Head And Neck Cancer Diagnostics Industry Growth Expected to Reach $3.87 Billion by 2029 at a CAGR of 17.3% | Segmentation and Growth Opportunities
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What Is the Forecast for the Head And Neck Cancer Diagnostics Market Growth in 2025?
The market for diagnostics in head and neck cancer has witnessed swift expansion in the recent past. The market value is predicted to rise from $1.74 billion in 2024, to an estimated $2.05 billion in 2025, marking a compound annual growth rate (CAGR) of 17.4%. Factors contributing to this historic growth include rising tobacco and alcohol usage, an increasing elderly population, promotional health campaigns, advancements in biopsy methods, and the development of healthcare infrastructure.
What Is the Forecast for the Head And Neck Cancer Diagnostics Market Size Through 2029?
The market for diagnostics of head and neck cancer is projected to witness substantial growth in the forthcoming years, with projections suggesting it will reach $3.87 billion in 2029, expanding at a compound annual growth rate (CAGR) of 17.3%. The predicted growth during the forecasted era can be credited to elements like genomic biomarkers, the surge in cases of HPV-related cancers, amalgamation of artificial intelligence (AI), targeted therapies and immunotherapy, alteration in healthcare policies and reimbursements. Significant trends for the forecast period encompass dominance of liquid biopsy, multi-modality diagnostics, point-of-care diagnostics, international collaborations and partnerships, and incorporation of digital pathology.
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What are the Key Market Players in Head And Neck Cancer Diagnostics Market and How They’re Evolving?
Major companies operating in the head and neck cancer diagnostics market include F. Hoffmann-La Roche Ltd., Bristol Myers Squibb Co., Abbott Laboratories, Siemens Healthineers AG, BioNTech AG, Koninklijke Philips N.V., GE HealthCare Technologies Inc., Laboratory Corporation of America, Agilent Technologies Inc., Hologic Inc., Illumina Inc., Shimadzu Corporation, Sysmex Corp., Varian Medical Systems Inc., QIAGEN N.V., Exact Sciences Corp., Bio-Techne Corp., Carestream Health Inc., Myriad Genetics Inc., Cepheid Inc., Invitae Corporation, Accuray Inc., Canon Medical Systems Corporation, NanoString Technologies Inc, Asuragen Inc., Caris Life Sciences Inc., HTG Molecular Diagnostics Inc., Oncgnostics GmbH, Perseus Proteomics Inc., VolitionRx Ltd.
What Are the Primary Growth Drivers in the Head And Neck Cancer Diagnostics Market?
With the rise in the occurrence of head and neck cancer, the market for its diagnostics is anticipated to grow. Head and neck cancer is characterised by tumors that impact organs and tissues in the head and neck area, which can include the oral cavity, pharynx, larynx, salivary glands, nasal corridor, and sinuses. Performing diagnostic tests, like an incisional biopsy and a barium swallow test can help patients recognize the disease in the earlier stages. As an example, data from the American Society of Clinical Oncology in February 2023 revealed that head and neck cancer constituted 4% of all malignancies in the US, with an expected number of 66,920 individuals (49,190 men and 17,730 women) to be impacted by the disease in the USA in 2023. The disease influenced 562,328 individuals globally in 2020. Further, it was reported that in 2022, Australia had 5,189 new cases of head and neck cancer. As such, the increasing rate of head and neck cancer largely contributes to the expanding head and neck cancer diagnostics market.
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What Are the Leading Segments in the Global Head And Neck Cancer Diagnostics Industry?
The head and neck cancer diagnostics market covered in this report is segmented –
1) By Diagnostic Method: Diagnostic Imaging Equipment, Endoscopy Screening Equipment, Biopsy Screening Tests, Dental Diagnostic Methods, Other Diagnostic Methods
2) By Channel: Retail And Specialty Pharmacies, Hospital Pharmacies, Online Pharmacies
3) By End-User: Hospitals, Diagnostic Centers, Other End Users
Subsegments:
1) By Diagnostic Imaging Equipment: Computed Tomography (CT) Scans, Magnetic Resonance Imaging (MRI), Positron Emission Tomography (PET) Scans, X-rays
2) By Endoscopy Screening Equipment: Rigid Endoscopes, Flexible Endoscopes, Video Endoscopy Systems
3) By Biopsy Screening Tests: Fine Needle Aspiration (FNA) Biopsy, Core Needle Biopsy, Surgical Biopsy
4) By Dental Diagnostic Methods: Intraoral Cameras, Dental X-rays, Oral Cancer Screening Devices
5) By Other Diagnostic Methods: Molecular Diagnostics, Blood Tests, Genetic Testing
What Are the Key Market Trends in the Head And Neck Cancer Diagnostics Industry?
The advent of product innovation has proven to be a significantly rising trend in the head and neck cancer diagnostic market. The prominent players in the market are heavily investing in developing creative products to solidify their standing in the market. For example, in May 2023, Alkem Laboratories Ltd., a healthcare company based in India, introduced Cetuxa, the first biosimilar in the world for treating head and neck cancer. Cetuxa, akin to cetuximab, is a monoclonal antibody that impedes the receptor-mediated transduction pathway and exhibits anti-tumor characteristics. It binds to the extracellular domain of the epidermal growth factor receptor (EGFR). Typically, cetuximab is used in combination with chemotherapy or radiation therapy in a medical setting. It is potent for addressing locally advanced, reoccurring, or metastatic squamous cell carcinoma of the head and neck.
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What Is the Regional Outlook for the Head And Neck Cancer Diagnostics Market?
North America was the largest region in the head and neck cancer diagnostics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the head and neck cancer diagnostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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This Report Delivers Insight On:
1. How big is the head and neck cancer diagnostics market, and how is it changing globally?
2. Who are the major companies in the head and neck cancer diagnostics market, and how are they performing?
3. What are the key opportunities and risks in the head and neck cancer diagnostics market right now?
4. Which products or customer segments are growing the most in the head and neck cancer diagnostics market?
5. What factors are helping or slowing down the growth of the head and neck cancer diagnostics market?
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