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The Global Bile Duct Cancer Market Growth Accelerated By Improved Diagnosis And Rising Disease Prevalence

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Mia Yates
The Global Bile Duct Cancer Market Growth Accelerated By Improved Diagnosis And Rising Disease Prevalence

Bile duct cancer, also known as cholangiocarcinoma, is a rare cancer that forms in the bile duct. It causes blockage of the bile duct and prevents the proper functioning of the liver and gallbladder. Bile duct cancer requires advanced treatment procedures that utilize sophisticated molecular targeting and immunotherapeutic drugs.

The global Bile Duct Cancer Market is estimated to be valued at US$ 235.9 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The development of advanced diagnostic techniques has accelerated the growth of the bile duct cancer market. Previously, the diagnosis of bile duct cancer was challenging as symptoms were non-specific. However, recent advancements in diagnostic tools such as magnetic resonance imaging (MRI), endoscopic retrograde cholangiopancreatography (ERCP), and positron emission tomography (PET) scans have improved the accuracy of early detection. Especially, MRI is considered highly effective for detecting small tumors or evaluating the extent of cancer in the bile ducts. This has driven the adoption of diagnostic procedures and contributed to the increasing prevalence of diagnosed bile duct cancer cases. Furthermore, risk factors associated with bile duct cancer like primary sclerosing cholangitis and cirrhosis are on the rise, thereby driving market growth.


Segment Analysis

The global bile duct cancer market is dominated by the extrahepatic bile duct cancer sub-segment. Extrahepatic bile duct cancer starts in the part of the bile duct that is outside the liver. It makes up around two-thirds of all bile duct cancers. It is more common than intrahepatic bile duct cancer since extrahepatic bile duct is longer and has more cells that could potentially develop into cancer. Early detection is more difficult for intrahepatic cancer as it is located inside the liver.

Key Takeaways

The Global Bile Duct Cancer Market Size is estimated to be valued at US$ 235.9 Mn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030.

Regional analysis

The North America region holds the dominant share in the global bile duct cancer market currently. This is mainly due to improved healthcare infrastructure and high healthcare spending in countries like the US and Canada. Early detection and treatment rates are higher in North America. Additionally, presence of leading pharmaceutical companies engaged in cancer drug development and higher adoption of advanced diagnostic techniques boost the market growth in this region. However, Asia Pacific region is expected to witness the highest CAGR during the forecast period owing to increasing incidence of bile duct cancer and growing awareness about early detection and treatment.

Key players

Key players operating in the bile duct cancer market are Biffa Plc, Clean Harbors, Inc., Covanta Holding Corporation, Daiseki Co., Ltd, Hitachi Zosen Corporation, Remondis Se & Co. Kg, Republic Services, Inc., Suez, Veolia Environment, and Waste Management Inc. The global market is consolidated in nature with few large players dominating. These companies are engaging in new product launches, collaborations and acquisitions to strengthen their market position. For instance, In April 2022, Hitachi Zosen Corporation acquired Ecodeco S.A. to expand its waste collection and transportation business in France.

For More Insights, Read: https://www.newswirestats.com/bile-duct-cancer-market-is-estimated-to-driven-by-increasing-cholestatic-liver-conditions/


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