Saudi Arabia Head and Neck Cancer Therapeutics Market Analysis

Saudi Arabia Head and Neck Cancer Therapeutics Market Analysis


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The Saudi Arabia Head and Neck Cancer Therapeutics Market was valued at $98.07 Mn in 2023 and is predicted to grow at a CAGR of 14.00% from 2023 to 2030, to $245.40 Mn by 2030. The key drivers of this industry include government initiatives, advanced treatment options, and growing medical tourism. The industry is primarily dominated by players such as Pfizer, Merck, Novartis, and AstraZeneca among others.

CATEGORY: Pharmaceuticals GEOGRAPHY: Saudi Arabia AUTHOR: Aashwi Mehta

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Saudi Arabia Head and Neck Cancer Therapeutics Market Executive Summary

The Saudi Arabia Therapeutics Market was valued at $98.07 Mn in 2023 and is predicted to grow at a CAGR of 14.00% from 2023 to 2030, to $245.40 Mn by 2030.

Head and neck cancer sites include the squamous cells lining the mucosal surfaces of the head and neck—such as those within the mouth, throat, and larynx (voice box). Head and neck cancers can also start in the salivary glands, sinuses, muscles, or nerves in these areas. Common risk factors include tobacco use, alcohol use, infection with Human Papilloma Virus (HPV), etc. The symptoms of head and neck cancer might include a painful lump in the neck, an ulcer in the mouth or throat that does not go away, trouble swallowing, and a change in voice that sounds hoarse.

Head and neck cancers (HNCs) affect mostly the adult and elderly population in Saudi Arabia and make up 5% of all malignancies diagnosed each year. Significantly, 98% of HNC cases affect people over 40, with 50% of cases affecting people over 60. The early stages of HNCs have an 89% survival rate, but the latter stages have a sharp decline to a 27% survival rate. The market is driven by significant factors like government initiatives, advanced treatment options, and growing medical tourism. However, lack of awareness, higher costs, and side effects related to treatment restrict the growth and potential of the market.

Prominent players in this field include Pfizer, Merck, Novartis, and AstraZeneca among others.

Saudi Arabia Head and Neck Cancer Therapeutics Market Report 2023 to 2030

Market Dynamics

Market Growth Drivers

Government Initiatives: The market for head and neck cancer treatments is driven by Saudi Arabia's significant investments in advancing local research and higher education through training programs and publicly sponsored scholarship programs, as well as the strategic framework of Saudi Vision 2030's emphasis on innovation and scientific research. These initiatives encourage the development of successful head and neck cancer treatments in Saudi Arabia by strengthening the nation's research capacities, encouraging innovation in cancer therapy, and attracting investments.

Advanced Treatment Options: The head and neck cancer therapeutics market in Saudi Arabia is driven by advanced therapy options that enhance patient outcomes and survival rates. More efficient, individualized treatments are provided by innovations like immunotherapies and targeted therapies, which attract patients and healthcare professionals and expand the market.

Growing Medical Tourism: The head and neck cancer therapy market in Saudi Arabia is driven by growing medical tourism, which brings in foreign patients looking for cutting-edge and affordable therapies. With an anticipated growth rate of 22.52% by 2029, the medical and wellness tourism market in Saudi Arabia is estimated to be worth $0.16 Bn as of 2023. The nation's investment in state-of-the-art healthcare facilities, highly qualified medical personnel, and all-inclusive cancer care services strengthens its standing as a center for medical tourism, which in turn drives up demand for head and neck cancer treatments and drives market expansion.

Market Restraints

Lack of awareness: In Saudi Arabia, a lack of knowledge regarding head and neck cancer causes delayed diagnoses and less treatment-seeking behavior, which restrains the market. This lowers the total demand for therapeutic options, impeding the development of the market and the implementation of early, more effective treatment approaches.

High Cost of Treatment: Cancer imposes a significant economic burden on patients, their families, and healthcare providers in Saudi Arabia. The high out-of-pocket (OOP) costs for specialized treatment and therapy, impact household expenditure, posing a restraint on the renal cancer therapeutics market.

Side Effects of Treatment: Treatments for head and neck cancer, like radiation and chemotherapy, often cause severe side effects such as mucositis, dysphagia, and xerostomia, significantly impacting patients' quality of life. These side effects can lead to medication non-compliance, making treatment adherence and effectiveness more challenging, thereby reducing overall demand for these therapies and acting as a market restraint.

Regulatory Landscape and Reimbursement Scenario

The Ministry of Health (MoH) and the Saudi Food and Drug Authority (SFDA) are the main regulatory agencies for drugs in Saudi Arabia. The SFDA is in charge of monitoring adverse drug reactions, supervising the pharmaceutical approval process, and regulating the efficacy, safety, and quality of medications.

Competitive Landscape

Key Players

Here are some of the major key players in the Saudi Arabia Head and Neck Cancer Therapeutic Market:

  • Merck
  • Bristol Myers Squibb
  • AstraZeneca
  • Pfizer
  • Eli Lilly and Company
  • Novartis
  • Sanofi
  • Amgen
  • Roche
  • Takeda Pharmaceuticals

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Saudi Arabia Head and Neck Cancer Therapeutics Market Segmentation

By Treatment

  • Targeted Therapy
  • Immunotherapy
  • Radiation Therapy
  • Surgeries

By End Users

  • Hospitals
  • Specialty Centers
  • Ambulatory Surgical Centers

By Distribution Channel

  • Hospital-based pharmacies
  • Retail pharmacies
  • Online pharmacies

By Route of administration

  • Injectable
  • Oral

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 27 June 2024
Updated by: Keta Vora

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