The 7 major esophageal cancer markets reached a value of US$ 9.0 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 16.5 Billion by 2034, exhibiting a growth rate (CAGR) of 5.71% during 2024-2034.
Report Attribute
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Key Statistics
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---|---|
Base Year |
2023
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Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 9.0 Billion |
Market Forecast in 2034
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US$ 16.5 Billion |
Market Growth Rate 2024-2034
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5.71% |
The esophageal cancer market has been comprehensively analyzed in IMARC's new report titled "Esophageal Cancer Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Esophageal cancer refers to a type of cancer that develops in the cells of the esophagus, the muscular tube that carries liquid and food from the throat to the stomach. There are mainly two types of esophageal cancer: squamous cell carcinoma and adenocarcinoma. The former originates in the flat cells that line the esophagus, while the latter develops in the glandular cells that produce mucus in the lower portion of the esophagus. The most common symptom of the disorder is difficulty in swallowing, which can progress to a sensation of food being stuck in the throat. Other symptoms include pain or discomfort in the chest or back, unintentional weight loss, persistent coughing or hoarseness, heartburn or acid reflux, vomiting, regurgitation of food or liquid, chronic hiccups, etc. The diagnosis of esophageal cancer typically involves a combination of several tests and procedures. Various imaging tests, such as a barium swallow, CT scan, PET scan, etc., are used to visualize the esophagus and look for signs of cancerous cells. A biopsy, in which a small tissue sample is removed from the esophagus and examined under a microscope, is usually needed to confirm the diagnosis. Additionally, an endoscopy or laparoscopy may also be performed, depending on the location and size of the tumor, to help guide the biopsy or obtain additional tissue samples.
The increasing cases of chronic inflammation of the esophagus, which can result from gastroesophageal reflux disease (GERD), are primarily driving the esophageal cancer market. Furthermore, the rising prevalence of several associated risk factors, such as tobacco use, heavy alcohol consumption, obesity, certain medical conditions like achalasia, etc., is also propelling the market. In addition to this, the inflating utilization of endoscopic imaging techniques, including narrow-band imaging (NBI) and confocal laser endomicroscopy (CLE), for diagnosing esophageal cancer is creating a positive outlook for the market. These approaches use high-resolution images to detect abnormalities in the esophageal lining and can help in guiding biopsy sampling. Moreover, the widespread adoption of neoadjuvant therapy on account of its numerous benefits, such as the increased chance of complete tumor removal and decreased risk of disease recurrence, is further bolstering the market growth. Apart from this, the emerging popularity of multimodal approaches, which involve combining different treatment modalities, including chemotherapy, radiation therapy, surgery, etc., to improve outcomes for patients with esophageal cancer, is acting as another significant growth-inducing factor. Additionally, the rising adoption of immunotherapy, which involves using the body's immune system to fight cancer, for treating certain cases of esophageal cancer caused by specific genetic mutations, is also augmenting the market growth. Besides this, the escalating usage of minimally invasive surgeries, such as endoscopic resection, since they can reduce the risk of complications and speed up recovery time compared to traditional open procedures, is expected to drive the esophageal cancer market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the esophageal cancer market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for esophageal cancer and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the esophageal cancer market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current esophageal cancer marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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Keytruda (Pembrolizumab) | Merck & Co |
Opdivo (Nivolumab) | Bristol-Myers Squibb/Ono Pharmaceuticals |
Photofrin (Porfimer sodium) | Pinnacle Biologics |
Tiragolumab | Genentech |
Atezolizumab | Genentech |
Zanidatamab | Zymeworks |
Ramucirumab | Eli Lilly and Company |
Tislelizumab | BeiGene |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Esophageal Cancer: Current Treatment Scenario, Marketed Drugs and Emerging Therapies