Market Size of Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Industry
Study Period | 2021 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2021 - 2022 |
CAGR | 5.20 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market Analysis
The Middle East and Africa kidney cancer therapeutics and diagnostics market is projected to grow at a CAGR of 5.2% over the forecast period.
The COVID-19 pandemic affected healthcare systems and resulted in the interruption of general care in many healthcare facilities. This situation exposed patients with cancer to significant risks. According to the study published in the Journal of Clinical Oncology in June 2022, patients with cancer were reported to be a vulnerable population that suffered from SARS-CoV-2 infection and the pandemic's impact on healthcare systems during the COVID-19 pandemic. There were significant negative implications for patients with kidney cancer when medical attention was diverted exclusively to COVID-19 patients. Thus, during the COVID-19 pandemic, the kidney cancer therapeutics and diagnostics market was severely impacted. Since restrictions were removed, the market has been recovering strongly. Over the past two years, a rise in hospital visits, the reopening of clinics, and the diagnostics lab have been driving the market recovery.
The market expected show rapid growth due to the rising number of kidney cancer cases in the region and the increasing R&D expenditure of pharmaceutical companies. Excessive smoking, an increase in obesity levels , and increased intake of alcohol are some of the causes of kidney cancer in the region. According to the study published in Urology Annals in March 2022, in Saudi Arabia, kidney tumor incidence and mortality account for 3.4% and 2.4% of the population, respectively, with males and the elderly being more affected. Renal cell carcinoma accounts for approximately 85% of all kidney tumors (RCC). Though the prevalence of kidney cancer cases in the region is less compared to the other region of the world, the incidence is still increasing during the recent years, due to lifestyle changes.
Moreover, various initiatives taken by the market players are likely to support the growth of the market. For instance, in March 2022, in the United Arab Emirates AstraZeneca pharmaceutical hosted a worldwide summit to help change the trajectory of cancer diagnosis, treatment, and cure.
Factors such as rising burden of kidney cancer and product launches by market players are expected to contribute to market growth over the forecast period in the Middle East and African region. However, the high cost associated with the treatment may restrain the market growth.
Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Industry Segmentation
As per the scope of the report, kidney cancer is a type of cancer that starts in kidney cells. Kidney cancer therapeutics and diagnostics involve therapy and diagnostics methods used to treat renal cancer. The Middle East and Africa, the Kidney Cancer therapeutics & diagnostics market, is segmented by cancer Type (Renal Cancer Carcinoma, Clear Cell Renal Cell Carcinoma, Papillary Renal Cell Carcinoma, and Others), Component (Drugs (Therapeutic Class, Pharmacologic Class), diagnostics (Biopsy, Imaging Tests, Others), and geography (Saudi Arabia, United Arab Emirates, South Africa, and Rest of Middle East and Africa). The report offers the value (in USD million) for the above segments.
By Cancer Type | |
Renal Cancer Carcinoma | |
Clear Cell Renal Cell Carcinoma | |
Papillary Renal Cell Carcinoma | |
Other Kidney Cancers |
By Component | |||||
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Geography | |
Saudi Arabia | |
United Arab Emirates | |
South Africa | |
Rest of Middle East and Africa |
Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market Size Summary
The Middle East and Africa kidney cancer therapeutics and diagnostics market is experiencing a recovery and is projected to grow steadily over the forecast period. The COVID-19 pandemic had a significant negative impact on the market, as healthcare systems were overwhelmed, leading to a diversion of medical attention away from cancer patients. This situation has since improved with the reopening of clinics and diagnostic labs, driving market recovery. The market is expected to expand due to the increasing incidence of kidney cancer, driven by factors such as smoking, obesity, and alcohol consumption. Despite the lower prevalence of kidney cancer compared to other regions, lifestyle changes have contributed to a rising incidence, particularly in countries like Saudi Arabia. The market is further supported by pharmaceutical companies' increased research and development expenditure and various initiatives by market players, such as global summits and partnerships aimed at improving cancer diagnosis and treatment.
South Africa is a key player in the region's kidney cancer therapeutics and diagnostics market, with a growing number of cases and product launches driving market growth. The aging population and increased R&D spending by pharmaceutical companies are also contributing factors. Strategic initiatives by major market players, including product launches and partnerships, are enhancing treatment accessibility and driving market expansion. The market is moderately competitive, with major companies like Abbott Laboratories, Bayer AG, and Bristol Myers Squibb Company leading the way. Recent advancements, such as successful cryoablation surgeries and exclusive collaborations for biosimilar supply, highlight the dynamic nature of the market. These developments are expected to further boost the demand for kidney cancer therapies and diagnostics in the region.
Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Rising Number of Kidney Cancer Cases
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1.2.2 Increased R&D Expenditure of Pharmaceutical Companies
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1.3 Market Restraints
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1.3.1 High Cost Associated with Treatment
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1.4 Porter's Five Force Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products
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1.4.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size by Value USD million)
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2.1 By Cancer Type
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2.1.1 Renal Cancer Carcinoma
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2.1.2 Clear Cell Renal Cell Carcinoma
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2.1.3 Papillary Renal Cell Carcinoma
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2.1.4 Other Kidney Cancers
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2.2 By Component
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2.2.1 Drugs
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2.2.1.1 Therapeutic Class
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2.2.1.2 Pharmacologic Class
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2.2.2 Diagnostics
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2.2.2.1 Biopsy
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2.2.2.2 Imaging Tests
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2.2.2.3 Others
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2.3 Geography
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2.3.1 Saudi Arabia
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2.3.2 United Arab Emirates
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2.3.3 South Africa
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2.3.4 Rest of Middle East and Africa
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Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market Size FAQs
What is the current Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market size?
The Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market is projected to register a CAGR of 5.20% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market?
Bayer AG, F. Hoffmann-La Roche, Bristol Myers Squibb Company, Abbott Laboratories and Amgen Inc. are the major companies operating in the Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market.
Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market Report Snapshots
- Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market Size
- Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market Share
- Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Market Trends
- Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Companies