Neuroblastoma Treatment Market Size Key Vendors, Demand, Development Strategy Demographic, Geographic Segment by 2030
Neuroblastoma Market Overview
The global neuroblastoma is anticipated to hold a market value of
2.60 billion in 2017 and is expected to grow at a CAGR of 3.7% during the
forecast period. Neuroblastoma is a childhood cancer most commonly occurs in children
below the age of 5 years. The neuroblast may cause due to the immature cell
growth or mutation in the gene responsible for controlling cell proliferation.
The increasing cases of childhood cancer, rising research on neuroblastoma
treatment and increasing spending on cancer treatment is expected to drive
market growth over the forecast period.
According to the American Society of Clinical Oncology (ASCO)
April 2018 publication, every year, more than 700 children get diagnosed with
neuroblastoma in the US and it is also indicated that neuroblastoma is the most
common cancer in children younger than 1 year. It is more commonly found in
boys compare to girls. The increasing cases of childhood cancer boost market
growth during the forecast period.
Despite the drivers, shortage of trained healthcare specialists
and the high cost of this therapy can restrain the market growth over the
assessment period.
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Neuroblastoma Market Segmentation
The global neuroblastoma market has been segmented
into diagnostics, treatment, and end user.
The market, on the basis of diagnostics, has been segmented into
various tests, MIBG scan, imaging, and biopsy. The tests are further
sub-segmented into bone marrow, tissue, urine, and blood.
The market, by treatment, has been segmented into surgery,
chemotherapy, radiation therapy, stem cell transplant, immunotherapy, and
monoclonal antibody treatment.
On the basis of end user, the global neuroblastoma market has
been segmented into hospitals ambulatory surgical centers, diagnostic centers,
research centers, and others.
Neuroblastoma Market Regional Analysis
Geographically, the Americas is expected to dominate the global
neuroblastoma market owing to the presence of well-developed healthcare sector,
rising prevalence of infant cancer cases, and growing expenditure for the
healthcare sector. Europe is expected to hold the second largest position in
the global neuroblastoma market owing to the growing number of child healthcare
centers for cancer treatment and raising awareness about the treatment for
neuroblastoma. According to the Cancer Research UK May 2018 publication, around
100 infants are detected with neuroblastoma every year in the UK. This provides
favorable backgrounds for the neuroblastoma market to grow.
Asia-Pacific is expected to be the fastest growing market owing
to the increasing children cancer base and increasing developments in the
healthcare segment.
According to the Neuroblastoma Australia organization October
2018 article, every year approximately 40 cases of neuroblastoma are indicated
in Australia due to some unknown genetic problems which will support the market
growth.
Furthermore, the Middle Eastern and African region is expected to
account for the least market share in the global market.
Key Players
Some of the prominent players in the global neuroblastoma market
are United Therapeutics Corp., APEIRON Biologics AG, LUMITOS AG, NANTGE
Healthcare, Pfizer Inc., GL Pharm Tech Corporation, Aetna Inc, RxStrategies,
Inc., and others.
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