Cholangiocarcinoma Market, By Cancer Type [Extrahepatic Cholangiocarcinoma (Perihilar, Distal), Intrahepatic Cholangiocarcinoma], By Therapy Type [Targeted Drug Therapy (Pemigatinib, Ivosidenib, Futibatinib, Infigratinib), Chemotherapy (5-Fluorouracil, Gemcitabine, Cisplatin, Capecitabine, Oxaliplatin), Immunotherapy (Pembrolizumab, and Others), and Others (Pain Medications and Others)], By Route of Administration (Oral, Subcutaneous, and Intravenous), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and E-commerce), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Published In : Oct 2023

Code : CMI4435

Pages :156

Formats :

Excel and PDF

Industry : Pharmaceutical

Cholangiocarcinoma MarketSize and Trends

Global Cholangiocarcinoma market is estimated to be valued at US$ 423.2 Mn in 2023 and is expected to reach US$ 1,600.7 Mn by 2030, exhibiting a Compounded Annual Growth Rate (CAGR) of 20.9% during the forecast period (2023-2030).

Figure 1. Global Cholangiocarcinoma Market Share (%), By Therapy Type, 2023

Global Cholangiocarcinoma Market - Drivers

Increasing inorganic growth strategies: Key players operating in the market are focusing on inorganic growth strategies such as purchase agreements for cholangiocarcinoma treatment which is expected to drive the global cholangiocarcinoma market growth over the forecast period. For instance, in October 2022, Sagard Healthcare, a multi-strategy alternative asset management firm, announced the acquisition of Agios Pharmaceuticals, Inc’s (a pharmaceutical company), rights of TIBSOVO. TIBSOVO is an oral, targeted therapy approved by the U.S. Food and Drug Administration (FDA) for the treatment of adult patients with an isocitrate dehydrogenase-1 (IDH1) mutation with acute myeloid leukemia (AML) or cholangiocarcinoma (bile duct cancer).
Approvals of new drugs by regulatory authorities: Key market players are engaged in receiving approvals from regulatory authorities which is expected to drive the global cholangiocarcinoma market growth over the forecast period. For instance, in April 2020, Incyte, a biopharmaceutical company, announced that the U.S. FDA had approved Pemazyre (pemigatinib), a kinase inhibitor indicated for the treatment of adults with previously treated, unresectable locally advanced or metastatic cholangiocarcinoma with a FGFR2 fusion or other rearrangement detected by an FDA-approved test. Pemazyre was granted under accelerated approval based on overall response rate and duration of response (DOR) and is the first and only FDA-approved therapy for this indication.

Figure 2. Global Cholangiocarcinoma Market Share (%), By Region, 2023

Market- Trends

Increasing awareness about cholangiocarcinoma: Increasing awareness about cholangiocarcinoma is expected to drive the global cholangiocarcinoma market growth over the forecast period. For instance, in March 2022, The Pancare Foundation, a not-for-profit organization that raises awareness, supports families, and funds for research in upper gastrointestinal (GI) cancers, identified the month of February, global Gallbladder and Bile Duct Cancer awareness month, as an opportunity to begin its awareness campaign for biliary cancer in Australia. The initiatives include a new fellowship for research into biliary cancer, a new biliary cancer clinical trial, funding for a biliary cancer research program, and an animation detailing common symptoms of biliary cancer, aimed at improving awareness of biliary cancer in the general community.