The companies operating in the non-muscle invasive bladder cancer market are working toward tapping the unexplored geographies to widen their consumer base. They are also looking forward to upgradation of existing courses of treatment for non-muscle cancer.
WILMINGTON, Del., July 29, 2024 /PRNewswire/ -- The global non-muscle invasive bladder cancer market [https://www.transparencymarketresearch.com/non-muscle-invasive-bladder-cancer-market.html] is poised for impressive growth. TMR speculates a whopping 21% CAGR for this ecosystem in the forthcoming decade. By the end of 2034, a market value of US$ 21.1 billion is projected for this industry. In 2023, the market was valued at US$ 2.6 billion.
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Non-muscle invasive bladder cancer (NMIBC) is referred to as cancer located in tissue lining the bladder's inner surface. The bladder muscle is not playing role over there. Bladder cancer is more prevalent in men as compared to women. It is also common with aging. It is generally seen in age group of 75-84.
Bladder is where body stores urine prior to leaving it. It is a hollow organ in pelvis with muscular, flexible walls. It can get smaller or bigger as per quantity of urine. Urine reaches the bladder through ureters. They push urine through a tube called urethra. Growing incidence of non-muscle invasive bladder cancer worldwide is thus driving the non-muscle invasive bladder cancer market.
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Bladder cancer is amongst the top 10 most prevalent cancers worldwide. Moreover, it has been reported that majority of newly diagnosed bladder cancer cases are non-muscle invasive bladder cancers (NMIBC). They are characterized by the cancer cells getting confined to the bladder's inner lining. The governments across the globe are extensively spending on intravesical anti-cancer therapies such as BCG (live attenuated bacteria meant for stimulating an immune response against the cancer cells) or chemotherapy.
Researchers are also investing in maintenance therapy, so that risk of recurrence can be reduced. Regular cystoscopies are also prescribed in order to monitor regarding recurrence. Additional treatments are initiated on detection of new tumors. Increase in healthcare spending by governments as mentioned above is thus expanding the non-muscle invasive bladder cancer market size.
Key Takeaways from the Market Study
-- The global non-muscle invasive bladder cancer market is slated to be
valued at US$ 3.1 billion in 2024.
-- From 2024 to 2034, the market for non-muscle invasive bladder cancer is
slated to grow 6.7x.
-- By treatment type, chemotherapy is expected to remain a prominent option
for patients.
-- Treatment for both low grade and high grade bladder cancers are expected
to remain elevated.
-- Hospital pharmacies are the primary sales points for availing
non-invasive muscle bladder cancer treatment drugs.
Key Drivers and Trends
-- Research states that bladder cancer is the 13(th) leading cause of
mortality due to cancer. Non-muscle invasive variants represent
three-fourth cases and have a higher recurrence rate.
-- As per the American Cancer Society, 83,190 new-fangled cases of bladder
cancer and 16,840 fatalities from bladder cancer have been recorded as
of now. It further states that 30% of bladder cancers spread to the
deeper layers of bladder wall but are only in bladder.
-- In the rest of the cases, cancer spreads to adjoining lymph
nodes/tissues outside the bladder. In 5% of cases, it spreads to the
distant parts of body on being located first. The need to combat
non-muscle invasive bladder cancer is thus contributing to non-muscle
invasive bladder cancer market growth.
Non-muscle Invasive Bladder Cancer Market Report Scope:
Report Coverage Details Forecast Period 2024-2034 Base Year 2020-2022 Size in 2023 US$ 2.6 Bn Forecast (Value) in 2034 US$ 21.1 Bn Growth Rate (CAGR) 21.4 % No. of Pages 165 Pages Segments covered By Treatment Type, By Cancer Type, By Distribution Channel, By Region
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Regional Profile
-- North America is projected to lead the non-invasive bladder cancer
treatment landscape in 2024 and the status quo is expected to remain
unchanged during the forecast period. This is attributed to availability
of technologically advanced therapeutic and diagnostic methods in the
U.S. and conducive reimbursement policies.
-- Asia Pacific's significant non-muscle invasive bladder cancer market
share is ascribed to rise in incidence of bladder cancer in countries
like China and increased accessibility to cutting-edge products and
treatments.
-- Europe's increasing demand for treatment of muscle invasive bladder
cancer is due to growing acceptance of minimally-invasive techniques,
rising awareness about early diagnosis and treatment, and increased R&D
efforts in this field.
Competitive Landscape
Key participants in the invasive bladder cancer landscape are engaging in inorganic modes of expansion to strengthen their position. For instance, In June 2022, Cipla inked a distribution agreement with Roche Products (India) Pvt. Ltd. in order to expand scope of partnership of including marketing as well as distribution of the latter's branded oncology drugs.
Leading Players offering Non-invasive Muscle Bladder Cancer Treatment
-- TARIS Biomedical LLC
-- Merck & Co. Inc.
-- Herantis Pharma Oyj
-- Viventia Bio Inc.
-- Telormedix SA
-- Ferring B.V.
-- Altor BioScience Corporation
-- Novartis AG
-- Pfizer Inc.
-- GSK plc
-- Sanofi S.A.
-- Eli Lilly and Company
-- AstraZeneca
Key Developments
-- In July 2022, AstraZeneca expanded its portfolio pertaining to
hematological cancers by completing acquisition of TeneTwo along with
its clinical stage T-cell engager.
Key Segments Profiled
Treatment Type
-- Immunotherapy
-- Chemotherapy
-- Targeted Therapy
Cancer Type
-- Low Grade Bladder Cancer
-- High Grade Bladder Cancer
End User
-- Hospital Pharmacies
-- Retail Pharmacies
-- Online Pharmacies
Region
-- North America
-- Europe
-- Asia Pacific
-- Latin America
-- Middle East & Africa
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