The size of the Uterine Cancer Therapeutics Market in Latin America is expected to worth USD 2.31 billion by 2027 and USD 1.74 billion in 2022, growing at a CAGR of 5.89% during the forecast period.
Uterine cancer is a type of cancer of the female reproductive system that starts in the uterus lining. According to the American Cancer Society, about 47,130 new instances of endometrial cancer were identified in 2012, with 8,010 people suffering from it. According to the American Association for Cancer Research, endometrial carcinoma is a common disease worldwide, but uterine sarcoma is rare cancer. Endometrial carcinomas account for around 68 percent of uterine cancers, according to the CDC.
The Latin American Uterine Cancer Therapeutics Market is expected to witness a significant CAGR due to increasing awareness among the people in the region regarding the uterine cancer and rising healthcare expenditure. Also, growing advancements in cancer screening & treatment methods and a rising number of newly diagnosed uterine cancer cases drive the growth of the Latin American Uterine Cancer Therapeutics market.
In addition, the government rising focus on providing suitable healthcare solutions and increasing developments in the molecular diagnostics industry to enable target-specific medicines are projected to drive market growth. As a result, both physicians and health care professionals are becoming more aware of the frequency of uterine cancer and are learning more about the therapies available to treat these diseases, which is expected to impact the market growth positively. Further, increasing in urban healthcare spending and government initiatives to enhance healthcare infrastructure, advancements in medical innovation, and new uterine cancer medicines encourage people to invest in proper treatment.
Furthermore, the further expansion of the Latin America market is being fuelled by rapid diagnostic technology advancements and faster acceptance of new technologies in the countries such as Mexico and Brazil. growing advances in cancer screening & treatment methods, besides raising awareness among patients, further stimulates the global Uterine Cancer Therapeutics market.
However, the low success rate of cancer drug clinical trials, expensive treatment techniques, adverse side effects, and high toxicity of these drugs are all expected to hinder Latin American market growth in uterine cancer therapeutics.
This research report on the Latin American Uterine Cancer Therapeutics Market is segmented & sub-segmented into the following categories:
The Latin America Uterine Cancer Therapeutics Market is estimated to grow at a promising rate during the forecast period. The market growth in this region is primarily driven by Increasing cases of women being diagnosed with uterine cancer throughout the region and growing in the importance of targeted drug therapies. Also, an increase in risk factors leading to cancer and increasing investment from government, public & private organizations for developing novel drugs to treat cancer also acts as a market driver in the Latin American Uterine Cancer Therapeutics. The Latin American market growth is driven due to the government and the healthcare providers; it has been indicated that the market will grow rapidly over the forecast period. In addition, developing countries such as Mexico and Brazil contribute to the development of regional cancer centers. Moreover, the initiatives taken by the government for creating cancer awareness programs are positively impacting the market growth in the region.
KEY MARKET PLAYERS:
A few of the promising companies in the Latin American Uterine Cancer Therapeutics market profiled in this report are Abbott Laboratories, Ariad Pharmaceuticals, Inc., Becton, Dickinson and Company, F. Hoffmann-La Roche AG, GlaxoSmithKline Plc, Merck & Co., Inc., Novartis AG, Sanofi, Siemens Healthcare GmbH and Takeda Pharmaceutical Company Ltd.
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