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Growing Elderly Population
Growing elderly population worldwide can also drive the market growth. Bile duct cancer is predominantly a disease of older adults, with incidence rates sharply rising after age 70, demographic trends point towards a growing at-risk population base. Medical advancements have increased average lifespans of people globally. The expanding proportion of older persons especially in developed nations means that issues affecting the senior demographic, such as bile duct cancer, will correspondingly affect more individuals. Developing countries are witnessing their own aging transitions. This market driver underscores the necessity for continued progress in bile duct cancer treatments, diagnostic methods, and palliative care options to effectively serve the growing numbers of elderly patients worldwide who may develop this challenging form of cancer. Combined with better screening and early detection, the aging population can drive the market growth.
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