The 7 major laryngeal cancer markets reached a value of US$ 2.9 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 4.1 Billion by 2034, exhibiting a growth rate (CAGR) of 3.46% during 2024-2034.
Report Attribute
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Key Statistics
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---|---|
Base Year | 2023 |
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 2.9 Billion |
Market Forecast in 2034
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US$ 4.1 Billion |
Market Growth Rate 2024-2034
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3.46% |
The laryngeal cancer market has been comprehensively analyzed in IMARC's new report titled "Laryngeal Cancer Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Laryngeal cancer refers to a type of oncological disease that originates in the larynx (voice box), which plays a crucial role in breathing, swallowing, and producing sounds for speech. There are two main types of this illness, including squamous cell carcinoma and adenocarcinoma. Squamous cell carcinoma is the most prevalent form and arises from the thin, flat cells lining the larynx, whereas adenocarcinoma begins in the glandular cells of the larynx and is less common in patients. Individuals suffering from the ailment may experience hoarseness or changes in voice, a persistent cough, a sore throat, difficulty swallowing, fatigue, ear pain, unexplained weight loss, a lump or swelling in the neck, etc. Laryngeal cancer is typically diagnosed through a combination of medical history evaluation, physical examination, and various diagnostic tests. A healthcare provider may also perform an endoscopy to evaluate the larynx by visualizing the vocal cords and surrounding tissues. Numerous other imaging studies, such as computed tomography (CT) scans, magnetic resonance imaging, X-rays, etc., are utilized to help in determining the extent and stage of cancer.
The increasing utilization of tobacco and alcohol, which cause irritation and damage to the tissues and cells of the larynx, is primarily driving the laryngeal cancer market. Additionally, the rising incidence of several associated risk factors, including a weakened immune system, human papillomavirus infections, genetic mutations, advancing age, etc., is also propelling the market growth. Besides this, the emerging popularity of checkpoint inhibitors, such as pembrolizumab and nivolumab, which boost the immune response to recognize and fight against cancerous cells, is acting as another significant growth-inducing factor. Furthermore, the inflating adoption of artificial larynx devices for patients who have undergone laryngectomy is also bolstering the market growth. These devices produce a sound that can be used to articulate speech, thereby offering flexibility in communication to individuals suffering from this condition. Moreover, the escalating application of robotic-assisted surgery, on account of its numerous benefits, such as improving the accuracy of tumor removal, preserving normal vocal cord function, and maintaining speech quality, is expected to drive the laryngeal cancer market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the laryngeal cancer market in the United States, EU4 (Germany, Spain, Italy, and France), United Kingdom, and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report, the United States has the largest patient pool for laryngeal cancer and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario, unmet medical needs, etc., have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the laryngeal cancer market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current laryngeal cancer marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Market Insights
Epidemiology Insights
Laryngeal Cancer: Current Treatment Scenario, Marketed Drugs and Emerging Therapies