Biliary Tract Cancers Treatment Market is expected to reach US$ 4.74 Billion by 2033

The global Biliary Tract Cancers (BTCs) treatment market is expected to witness steady growth in the coming years, according to a new report published by a leading market research firm. The report provides insights into the current market scenario, trends, drivers, challenges, and opportunities in the BTCs treatment market. Future Market Insights projects the global Biliary Tract Cancers (BTCs) Treatment market to grow at a compound annual growth rate (CAGR) of 4% from 2023 to 2033.

BTCs are a group of rare and aggressive cancers that affect the biliary system, which includes the bile ducts, gallbladder, and liver. These cancers are often diagnosed at an advanced stage, making treatment challenging. However, recent advancements in diagnosis and treatment have improved the survival rates of patients with BTCs.

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According to the American Cancer Society, there were an estimated 12,000 new cases of BTCs in the United States in 2020. Additionally, the increasing adoption of minimally invasive procedures for the treatment of BTCs is also expected to drive market growth. The high cost of treatment and the lack of awareness among patients and healthcare providers about BTCs are some of the major challenges. However, the report suggests that government initiatives to raise awareness about BTCs and provide funding for research and development are expected to overcome these challenges in the coming years.

Key Takeaways from the Market Study

• The market for treatments for biliary tract cancers (BTCs) expanded at a CAGR of 3% from 2018 to 2022.
• Between 2023 and 2033, the market for biliary tract cancers (BTCs) treatment is anticipated to expand at a 4% CAGR.
• The market for treating biliary tract cancers (BTCs) is anticipated to reach US$ 4.74 billion by 2033.
• The injectable market share is the greatest, according to the Future Market Insights research.
• In the market for biliary tract cancers (BTCs) treatments, North America is anticipated to hold a 40% market share.
• The East & South Asia market is predicted to increase significantly throughout the forecast period, with a share of 20% during the forecast period. 

“A series of international level collaborations involving healthcare stakeholders across various institutional settings are fueling further clinical trials and research studies dedicated to discovering Biliary Tract Cancers (BTCs) Treatment.” says an FMI analyst

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Market Competition

Key players in the market include companies such as Incyte Corporation, Loxo Oncology, Bayer, Roche, Genentech, Agios Pharmaceuticals, Servier Pharmaceuticals, Merck Sharp & Dohme, AstraZeneca, Taiho Oncology, Delcath Systems, Eisai, TransThera Sciences (Nanjing), Basilea Pharmaceutica, Zymeworks, and BeiGene, along with healthcare providers and technology companies among other global players.

• In September 2022, Durvalumab (Imfinzi, AstraZeneca UK Limited) was granted approval by the Food and Drug Administration on September 2, 2022 for treating adult patients with locally advanced or metastatic biliary tract cancer (BTC) in combination with gemcitabine and cisplatin. In the TOPAZ-1 (NCT03875235) trial, which was a randomized, double-blind, placebo-controlled, multiregional study, the efficacy of the treatment was evaluated. The trial enrolled 685 patients who had histologically confirmed locally advanced unresectable or metastatic BTC and who had not previously undergone systemic therapy for advanced disease.

The demographics of the trial showed that 56% were Asian, 37% were White, 2% were Black, and 4% were of other races, while 7% were Hispanic or Latino. In terms of gender, 50% were male and 50% were female, with a median age of 64 years (ranging from 20-85). 47% of the participants were 65 years or older. In the trial, 56% of patients had intrahepatic cholangiocarcinoma, 25% had gallbladder cancer, and 19% had extrahepatic cholangiocarcinoma.

More Insights Available

FMI, in its new offering, presents an unbiased analysis of the global Biliary Tract Cancers (BTCs) Treatment market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

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Key Segments Profiled in the Biliary Tract Cancers (BTCs) Treatment Industry Survey

Drug Class:

• Durvalumab
• Zanidatamab
• Ramucirumab

Route of Administration:

• Inhalation
• Intravenous
• Intranasal
• Subcutaneous
• Oral
• Parenteral

Molecule type:

• Antibody
• Antisense oligonucleotides
• Immunotherapy
• Monoclonal antibody
• Peptides
• Protein
• Small molecule
• Stem Cell

Product Type:

• Mono
• Combination
• Mono/Combination

About the Healthcare Division at Future Market Insights

The healthcare team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.

About Future Market Insights (FMI)

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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