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Follow on Google News | GlobalData: Head and Neck Cancer on reports-research.comGlobalData, 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.
By: reports-research.com Head and Neck Cancer Market is Market is Estimated to Roughly Double in Size by 2017 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. Sparsely Populated Market Consisting Of only two Approved Products (Erbitux and Taxotere) 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)- Strong Pipeline is Expected to Bring Novel and Efficacious Products to the Market 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- These products are expected to meet the market’s unmet needs and will give physicians more choice in treating head and neck cancer. It may also lead to an intensely competitive market landscape for which the existing market leaders will have to be prepared. In summary, the global head and neck cancer market is heading towards a highly competitive landscape. Current Treatment Options Leave Significant Unmet Need The current head and neck cancer therapeutics market is slightly competitive with only two approved products, the last of which was approved in 2004. Other marketed products, such as cisplatin, paclitaxel and carboplatin, are used as off-label drugs. This clearly indicates that the market is currently faced with a high level of unmet needs in terms of safety and efficacy. The efficacy of the currently marketed products (Taxotere and Erbitux) is moderate in terms of the management of the disease. Erbitux has a better safety profile than Taxotere, which is associated with serious adverse events. However, both of the marketed products have some serious side effects such as neutropenia, anemia, severe hypersensitivity, serious infusion reactions, cardiopulmonary arrests and severe fluid retention. Because the current therapeutic landscape lacks drugs with first-rate safety and efficacy profiles, the market continues to present opportunities for stronger pipeline candidates. The extent of unmet needs in the head and neck cancer therapeutics market is considered to be high and can be fulfilled by technologically- GlobalData: Head and Neck Cancer – Pipeline Assessment and Market Forecast to 2017: http://www.reports- GlobalData: More market data and market reports: http://www.reports- # # # markt-studie.de founded in 2002 has emerged as a leading online portal for market surveys and market research in German speaking areas. Four years later the English language portal reports-research.com was introduced due to the extraordinary success of the portal. Again one year later estudio-mercado.es - the Spanish spoken portal - was founded. The objective of the three portals is to competently and efficiently support consultants and decision makers in management, sales and marketing in the search for worldwide market research. Prospective buyers can look into more than 60,000 market surveys from more than 200 international publishers, current market data for more than 6,000 branches worldwide, 10,000 company profiles as well as a free-of-charge research and recommendation service for individual market research. End
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