Bile Duct Cancer Drug Market by Type (5-fluorouracil (5-FU), Gemcitabine, Cisplatin, Capecitabine, Oxaliplatin, and Others) and by Application (Hospitals, Clinics, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024

Global bile duct cancer drug market expected to generate revenue of around USD 262 million by 2024, at a CAGR of around 6.6% between 2018 and 2024. The major growth driver of the global bile duct cancer drug market is the increase in the prevalence of bile duct cancer patients across the globe.

07-Jan-2019 | Number of pages: 110 | Report Code: ZMR-3702 | Report Format : | Status : Published

Analysis

The bile duct is a thin tube, which starts from the liver ends at the small intestine. The major function of the bile duct is to move bile from gallbladder and liver into the small intestine, where it helps in the digestion of fats present in food. Cancer can affect any part of the bile duct system. This cancer is classified into three types based on the part affected by cancer: perihilar bile duct cancers, intrahepatic bile duct cancers, and distal bile duct cancers. Surgery is the first line of treatment. In the case of inoperable bile duct cancers, radiation therapy, immunotherapy, chemotherapy, targeted therapy, and palliative therapy are used.

The major growth driver of the global bile duct cancer drug market is the increase in the prevalence of bile duct cancer patients across the globe. The increasing prevalence of bile duct cancer is fuelling the demand for treatment. The technological advancement has increased over the period which has led to the development of treatment options. Furthermore, the increase in healthcare expenditure due to increased awareness among people is also expected to promote the growth of bile duct cancer drug market. Moreover, increased research and development activities by various companies to provide affordable treatment for chronic diseases are further fuel the bile duct cancer drug market in the future. The increasing prevalence of cancer and rising demand for combination therapy is further expected to increase the demand for chemotherapy for cancer treatment. However, the high cost of cancer treatment and clinical trials and time-consuming process for the approval of new drugs might inhibit the bile duct cancer drug market over the forecast time period.

Global Bile Duct Cancer Drug Market

The bile duct cancer drug market is classified into type and application. By type, this market is divided into 5-fluorouracil (5-FU), gemcitabine, cisplatin, capecitabine, oxaliplatin, and others. The 5-fluorouracil segment is anticipated to hold the largest market share over the forecast years. By application, this market is segmented into hospitals, clinics, and others. Hospitals are expected to hold the largest market share in the forecast time period. 

By region, North America is projected to lead the global bile duct cancer drug market. Increased prevalence of bile duct cancer, a large number of ongoing research activities, the quicker and easy product approval process, rising number of awareness programs, and growing government and public-private investments in this region are the key factors driving this regional market. The U.S. and Canada are anticipated to nurture the demand for angiography devices, owing to the increased prevalence of bile duct cancer. The Asia Pacific bile duct cancer drug market is expected to grow at the highest CAGR over the forecast time period, owing to increasing cases of risk of liver fluke infections and growing awareness programs, conferences, and funding activities.

Some key players of the bile duct cancer drug market include Delcath Systems Inc., Accord Healthcare, F. Hoffmann-La Roche Ltd., Teva Pharmaceutical Industries Ltd., Bristol-Myers Squibb Company, Pfizer Inc., Eli Lilly and Company, Mylan N.V, Fresenius Kabi AG, Intercept Pharmaceuticals, Inc., and Celgene Corporation, among others.


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