Market Trends of Middle East and Africa Kidney Cancer Therapeutics & Diagnostics Industry
This section covers the major market trends shaping the MEA Kidney Cancer Therapeutics & Diagnostics Market according to our research experts:
Renal Cancer Carcinoma is Expected to Hold a Major Share in the Studied Market Over The Forecast Period.
Renal cell cancer (also known as kidney cancer or renal cell adenocarcinoma) is a condition in which malignant (cancer) cells are detected in the lining of the kidney's tubules (very small tubes). The different treatment options for people with RCC include surgery, immunotherapy, and targeted therapy.
Targeted therapy targets the changes in cancer cells that help them grow, divide, and spread. Some targeted therapies to treat clear cell renal carcinoma include using cabozantinib, axitinib, sunitinib, sorafenib, and pazopanib. According to GLOBOCAN 2020, the incidence of kidney cancer cases in Egypt has been recorded at 2,208, while five-year prevalence cases were 5,717. According to the same source, Nigeria's number of kidney cancer cases was 2,608 in 2020, with five-year prevalence cases of 5,472. The growing incidence of the early diagnosis and treatment of these cancers is boosting the segment's growth.
According to the study published in Cancer Management Research in February 2022, the reported prevalence of RCC was 0.7%. The most prevalent histological type was clear cell RCC (67.8%), followed by papillary RCC (15.6%). Thus, RCC is the highly prevalent histopathological condition in kidney cancer, and the growing burden of it is projected to boost the segment growth.
South Africa is Expected to Dominate the Studied Market Over the Forecast Period
South Africa dominates the kidney cancer therapeutics and diagnostics market. The major factor driving the growth is the increasing number of kidney cancer cases and product launches by the key market players. Other factors, such as increased R&D expenditure of pharmaceutical companies and increasing incidences of an aging population, are expected to lead to the growth of the market in the forecast period. For instance, as per the GLOBOCAN 2020, the estimated number of new kidney and renal pelvis cancer cases, including both sexes and all ages in 2020 was 1.33 thousand million in South Africa and the number is estimated to reach 2.07 thousand million by the year 2040. Therefore, such a high burden of kidney cancer in South Africa is anticipated to fuel the demand for cancer therapy, thereby fueling market growth.
Furthermore, various strategies adopted by the key market players such as product launches, mergers and acquisitions, and partnerships accelerate the growth of the market. For instance, in March 2021, Icon Oncology and Mediclinic Southern Africa reported one of the first-in-South Africa partnership that aims to deliver seamless one-stop oncology services at a new flagship treatment facility based at Mediclinic Constantiaberg in Cape Town. The establishment of such facilities is expected to increase accessibility to treatment and diagnosis and thus expected to drive the growth of the market in the country.
Thus, factors such as growing burden of kidney cancer and strategic initiatives by key market players is expected to market growth over the forecast period in South Africa.
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
