Esophageal Cancer Global Market Report 2024

Esophageal cancer is a form of cancer originating in the cells that line the esophagus, the muscular tube responsible for transporting food and liquids from the neck to the stomach. This malignancy occurs when abnormal cells within the esophagus undergo uncontrolled growth, leading to the development of cancer.

The primary classifications of esophageal cancer include esophageal squamous-cell carcinoma, esophageal adenocarcinoma, and other subtypes. Esophageal squamous-cell carcinoma specifically emerges from the squamous cells lining the esophagus. Treatment options encompass chemotherapy, targeted therapy, and various other approaches, which can be administered orally, parenterally, and through alternative methods. The distribution of treatment products occurs through channels such as hospital pharmacies, online pharmacies, and retail pharmacies, serving institutions such as hospitals, homecare services, specialty centers, and other healthcare facilities.

The esophageal cancer research report is one of a series of new reports from The Business Research Company that provides esophageal cancer market statistics, including the esophageal cancer industry's global market size, regional shares, competitors with a esophageal cancer market share, detailed esophageal cancer market segments, market trends and opportunities, and any further data you may need to thrive in the esophageal cancer industry. This esophageal cancer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry

The esophageal cancer market size has grown rapidly in recent years. It will grow from $1.25 billion in 2023 to $1.38 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historical period can be attributed to factors such as an increased incidence of cancer, advancements in healthcare infrastructure, a rise in alcohol consumption, an increased demand for preventive healthcare solutions, and a higher prevalence of esophageal adenocarcinoma.

The esophageal cancer market size is expected to see strong growth in the next few years. It will grow to $1.94 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the forecast period can be attributed to factors such as the increasing prevalence of esophageal cancer, greater public awareness of healthcare, enhancements in healthcare infrastructure, persistent tobacco and alcohol consumption, and a rising incidence of esophageal adenocarcinoma. Prominent trends expected in the forecast period encompass advancements in treatment technologies, augmented investment in research and development, a growing embrace of precision medicine, the formulation of targeted therapies, heightened involvement in clinical trials, and increased collaborations among academia, pharmaceutical companies, and healthcare institutions.

Anticipated growth in the esophageal cancer market is expected due to an increase in esophageal cancer cases. Esophageal cancer, a malignant condition impacting the tube connecting the throat to the stomach, prompts a higher demand for diagnostic procedures such as endoscopy, imaging tests, and biopsies as its incidence rises. For example, data from February 2023 indicates that the incidence rate of esophageal adenocarcinoma is projected to increase by 82% from 2.12 per 100,000 persons in 2021 to 3.86 per 100,000 persons in 2040, with a yearly growth rate of 3.2%. Therefore, the rising occurrence of esophageal cancer is expected to be a driving factor in the growth of the esophageal cancer market.

Increased consumption of alcohol is also anticipated to fuel the growth of the esophageal cancer market. Alcohol consumption involves ingesting beverages containing ethanol, which metabolizes into acetaldehyde, a known carcinogen that can damage DNA in esophageal cells. Chronic alcohol consumption can lead to inflammation and irritation in the esophageal lining, creating a conducive environment for cancer development. Notably, in November 2023, data from the Substance Abuse and Mental Health Services Administration (SAMHSA) revealed a rise in alcohol consumption among the 133.1 million current alcohol users aged 12 or older in the United States in 2021. Of these, 25.8 percent reported binge drinking in the past month, and 6.3 percent reported heavy alcohol use during the same period. Moreover, 14.4 million individuals aged 12 or older experienced an alcohol use disorder in the past year, constituting 5.3 percent of people in this age group. Consequently, high alcohol consumption is expected to contribute to the growth of the esophageal cancer market.

