Canada Liver Cancer Therapeutics Market Analysis

Canada Liver Cancer Therapeutics Market Analysis


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Canada's liver cancer therapeutics market is likely to grow at a CAGR of 17.6% from a market size of $234 Mn in 2022 to $857 Mn in 2030. The increase in awareness among the people regarding the disease and the increasing prevalence of the disease drives the market growth This report is segmented by treatment, type, equipment, route of administration, and the end user. Some key players in this market include Bayer, Bristol-Myers & Squibb, Pfizer, Merck, Roche, Eli Lilly, and others.

ID: IN10CAPH039 CATEGORY: Pharmaceuticals GEOGRAPHY: Canada AUTHOR: Dhruv Joshi

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Canada Liver Cancer Therapeutics Market executive summary

The Canada Liver Cancer Therapeutics market size is at around $234 Mn in 2022 and is projected to reach $857 Mn in 2030, exhibiting a CAGR of 17.6% during the forecast period 2022-2030. Canada is one of the biggest nations in the world and the biggest in the western hemisphere. It has a robust free-market economy with a wide range of businesses, from small owner-managed businesses to large international organizations. One of the main causes of death is liver cancer. In Canada, there are more new cases of liver cancer. Corresponding to this, from the middle of the 1990s, liver cancer fatality rates have considerably climbed. Hepatocellular carcinoma (HCC), which accounts for more than 80% of liver cancer cases, is the fourth most frequent cancer fatality worldwide. In contrast to Africa, Southeast Asia, and China, where it may account for up to 50% of tumors, liver cancer accounts for less than 1% of all cancers in North America. This geographical disparity may be explained by the high prevalence (the number of persons affected by the disease) of cirrhosis and hepatitis B virus infection in certain regions.

According to projections, in 2022: Liver cancer will be discovered in 3,500 Canadians. Liver cancer will take the lives of 1,650 Canadians. 1,350 men will pass away from liver cancer, which will affect 2,700 males. Liver cancer will be found in 840 women, and it will take the lives of 340 of them. Depending on the type of liver cancer diagnosed and the stage at which it is discovered, the prognosis varies greatly. Estimated liver cancer survival rates after five years are around 19 percent. The risk of each of the numerous kinds of liver cancer varies. Hepatocellular carcinoma is the most frequent kind, followed closely by cholangiocarcinoma. Early diagnosis of liver cancer can boost a patient's chance of survival, however, due to the absence of reliable diagnostic procedures, patients are frequently identified at advanced stages of the disease or after cancer has spread to other body organs.

canada liver caner therapeutics market analysis

Market Dynamics

Market Growth Drivers

The rising incidence of liver cancer, increased investments in research & development for the creation of novel medicines, and government programs to raise cancer awareness are the main drivers influencing the market growth. In 2021/22, roughly 4% of the money invested by the TFRI (Terry Fox Research Institute) supported liver cancer research. This added up to a total investment of $559,000. Any sort of alcohol consumption raises the risk of colorectal, head and neck, stomach, pancreatic, and liver cancers. According to the ComPARe study, which was supported by the Canadian Cancer Society, if more Canadians reduced their alcohol consumption, 44,300 cancer cases could be avoided by 2042. The global market for liver cancer treatments is driven by an aging population, unmet medical needs for treating liver cancer, cancer-related medicinal discoveries, expanding government initiatives, an increase in cancer cases, and rising healthcare costs.

Market Restraints

When cancer cells are treated with a high dose of medications, the tumor cells are destroyed and the normal body cells are more severely damaged. Many people experience a variety of adverse effects as a result, including gastrointestinal issues, hair loss, exhaustion, skin issues, etc. As a result, severe side effects related to oncology medications are hurting the development of the global market for pharmaceuticals to treat liver cancer. Another thing preventing the market from expanding is the regulatory agencies' stringent rules on clinical research.

Competitive Landscape

Key Players

  • Bayer
  • Bristol-Myers & Squibb Company
  • Pfizer
  • Merck
  • Roche
  • Eli Lilly
  • Eisai
  • Sanofi

Healthcare Policies and Regulatory Landscape

The regulation of payments for medicines, and medical devices in Canada is the responsibility of the national, provincial, and private sectors. Under the Health Act, any necessary pharmaceutical therapy provided in a hospital setting in Canada is safeguarded and funded by the government. Several programs provided by the Canadian government might assist you in meeting your financial obligations when you or a loved one battle cancer. The Canadian Cancer Society collaborates with the government to implement beneficial public policies that will help people live healthier lives and avoid cancer.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Liver Cancer Therapeutics Segmentation

By Type (Revenue, USD Billion):

  • Hepatocellular Carcinoma
  • Cholangio Carcinoma
  • Hepatoblastoma
  • Other Types

By Treatment (Revenue, USD Billion):

  • Chemotherapy
  • Immunotherapy
  • Targeted Therapy
  • Radiation Therapy
  • Ablation Therapy
  • Embolization Therapy

By Equipment (Revenue, USD Billion):

  • Computed Radiography
  • MRI
  • Sonography
  • Others

By Route of Administration (Revenue, USD Billion):

  • Oral
  • Intravenous

By End User (Revenue, USD Billion):

  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 27 March 2023
Updated by: Ritu Baliya

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