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Ovarian Cancer Diagnostics and Therapeutics Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023-2028)

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  • 115 Pages
  • April 2023
  • Region: Global
  • Mordor Intelligence
  • ID: 4591668
The ovarian cancer diagnostics and therapeutics market is projected to register a CAGR of 9.5% during the forecast period.

The COVID-19 pandemic affected healthcare systems globally and resulted in the interruption of usual care in many healthcare facilities, exposing vulnerable patients with cancer to significant risks. A study from ESMO Journal published in May 2021 conducted a survey in which a total of 356 centers from 54 countries across six continents participated. These centers serve 716,979 new patients with cancer every year. Most of them (88.2%) reported facing challenges in delivering care during the pandemic. Although 55.34% reduced services as part of a preemptive strategy, other common reasons included an overwhelmed system (19.94%), lack of personal protective equipment (19.10%), staff shortage (17.98%), and restricted access to medications (9.83%). Hence, the data suggest that the pandemic impacted cancer care across the world severely. However, currently, the market has reached its pre-pandemic nature in terms of demand for diagnostics and therapeutics, and it is expected to witness strong growth in the coming years.

Factors such as increasing ovarian cancer cases across the world and the use of combination therapies for the treatment of ovarian cancer are expected to drive the growth of the market.

The data published by the American Cancer Society in January 2022 mentioned that ovarian cancer was the seventh most common cancer among women globally, and 4.4% of entire cancer-related mortality among women is attributed to ovarian cancer. Thus, the increasing number of cases of ovarian cancer among the population is driving the growth of the ovarian cancer diagnostics and therapeutics market.

Similarly, in March 2022, the American Cancer Society reported that the five-year survival rate for ovarian cancer with early-stage 1 detection is around 93% and that most new cases of ovarian cancer are diagnosed at stage 3 or later, leaving little time and scope for proper treatment. However, with the increasing burden of cancer globally, people in developed countries are becoming more concerned about the disease, which is increasing the diagnosis volume and contributing to market growth. Additionally, the innovative launches by the market players are expected to drive the growth of the market. For instance, in May 2022, Inex Innovate launched the Ovarian Cancer detection test, OvaCis Rapid test, in the Southeast Asian markets.

Thus, the above-mentioned factors are expected to drive the growth of the market during the forecast period. However, the lack of awareness in emerging and low-income countries is expected to limit growth.

Key Market Trends

CT Scan Segment is Expected to Show Better Growth Over the Forecast Period

Computed Tomography (CT) is an imaging procedure that uses special X-ray equipment to create detailed pictures, or scans, of areas inside the body. It is also called computerized tomography and computerized axial tomography (CAT). This equipment helps to see larger tumors and if the tumor is growing into nearby structures. It also helps to find enlarged lymph nodes, signs of cancer spreading to the liver or other organs, or signs that an ovarian tumor is affecting the kidneys or bladder. With such a high significance of CT scans, there is a growing demand for CT procedures to diagnose ovarian cancer, which is augmenting segment growth.

The increased sensitivity offered by this equipment is one of the major factors driving the growth of this segment. For instance, the data from PubMed published in September 2021 mentioned that the overall sensitivity of CT scan in detecting ovarian cancer is around 60.1%, whereas specificity is 93.7%. Hence, with high specificity and improved technology in CT scans, the segment is expected to witness strong growth in the coming years.

Additionally, the approval from regulatory authorities also boosts the growth of the market. For instance, in September 2021, the United States Food and Drug Administration (USFDA) granted clearance for Siemens NAEOTOM Alpha to Siemens Medical Solutions Inc. It is a technologically advanced computed tomography device designed to transform the information from X-ray photons that pass through a patient's body and are received by a detector into a detailed 3-dimensional image.

Thus, the above-mentioned factors are expected to drive the growth of the studied segment during the forecast period.

