Head and Neck Squamous Cell Carcinoma Market Trends

Growth Drivers

• Growing R&D and Approvals for Cancer Drugs and Treatment - Head and neck cancers are treated by using single or combination therapies. Owing to the presence of different types of head and neck cancers, healthcare providers are increasingly working on developing drugs and treatments which apply to treating the disease. Currently, several cancer vaccines for treating head and cancer drugs are under different phases of clinical trials and pharmaceutical manufacturers are spending heavily on research and development to come up with a proper cure for the disease. For instance, the Food and Drug Administration (FDA) has approved several drugs for treating head and neck cancer. Some of them include Bleomycin Sulfate, Cetuximab, Docetaxel, Erbitux, and others.

• Escalating Consumption of Alcohol – Presently, a huge ratio of people have been consuming alcohol and getting the addiction to it. Alcohol is a potent chemical that can negatively impact nearly every part of the human body, namely the heart, bones, and brain. Also, excessive drinking may raise blood pressure and cholesterol levels. Moreover, excessive drinking can increase the risk of mouth cancer and several other types of cancers. Therefore, the escalating consumption of alcohol is also anticipated to fuel market growth in the coming years. For instance, in the United Kingdom, around 49% of adults (aged 16) stated to consume alcohol at least once a week in 2019. Whereas, nearly 57% of men and 44% of women admitted they drank alcohol at least once a week.

• Growing Adoption of Immune Therapeutics - Immune therapeutics or immunotherapy is provided to cancer patients as it possesses numerous benefits over other therapy types. With the growing concern for the increasing number of cancer cases, there is a growing need for treating these patients. Immunotherapy helps the body to combat cancer with its natural defenses. The process further slows or stops the growth of the cancer cells and stops it from spreading. For instance, based on a clinical study estimation conducted in 2020, approximately 44% of cancer patients in the United States were in need of ICI therapy, and approximately 14% of patients responded to it. Such a factor is therefore anticipated to drive the growth of the global head and neck squamous cell carcinoma (HNSCC) treatment and drugs market during the forecast period.

• An Upsurge in Human Papillomavirus (HPV) Infection Cases - Human papillomavirus (HPV) infection is a viral infection that is usually transmitted during intercourse and causes growths on the skin or mucous membranes (warts). HPV also spreads through close skin-to-skin contact during sexual intercourse. A person infected with HPV can infect another person even if they exhibit no symptoms or signs of infection. Thus, HPV may infect the mouth and throat, leading to oropharyngeal cancer that spreads to the back of the throat, including the base of the tongue and tonsils. As per recent estimations, more than 13 million new cases of HPV infection are detected in the United States each year. Hence, the boost in HPV cases is also projected to proliferate the market growth during the forecast period.

• Worldwide Surge in Healthcare Expenditure - According to the World Bank report, worldwide healthcare expenditure grew by 9.83% in 2019.

Challenges

• High Cost of Head & Neck Cancer Treatment and Drugs - Cancer treatments are always extremely costly, especially for individuals belonging to low and middle-income groups. Moreover, the unavailability of proper healthcare standards in several parts of the world is also anticipated to lower the demand for head and neck squamous cell carcinoma (HNSCC) treatment and drugs. The high cost of treatment and drugs is the factor anticipated to lower the market growth during the forecast period.

• Adverse Effects of Concerned Drugs
• Lack of Medical Reimbursement Policies in Emerging Nations