According to a new report published by Allied Market Research, titled, โHead & Neck Cancer Drugs Market: Global Opportunity Analysis and Industry Forecast, 2018-2025โ The global head & neck cancer drugs market was valued at $1,295 million in 2017, and is projected to reach $2,281 million by 2025, registering a CAGR of 7.3% from 2018 to 2025.
Head & neck cancers include a number of different malignant tumors that develop in or around the throat, larynx, nose, sinuses, lips, salivary glands, and mouth. There are different types of drugs used alone or in combination for treatment of head & neck cancer. Although traditional chemotherapeutic drugs preferably used in combination of radiation therapy, targeted immune therapies are emerging as a standard treatment option for advanced-stage head & neck cancers.
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The global head & neck cancer drugs market is segmented based on drug class, sales channel, and region. Based on drug class, the market is classified into chemotherapy, immunotherapy, and targeted therapy. According to the sales channel, it is categorized into hospital pharmacies, drug stores & retail pharmacies, and online stores. Based on region, the head and neck cancer drugs market size is studied across North America (U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, and rest of LAMEA).
Asia-Pacific presents lucrative growth opportunities for the key players operating in the head & neck cancer drugs market owing to large population base, surge in incidence of head & neck cancer, and increase in demand for head & neck cancer combination therapeutics. Risk factors such as growth in alcohol consumption, increase in cigarette smoking, and higher usage of tobacco are further expected to fuel the market growth. Betel quid chewing is the most common form of tobacco chewing in the Asia-Pacific region.
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- The study provides an in-depth analysis of the market along with the current head & neck cancer drugs market trends and future estimations to elucidate the imminent investment pockets.
- It offers a quantitative analysis from 2017 to 2025, which is expected to enable the stakeholders to capitalize on the prevailing market opportunities.
- Head & neck cancer drugs market forecast is studied from 2018 to 2025.
- A comprehensive analysis of all the geographical regions is provided to determine the prevailing opportunities.
- Head & neck cancer drugs market size and estimations are based on a comprehensive analysis of key developments in the head and neck cancer drugs industry.
- The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global market.
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Comprehensive competitive analysis and profiles of major market players such as AstraZeneca PLC, Bristol-Myers Squibb Company, Eli Lilly and Company (ARMO Biosciences), Fortress Biotech, Inc. (Checkpoint Therapeutics, Inc.), F. Hoffmann-La Roche Ltd. (Genentech, Inc.), Immutep Limited, Merck & Co., Inc., Merck KGaA (EMD Serono, Inc.), Novartis AG, and Pfizer Inc.
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