Preliminary analysis of the global cervical cancer treatment market anticipates a moderate growth outlook for the market during the next few years to come. The market is anticipated to expand as more women demand cervical cancer diagnostic tests for early detection.
Market Analysis in Brief
With more than 600,000 new cases and over 342,000 fatalities recorded by the end of 2020, cervical cancer is the fourth most frequent cancer in women worldwide, suggest the World Health Organization Updates from February 2022. Nearly 90% of all new diagnosed cases, and fatalities reportedly occur in the low- and middle-income countries. Due to the rising incidence of cervical cancer in women around the world, the cervical cancer treatment market has experienced significant expansion in the recent past. The general public's growing awareness of cervical cancer's diagnosis, prevention, care, and treatment is expected to significantly contribute toward the expansion of the cervical cancer treatment industry. Moreover, excessive tobacco smoking, weak immune system, unsafe sex life, as well as certain genetic factors further strengthen the case.
Key Report Findings
Governments’ Take on Rising Prevalence of Cervical Cancer
The cervical cancer treatment market is expanding as a result of favorable government initiatives aimed at preventing the disease, rising cervical cancer prevalence, growing public awareness of the importance of early detection, and vigorous R&D by major manufacturers of drugs and diagnostic tools for the disease. For instance, the World Health Organization (WHO) launched a global initiative to speed up the elimination of cervical cancer in November 2020 after the World Health Assembly adopted a resolution by 194 countries. The WHO also achieved a historic first by committing to the three crucial steps of vaccination, screening, and treatment to eradicate a malignant disease.
Pap-Smear Tests and Increasing HPV Use
Over 80% of instances of cervical cancer occur in women from low-resource and developing nations, shows research. The difficulty in implementing cytology-based screening programs also dramatically prolongs the time between cervical cancer treatments in countries like India. According to medical professionals, a thorough pre-screening approach is essential for spotting early cervical epithelial alterations. The Pap-Smear test remains the most popular screening procedure for precancerous cervical intraepithelial neoplasia and early-stage invasive cervical cancer. The segment will thus continue to lead the cervical cancer treatment market. The Centers for Disease Control and Prevention (CDCNational)'s Breast and Cervical Cancer Early Detection Program (NBCCEDP) supports low-income women, both uninsured and insured, in receiving timely screenings.
Large-scale Investments in Healthcare System's Infrastructure
Government funding is the main source for upgrading the healthcare infrastructure in developing countries, which is likely to expand access to healthcare. It is anticipated that this will lead to an increase in demand for cervical cancer treatment. Due to the rise in the frequency of chronic cardiac illnesses, notably cervical cancer, in emerging countries, the global cervical cancer treatment market offers attractive potential. Further advancements led to the US Food and Medicine Administration (FDA) approving Merck's drug Keytruda, which intends to offer a second-line alternative for treating persistent, recurring, and metastatic cervical cancer. In a trial by the NIH, TIL therapy showed total remission of cervical cancer that had migrated to other organs.
The COVID-19 Impact
With regard to cervical screening, precancer treatment, and the management of abnormal screening test results, the COVID-19 pandemic caused considerable disruptions in elective health services. Increased cervical cancer cases could result from this, widening the gap between the sexes' health status. Several organizations have been investing effort in developing strategies to lessen the impact of the disruption to cervical treatment and screening. Such initiatives are anticipated to increase demand for treatment during the anticipated period, in turn fostering the cervical cancer treatment market.
Lack of Awareness Among Consumers
The development of the cervical cancer treatment market is hampered by a lack of knowledge about the disease as well as other misconceptions. The disease's late diagnosis is a major contributing factor in many women's deaths from cervical cancer. Because of ignorance, many avoid getting sick, which delays getting diagnosed and receiving medication or treatment. Approximately 318 women from the general outpatient clinic were reportedly interviewed as part of a study at the Bowen University Teaching Hospital (BUTH) in Nigeria to gauge their degree of knowledge about cervical cancer. With the main sources of information being health talks and hospital workers, the degree of awareness for cervical cancer was 22.6%, and for screening tests, it was 17.9%.
