Urinary Tract Cancer Market: Current Analysis and Forecast (2022-2028)

The global urinary tract cancer market is expected to grow at a significant rate of around 18% during the forecast period. Urinary tract cancer is a type of cancer that affects the urethra, bladder, and renal pelvic. In the therapeutic treatment of various types of cancers related to the urinary tract, including bladder cancer, ureteric cancer, renal pelvic cancer, and urethral cancer, the solutions provided by pharmaceutical players and manufacturers in the global urinary tract cancer market are utilized.

The global urinary tract cancer market is being propelled forward by an increase in the incidence of bladder cancer, an increase in private and public funding for the construction of research centers, an increase in the elderly population, and an increase in research and development activities in the healthcare industry. The tenth most common type of cancer worldwide is bladder cancer. For instance, in 2021, approximately 83,730 Americans were diagnosed with bladder cancer, according to the American Cancer Society.

F. Hoffmann-La Roche, AstraZeneca plc, Bristol-Myers Squibb, Merck & Co Inc., Johnson & Johnson, Eli Lilly and Co., GlaxoSmithKline plc, Novartis International AG, Pfizer Inc., Sanofi, and Astellas Pharma Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report:

"Amongst treatment type, immunotherapy category to witness robust CAGR during the forecast period"

Based on treatment type, the market is segmented into chemotherapy and immunotherapy. Among them, the chemotherapy category is to witness a higher CAGR during the forecast period. Chemotherapy may help relieve signs and symptoms of cancer by killing some of the cancer cells. In addition, clinical trials have shown that patients with invasive bladder cancer who receive intravenous chemotherapy prior to a radical cystectomy have a better chance of survival. For instance, according to the American Cancer Society, in the United States, there are estimated to be 829,620 survivors of urinary bladder cancer, and an additional 80,470 cases were diagnosed in 2019 and more than 70% of patients with bladder cancer are diagnosed with non-muscle-invasive disease.

"Amongst distribution channel, the retail pharmacy to hold a significant share in the market in 2020"

On the basis of distribution channel, the market is categorized into the retail pharmacy and online pharmacy. Among these, retail pharmacy to hold a significant share of the market in 2020. This is mainly due to the rise in the prevalence of cancer, the surge in demand for the prescribed drug, and the increase in the drug approved for the treatment of cancer. However, the online pharmacy segment is also witnessing significant growth during the forecast period owing to the growing demand for monitoring services and advancements in the technology in the medical sector

"North America to hold a significant share in the market"

For a better understanding of the market adoption of the urinary tract cancer treatment industry, the market is analyzed based on its worldwide presence in the countries such as North America (U.S., Canada, Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America is anticipated to grow at a substantial CAGR during the forecast period. This is mainly due to the growing healthcare spending in the region, an increase in the prevalence of bladder cancer, the presence of numerous well-established industry players, and the availability of cutting-edge and strong cancer treatment solutions in regional healthcare infrastructures and facilities are the major key factor which will boost the growth of the market during the forecast period.

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Deep dive regional level analysis of the industry.

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