Market Trends of Global Nasopharyngeal Cancer Industry
This section covers the major market trends shaping the Nasopharyngeal Cancer Market according to our research experts:
Chemotherapy Segment is Expected to Witness Significant Growth Over the Forecast Period
The application of anti-cancer medications is known as chemotherapy (or "chemo"). According to American Cancer Society data updated in August 2022, for NPC, these medications are typically administered intravenously (IV) or orally as an infusion. The demand for chemotherapy is increasing with the increasing prevalence of NPC among the target population globally. The source also reported that there may be up to 25 to 30 cases per 100,000 men and 15 to 20 cases per 100,000 women in various regions of China. Thus, it is expected to fuel segment growth over the forecast period.
The research article published by the American Society of Clinical Oncology (ASCO) in April 2022 reported that the standard treatment for people with recurrent or metastatic NPC is a combination of chemotherapy using gemcitabine (Gemzar) and cisplatin (available as a generic drug), and as per the researchers, when Tislelizumab was used in combination with chemotherapy, it helped people with advanced NPC live longer.
In addition, the research article published by NCBI in January 2022 reported that the addition of chemotherapy reduced the risk of death, with an absolute survival increase in children aged 5 and older of 6.1% and 8.4%, respectively. Thus, such research in favor of chemotherapy is anticipated to drive segment growth.
Furthermore, the companies in the market are prioritizing product development and innovation to bring advanced therapies to NPC sufferers. Continuous product approvals are one of the major factors bolstering the segment's growth. For instance, in June 2022, the first-line treatment for patients with recurrent or metastatic nasopharyngeal carcinoma (NPC) using BeiGene's tislelizumab and chemotherapy will be approved by the China National Medical Products Administration (NMPA). As a result, related developments and clinical trials for several chemotherapy drugs are expected to increase, driving segment growth.
Thus, due to the rising incidence of NPCs and new product launches, the chemotherapy segment is poised to witness growth over the forecast period.
North America is Expected to Witness Significant Growth Over the Forecast Period.
North America is expected to witness significant growth over the forecast period owing to the rising prevalence of nasopharyngeal cancer cases and the high awareness among the population towards treatment and diagnosis in North American countries. Also, the region is dominated by the presence of key market players, which leads to technological advances and the release of new products, which drive the growth of the studied market over the next few years.
The rising cases of NPC in Canada are increasing the demand for its drugs and, thus, driving the growth of the studied market. For instance, the Cancer Genobocan database in 2020 reported that 298 NPC cases are expected to be reported in Canada in the year 2025, and this number is expected to increase by 398 by 2040.
Moreover, an article published by the journal Cancer Medicine in February 2022 reported that Mexico has reported a significant increase in NPC cases over the past decade. Thus, increasing cancer cases are increasing the demand for NPC drugs and thus driving the growth of the studied market in the region.
Also, the growth of the studied market in the region is being driven by regulatory approvals for the release of new drugs and research.For instance, in November 2021, the USFDA granted priority review to the first-line toripalimab regimen in advanced nasopharyngeal carcinoma. a biologics license application (BLA) for the combination of toripalimab (Tuoyi) plus gemcitabine and cisplatin for patients with advanced recurrent or metastatic nasopharyngeal carcinoma.
Thus, the increasing number of NPC cases and the clinical studies for the development of a new drug to treat NPC in the region are expected to accelerate the market's growth.