The approval of new drugs stands out as a significant trend gaining traction in the esophageal cancer market. Major companies within the esophageal cancer market are directing their efforts towards securing approvals for new drugs, a strategy aimed at enhancing their market position and gaining a competitive edge. An illustrative example is Bristol Myers Squibb, a US-based pharmaceutical company, which obtained approval from the U.S. Food and Drug Administration (FDA) in May 2022 for two of its products such as Opdivo (nivolumab) and Opdivo plus Yervoy (ipilimumab). These products, primarily designed for individuals with advanced or metastatic esophageal squamous cell carcinoma (ESCC), received authorization based on favorable outcomes observed in Phase 3 clinical trials, demonstrating improved overall survival rates among treated patients.

A focus on precision medicine is also evident among major companies operating in the esophageal cancer market, as reflected in product launches. Precision medicine represents an innovative approach to medical treatment that tailors interventions based on individual patients' unique genetic, environmental, and lifestyle characteristics. Previse, a US-based biotechnology company, launched Esopredict in March 2023-a precision medicine solution empowering gastroenterologists to tailor approaches effectively for managing the risk of future cancer diagnoses. Esopredict utilizes The Esoscore derived from Barrett's esophagus cells to offer timely and accurate 5-year risk predictions for esophageal cancer. This groundbreaking product addresses an essential medical need by aiding healthcare providers in identifying patients at risk of progressing to high-grade dysplasia or esophageal cancer, thereby revolutionizing treatment approaches and significantly impacting the esophageal cancer market.

In January 2023, ProPhase Labs, Inc., a US-based next-generation biotech, genomics, and diagnostics company, acquired the rights to the BE-Smart Esophageal Pre-Cancer Diagnostic Screening Test from Stella Diagnostics, Inc. This strategic move positions ProPhase Labs to facilitate healthcare providers in promptly initiating life-saving early treatment measures, such as ablation procedures to eliminate precancerous cells. Stella Diagnostics, Inc., a US-based molecular diagnostics organization, focuses on enhancing patient management strategies.

Major companies operating in the esophageal cancer market report are Pfizer Inc., Johnson & Johnson, F. Hoffmann-La Roche Ltd., Merck & Co. Inc, AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A, Bristol-Myers Squibb Company, AstraZeneca PLC, GlaxoSmithKline Plc., Takeda Pharmaceutical Company Limited, Eli Lilly and Co Ltd., Boehringer Ingelheim International GmbH, Gilead Sciences Inc., Amgen Inc., Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Daiichi Sankyo Company Limited, Servier Pharmaceuticals, Eisai Co. Ltd., Sun Pharmaceutical Industries Limited, Otsuka Pharmaceutical Co. Ltd., Ipsen SA, Dr. Reddy's Laboratories Ltd., Seagen Inc., Exelixis Inc., BeiGene Ltd., Clovis Oncology Inc., Aslan Pharmaceuticals Ltd.

North America was the largest region in the esophageal cancer market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the esophageal cancer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the esophageal cancer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The esophageal cancer market consists of revenues earned by entities by providing esophageal cancer treatment services such as esophagectomy, palliative care, and brachytherapy. The market value includes the value of related goods sold by the service provider or included within the service offering. The esophageal cancer market consists of sales of fluorouracil, capecitabine, cisplatin, epirubicin, and docetaxel. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Esophageal Cancer Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on esophageal cancer market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for esophageal cancer ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The esophageal cancer market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Esophageal Squamous-Cell Carcinoma; Esophageal Adenocarcinoma; Other Types
• 2) By Treatment Type: Chemotherapy; Targeted Therapy; Other Treatment Types
• 3) By Route Of Administration: Oral; Parenteral; Other Routes Of Administration
• 4) By Distribution Channel: Hospital Pharmacy; Online Pharmacy; Retail Pharmacy
• 5) By End Users: Hospitals; Homecare; Specialty Centers; Other End Users
• Companies Mentioned: Pfizer Inc.; Johnson & Johnson; F. Hoffmann-La Roche Ltd.; Merck & Co. Inc; AbbVie Inc.
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.