Market Trends of Head and Neck Cancer Therapeutics Industry
This section covers the major market trends shaping the Head & Neck Cancer Therapeutics Market according to our research experts:
Immunotherapy Segment is Expected to Witness Significant Growth Over the Forecast Period
Immunotherapy improves the body's natural defenses to combat cancer. It employs elements made by the body or in a laboratory to enhance the immune system to discover and damage cancer cells. The major factors responsible for the high segment growth are the increased adoption of immunotherapeutic drugs and the presence of numerous drugs in the R&D pipeline. For instance, in January 2022, Nanobiotix, a late-stage clinical biotechnology company, declared the enrollment of the first patient in NANORAY-312, a phase III clinical trial, to investigate the safety and efficacy of NBTXR3. This drug candidate has shown high efficiency in treating head and neck cancer in elderly patients.
Additionally, in the past few years, there has been a surge in the approval of various immunomodulators, such as Pembrolizumab (Keytruda) by Merck & Co., Inc. in March 2022 and Dostarlimab (Jemperli) by GlaxoSmithKline plc in August 2021. Thus, the increasing number of approvals of immunotherapeutic drugs for head and neck cancer treatment is creating ample opportunities for the segment's growth over the future.
According to the article published in Elsevier in June 2022, the adoption of immunotherapies for the treatment of head and neck cancer has changed the treatment landscape. Immunosuppressive pathways, which are involved in the interaction between tumor cells and T lymphocytes, are the main targets of immunomodulatory medicines. In August 2022, Frontiers published an article stating that due to the high potential of immunotherapies in producing a significant and long-lasting antitumor effect, it is considered an effective treatment approach for the treatment of head and neck squamous cell carcinomas. The use of numerous immunotherapy techniques, such as costimulatory agonists, immune checkpoint inhibitors, antigenic vaccines, adoptive T cell transfer (ACT), oncolytic virus therapy, and EGFR-targeted therapy, is now being made in the treatment of HNSCC.
Therefore, the immunotherapy segment is expected to witness significant growth over the forecast period due to the abovementioned factors.
North America is Expected to Dominate the Head and Neck Cancer Therapeutics Market
North America is expected to dominate the market owing to factors such as the developed healthcare infrastructure and the active participation of various government organizations to combat the growing burden of head and neck cancer. For instance, American Head and Neck Society is among the largest organization present in North America for the improvement of R&D education in head and neck oncology in the region. The organization focuses on improving the care of head and neck reconstructive surgery through education while concentrating on the quality of care.
A high number of head and neck cancer incidents in the United States is among the key factors contributing to the growth of the market studied in North America. As per the American Society of Clinical Oncology (ASCO), head and neck cancer record 4% of all deaths in the United States. Also, the organization estimated that there would be around 66,470 people who will be diagnosed with head and neck cancer in the United States in 2022, out of which 48,520 would be men and 17,950 would be women.
Furthermore, the regional players are actively involving themselves in product launches, mergers, and acquisitions to attain a significant position in the market, which is boosting the regional market growth. For instance, in November 2022, Fulgent Genetics, Inc., a technology-based gene testing company based in the United States, announced the acquisition of Fulgent Pharma Holdings, Inc. to provide an integrated solution to combat head and neck cancer in the region. Thus, mergers and acquisitions amongst key players is another factor that is augmenting the regional market growth.
Therefore, owing to the aforesaid factors, the growth of the studied market is anticipated in the North America Region.
