The increasing prevalence of head and neck cancer is a significant driver of the market.
For instance, according to the National Cancer Institute, 71,000 people in the U.S. will suffer from pharynx, larynx, or oral cancer in 2024.
HPV, particularly HPV type 16, is a significant risk factor for oropharyngeal cancers, especially those affecting the tonsils and the base of the tongue. The increasing prevalence of HPV-related infections has been linked to a rise in these types of cancers. HPV-positive head and neck cancers tend to affect younger individuals who might not have traditional risk factors like smoking or alcohol use.
As the incidence of HPV rises globally, there is a growing demand for effective treatments to alleviate symptoms and improve patients' quality of life. This trend is boosting the expansion of the head & neck cancer market.
Additionally, ongoing research and development efforts to enhance the efficacy and safety of head & neck cancer drugs further bolster market growth, meeting the increasing therapeutic needs of a larger patient population.
Authors:
Mariam Faizullabhoy, Gauri Wani
Frequently Asked Questions (FAQ) :
The head & neck cancer therapeutics industry size was valued at USD 1.8 billion in 2023 and is set to register 8.9% CAGR from 2024 to 2032 primarily driven by the increasing prevalence of head and neck cancer.
The immunotherapy segment recorded USD 972.7 million in 2023, led by ongoing development of new formulations
The injectable route of administration segment recorded 57.4% share of the head & neck cancer therapeutics industry in 2023 as these drugs target specific proteins on cancer cells or immune cells,
North America head & neck cancer therapeutics industry size is anticipated to reach USD 1.4 billion by 2032 led by the presence of robust healthcare system and established regulatory pathways