North America is Expected to Retain Large Market Share Over the Forecast Period

The North American region is believed to witness a strong share in the market studied. This is majorly attributed to the increasing cases of ovarian cancer in the region and the presence of key players catering to fulfill the growing demand for diagnostics and therapeutics for the same. In the North American region, the United States holds the highest share in the ovarian cancer diagnostics and therapeutics market and has contributed majorly to the same.

According to the American Cancer Society (ACS) report in January 2022, ovarian cancer was the ninth most common cancer and the fifth leading cause of cancer death among women in the United States. Furthermore, the ACS estimated that the number of individuals with ovarian cancer in the United States in 2022 will reach about 19,880, whereas a woman's risk of getting ovarian cancer during her lifetime is about 1 in 78. Additionally, most of the top global ovarian cancer diagnostics players are headquartered in the United States, and this tends to be the major advantage for the country, which is expected to drive the market.

Moreover, the increasing approvals for various advanced diagnostics and therapeutics are expected to drive the growth of the market in the forecast period. For instance, in November 2021, the USFDA approved an imaging drug known as Cytalux (pafolcianine), which is attracted to ovarian cancer tissue and illuminates it when exposed to fluorescent light, allowing surgeons to more easily and more precisely remove cancer.

Thus, the above-mentioned factors are expected to drive the growth of the studied segment during the forecast period.

Competitive Landscape

The ovarian cancer diagnostics and therapeutics market is highly competitive and consists of several major players. In terms of market share, few of the major players currently dominate the market. Key players in the market include AstraZeneca, Boehringer Ingelheim, Bristol Myers Squibb Company, Eli Lilly and Company, F. Hoffman-La Roche Ltd, GlaxoSmithKline PLC, Johnson and Johnson, Amneal Pharmaceuticals, and Siemens Healthineers AG.

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Table of Contents

1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Burden of Ovarian Cancer
4.2.2 Use of Combination Therapies for the Treatment of Ovarian Cancer
4.3 Market Restraints
4.3.1 Lack of Accurate Diagnosis of Ovarian Cancer
4.3.2 Lack of Awareness in Emerging and Low Income Economies
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Cancer Type
5.1.1 Epithelial Ovarian Tumors
5.1.2 Ovarian Germ Cell Tumors
5.1.3 Other Cancer Types
5.2 By Modality
5.2.1 Diagnosis Biopsy Blood Tests Ultrasound PET CT Scan Other Diagnosis
5.2.2 Therapeutics Chemotherapy Radiation Therapy Immunotherapy Hormonal Therapy Other Therapeutics
5.3 Geography
5.3.1 North America United States Canada Mexico
5.3.2 Europe Germany United Kingdom France Italy Spain Rest of Europe
5.3.3 Asia-Pacific China Japan India Australia South Korea Rest of Asia-Pacific
5.3.4 Middle-East and Africa GCC South Africa Rest of Middle-East and Africa
5.3.5 South America Brazil Argentina Rest of South America
6.1 Company Profiles
6.1.1 Amneal Pharmaceuticals LLC
6.1.2 Astrazeneca PLC
6.1.3 Boehringer Ingelheim International GmbH
6.1.4 Bristol Myers Squibb Company
6.1.5 Eli Lilly and Company
6.1.6 F. Hoffman-La Roche Ltd
6.1.7 Glaxosmithkline PLC
6.1.8 Johnson and Johnson (Janssen Pharmaceuticals)
6.1.9 Pfizer Inc.
6.1.10 Siemens Healthineers AG
6.1.11 Clovis Oncology
6.1.12 Abbvie (Allergan PLC)

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Amneal Pharmaceuticals LLC
  • Astrazeneca PLC
  • Boehringer Ingelheim International GmbH
  • Bristol Myers Squibb Company
  • Eli Lilly and Company
  • F. Hoffman-La Roche Ltd
  • Glaxosmithkline PLC
  • Johnson and Johnson (Janssen Pharmaceuticals)
  • Pfizer Inc.
  • Siemens Healthineers AG
  • Clovis Oncology
  • Abbvie (Allergan PLC)