Peritoneal cancer refers to cancer that originates from the peritoneum, which is the thin layer of tissue that lines the inner wall of the abdomen and covers organs within the abdominal cavity. Peritoneal cancer uses a variety of treatment options such as medication chemotherapy, surgery, and heat treatment. The main types of peritoneal cancer include appendiceal cancer, pseudomyxoma peritonei, and diffuse malignant peritoneal mesothelioma. Peritoneal cancer treatments include cytoreductive surgery, which involves surgically removing all visible cancer lesions from the peritoneal surface. It is often combined with hyperthermic intraperitoneal chemotherapy (HIPEC), which delivers high doses of chemotherapy directly into the abdominal cavity after surgery to kill any remaining microscopic cancer cells.



The Global peritoneal cancer therapeutics market is estimated to be valued at US$ 1.2 Bn in 2024 and is expected to exhibit a CAGR of 17.% over the forecast period 2024-2030.



Key Takeaways



Key players operating in the Peritoneal Cancer are Eli Lilly and Company, Novartis AG, Genentech, Sanofi, and Advaxis, Inc. Eli Lilly and Company and Novartis AG are among the leading players in the global peritoneal cancer market due to their strong product portfolio and global presence.



The rising prevalence of cancer types that can potentially metastasize to the peritoneum, such as ovarian, gastric, colon, and appendiceal cancers is fueling demand for treatments. Peritoneal carcinomatosis is estimated to occur in 10-15% of all cancers.



North America dominated the peritoneal cancer market in 2019 due to high screening rates, availability of advanced diagnostic techniques, and favorable reimbursement policies in the region. However, Asia Pacific is expected to witness the highest growth over the forecast period due to rising healthcare developments in countries such as China and India.



Market Drivers



The key driver fueling the growth of this market is the rising incidence rates of peritoneal cancer across the globe. According to the American Cancer Society, approximately 3,000 new cases of peritoneal cancer are diagnosed each year in the United States. Advances in early detection and treatment options are also expected to contribute to the growth of the peritoneal cancer market. Furthermore, increasing geriatric population who are at higher risk of developing various cancer types is expected to propel the demand for peritoneal cancer therapeutics over the forecast period.



The ongoing geopolitical uncertainties and conflicts across various regions are impacting the growth of the peritoneal cancer market. With rising military tensions and political instability, healthcare resources are getting diverted to address pressing issues. This is limiting the focus as well as investments towards cancer research and treatment innovations. Moreover, interruption in global supply chains is affecting the procurement of critical drugs and devices in this market.



North America currently dominates the peritoneal cancer market in terms of value, given the high acceptance of advanced treatment methods and vast resources allocated for cancer care. Additionally, presence of leading industry players in the US and Canada contributes to the largest market share. However, Asia Pacific is demonstrating the fastest growth and offers lucrative opportunities. This can be attributed to growing patient population, increasing healthcare spending, and improving diagnostic and therapeutic infrastructure across developing nations. China and India are emerging as hotspots due to their large base of peritoneal cancers diagnosed each year.



Europe holds the second spot in terms of revenue in the peritoneal cancer market. This performance is driven by favorable government initiatives to enhance cancer screening, widespread medical insurance, and rising awareness among citizens. Furthermore, collaborations between research institutes and industry for drug development initiatives are further strengthening Europe's position. On the other hand, the Middle East, Africa, and Latin America are projected to showcase moderate growth over the coming years. Restricted access to quality care in poorly developed countries acts as a key factor slowing down market expansion in these regions.



To summarize, political tensions dampening healthcare investments, disruptions in supply chains, and concentration of cases in Asia present significant challenges for peritoneal cancer market players. The focus has now shifted to adopting innovative and cost-effective strategies to reach untapped emerging population segments and ensure continuity of care. Emphasis on screening programs, affordability drives, collaborations for clinical trials are some of the highly relevant approaches that can help sustain growth momentum across diverse geographical landscapes in the long run.

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What Are The Key Data Covered In This Peritoneal Cancer Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Peritoneal Cancer's growth between 2024 and 2031.

:- Accurate calculation of the size of the Peritoneal Cancer and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Peritoneal Cancer Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Peritoneal Cancer vendors

About Author:

Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

*Note:

1. Source: Coherent Market Insights, Public sources, Desk research

2. We have leveraged AI tools to mine information and compile it