Global Hodgkin’s Lymphoma Treatment Market - Segmented by Treatment Type and Geography - Growth, Trends and Forecasts (2018 - 2023)
The global Hodgkin’s Lymphoma treatment market is expected to register a CAGR of around 15%. Developed countries, such as the United States, Germany, United Kingdom, and Japan are expected to register robust growth.
Rising Incidence of Hodgkin’s Lymphoma
According to the American Cancer Society, estimates for Hodgkin’s disease in the United States for 2017 were about 8,260 new cases (3,610 women and 4,650 men), and about 1,070 deaths (440 women and 630 men) from this cancer. Such an increase in number of new cases diagnosed every year, has been driving the Hodgkin’s lymphoma treatment market. The Lymphoma Research Foundation is spreading awareness on lymphoma, and is also funding the research and development required to eradicate lymphoma.
Adverse Long-term Side-effects of Treatment
The treatment of Hodgkin’s lymphoma is associated with physical side-effects. People who received treatment for Hodgkin’s lymphoma have an increased risk of developing other diseases and conditions later. The side-effects can also result from cancer therapy, as radiation therapy and chemotherapy can cause permanent damage in patients. For instance, radiation therapy to the pelvic area can cause infertility, unless the ovaries or testicles are shielded during treatment. Some people have a higher risk of developing secondary cancer, especially myeloid leukemia, lung cancer, or breast cancer. Radiation therapy to the neck area can cause problems in thyroid gland, most commonly, hypothyroidism. Chemotherapy can result in suppressed blood cell formation, leading to anemia. Chemotherapy drugs kill cancer cells, but they could result in damage of normal cells as well. Several chemotherapy drugs, particularly anthracyclines, can cause heart damage, which may increase the risk of heart failure, over time. In the developing countries, reimbursement is low, which may hinder the growth of the market.
North America to Dominate the Market
The Hodgkin’s Lymphoma treatment market has been segmented by treatment type and geography. By geography, it has been segmented into North America, Europe, Asia-Pacific, the Middle East & Africa, and South America.
Due to the presence of well-established healthcare facilities, North America dominates the Hodgkin’s Lymphoma treatment market. However, the Asia-Pacific segment is expected to register the highest CAGR over the forecast period, as government and private firms are making significant investments on the healthcare industry. Over the last couple of years, there have several mergers, acquisitions, and collaborations between companies, to invest in the Japanese market.
Key Developments in the market