in the United States (ACS). According to the American Cancer Society, around 33% of population suffered from pancreatic cancer in 2019. Due to its difficulty in detection, pancreatic cancer typically only becomes known when it has advanced to an advanced stage. Two signs of pancreatic cancer include jaundice and weight loss. Risk factors include having diabetes and being exposed to certain chemicals. Depending on the tumor size, location, and whether it has spread to other bodily areas, a certain treatment may be appropriate.

The market expansion is primarily the result of businesses restructuring their operations and recovering from the COVID-19 effect, which had previously occurred in restrictive containment measures like social isolation, remote work, and the closure of businesses that created operational difficulties.

US Pancreatic Cancer Treatment Market Market is poised to grow at a sustainable CAGR for the next forecast year.

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Pancreatic Cancer Treatment Market size was valued at USD 2.15 billion in 2022 and is poised to grow from USD 2.48 billion in 2023 to USD 6.85 billion by 2031, growing at a CAGR of 15.7% in the forecast period (2024-2031).

The pancreatic cancer treatment market is fiercely competitive, and few major companies dominate it. The competition is getting more intense due to the presence of major market players. The market participants are implementing methods including increased R&D spending, mergers, acquisitions, and product developments. 'Eli Lilly and Company', 'F. Hoffmann-La Roche Ltd.', 'Celgene Corporation', 'Novartis AG', 'Pfizer Inc.', 'Amgen Inc.', 'Merck & Co., Inc.', 'Bayer AG', 'Bristol-Myers Squibb Company', 'AstraZeneca', 'AbbVie Inc.', 'Teva Pharmaceutical Industries Ltd.', 'Sanofi S.A.', 'Takeda Pharmaceutical Company Limited', 'Ipsen S.A.', 'Gilead Sciences, Inc.', 'Daiichi Sankyo Company, Limited', 'Boehringer Ingelheim International GmbH', 'Jazz Pharmaceuticals, Inc.', 'Exelixis, Inc'

According to estimates, the market would develop faster due to the increased incidence of cancer. Genetic anomalies including the BRCA2 gene mutation, Lynch syndrome, and familial atypical mole-malignant melanoma (FAMMM) syndrome may increase the risk of cancer running in the family. The dynamics of the market will be impacted by the rising rates of diabetes and obesity, which will raise the risk of pancreatic cancer.

Increase in R&D activities: Rise in the R&D activities is fueling the market expansion. This will present advantageous chances for the expansion of the market for treatments for pancreatic cancer. Along with this, an increase in drug releases and approvals will speed up the market's expansion.  

With the highest revenue share in 2022, North America dominated the pancreatic cancer treatment market. This region's dominance is primarily due to improved healthcare infrastructure, widespread adoption of pancreatic treatment procedures, and the presence of a large target population. Furthermore, the rising incidence of pancreatic cancer is driving up demand for treatment options. By authorising medications in the clinical phase and so hastening clinical advances, the USFDA is also taking steps to boost the development of the pancreatic cancer treatment market.

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Global Pancreatic Cancer Treatment Market

Report ID: SQMIG35I2262

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