North America Bladder Cancer Therapeutics and Diagnostics Market Size (2024 - 2029)

North America Bladder Cancer Therapeutics And Diagnostics Market Analysis

North America bladder cancer therapeutics and diagnostics market is expected to register a CAGR of 5% over the forecast period.

• The COVID-19 pandemic significantly impacted the North American bladder cancer therapeutics and diagnostics market. For instance, as per the updates from American Urological Association's May 2022, during the peak of the COVID-19 pandemic, more than a quarter of patients with bladder cancer experienced care delays in the United States. 76,984 (27.2%) patients reported that their treatment was changed, delayed, or canceled due to the pandemic, including bladder cancer (27.5%).
• As a result of the pandemic, the market for bladder cancer therapeutics and diagnostics has been significantly impacted. However, the sector has been recovering since restrictions were lifted, resulting in the return of the normal pre-pandemic demand levels for therapeutic and diagnostic procedures. Thus, the North American bladder cancer therapeutics and diagnostics market is expected to grow over the forecast period.
• Factors driving the market growth include increasing awareness of bladder diseases and available therapies, an increase in the burden of bladder cancer, and innovations in drug development. For instance, as per the American Cancer Society's report of 2023, about 82.3 thousand cases of bladder cancer are expected to be reported in the United States in 2023 (62.4 thousand in men and 19.9 thousand in women).
• Furthermore, a study published by MDPI in January 2023 stated that a general hospital in Mexico reported a median age at diagnosis of bladder cancer is 62.5 years with a predominance of male patients. Furthermore, it also stated that a prevalence of 36% of cases was reported for patients with muscle-invasive bladder cancer (MIBC). Hence, with the growing burden of bladder cancer, the demand for its diagnosis and treatment is expected to increase, thereby boosting the market growth.
• Additionally, various strategies adopted by the key market players, such as product launches and mergers and acquisitions, are anticipated to drive the market over the forecast period. For instance, in August 2021, Merck's anti-PD-1 therapy, KEYTRUDA, was approved for treating patients with locally advanced or metastatic urothelial carcinoma eligible for platinum-containing chemotherapy in the United States.
• Additionally, in December 2022, Astellas Pharma Inc., Seagen Inc., and Merck reported that the U.S. FDA had accepted priority review supplemental Biologics License Applications (sBLAs) for PADCEV (enfortumab vedotin-ejfv) and KEYTRUDA (pembrolizumab) for the use of these two agents in combination for the treatment of patients with locally advanced or metastatic urothelial cancer (la/mUC) who are not eligible to receive cisplatin-containing chemotherapy.
• Therefore, the factors mentioned above are collectively attributed to the growth of the studied market growth over the forecast period. However, the rise in the number of patent expirations and the asymptomatic nature of the disease are the major factors restraining the market's growth.

North America Bladder Cancer Therapeutics And Diagnostics Industry Segmentation

As per the scope of the report, bladder cancer arises from the epithelial lining of the urinary bladder. It is the ninth most common cancer worldwide, with the highest recurrence rate of any malignancy. Over the past ten years, bladder cancer has gradually developed, with a massive void of unmet needs.

The North America bladder cancer therapeutics and diagnostics market is segmented by product (therapeutics (chemotherapy, immunotherapy, and other therapeutics), and diagnostics (cystoscopy, bladder ultrasound, urinalysis, and other diagnostics)), cancer type (transitional cell bladder cancer, squamous cell bladder cancer, and other cancer types), and geography (United States, Canada, and Mexico).

The report offers the value (in USD) for the above segments.