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Non-muscle Invasive Bladder Cancer Market to Reach US$ 21.1 Billion by 2034 with a Projected 21% CAGR | Exclusive Report by Transparency Market Research Inc.

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Transparency Market Research

29 Jul, 2024, 14:30 GMT

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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 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.

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.

Request a PDF Sample of this Report Now! https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86334 

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 13th 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

Unlock Growth Potential in Your Industry! Download PDF Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=86334 

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

Purchase the Report for Market-Driven Insights: https://www.transparencymarketresearch.com/checkout.php?rep_id=86334&ltype=S 

More Trending Report by Transparency Market Research:

  • Low Endotoxin Gelatin Market – The global Low Endotoxin Gelatin market , valued at USD 880.6 million in 2023, is projected to grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2034. This growth trajectory is expected to drive the market's value to approximately USD 1.7 billion by the end of 2034.
  • Lucid Dreaming Devices Market – In 2023, the global Lucid Dreaming Devices market was valued at USD 113.7 million. The market is anticipated to grow at a CAGR of 5.1% from 2024 to 2034, reaching an estimated USD 196.8 million by 2034.
  • Durable Medical Equipment Market – Durable Medical Equipment (DME) market, valued at USD 153.1 billion in 2018, is forecasted to grow at a CAGR of 6.2% from 2019 to 2027.
  • Healthcare Automation Market – The Healthcare Automation market, valued at USD 36.9 billion in 2020, is expected to grow at a robust CAGR of 8.4% from 2021 to 2028. By the end of 2028, the market is projected to exceed USD 88.9 billion.

About Transparency Market Research 

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

Contact:

Transparency Market Research Inc.

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Suite 1200, Wilmington, Delaware 19801 USA

Tel: +1-518-618-1030

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Website: https://www.transparencymarketresearch.com  

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