Head and Neck Cancer Market worth $ 9.07 Billion by 2030 - Exclusive Report by InsightAce Analytic
JERSEY CITY, N.J., March 23, 2022 /PRNewswire/ -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Head and Neck Cancer Market By Products (Abitrexate/ Mexate/ Folex (methotrexate), Hydrea (hydroxyurea), Taxotere (docetaxel), Platinol (cisplatin), 5-fluorouracil (5-FU), Erbitux (cetuximab), Vectibix (panitumumab), Theracim/Theraloc (nimotuzumab), Keytruda (pembrolizumab), Opdivo (nivolumab), Yervoy (ipilimumab), Tremelimumab and among others) – Clinical Trial/Pipeline Analysis, Market Trends, Industry Competition Analysis, Revenue, and Forecast To 2030."
According to the latest research, the global head and neck cancer market size is valued at US$ 2.44 Billion in 2021, and it is expected to reach US$ 9.07 Billion in 2030, with a CAGR of 16.2% during the forecast period 2022-2030.
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Head and neck cancer (HNC) is the sixth most common cancer worldwide, with an estimated 630,000 new cases every year (Source: NCBI study, 2014). Head and neck cancer (HNCs) is squamous cell carcinomas that occur in the nasal cavities, paranasal sinuses, nasopharynx, hypopharynx, oropharynx, oral cavity, scalp, and salivary glands. The oral cavity is the most common site of cancer occurrence. It is majorly associated with tobacco and alcohol use. They are a significant cause of morbidity and mortality across the world.
Multiple factors drive the head and neck cancer market, such as the rising prevalence of head and neck cancer, rising adoption of advanced medical technologies, medical errors reduction in cancer care, various government initiatives for the head and neck cancer therapy developments, and increasing awareness among people about the advanced head and neck cancer (HNC) treatments.
Furthermore, the increasing combination therapies for managing head & neck cancer and rising cigarette smoking, alcohol intake & tobacco use are anticipated to propel the global head and neck cancer market in the coming years. According to the WHO/Europe report 2021, tobacco use accounts for 25% of all cancer deaths globally and is the primary cause of lung cancer. In the European region, it is estimated that around 186 million people (or 26% of the adult population) currently use tobacco. Also, almost 11% of all cancer cases were causally linked to alcohol across the region in 2018.
However, the high cost of treatments, the side effects of available treatments, and the lack of health coverage act as major restraints of this market.
Geographically, North America dominated the global head and neck cancer market in 2020 due to the increasing prevalence of head and neck cancer, rising use of advanced medical technologies, a significant presence of major market players, high healthcare expenditures, and awareness about the modern cancer treatments.
The Asia-Pacific market is also expected to witness the fastest growth over the forecast period (2020-2030) due to the increased demand for head & neck cancer combination therapeutics, the surge in head & neck cancer patients, the growing geriatric population, government initiatives, and high healthcare expenditure.
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Prominent players operating in the head and neck cancer market are Advaxis, Inc. (U.S.), Amgen, Inc. (U.S.), AstraZeneca plc (U.K.), Boehringer Ingelheim GmbH (Germany), Bristol-Myers Squibb Company (Ono Pharmaceutical Co., Ltd.) (Japan), Cel-Sci Corporation (U.S.), Five Prime Therapeutics, Inc. (U.S.), GlaxoSmithKline plc (U.K.), Incyte Corporation (U.S.), IRX Therapeutics, Inc. (U.S.), MacroGenics, Inc. (U.S.), Merck KGaA (Germany), Novartis AG (Switzerland), Pfizer, Inc., Roche Holdings AG (Genentech) (Switzerland), Viracta Therapeutics (U.S.), and others. The major focus of market players is on strategies like partnerships, collaborations, mergers, agreements, and increasing R&D activities for developing head and neck cancer therapies/treatments. For instance,
- In July 2021, Novartis (Switzerland) collaborated with Kura Oncology, Inc., a clinical-stage biopharmaceutical company, to evaluate the effect of the combination of tipifarnib and alpelisib in patients with head and neck squamous cell carcinoma.
- In June 2021, CEL-SCI Corporation (U.S.) announced results from its 9.5-year pivotal Phase 3 study for its immunotherapy Multikine (Leukocyte Interleukin, Injection) in the treatment of advanced (stages III and IV) primary (previously untreated) squamous cell carcinoma of the head and neck (SCCHN). CEL-SCI's Multikine® Immunotherapy produced significant 14.1% 5-year survival benefit (62.7% vs 48.6%) in the group receiving surgery plus radiotherapy in a landmark head and neck cancer phase 3 study.
- In October 2017, Incyte Corporation (U.S.) and MedImmune, AstraZeneca's global biologics research and development arm, expanded their clinical collaboration. As part of the agreement, the companies checked the efficacy and safety of epacadostat, Incyte's investigational selective IDO1 enzyme inhibitor, in combination with AstraZeneca's Imfinzi (durvalumab), a human monoclonal antibody directed against PD-L1, compared to Imfinzi alone.
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Market Segments
Global Head and Neck Cancer Market, by Products, 2020-2030 (Value US$ Mn)
- Cytotoxic Agents
- Antimetabolites
- Abitrexate/ Mexate/ Folex (methotrexate)
- Hydrea (hydroxyurea)
- Antitubulins
- Taxotere (docetaxel)
- Others (Platinum Agents, Fluoropyrimidines)
- Platinol (cisplatin)
- 5-fluorouracil (5-FU)
- EGFR Inhibitors (mAbs)
- Erbitux (cetuximab)
- Vectibix (panitumumab)
- Theracim/Theraloc (nimotuzumab)
- EGFR Inhibitors (TKIs)
- Tarceva (erlotinib)
- Iressa (gefitinib)
- Tykerb/Tyverb (lapatinib)
- PD1 Inhibitors
- Keytruda (pembrolizumab)
- Opdivo (nivolumab)
- Pipeline Drugs (Late-stage)
- EGFR Inhibitors (mAbs)
- Vectibix (panitumumab)
- PDL1 Inhibitors
- Imfinzi (durvalumab)
- Bavencio (avelumab)
- CTLA4 Inhibitors
- Yervoy (ipilimumab)
- Tremelimumab
Global Head and Neck Cancer Market, by Region, 2020-2030 (Value US$ Mn)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Head and Neck Cancer Market, by Country, 2020-2030 (Value US$ Mn)
- U.S.
- Canada
Europe Head and Neck Cancer Market, by Country, 2020-2030 (Value US$ Mn)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Head and Neck Cancer Market, by Country, 2020-2030 (Value US$ Mn)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Head and Neck Cancer Market, by Country, 2020-2030 (Value US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Head and Neck Cancer Market, by Country, 2020-2030 (Value US$ Mn)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Why should buy this report:
- To receive a comprehensive analysis of the prospects for pipeline drugs revenue forecast
- To receive an clinical trial/pipeline analysis and future trends in the head and neck cancer market
- To analyze the head and neck cancer market drivers and challenges
- To get information on head and neck cancer market size (value US$ Mn) and forecast to 2030
- Major investments, mergers & acquisitions in the head and neck cancer market industry
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