Neuroblastoma Treatment Market Share | Statistics Report - 2028

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The latest report by Precision Business Insights, titled “Neuroblastoma Treatment Market” covers complete information on market size, share, growth, trends, segment analysis, key players, drivers, and restraints.

The global neuroblastoma treatment market size was valued at USD 442 billion in 2021 and is poised to grow at a significant CAGR of 3.6% during the forecast period 2022-28. One of the most frequent types of cancer in youngsters is neuroblastoma. The cancer is caused by embryonal malignancy in the sympathetic nervous system, which arises mostly from neuroblasts. Cancer of the nerve tissues of the adrenal, spinal cord, or chest occurs. Neuroblastoma is classified as a "rare disease" by the National Institute of Health (NIH) in the United States and Orphanet in Europe. Cancer is more common in children under the age of five, with a peak prevalence rate in the age group of 2-3 years.

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The rising demand for neuroblastoma therapy is partly due to people's growing knowledge of the need of cancer treatment. The growing prevalence of cancer and increased awareness of neuroblastoma radiation therapy are two important factors driving the growth of the neuroblastoma market. The demand for neuroblastoma market is being driven by the increasing usage of targeted medication therapy and advancements in immunotherapy. Furthermore, expanding research on irinotecan, temozolomide, and topotecan is increasing the chance of new Neuroblastoma treatments being adopted, resulting in increased need for Neuroblastoma treatment. The quick advancement of radiation treatment and technologies is critical in the early detection of genetic abnormalities. New and improved therapeutic therapies applying ultrasound to targeted deep parts of the brain and resulting in focused ultrasonic ablation for the treatment of neuroblastoma are developing as a preferred choice of treatment for neuroblastoma.

The neuroblastoma treatment market segmentation:
1) By Diagnostics: MIBG Scan, Imaging, Urine Analysis, and Biopsy
2) By Drugs: Crizotinib, Doxorubicin Hydrochloride, Cyclophosphamide, Vincristine Sulfate, and Others.
3) By Treatment: Surgery, Chemotherapy, High-Dose Chemotherapy with Stem Cell Support, Monoclonal Antibody Treatment, Radiotherapy, and Others.

Throughout the projected period, North America is anticipated to lead the global market. The high frequency of paediatric neuroblastoma in the region, as well as developed healthcare infrastructure, are some of the primary factors responsible for the region's considerable market share. Additionally, favourable government efforts and an increase in the number of research partnerships are likely to boost market expansion. Due to favourable healthcare legislation, a large number of patients, and a developed healthcare market, the United States has the largest share in this region. Every year, roughly 700 new instances of neuroblastoma are reported in the United States, according to the American Cancer Society's Cancer Statistics. The Asia Pacific (APAC) area, on the other hand, is expected to increase at a steady pace over the projection period. Increased public investment and improvements in healthcare infrastructure will be credited to this rise. Furthermore, certain technical breakthroughs, particularly in India as well as China, are making a significant contribution to the stable trend. In order to assure growth, the area will also offer chances – both profitable and unique – for market players to take advantage of.

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There are several industry players working in the Neuroblastoma Treatment Market, which include Bristol-Myers Squibb, Johnson Johnson, Pfizer, Teva Pharmaceutical, United Therapeutics, Amneal Pharmaceuticals, Inc.

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