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Report ID: HC0039
Pages: 199
Base Year: 2023
Format: PDF
Historical Date: 2019-2022
MARKET SCOPE:
The global Oral Cancer Diagnosis market is projected to grow significantly, registering a CAGR of 7.9% during the forecast period (2024 – 2032).
Oral cancer diagnosis involves identifying and confirming the presence of cancerous conditions within the oral cavity, encompassing areas such as the lips, tongue, cheeks, gums, and the roof and floor of the mouth. This process employs various methods and techniques to detect abnormal cell growth or tumors, enabling early intervention and appropriate treatment. Timely diagnosis is critical for enhancing the likelihood of successful treatment and minimizing the impact of oral cancer on an individual’s health. Early detection is vital for effective treatment. Factors contributing to the risk of oral cancer include tobacco use, excessive alcohol consumption, human papillomavirus (HPV) infection, sun exposure (for lip cancer), and a family history of oral cancer. Regular dental check-ups, self-examinations, and awareness of potential symptoms can play a crucial role in early diagnosis, leading to improved outcomes for individuals at risk of oral cancer.
MARKET OVERVIEW:
Driver: Increasing prevalence of cancer worldwide is driving the market growth.
In recent years, the significance of oral cancer diagnostics has been on the rise due to the increasing incidence of oral cancer cases. According to a 2017 report from the National Institutes of Health (NIH), an estimated 370,309 individuals were affected by pharynx cancer and oral cavity cancer. Additionally, there was an annual increase of around 3% in newly reported cases of pharynx and oral cancer. The continuous growth in the prevalence of oral cancer has driven advancements in technology to enhance facilities and diagnostic tools, influencing the expansion of the market. Furthermore, major drivers of the market include the rising consumption of tobacco, alcohol, and cancers induced by the human papillomavirus (HPV).
Opportunities: Government Initiatives and improvement in the testing methods are expected to pave the way for market growth in the upcoming years.
Several companies are focusing on enhancing testing methods and equipment used during routine tests for individuals affected by cancer. They are working on the development of equipment known as Oral Cancer Rapid Testing Kit (OCRTK). This equipment has the capability to detect oral cancer in a shorter time frame and in an efficient manner. Technological advancements and the innovation of new and convenient products are expected to drive the global oral cancer market. The necessary components for these advancements include RNA, lipids, exosomes, and DNA. The emergence of new technologies that enhance immunity has increased opportunities for the development of oral cancer tests.
COVID IMPACT:
The onset of the COVID-19 pandemic has significantly influenced the oral cancer diagnostics market, causing notable disruptions, particularly in healthcare facilities, especially in underdeveloped countries in Africa and other developing regions. The entire cancer diagnosis sector, encompassing routine tests, screenings, patient follow-ups, and related activities, has experienced adverse effects. The disruptions induced by COVID-19 have heightened health risks for individuals diagnosed with cancer, leading to challenges such as delays in diagnosis, initiation of treatment, and the ongoing healthcare management for oral cancer patients. These disruptions have underscored the importance of addressing broader healthcare infrastructure issues and adapting strategies to ensure the continuity of essential diagnostic and treatment services during global health crises.
SEGMENTATION ANALYSIS:
The Oral squamous cell carcinoma segment is anticipated to grow significantly during the forecast period.
Oral squamous cell carcinoma (OSCC) stands as the most prominent segment, given its elevated prevalence among individuals worldwide. This type of carcinoma is found in the squamous cells that line the oral cavity. OSCC is closely linked to tobacco use, alcohol consumption, and HPV infection. Moreover, the increasing focus on research and innovation in OSCC, resulting in a range of treatment options including surgery, radiation therapy, chemotherapy, and targeted therapy, is contributing to market growth. Additionally, the growing awareness of risk factors and the intensified efforts for early detection and screening programs are further amplifying market growth.
The Hospitals and Clinic segment is anticipated to grow significantly during the forecast period.
The hospitals segment has obtained the leading share in the market, with this dominance attributed to the growing number of patients seeking medical care in hospitals. Additionally, the increasing prevalence of in-house diagnostic procedures conducted within hospital settings and a heightened awareness of the importance of early diagnosis contribute to the significant growth and prominence of the hospitals segment in the market.
REGIONAL ANALYSIS:
The North American region is set to witness significant growth during the forecast period.
The North and South America region is projected to be the dominant force in the oral cancer diagnostics market throughout the forecast period. This can be attributed to the presence of numerous key market players, a rising number of oral cancer cases, well-established and advanced technologies, as well as supportive government policies in developed countries such as Canada and the U.S. North America holds the largest market share, attributed to its advanced healthcare infrastructure and the presence of leading pharmaceutical and biotechnology companies actively involved in cancer research. The market is further propelled by the increasing prevalence of oral cancer linked to lifestyle factors such as tobacco and alcohol use. Moreover, the robust emphasis on cancer research aimed at developing novel treatment modalities, including targeted therapies and immunotherapies, serves as a key driver for market growth. Additionally, well-established healthcare policies and reimbursement frameworks that facilitate access to cancer treatment contribute significantly to the overall market expansion.
COMPETITIVE ANALYSIS
The global Oral Cancer Diagnosis market is reasonably competitive with mergers, acquisitions, and product launches. See some of the major key players in the market.
Scope of the Report
** In – depth qualitative analysis will be provided in the final report subject to market
Primary and Secondary Research
In order to understand the market in detail we conduct primary and secondary research. We collect as much information as we can from the market experts through primary research. We contact the experts from both demand and supply side and conduct interviews to understand the actual market scenario. In secondary research, we study and gather the data from various secondary sources such as company annual reports, press releases, whitepapers, paid databases, journals, and many other online sources. With the help of the primary interviews, we validate the data collected from secondary sources and get a deep understanding on the subject matter. Post this our team uses statistical tools to analyses the data to arrive at a conclusion and draft it in presentable manner.
Market Size Estimations
Understanding and presenting the data collected is a crucial task. Market sizing is a critical part of the data analysis and this task is performed by using Top-down and bottom-up approaches. In this process, we place different data points, market information and industry trends at a suitable space. This placement helps us presume the estimated & forecast values for coming few years. We use several mathematical and statistical models to estimate the market sizes of different countries and segments. Each of this is further added up to outline the total market. These approaches are individually done on regional/country and segment level.
Data Triangulation
As we arrive at the total market sizes, the market is again broken down into segments and subsegments. This process is called as data triangulation and is implementable wherever applicable. This step not only helps us conclude the overall market engineering process, but also gives an assurance on accuracy of the data generated. The data is triangulated based on studying the market trends, various growth factors, and aspects of both demand and supply side.