The global kidney cancer diagnostic and therapeutic market are growing at a considerable CAGR of 6.8% during the forecast period. The key features that drive the market growth include, increasing prevalence of kidney cancer, change in lifestyles such as smoking and drinking, less physical activity, and endorsement of novel drugs for the treatment of kidney cancer are the main factors driving the growth of the kidney cancer diagnostic and therapeutic market. In addition, for marketers, immunotherapies would rise as an opportunity in the market. Endless modernization in technological development and drug expansion in different therapies such as immunotherapy, and chemotherapy is expected to drive the growth of the global kidney cancer market. Development in treatment therapy such as immunotherapy is projected to generate huge prospects for the market.
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Immunotherapy has less injuriousness than chemotherapy which creates it more suitable for senior people. Immunotherapy demonstrates a fast and constant reaction as compared to chemotherapy. an enormous number of the undiagnosed patient base in unused geographies will likely create profitable opportunities for the market dealers. However, growing preference for generic drugs and extraordinary costs related to branded drugs to treat kidney cancer are expected to restraint the market growth in the upcoming future.
Moreover, in May 2019, Pfizer Inc. received approval from the US (FDA) for the drug BAVENCIO (avelumab) Plus Inlyta that can be used for the treatment of patients having Advanced Renal Cell Carcinoma (RCC). The drug is one of the first anti-PD-L1 in combination with INLYTA. The Phase III study revealed a combination that considerably lowered the possibility of disease progression or death by 31% and protracted progression-free survival by 5.4 months for patients having advanced RCC compared with sunitinib.
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Global Kidney Cancer Diagnostics and Therapeutics Market Segmentation
By Cancer Type
- Clear Cell RCC (Renal Cell Carcinoma)
- Papillary RCC
- Chromophobe RCC
- Urothelial Carcinoma/Transitional Cell Carcinoma
- Other Kidney Cancers (Wilms Tumor, Renal Sarcoma, Collecting Duct RCC)
By Diagnosis Method
- Biopsy
- Imaging Test
- Other
By Therapy
- Targeted Therapy
- Immunotherapy
- Cryoablation
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