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(Medical-NewsWire.com, January 12, 2018 ) Global Kidney Cancer Diagnostics and Therapeutics Market was worth $3.11 billion in 2016 and estimated to be growing at a CAGR of 5.64%, to reach $4.09 billion by 2021.
Though there has been considerable development in science and technology to tackle cancer, it continues to threaten lives across the world.
Kidney cancer is one of the frequent urologic tumours accounting for around 3% of all human cancers. The frequency rate of renal cell carcinoma has increased gradually in the recent decades.
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The growth of the Global Kidney Cancer Diagnostics and Therapeutics Market is mainly driven by factors such as rising aging population, Changes in lifestyle such as increased intake of alcohol and disproportionate smoking, and government policies to provide better care for kidney Cancer. However, high costs of screening tests, minimal success rate in clinical trials, and poor availability of proper cancer care in the emerging regions are restraining the growth of the market.
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The Global Kidney Cancer Diagnostics and Therapeutics market is segmented based on Type and Tests. The market for Kidney Cancer Diagnostics and Therapeutics, on the basis of Type it is segmented into Transitional Cell Cancer, Renal cell carcinoma, Renal sarcoma, and Others. On the basis of Tests, the global Kidney Cancer Diagnostics and Therapeutics market is segmented into Biopsy, CT Scan, Cystoscopy, Intravenous pyelogram, Kidney Ultrasound. Biopsy and CT Scan lead the tests segment in the Global Kidney Cancer Diagnostics and Therapeutics market accounting for more than 50% of the market.
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The market has also been geographically segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America accounted for the largest share in the global Kidney Cancer Diagnostics and Therapeutics market followed by Asia-Pacific and Europe. The frequency of this disease was higher in developed countries than in developing nations due to lifestyle factors. However, The Asia-Pacific region is anticipated to increase at the highest CAGR during the forecast period due to factors such as low expense of drug production and the mounting patient base suffering from these diseases.
The major companies dominating the Kidney Cancer Diagnostics and Therapeutics market are GlaxoSmithKline, Bayer, Pfizer, Sanofi S.A, Hoffmann La Roche, Novartis, Abbott Laboratories.
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