Head And Neck Cancer Drugs Market Size to Hit USD 4.4 Bn by 2030

According to Nova one advisor, the global Head and Neck Cancer Drugs market size is expected to hit around USD 4.4 billion by 2030 from valued at USD 2.1 billion in 2021 and growing at a CAGR of 8.60% from 2022 to 2030. Rising surge in incidence of head and neck cancer worldwide is the vital factor escalating the head and neck cancer drug market growth.

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Head and neck cancers are a type of cancer that develops in or around the throat, larynx, nose, sinuses, lips, salivary glands, and mouth. For the treatment of head and neck cancer, various drugs are used either alone or in combination. Despite the fact that traditional chemotherapeutic drugs are best used in conjunction with radiation therapy, targeted immune therapies are becoming a standard treatment option for advanced-stage head and neck cancers.

The increase in the global geriatric population will boost market growth, as will the consumption of tobacco and alcohol, awareness about treatment and technological advancement, the rate of research and development initiatives, the adoption of immunotherapy in several countries, the demand for combination therapy for the management of head and neck cancer, and the increase in the number of hospitals are likely to propel the market growth rate.

Furthermore, rising number of patients in the backward economies, an increase in untapped emerging economies, and an increase in the number of pipeline drugs will create new opportunities for the head and neck cancer drug market during the forecast period of 2022-2030.

However, increased treatment costs, an increase in the adverse effects associated with the use of head and neck cancer drugs, and lack of awareness among patients and physicians about head and neck treatment are the major factors acting as restraints, and will further challenge the head and neck cancer drug market during the forecast period.

This head and neck cancer drug market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the head and neck cancer drug market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Report Scope of the Head and Neck Cancer Drugs Market

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Report Highlights

• Based on the treatment type, the chemotherapy dominated the global head and neck cancer drugs market in 2020. Chemotherapy is extensively used with the other therapies like radiation therapy in combination for the treatment of the head and neck cancer. This has resulted in the dominance of this segment. Moreover, the rising incidences of the head and neck cancer across the globe are further expected to drive the growth of the market.
  
• Based on the sales channel, the online pharmacies segment is estimated to be the most opportunistic segment during the forecast period. This is attributable to the rising popularity of various online pharmacy retail platforms across the globe. Moreover, the rising adoption of smartphones coupled with improved access to the internet is positively impacting the market growth. More than half of the global population had access to internet by the end of 2019, as per the ITU. This number is expected to grow rapidly in the foreseeable future, which in turn would impact the market growth significantly.

Region Insights

North America dominated the global head and neck cancer market in 2021. According to the American Cancer Society, head and neck cancer accounts for around 4% of the total cancer cases in US. In 2021, it is estimated that around 48,740 men and 17,890 women will develop head and neck cancer. Around 14,620 deaths are estimated to occur in US in 2021 due to head and neck cancer. Therefore, the rising prevalence of head and neck cancer is driving the growth of the head and neck cancer drugs market in North America. The presence of sophisticated healthcare infrastructure, increased healthcare expenditure, favorable reimbursement policies, enhanced access to the advanced diagnostic devices are the major factors that drives the growth of the head and neck cancer drugs market in North American region.

Asia Pacific is estimated to be the most opportunistic market during the forecast period. This can be attributed to the presence of huge population, rising prevalence of head and neck cancer owing to the rising prevalence of smoking, rising alcohol consumption, and rising tobacco consumption, rising awareness regarding the availability of innovative drugs, and rising healthcare expenditure. The rising consumer awareness towards the early diagnosis of cancer and rising demand for the advanced therapeutics is significantly fostering the market growth in this region.

Some of the prominent players in the Head and Neck Cancer Drugs Market include:

• AstraZeneca PLC
• Bristol-Myers Squibb Company
• Eli Lilly and Company
• Fortress Biotech, Inc
• F. Hoffmann-La Roche Ltd.
• Immutep Limited
• Merck & Co., Inc.
• Merck KGaA
• Novartis AG
• Pfizer Inc.

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Nova one advisor, Inc. has segmented the global Head and Neck Cancer Drugs market

By Treatment Type

• Targeted Therapy
• Chemotherapy
• Radiation Therapy
• Immunotherapy

By Sales Channel

• Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Benefits for Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global Head And Neck Cancer Drugs industry analysis from 2022 to 2030 to identify the prevailing Head And Neck Cancer Drugs industry opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global Head And Neck Cancer Drugs industry segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes the analysis of the regional as well as global Head And Neck Cancer Drugs industry trends, key players, market segments, application areas, and market growth strategies.

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