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Head and Neck Cancer Market Analysis Highlighting Competitive Landscape and Growth Opportunities
Head and Neck Cancer Market
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According to the latest research by InsightAce Analytic, the global Head and Neck Cancer market is valued at US$ 2.44 Billion in 2021, and it is expected to reach US$ 9.07 Billion by 2030, with a CAGR of 16.2% during a forecast period of 2022-2030.
Head and neck cancer (HNC) primarily originates from squamous cells, which line the mucosal surfaces of the head and neck, including the interior of the mouth, nose, and throat. These cancers can affect the salivary glands, pharynx, larynx, paranasal sinuses, nasal cavity, and oral cavity. Globally, approximately 630,000 new cases of head and neck cancer are reported annually, making it the sixth most prevalent cancer worldwide. Squamous cell carcinomas, a common type of HNC, can impact the salivary glands, oral cavity, scalp, and paranasal sinuses, as well as the nasal cavities. The oral cavity remains the most common site for the development of HNC, with tobacco and alcohol consumption being significant contributing factors.
The increasing incidence of head and neck cancers is a key factor driving market growth. Additional drivers include an aging population, increased funding for oncology research, unmet medical needs, growing competition within the market, an improved regulatory framework, and rising government support. However, several challenges may hinder market expansion. The high cost of treatment, limitations of current therapies, lack of healthcare coverage, and inadequate healthcare infrastructure in low- and middle-income countries present significant barriers. Despite these challenges, advancements in research and development (R&D) and manufacturing processes are expected to enhance the efficiency of drug development. Nevertheless, a significant portion of clinical trials fail to meet anticipated outcomes, which poses a considerable obstacle for emerging companies seeking to enter the global head and neck cancer market.
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North America is expected to be the leading contributor to the head and neck cancer market over the forecast period. This growth is driven by the increasing prevalence of head and neck cancer, the adoption of advanced medical technologies, the strong presence of key market players, high healthcare expenditure, and greater awareness of modern cancer treatments.
Additionally, the Asia Pacific region is projected to experience significant market expansion during the forecast period. The rising incidence of head and neck cancer and the growing patient population are anticipated to increase the demand for effective treatments, thereby driving market growth. Furthermore, the expansion of the biopharmaceutical sector and supportive government initiatives in the region are expected to create favorable financial opportunities for manufacturers in the coming years.
Major market players operating in the Head and Neck Cancer market include
Advaxis, Inc. (US), Amgen, Inc. (US), AstraZeneca plc (UK), Boehringer Ingelheim GmbH (Germany), Bristol-Myers Squibb Company (Ono Pharmaceutical Co., Ltd.) (Japan), Cel-Sci Corporation (US), Five Prime Therapeutics, Inc. (US), GlaxoSmithKline plc (UK), Incyte Corporation (US), IRX Therapeutics, Inc. (US), MacroGenics, Inc. (US), Merck KGaA (Germany), Novartis AG (Switzerland), Pfizer, Inc., Roche Holdings AG (Genentech) (Switzerland), Viracta Therapeutics (US) among others.
Recent collaborations and agreements in the market:
• In July 2021, Novartis (Switzerland) partnered with Kura Oncology, Inc., a clinical-stage biopharmaceutical company, to assess the efficacy of tipifarnib and alpelisib in patients with head and neck squamous cell carcinoma.
• In June 2021, CEL-SCI Corporation (United States) revealed the results of a 9.5-year pivotal Phase 3 research 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). In a significant head and neck cancer phase 3 study, CEL-Multikine® SCI's Immunotherapy achieved a 14.1% 5-year survival benefit (62.7% vs 48.6%) in the group undergoing surgery plus radiotherapy.
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Market Segments
Global Head and Neck Cancer Market, by Products, 2022-2030 (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, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Head and Neck Cancer Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Head and Neck Cancer Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Head and Neck Cancer Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Head and Neck Cancer Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Head and Neck Cancer Market, by Country, 2022-2030 (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 the global Head and Neck Cancer market
To receive an industry overview and future trends of the Head and Neck Cancer market
To analyze the Head and Neck Cancer market drivers and challenges
To get information on the Head and Neck Cancer market value (US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Head and Neck Cancer market industry
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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