Global Anal Cancer Market – Highlights
The Global Anal Cancer Market is accruing pervasively due to the growing prevalence of this type of cancer, technological advancements, and the availability of effective treatments. Moreover, the increasing incidences of sexually transmitted diseases along with the growing number of geriatric populaces escalate the market on the global platform.
Acknowledging the traction, this market is vibrating with currently; Market Research Future (MRFR) in its recently published study report asserts that the global anal cancer market will grow exponentially by 2027, posting a phenomenal CAGR throughout the forecast period of (2017–2027). Undoubtedly, technological advancements transpired into the field of medical science is a predominant factor propelling market growth.
Changing lifestyles is a key reason responsible for increasing occurrences of the disease and eventually the growth of the anal cancer market.
Leading Industry Key Players
- ORYX
- Advaxis, Inc. (US)
- Genticel (France)
- Taiwan Liposome Company
- And others
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Anal Cancer Market – Segments
The MRFR analysis is segmented into four key dynamics for the convenience of understanding;
By Types : Squamous Cell Carcinomas, Adenocarcinomas, Perianal Skin Cancers, and Melanomas among others.
By Treatment : Chemotherapy, Radio Therapy, and Surgery among others.
By End-users : Hospitals, Clinics, and Research Institutes among others.
By Regions : North America, Europe, APAC, and the Rest-of-the-World.
Market Growth Factors
Other factors such as advent techniques to treat this type of cancer and the increased funding from the public and private sector in the drug development field are fostering the market growth. Additional factors such as the increasing investment transpired by the key players in the field of R&D of novel drugs are providing impetus to the market growth.
On the other hand, factors such as the heavy costs associated with the treatment of this cancer, side effects of surgeries like urinary incontinence & impotence, and surgical risks like heart attack, stroke, and blood clots are impeding the growth of the market. Besides, the loss of patent protection for drugs is one of the major factors obstructing market growth.
Human papillomavirus (HPV) vaccines have proven to be highly effective protection and believed that the HPV vaccines can protect both females and males against 80 percent of anal cancers. The incidence of HPV-related carcinomas has increased in anal cancers. Although the effect of the vaccine on adults who have already encountered high-risk strains of HPV is unclear, the aggressiveness of anal and other HPV cancers warrants the change.
Anal Cancer Market – Regional Analysis
Although the North American region accounts for the leading market for anal cancer possessing the largest market share, the European region is also a lucrative market for anal cancer, following the North American market closely. The market in these regions is fostered by the increasing number of patients suffering from the disease, well-developed technology, high healthcare expenditures, and the presence of leading market players.
Moreover, the proliferated healthcare sector alongside the growing anal cancer markets in the countries such as the US, Canada, Mexico, the UK, Germany, and France drive the market growth on a large scale in Europe and North America.
The Asia Pacific market for anal cancer is expected to perceive an exponential growth, emerging as one of the promising markets. Attributing to the huge patient population and the availability of low-cost procedures and drugs to treat the diseases, growing markets in Indian and China will lead the market growth.
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Furthermore, the research and development expenditure provided by the public and private associations, increasing competition among key players, rising healthcare expenditure, and amendments in reimbursement of healthcare policies are expected to foster the market growth in the APAC region.
Competitive Analysis
The market for anal cancer appears fragmented and fiercely competitive due to many large and small players churning the competition in the market. Through the strategic partnership, acquisition, expansion, product & technology launch, and collaboration, these players try to gain a competitive edge.
Industry/Innovation/Related News
November 30, 2018 – A research group at the University of Alabama (US), published their findings of the study they carried out for the treatments and vaccinations that can be repurposed for HPVs. Preclinical experiments indicate towards the cancer drugs vorinostat, belinostat and panobinostat that can be repurposed to treat infections caused by human papillomaviruses, or HPV.
Highly efficacious vaccines against HPV are Gardasil 9, which is recently approved and that immunizes against nine genotypes of HPV known to cause vulvar, cervical, vaginal and anal cancers. However, these vaccines need to be given before a person comes to a puberty age since it has no therapeutic efficacy against existing HPV infections.
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