Oral Cancer Treatment Market Synopsis:
The treatment for oral cancer is a prime area of research as it is generally discovered late in its development. Industry leaders are emphasizing on the development of more effective diagnosis. Market Research Future (MRFR) has found out in its latest study that the global oral cancer treatment market is anticipated to exhibit a CAGR of 7.1% during the forecast period 2019 to 2023. The need for early detection of oral cancer is expected to boost the revenue growth of the market in the years to come.
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The rising healthcare expenditure is likely to influence the growth pattern of the market positively over the next couple of years. On the contrary, the risk of recurrence of the disease, coupled with the adverse effects associated with the treatment, remains an impediment to market growth. In addition, the high cost of the treatment is expected to check the proliferation of the oral cancer treatment market across the review period.
Market Segmentation:
The global oral cancer treatment market, by type, has been segmented into verrucous carcinoma, squamous cell carcinoma, lymphomas, minor salivary gland carcinomas, and others.
On the basis of treatment, the oral cancer treatment market has been segmented into surgery, chemotherapy, radiotherapy, photodynamic therapy (PDT), and others. The surgery segment is further sub-segmented into glossectomy, tumor resection, Mohs micrographic surgery, laryngectomy, and others. The chemotherapy segment has been sub-segmented into carboplatin, cisplatin, 5-fluorouracil (5-FU), and others.
Based on end-users, the global oral cancer treatment market has been segmented into hospitals & clinics, academic institutes, research organization, and others.
Regional Analysis:
By region, the global Oral Cancer Treatment Market has been segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa (MEA). Americas is projected to lead the global market owing to the exponentially rising patient population. The region is also witnessing a drastic rise in cancer expenditure which is forecasted to favor the expansion of the oral cancer treatment market in the region. Europe is the second-largest market for oral cancer. Rising investments in research & development are anticipated to fuel the growth of the oral cancer treatment market in the region. Asia Pacific has been projected to expand at the highest CAGR over the assessment period. The Middle East & Africa is poised to retain the least share of the market in the forthcoming years.
Competitive Tracking:
The key players participating in the global oral cancer treatment market are Qilu Pharmaceutical Co., Ltd. (Asia Pacific), Bristol-Myers Squibb Company (U.S.) Teva Pharmaceutical Industries Ltd. (Israel), F. Hoffmann-La Roche Ltd (Europe), Eli Lilly and Company. (U.S.), Merck & Co., Inc. (U.S.), Pfizer Inc. (U.S.), and Novartis AG (Europe).
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