/ Press Release / Healthcare & Life Sciences

Rise in Prevalence of Oral Cancer and Surge in Government Expenditure on Healthcare Drive the Growth of the Oral Cancer Treatment Market

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Oral cancer is a kind of head and neck cancer that happens itself in the mouth as a tumour. The tongue, gums, cheeks, lips, tonsils, and salivary glands are the most common locations for oral or mouth cancer. Oral cancers are categorized as either benign or malignant. Surgical removal of benign tumours is possible.

The increasing healthcare expenditure, growing consumption of tobacco products such as cigarettes, pipes, cigars, and chewing tobacco and rise in the special designation from regulatory experts are other factors also boosting the growth of the market. The oral cancer accounts for nearly 3% of all cancers diagnosed yearly in the U.S, or around 53,000 new cases every year. Upsurge in personal disposable income together with rise in prevalence of papillomavirus infection is other indirect element that will create productive market growth opportunities.

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The global demand for oral cancer treatment market was predicted to be about USD 1, 800 million in 2022, and by the end of 2031, existing and expected developments would hit valuations of around USD 2,750 million. The industry players and analysts predict the global Oral cancer treatment market growth of around 4.5% in terms of CAGR. During the forthcoming years, growth of the global oral cancer treatment market is significantly due to rise in prevalence of oral or mouth cancer globally is further driving the oral cancer treatment market. However, dearth of awareness about the oral cancer in the backward and underdeveloped areas are the challenges presented to Oral cancer treatment market development and growth.

Some of the leading and top oral cancer treatment companies in the global oral cancer treatment market include Teva Pharmaceutical Industries Ltd, F. Hoffmann-La Roche Ltd, Pfizer Inc., Merck & Co., Inc., Novartis AG, GlaxoSmithKline plc, Fresenius Kabi AG, Bristol-Myers Squibb Company, Cipla Inc., Mylan N.V., and Sanofi among others. The leading five players such as F. Hoffmann-La Roche Ltd, Novartis AG, Pfizer Inc., Merck & Co., Inc., GlaxoSmithKline plc hold around 45% market share of the global oral cancer treatment market.

On the basis of type, the global oral cancer treatment market can be segmented into squamous cell carcinoma, verrucous carcinoma, minor salivary gland carcinomas, lymphomas, with the ‘squamous cell carcinoma’ category having the leading market share of about 40 percent, closely followed by the “verrucous carcinoma” category at about 30 percent of the global oral cancer treatment market share.

On the basis of therapy type, the market can be bifurcated into chemotherapy, immunotherapy, and targeted therapy. On the basis of age group, the market can be bifurcated into 30-49, 50-69, 70 and above. In terms of geography, North America region held the leading market share of around 40% among other regions such as Asia Pacific, Europe, Latin America, and Middle East & Africa in the global Oral cancer treatment market.

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