Overview of Key Segments
Squamous Cell Carcinoma Category to Dominate
In the global cervical cancer treatment market, the squamous cell carcinoma segment outperformed the other segments in terms of revenue share. The most frequent kind, representing more than 85% of all identified cases, is squamous cell carcinoma (SCC). If left untreated, the cervix's High-Grade Squamous Intraepithelial Lesion (HSIL) may develop into SCC. Regular use of Pap tests for screening aids in the early identification and diagnosis of SCC. Women of certain racial groups, such as Hispanic and African-American women, are more likely to develop cervical adenocarcinoma. As seen under a microscope, the histology is used to distinguish between SCC, and adenocarcinoma. The least common type of adenosquamous carcinoma affects tissues that can be both squamous and glandular in the cervical region.
Hospital Pharmacy Key Demand Generator
In the forecast period, the hospital pharmacy segment held the largest cervical cancer treatment market share, and it is anticipated that it will continue to rule the market during the forecast period. Cervical cancer is the leading cause of death in eastern, western, middle, and southern Africa. It is anticipated that these figures would raise demand for cancer therapies during the projection period. The disease of cervical cancer severely burdens middle-aged women all over the world. A middle-class person's primary point of contact for medical care is also the neighborhood hospital. Despite the fact that its identification is a cause for alarm in and of itself, cervical cancer can be defeated with the appropriate therapy from the right specialist at the right time.
Cervical Cancer Treatment Market: Regional Landscape
North America Reigns Supreme
Over the forecast period, it is anticipated that the North American cervical cancer treatment market will account for the largest revenue share. The significant market share is attributable to the high disease prevention knowledge among women in the area and the numerous programs initiated to prevent cervical cancer, which has expanded the reach of insurance coverage for cervical screening tests, particularly for low-income women.
Cervical cancer has been detected as one of the leading causes of death for women in the US. The American Cancer Society estimates that in 2020, roughly 13,800 newly diagnosed instances of invasive cervical cancer, and 4,290 women lost their lives to the disease. With the growing use of screening, the death rate from cervical cancer has decreased over the previous 40 years, often by more than 50%.
Opportunities Flock Asia Pacific
Asia Pacific’s cervical cancer treatment market is anticipated to experience stable revenue growth throughout the forecast period ascribed to rising disease prevalence and consumer awareness, as well as improvements in oncological disease detection and treatment technology. The growing economy in the Asia Pacific region and the resulting focus on preventative healthcare drive the market.
The main drivers of the cervical cancer treatment market growth here, are the pacing adoption of better technologies, an increase in consumer awareness, and an increase in the number of health initiatives by commercial and public organizations. On account of the growing population, the incidence of diseases, and the demand for affordable treatments, it is anticipated to increase steadily over the forecast period. The popularity of biosimilars in developing nations like China, and India may change the region's therapeutic environment.
Global Cervical Cancer Treatment Market: Competitive Landscape
A few of the players in the cervical cancer treatment market include Johnson & Johnson Private Limited (U.S.), Mylan N.V. (U.S.), Sun Pharmaceutical Industries Limited(Mumbai), Sanofi S.A.( France), CLOVIS ONCOLOGY (U.S.), Bayer AG (Germany), Lilly (U.S.), Merck & Co., Inc. (U.S.), GSK plc (U.K.), Novartis AG (Switzerland), AbbVie Inc. (U.S.), Vivesto AB (Sweden), Alnylam Pharmaceuticals, Inc (U.S.), Biocon (India), Genentech, Inc (U.S.), and Hetero (India).
Recent Notable Developments
In August 2021, Affinivax Inc. was purchased by UK-based pharmaceutical manufacturer GSK for an unknown sum. GSK Company seeks to diversify its technology-based medicinal research portfolio through this acquisition. AffinivaxInc. is a biopharmaceutical company with headquarters in the US that specializes in delivering drugs, including those for cervical cancer.
Regional Classification of the Global Cervical Cancer Treatment Market is Described Below:
Middle East and Africa
*Regions and countries are subject to change based on data availability
Key Elements Included In The Study: Global Cervical Cancer Treatment Market
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