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Head and Neck Cancer - Pipeline Assessment and Market Forecast to 2017
Head and Neck Cancer - Pipeline Assessment and Market Forecast to 2017
Head and Neck Cancer Market is Market is Estimated to Roughly Double in Size by 2017
Hyderabad,
AP,
India
(prbd.net)
26/10/2010
GlobalData expects the global head and neck cancer therapeutics market to grow at a rate of 7.6% annually for the next seven years to reach $1,854m by 2017. It was valued at $1,035m in 2009. This significant growth is primarily attributed to the high incidence, prevalence and diagnosis rate of the disease and the high prescription rates of the currently approved products. In addition, the successful launch of certain biologics, gene therapies and vaccines such as Reolysin, OncoVEX and nimotuzumab, currently in Phase III, may significantly stimulate market growth in the near future. However, the low treatment seeking rate and the widespread use of off-label drugs will act as barriers for market growth.
GlobalData’s analysis has found that the current competition in the head and neck cancer market is weak. The competitive landscape is sparsely populated with only two FDA (Food and Drug Administration)-approved products. The market is characterized by high off-label usage of drugs such as cisplatin, paclitaxel carboplatin and combination therpaies. The currently marketed products are not highly efficacious and so are not able to meet market demands such as improved five-year survival rates, reductions in tumor sizes and the control of tumor recurrence. However, the development of technologically advanced products such as vaccines, gene therapy and biologics in different stages of the pipeline promises to provide better options for treatment.
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http://www.globaldata.com/reportstore/Report.aspx?ID=Head-and-Neck-Cancer-Drug-Pipeline-Analysis-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Pharmaceuticals_and_Healthcare
GlobalData has found that there are 405 products in different stages of development. Reolysin, Oncovex and nimotuzumab, currently in Phase III, are some of the most promising products in the pipeline. Biologics, gene therapy, vaccines and other molecular targeted therapies make the pipeline robust enough to meet the unmet needs of the head and neck cancer market. The pipeline holds novel products which are technologically advanced and have high efficacy and safety profiles. The efficacy and safety of biologics such as nimotuzumab (approved in 23 countries and undergoing Phase III studies in the US) are high in terms of complete response, progression-free survival, improved tolerability and high safety profiles. Additionally, some of the oncolytic vaccines currently in Phase III, such as Oncovex, offer systematic benefits by inducing a potent anti-tumor immune response, as well as the prevention of new lesions and a lowering of the relapse rate.
GlobalData, the industry analysis specialist’s new report, “Head and Neck Cancer - Pipeline Assessment and Market Forecast to 2017” is an essential source of information and analysis on the global head and neck cancer market. The report identifies the key trends shaping and driving the global head and neck cancer market. The report also provides insight on the prevalent competitive landscape and the emerging players expected to bring significant shift in the market positioning of the existing market leaders. Most importantly, the report provides valuable insight on the pipeline products within the global head and neck cancer sector. This report is built using data and information sourced from proprietary databases, primary and secondary research and in house analysis by GlobalData’s team of industry experts.
For further details, please click or add the below link to your browser:
http://www.globaldata.com/reportstore/Report.aspx?ID=Head-and-Neck-Cancer-Drug-Pipeline-Analysis-and-Market-Forecasts-to-2016&ReportType=Industry_Report&coreindustry=Industry_Report&Title=Pharmaceuticals_and_Healthcare
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