Head and Neck Cancer Therapeutics Market To Create Lucrative Opportunities For Existing Companies As Well As New Players
Cancers of squamous cells present in the linings of larynx, throat, nose, salivary glands, lips, mouth are collectively called as head and neck cancers. According to World Health Organization (WHO), globally more than 550,000 new cases of head and neck cancer are diagnosed per year with around 300,000 deaths annually.
Head and neck cancer is the sixth most common type of cancer and accounts for 56% of all cancers. Treatment of head and neck cancer presents a significant challenge to physicians as the choice of treatment varies from patient to patient and location of the tumor.
Head and neck cancers ate often treated with surgery, but the complexity of facial structures and functions limits the surgical treatments. Surgery for head and neck cancer changes some of the functions such as chewing, swallowing, talking, etc. Surgical therapy in combination with radiation therapy is the most preferred treatment regime by physicians.
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However, currently available treatment options for head and neck cancer do not result in improvement in survival rate, and head and neck cancer survival rate has decreased from 80% to 50%in last ten years.
Recent developments in advanced chemotherapy and radiotherapy allow preserving some of the functions of the face. The introduction of targeted molecular therapy such as gene therapy, monoclonal antibodies, antibody drug conjugates, etc. has opened up huge potential for the growth of head and neck cancer therapeutics market.
Growing incidence of head and neck cancer and demand for cost-effective treatment options are the factors driving the growth of global head and neck cancer therapeutic market.
According to Globocan 2012, globally, 521,983 new cases of the lip, oral cavity, and larynx cancer were diagnosed in 2012. Advancements in technology and development of new targeted molecules are believed to play the crucial role in the growth of global head and neck cancer therapeutics market over the forecast period.
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The global market for anti-neoplastic agents is segmented on basis of treatment type, disease indication, end user and geography:
Based on treatment type, global head and neck cancer therapeutics market has been segmented as follow:
- Radiation Therapy
- External Radiation Therapy
- Internal Radiation Therapy
- Targeted Therapy
Based on disease indication, global head and neck cancer therapeutics market has been segmented as follow:
- Laryngeal Cancer
- Lip and Oral Cavity Cancer
- Nasopharyngeal Cancer
- Oropharyngeal Cancer
- Salivary Gland Cancer
Based on end user, global head and neck cancer therapeutics market has been segmented as follow:
- Specialty Clinics
- Ambulatory Surgical Centers
Increasing smoking rate, tobacco consumption and incidence of HPV-caused cancers are the factors primarily responsible for growing prevalence of head and neck cancers such as oral cavity cancer, nasopharyngeal cancer, etc.
Based on treatment type, global head and neck cancer therapeutics market is classified as chemotherapy, radiation therapy, and surgery. Surgery is expected to lead the global market for head and neck cancer therapeutics over the forecast period as it is the choice of therapy by physicians.
Radiation therapy is used to prevent the recurrence of cancer and is expected to contribute second largest share in the global head and neck cancer therapeutics market. Chemotherapy is used as an adjunct to other therapies and thus hold little share in global head and neck cancer therapeutics market.
Based on disease indication, global head and neck cancer therapeutics market has been segmented into laryngeal cancer, lip and oral cavity cancer, nasopharyngeal cancer, oropharyngeal cancer, salivary gland cancer and others.
Lip and oral cavity cancer indication type segment is expected to contribute the highest share in the global market for head and neck cancer therapeutics market owing to the high global prevalence of cancer. GLOBOCAN 2012 reports_bk_01_01_2020 the highest prevalence of 3.1% in 2012 affecting 467,157 people affected by lip and oral cancer globally.
Based on the end user, the global head and neck cancer therapeutics market has been segmented into hospitals, specialty clinics, and ambulatory surgical centers. Hospital end user segment is anticipated to contribute the maximum share among end users.
Based on the regional presence, global head and neck cancer therapeutics market is segmented into five key regions viz. North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. North America will continue to dominate the global head and neck cancer therapeutics market for due to high prevalence HPV-induced cancers and high smoking rate. Europe is expected to hold second largest market share in global head and neck cancer therapeutics market.
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Some of the major players operating in the global head and neck cancer therapeutics market are AbbVie Inc., Acceleron Pharma, Inc., AB Science SA, AstraZeneca Plc., Astellas Pharma Inc., Bayer AG, Boston Biomedical, Inc., Bristol-Myers Squibb Company and others.The report covers exhaustive analysis on:
- Head and Neck Cancer Therapeutics Market Segments
- Head and Neck Cancer Therapeutics Market Dynamics
- Historical Actual Market Size, 2013 – 2015
- Head and Neck Cancer Therapeutics Market Size & Forecast 2016 to 2024
- Head and Neck Cancer Therapeutics Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Head and Neck Cancer Therapeutics Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size Recent industry trends
- Key Competition landscape
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance