Market Trends of Global Hodgkin Lymphoma Treatment Industry
This section covers the major market trends shaping the Hodgkins Lymphoma Treatment Market according to our research experts:
Radiotherapy Segment is Expected to Register a Significant Growth over the Forecast Period
Radiotherapy is a well-established technique for destroying Hodgkin's disease cells by using high-energy beams or particles to kill cancer cells and may be delivered from a source outside the body, i.e., external beam radiation or internally, such as brachytherapy. Radiotherapy remains an integral component in the management of many patients with Hodgkin lymphoma, and its role is stage-dependent.
Many companies entered into a partnership to provide the radiopharmaceutical industry with a unique service solution for the treatment of cancers. For instance, in July 2021, Oncodesign, Covalab, CheMatech, and ABX-CRO entered into a partnership to launch the DRIVE-MRT (Molecular Radiotherapy) solution, which will have all technologies related to the validation of targets, the generation, and optimization of vectors, and the radiochemistry and PET/SPECT imaging techniques. Likewise, in May 2021, United Imaging, a China-based company involved in medical imaging and radiotherapy equipment, launched its uAIFI Technology Platform for MR and uExcel Technology Platform for PET/CT at the China International Medical Equipment Fair (CMEF).
North America Expected to Hold a Significant Market Share in the Hodgkin Lymphoma Treatment Market
North America is expected to hold a significant position in the global market due to the rising prevalence of Hodgkin lymphoma coupled with recent developments by key market players. For instance, the American Cancer Society's estimates for Hodgkin lymphoma in the United States for 2023 are about 8,830 new cases. Additionally, according to an article published by the American Journal of Hematology in September 2022, Hodgkin lymphoma affects 8,540 new patients annually and represents approximately 10% of all lymphomas in the United States. Due to the increasing burden of Hodgkin lymphoma cancer, the market is expected to grow in the region over the forecast period.
Various research and clinical trials have provided insight into Hodgkin's lymphoma treatment. For instance, in June 2022, Roswell Park Comprehensive Cancer Center showed that a combination of brentuximab vedotin (Bv) and standard chemotherapy is safe and more effective than standard chemotherapy in pediatric patients up to age 21 years with newly diagnosed high-risk Hodgkin lymphoma. Such studies will increase the market share by improving the advantages of the established treatment. Thus, the increasing number of new cases, developed healthcare infrastructure and advanced treatment options are contributing to the growth of the Hodgkin lymphoma treatment market.
