Head and Neck Squamous Cell Carcinoma (HNSCC) Treatment and Drugs Market to Witness a Notable CAGR During 2021-2029; Growing Number of Head and Neck Cancer Cases to Create Opportunities for Market Growth
Research Nester published a report titled “Head and Neck Squamous Cell Carcinoma (HNSCC) Treatment and Drugs Market: Global Demand Analysis & Opportunity Outlook 2029” which delivers detailed overview of the head and neck squamous cell carcinoma (HNSCC) treatment and drugs in terms of market segmentation by drug class, distribution channel and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global head and neck squamous cell carcinoma (HNSCC) treatment and drugs market is segmented by distribution channel into online and offline. The offline segment is further classified into drug stores, hospital pharmacies and retail, out of which, the hospital pharmacies segment is anticipated to hold the largest market share during the forecast period. The growth of the segment can be attributed to the rising demand for HSNCC drugs at the hospital premises to treat the cancer patients who prefer visiting hospitals for advanced care and treatment.
The global head and neck squamous cell carcinoma (HNSCC) treatment and drugs market is anticipated to record a notable CAGR during the forecast period, i.e., 2021-2029 on account of the growing need for treatment and drugs for head and neck cancer disease, backed by the rising number of head and neck cancers around the globe. The Centers for Disease Control and Prevention (CDC), in one of its statistics, stated that in the United States, in the year 2017, 46,157 new cases of oral cavity and pharynx cancer were reported in the nation.
Geographically, the global head and neck squamous cell carcinoma (HNSCC) treatment and drugs market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the North America head and neck squamous cell carcinoma (HNSCC) treatment and drugs market is anticipated to hold the largest share during the forecast period. The growth of the market in the region can be attributed to the availability of numerous key players in the region, coupled with the growing prevalence of head and neck cancer and the presence of a strong healthcare network.
Increasing Investment for R&D by Pharmaceutical Manufacturers for HNSCC Drugs to Drive Market Growth
The increase focus of the pharmaceutical manufacturers to develop an effective vaccine for the treatment of head and neck cancer through increasing research and developments is one of the major factors anticipated to drive the growth of the global head and neck squamous cell carcinoma (HNSCC) treatment and drugs market. The pharmaceutical manufacturers are increasingly investing in research and development to support the development of the cancer vaccine. On the other hand, the growing adoption of immunotherapy for treating cancer disease is also raising the focus of the manufacturers to develop advanced drugs, which is further anticipated to drive the market growth.
However, concerns for the high cost of treatment and drugs for HNSCC is anticipated to hamper the market growth during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global head and neck squamous cell carcinoma (HNSCC) treatment and drugs market which includes company profiling of Immutep Limited (NASDAQ: IMMP), Fortress Biotech, Inc. (NASDAQ: FBIO), Novartis AG (SWX: NOVN), F. Hoffmann-La Roche Ltd (SWX: RO), Eli Lilly and Company (NYSE: LLY), Bristol-Myers Squibb Company (NYSE: BMY), AstraZeneca plc (LON: AZN), Merck Sharp & Dohme Corp. (Merck & Co., Inc.) (NYSE: MRK), Pfizer Inc. (NYSE: PFE) and Boehringer Ingelheim GmbH. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global head and neck squamous cell carcinoma (HNSCC) treatment and drugs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.