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Soaring Demand Set to Propel Oral Cancer Treatment Market to $2.86 Billion by 2029
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsWhat Is the Expected CAGR for the Oral Cancer Treatment Market Through 2025?
There has been robust growth in the market size for oral cancer treatment in recent years. This market is forecasted to expand from a valuation of $2.04 billion in 2024 to $2.2 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.4%. Factors contributing to growth during the historic period include the application of interdisciplinary treatment techniques, the execution of screening programs, advancements in palliative care, innovative developments in reconstructive surgery, and discoveries from clinical trials.
What's the Projected Size of the Global Oral Cancer Treatment Market by 2029?
The market for oral cancer treatment is anticipated to witness significant expansion in the upcoming years. The market is projected to reach a value of $2.86 billion by 2029, with a compound annual growth rate (CAGR) of 6.9%. This surge during the forecast period can be linked to supportive regulatory environments for breakthrough therapies, advancements in the study of biomarkers, increased therapeutic alternatives, enhanced early detection and screening methods, as well as telemedicine and remote observance. Noteworthy trends during the forecast phase comprise changes in global epidemiology, changes in regulations and approvals, growing consciousness and early detection initiatives, patient-focused care, and auxiliary treatments.
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Top Growth Drivers in the Oral Cancer Treatment Industry: What's Accelerating the Market?
The escalating tobacco usage is anticipated to stimulate the advancement of the oral cancer treatment market in the future. Tobacco is represented by leaves from Nicotiana tabacum and other Nicotiana genus plants. Tobacco-related products consist of harmful substances, cancer-causing agents, and nicotine, all of which have been associated with a heightened risk of specific cancers, oral cancer included. For example, figures from the National Health Service, a UK-based governmental body, in December 2023 showcased that there was an estimation of 408,700 hospital admissions due to smoking in 2022-23, up from 389,800 in 2021-22. This signifies a rise of 4.8%. Hence, increased tobacco consumption is a critical factor influencing the growth of the oral cancer treatment market. The rise in oral cancer prevalence is anticipated to boost the expansion of the oral cancer treatment market. Oral cancer, a deadly growth impacting oral cavity tissues, is typified by unchecked cell growth and invasion. Standard oral cancer treatments include surgical elimination, radiation therapy, and chemotherapy - the chosen method usually depends on the disease's stage and scope. To illustrate, American Cancer Society data from 2022 reveals that, each year, approximately 54,540 new instances of oral cavity or oropharyngeal cancer are identified, causing nearly 11,580 deaths attributed to this cancer type. Therefore, oral cancer's growing prevalence plays a significant role in the expansion of the oral cancer treatment market.
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What Trends Will Shape the Oral Cancer Treatment Market Through 2029 and Beyond?
The chief players in the oral cancer treatment industry are focusing on the development of pioneering treatments, including CancerDetect, to bolster their market earnings. CancerDetect is a diagnostic tool for oral and throat cancers. To illustrate, Viome Life Sciences Inc., an American biotech firm, introduced a treatment test named CancerDetect in August 2022. This is a home-based test for early-stage biomarkers of oral and throat cancers. The primary purpose of the CancerDetect test is to identify molecular features associated with oral and throat cancers, particularly oral squamous cell carcinoma (OSCC) and oropharyngeal squamous cell carcinoma (OPSCC).
What Are the Main Segments in the Oral Cancer Treatment Market?
The oral cancer treatment market covered in this report is segmented -
1) By Type: Oral Squamous Cell Carcinoma, Oral Verrucous Carcinoma, Mucoepidermoid Carcinoma, Oral Cavity Lymphomas
2) By Therapy Type: Chemotherapy, Radiation Therapy, Biological Therapy
3) By Route Of Administration: Oral, Injectable, Other Routes Of Administration
4) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
Subsegments:
1) By Oral Squamous Cell Carcinoma: Surgery, Radiation Therapy, Chemotherapy, Targeted Therapy
2) By Oral Verrucous Carcinoma: Surgical Excision, Radiation Therapy
3) By Mucoepidermoid Carcinoma: Surgical Resection, Radiation Therapy, Chemotherapy
4) By Oral Cavity Lymphomas: Chemotherapy, Radiation Therapy, Immunotherapy
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Which Top Companies are Driving Growth in the Oral Cancer Treatment Market?
Major companies operating in the oral cancer treatment market report are Pfizer Inc., F. Hoffmann La Roche Ltd., Merck & Co., AbbVie Inc., Novartis AG, Bayer AG, Sanofi-Aventis LLC, Bristol Myers Squibb, AstraZeneca PLC, GlaxoSmithKline PLC, Eli Lilly and Company, C.H. Boehringer Sohn AG & Co. KG., Viatris Inc., Teva Pharmaceuticals Industries Ltd., MD Anderson Cancer Center, Bausch Health Companies Inc., Memorial Sloan Kettering Cancer Center, Aurobindo Pharma Limited, Cipla Inc., Sun Pharmaceutical Industries Ltd., Lupin Limited, Fred Hutchinson Cancer Research Center, Fresenius Kabi AG, Innovent Biologics Inc., Genentech Inc., Intas Pharmaceuticals Ltd., Ascendis Pharma A/S, Qilu Pharmaceutical Co. Ltd.
Which Regions Will Dominate the Oral Cancer Treatment Market Through 2029?
North America was the largest region in the oral cancer treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the oral cancer treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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