May 21, 2024
Kidney Cancer Drugs Market

Kidney Cancer Drugs Market Propelled By Kidney Cancer Treatment Advancements

Kidney cancer drugs are medicines that help fight kidney cancer by stopping or slowing the growth and spread of cancer cells. Kidney cancer drugs include immunotherapy drugs, targeted therapy drugs, and chemotherapy drugs. The global Kidney Cancer Drugs Market is estimated to be valued at US$ 5.9 billion in 2023 and is expected to exhibit a CAGR of 9.7% over the forecast period 2024 to 2032, as highlighted in a new report published by Coherent Market Insights.

Market key Trends:

The increasing approvals of novel targeted therapy drugs for kidney cancer treatment is expected to contribute significantly to the growth of the global kidney cancer drugs market over the forecast period. The US FDA has approved several targeted therapy drugs such as Lenvima, Cabometyx, and Inlyta in recent years for renal cell carcinoma treatment. These drugs have significantly improved the treatment outcomes of kidney cancer and reduced the side effects associated with chemotherapy. Their increased availability is leading to rising adoption worldwide, thereby driving the kidney cancer drugs market growth.

SWOT Analysis

Strength: Drugs like pazopanib, sunitinib, axitinib and everolimus are effective treatment options for kidney cancer.
Weakness: Kidney cancer drugs have harsh side effects such as hair loss, nausea, vomiting, diarrhea etc. which impacts quality of life.
Opportunity: Rise in elderly population worldwide which is at high risk of developing kidney cancer creates market opportunity.
Threats: Patent expiry of blockbuster drugs impacts market revenue of companies. Stiff competition from emerging players providing generic versions.

Key Takeaways

The global Kidney Cancer Drugs Market Share is expected to witness high growth.

Regional analysis:

North America region currently dominates the market and is expected to continue its dominance during the forecast period. Increased incidence of kidney cancer, robust research initiatives for drug development, and availability of advanced healthcare facilities are some factors driving the North American market.A

Key players

operating in the kidney cancer drugs market are Pfizer, Novartis AG, Exelixis, Inc., Genentech, Eisai Co., Ltd., Bristol-Myers Squibb Company. Pfizer accounts for a major share in the global market with drugs like Inlyta and Sutent. Novartis holds significant share due to treatment options like Afinitor.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it