Press Release

Global Nasopharynx Cancer Market to grow with a CAGR of 6.91%.

Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the Global Nasopharynx Cancer Market.

According to TechSci Research report, “Global Nasopharynx Cancer Market Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, Global Nasopharynx Cancer Market has valued at USD 701.08 million in 2022 and is anticipated to witness an impressive growth in the forecast period with a CAGR of 6.91% through 2028.  This can be due to collaborations and partnerships among leading companies with a diverse approach to merge the expertise of individual companies and to strengthen their position in the market.

Increasing awareness and screening efforts are important drivers for the Global Nasopharyngeal Cancer Market. Awareness campaigns educate the public about the risk factors, signs, and symptoms of nasopharyngeal cancer. This knowledge encourages individuals to seek medical attention when they experience symptoms or have risk factors, leading to earlier diagnoses. Early detection of nasopharyngeal cancer is associated with better treatment outcomes. When cancer is diagnosed at an early, localized stage, it is often more treatable, and there is a higher likelihood of achieving a cure or long-term remission. Public awareness campaigns can stimulate demand for cancer screening and diagnostic services. People who are aware of the risk factors may be more likely to undergo screenings, such as nasopharyngeal endoscopy or imaging studies, if they have symptoms or risk factors. Early detection and intervention can help reduce the overall burden of nasopharyngeal cancer on individuals and healthcare systems. It can lead to less aggressive treatments, shorter hospital stays, and lower treatment costs.

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Nasopharyngeal carcinoma is the name for a rare kind of nasopharyngeal cancer. The nasopharynx is located right above the roof of the mouth and at the base of the skull. A lump in the nose or neck, a painful throat, difficulty breathing or speaking, difficulty hearing, pain and ringing in the ears, or a headache are among the major symptoms of nasopharyngeal cancer.  The EBV antibody test, X-ray, ultrasound, endoscopy, biopsy, CT scan, MRI, PET scan, or PET-CT scan are the methods used to diagnose nasopharyngeal cancer.

In January 2022, an oral small molecule inhibitor called VK-2019 will be put through a phase 2 clinical study for patients with advanced Epstein-Barr Virus (EBV)-positive nasopharyngeal carcinoma (NPC), a rare kind of head and neck cancer, and lymphoma, announced by the Wistar Institute. 30 individuals with recurrent illness or illness that has gotten worse or not responded to usual treatment will be enrolled in the trial, which was organized by researchers at Stanford University School of Medicine. The purpose of the study is to evaluate the security and performance of VK-2019. Prior data from the phase 1 study in patients with advanced NPC, which showed encouraging outcomes, encouraged the start of the trial's phase 2. With a typical duration of response of fewer than six months, platinum-based chemotherapy is currently the first-line treatment for NPC following disease recurrence or metastasis.

Resistance to treatment is a significant challenge in the Global Nasopharyngeal Cancer Market, as it is in the broader context of cancer treatment. Resistance can occur in various forms and at different stages of therapy, posing difficulties for patients and healthcare providers. Resistance can lead to a reduced response to standard treatments such as chemotherapy and radiation therapy. When cancer cells become resistant, they continue to grow and spread despite treatment, making it harder to achieve remission or control the disease. Resistance can also develop in response to immunotherapy, which has shown promise in treating nasopharyngeal cancer. Immune checkpoint inhibitors may become less effective if cancer cells develop mechanisms to evade the immune system. To address resistance, researchers are exploring combination therapies that target multiple pathways or vulnerabilities within cancer cells. These combinations may include chemotherapy, targeted therapies, and immunotherapies.

Global Nasopharynx Cancer Market segmentation is based on Therapy, End User, and Region.

Based on Therapy, Global Nasopharynx Cancer Market is segmented into chemotherapy, immunotherapy, radiation therapy, and other therapy.  Radiation therapy, also known as radiotherapy or radiation oncology, is a medical treatment that uses high-energy radiation to target and kill or damage cancer cells. It is a common treatment approach for various types of cancer and may be used alone or in combination with other treatments, such as surgery or chemotherapy. Before starting radiation therapy, a treatment plan is developed to ensure that the radiation is delivered accurately to the tumor while sparing nearby normal tissues. This plan involves imaging scans, such as CT or MRI, to map the tumor's location and shape. Radiation therapy sessions are carefully scheduled and delivered by radiation therapists, who work under the guidance of a radiation oncologist. During external beam radiation therapy, the patient lies on a treatment table, and the machine is positioned to direct the radiation precisely at the tumor. The patient does not feel or see the radiation during treatment.

Based on Region, North America dominated the Global Nasopharynx Cancer Market. North America, particularly the United States and Canada, boasts a highly developed and advanced healthcare infrastructure. This includes a network of world-class cancer treatment centers, hospitals, diagnostic facilities, and research institutions. The availability of state-of-the-art medical technology and expertise has contributed to North America's dominance in cancer care. The United States has been a global leader in cancer research and innovation. Renowned cancer centers and academic institutions conduct cutting-edge research, clinical trials, and drug development, driving advancements in nasopharyngeal cancer treatment. North America has implemented various cancer screening and early detection programs. These initiatives help identify nasopharyngeal cancer at earlier, more treatable stages, contributing to higher survival rates and overall market dominance.

Asia-pacific region to fastest growth in the Global Nasopharynx Cancer Market. The Asia-Pacific region, particularly parts of Southeast Asia, has some of the highest nasopharyngeal cancer incidence rates in the world. Factors such as genetic predisposition, the prevalence of Epstein-Barr virus (EBV) infection, and environmental factors contribute to the elevated risk of nasopharyngeal cancer in this region. Changing demographics, including an aging population, can contribute to an increased incidence of cancer, including nasopharyngeal cancer. As the population ages, the risk of developing cancer generally rises. Rapid urbanization in many parts of the Asia-Pacific region has led to lifestyle changes, including shifts in dietary habits, increased tobacco use, and exposure to environmental pollutants. These changes can influence cancer risk and contribute to a growing caseload.

Some of the major companies operating in the Global Nasopharynx Cancer Market include:

  • Biocon Limited
  • Bristol Myers Squibb Company
  • Cyclacel Pharmaceuticals
  • F. Hoffman La-Roche Ltd.
  • Merck & Co., Inc.
  • Novartis AG
  • Pfizer, Inc
  • GlaxoSmithKline (GSK) PLC
  • Theravectys SA
  • Sanofi SA

 

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“Certain areas, particularly in North America, are projected to exert significant demand for to treat Nasopharynx Cancer as it on rise. The growth in the competitive landscape and the presence of well-established companies in the market, committed to enhance the overall wellbeing of people each year, are expected to contribute to a remarkable growth of the Global Nasopharynx Cancer Market in the forecast period," said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

Nasopharynx Cancer Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented by Therapy (chemotherapy, immunotherapy, radiation therapy, and other therapy), By End users (hospitals and clinics, ambulatory surgery centers, and other end users), and By Region, Competition and By Region, Competition evaluated the future growth potential of Global Nasopharynx Cancer Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide innovative market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Nasopharynx Cancer Market.

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