Head And Neck Cancer Market To Progress With A 9.5% CAGR By 2023
Head and Neck Cancer Market Research Report: By type (Laryngeal, Pharyngeal, Salivary Gland, Oral Cavity, Nasopharyngeal), by Diagnosis (Blood Test, Endoscopy, others), by Treatment (Chemotherapy, Surgery, Others), by End-User – Global Forecast Till 2027
Head and Neck Cancer Market – Overview
The incidence of cancer has grown rapidly over the past few years at an alarming rate, among which head and neck cancer has a huge chunk. Reports that evaluate the medical device industry have been made accessible by Market Research Future, which creates reports on several industry verticals that review the market development and prospects. The market is anticipated to pursue growth strategies with a CAGR of 9.5% in the forecast period.
The surge in alcohol and tobacco consumed globally is often cited as a key factor contributing to the head and neck cancers. Increased detection of cancer due to the development of medical expertise and devices is projected to encourage the market in the forecast period. Substantial developments seen in the oncology field are expected to improve the treatment methods for this type of cancer and will open up new avenues for market progress in the approaching period.
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Segmental Analysis
The segmentation of the head and neck cancer market is conducted on the basis of the type of head and neck cancer, diagnosis, region, treatment type, and end-user. Based on the type of head and neck cancer, the market is segmented into laryngeal cancer, salivary gland cancer, pharyngeal cancer, nasopharyngeal cancer, lip and oral cavity cancer, and others. By diagnosis, the market for hand and neck cancer is segmented into blood tests, bioscopy screening tests, dental diagnosis, and endoscopy. Based on treatment type, the head and neck cancer market is segmented into surgery, radiation therapy, chemotherapy, targeted therapy, and others. The radiation therapy is additionally segmented into internal radiation therapy and external beam radiation. By end-users, the market is segmented into specialty clinics, hospitals, and ambulatory surgical centers.
Detailed Regional Analysis
The regional assessment of the head and neck cancer market comprises of regions such as the Americas, Europe, Middle East, Asia Pacific, and Africa. The Americas region dominates the head and neck cancer market due to the incidence of a major patient population, growing prevalence of head and neck cancer, sophisticated technology, high healthcare spending, and the incidence of chief market companies. Approximately 3% of all the cancers in the USare head and neck cancer cases. The European region holds the next position in the global head and neck cancer market. It is anticipated that the research and development spending offered by the government and private organizations, growing competition among marketers, growing healthcare expenses, and adjustments in reimbursement policies in healthcare are expected to guide the European region’s head and neck cancer market. The Asia Pacific region is a rapidly increasing head and neck cancer market due to an enormous patient pool, growing demand, and the advancement of healthcare technology. The Middle East and Africa region retain the least share of the head and neck cancer market globally due to low growth, deficiency of technical knowledge, and impoverished medical facilities.
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Competitive Analysis
The disequilibrium noticed in the forces that are backing the growth of the market is expected to lead to a relatively slow pace of the growth. The global economies are reacting to the market forces by implementing favorable policies and cutbacks so as to prevent a slowdown in the progress of the market. The changes in the income levels globally are contributing to the growth of the market. The rise in individual discretionary spending is anticipated to lead to the progress of the market. The enhancement of the distribution channels is projected to motivate market growth relatively. The conducive nature of the monetary and fiscal policies is likely to lead to solid growth in the market. Moreover, the rise in International transactions is anticipated to bolster the expansion of the market considerably. The positive effect of the governments in the development of the market is expected to guide the market towards sound progress in the coming years.
The significant contenders in the head and neck cancer market are AbbVie Inc., Acceleron Pharma, Inc., AdDent Inc., ASAHI Roentgen, Astellas Pharma Inc., AB Science SA, Bayer AG, Siemens Healthcare, Boston Biomedical, Inc., Bristol-Myers Squibb Company, Carestream, GE Healthcare, AstraZeneca Plc., Koninklijke Philips N.V., Identafi, NeuSoft, Shimadzu Corporation, Fujifilm Holdings, Varian Medical Systems, Xoran, and others.
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