SEATTLE, Nov. 30, 2021 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global bile duct cancer market is estimated to be valued at US$ 185.4 million in 2021 and is expected to exhibit a CAGR of 12.8% over the forecast period (2021-2028).
Key Trends and Analysis of the Global Bile Duct Cancer Market:
Key players operating in the market are focusing on the research and development in immunotherapy for the treatment of Cholangiocarcinoma, which is expected to offer a lucrative opportunity for the market players to launch their novel products in the market.
For instance, in September 2019, Merck Sharp & Dohme Corp, a pharmaceutical company, initiated the investigational clinical trial study on Pembrolizumab (immunotherapy) in combination with Gemcitabine/Cisplatin for the treatment bile duct cancer. The study is currently in Phase 3 clinical trials and is expected to be completed by August 2023.
Moreover, key players are focusing on inorganic strategies such as collaborations to conduct research and development in combination therapies for treatment of Cholangiocarcinoma. For instance, in January 2020, Sirnaomics Inc., a biopharmaceutical company, and Innovent Biologics, Inc., a biopharmaceutical company, announced the collaboration for research and development using Sirnaomics’ RNAi (RNA interference) drug candidate, STP705 (cotsiranib) and Innovent’s antibody drug Tyvyt (sintilimab injection), as a combination treatment in advanced cancers, such as Hepatocellular Carcinomas (HCC) and Cholangiocarcinoma (CCA).
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Key Market Takeaways:
The global bile duct cancer market is expected to exhibit a CAGR of 12.8% over the forecast period, owing to increasing research and development activities by pharmaceutical companies. For instance, in January 2020, Sirnaomics Inc., a biopharmaceutical company, and Innovent Biologics, Inc., a biopharmaceutical company, announced the collaboration for research and development using Sirnaomics’ RNAi drug candidate STP705 (cotsiranib) and Innovent’s antibody drug Tyvyt (sintilimab injection), as a combination treatment in advanced cancers such as Hepatocellular Carcinomas (HCC) and Cholangiocarcinoma (CCA) Thus, rising number of lead candidates in late phase clinical trial having the potential to gain regulatory approval in providing a robust opportunity for pharmaceutical manufacturers to launch novel drugs for the treatment of cholangiocarcinoma.
Moreover, the increasing product approvals is expected to drive the market growth over the forecast period. In December 2020, QED Therapeutics announced that the U.S. Food and Drug Administration accepted its new drug application for infigratinib to treat patients with FGFR-altered bile duct cancer.
Key players operating in the global bile duct cancer market include Incyte Corporation, Eisai Co., Ltd., QED Therapeutics, Inc., Agios Pharmaceuticals, Inc., RenovoRx, Ability Pharmaceuticals, Imbrium Therapeutics L.P. and Delcath Systems, Inc.
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Global Bile Duct Cancer market, By Treatment Type:
5 fluorouracil (5-FU)
Infigratinib (Phase 3)
Ivosidenib (Phase 3)
Pembrolizumab (Phase 3)
Global Bile Duct Cancer market, By Distribution Channel:
Global Bile Duct Cancer market, By Region:
Rest of Latin America
Rest of Europe
Rest of Asia Pacific
Rest of Middle East
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