Pancreatic Cancer Market Size to Reach USD 6.93 Billion by

Newark, Oct. 27, 2022 (GLOBE NEWSWIRE) — As per the report published by The Brainy Insights, the global pancreatic cancer market is expected to grow from USD 3.43 billion in 2021 to USD 6.93 billion by 2030, at a CAGR of 8.13% during the forecast period 2022-2030.

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The number of people suffering from pancreatic diseases/conditions has increased due to the rising trend of an inactive lifestyle and improper diet. The rising number of diabetes patients has been primarily attributed to the increasing consumption of processed foods and beverages with higher sugar contents, which also considerably adds to the rising number of pancreatic cancer patients. The number of elderly people has increased, which has added to the pool of patients with pancreatic cancer. The rising number of patients has also been greatly aided by rising alcohol and cigarette use. The global pancreatic cancer market will be driven by the increasing number of pancreatic cancer patients brought on by unhealthy lifestyles, poor diets, excessive alcohol or cigarette use, or old age. The expansion of the pancreatic cancer market will also be aided by the increased awareness about the causes, symptoms, and treatments of pancreatic cancer brought about by various government initiatives, NGOs, and other civil society groups. New technological advancements and scientific breakthroughs that have paved the way for developing safer and more effective drugs/therapies/treatments to treat pancreatic cancer will provide lucrative opportunities to the market players. However, the high cost of drug development and treatments can hamper the market’s growth. Stringent government guidelines and regulations will also challenge the market during the forecast period. Innovations and comprehensive approval mechanisms can help overcome these challenges and provide an impetus to…