Press release
Ophthalmic Treatment Demand Fuels Growth In Retinoblastoma Treatment Market: Key Factor Driving The Growth In The Retinoblastoma Treatment Market
Retinoblastoma Treatment Market Size
What Is the Expected Retinoblastoma Treatment Market Size During the Forecast Period?
The retinoblastoma treatment market, worth $2.03 billion in 2024, will grow to $2.16 billion in 2025 at a CAGR of 6.2%. Growth has been supported by rising research funding, recurrence risks, early detection and treatment efforts, increased awareness of cancers, and significant advances in oncology research.
The retinoblastoma treatment market is expected to grow strongly, reaching $2.7 billion by 2029 at a CAGR of 5.8%. Growth is driven by rising demand for ophthalmic treatments and surgeries, increasing incidences of retinoblastoma, more research and development activities, growing awareness about retinoblastoma treatment, and higher healare expenditure. Key trends include advancements in medical technology, improved diagnostic capabilities, investments in pediatric oncology, new product approvals, and infrastructure improvements.
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What Are the High-Growth Segments in the Retinoblastoma Treatment Market?
The retinoblastoma treatment market covered in this report is segmented -
1) By Type: Non-Hereditary Retinoblastoma, Hereditary Retinoblastoma
2) By Treatment Type: Surgery, Radiation Therapy, Laser Therapy (Photocoagulation), Cryotherapy, Thermotherapy, Chemotherapy, Ophthalmic Artery Infusion Chemotherapy, High-Dose Chemotherapy And Stem Cell Transplant
3) By Disease Stage: Intraocular Retinoblastoma, Extraocular Retinoblastoma
4) By Application: Hospitals, Cancer Institutes, Other Applications
Subsegments:
1) By Non-Hereditary Retinoblastoma: Unilateral Non-Hereditary Retinoblastoma, Bilateral Non-Hereditary Retinoblastoma
2) By Hereditary Retinoblastoma: Bilateral Hereditary Retinoblastoma, Unilateral Hereditary Retinoblastoma
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What Key Drivers Are Expected to Influence Future Retinoblastoma Treatment Market Growth?
Rising demand for eye care procedures is anticipated to grow the retinoblastoma treatment market. Aging, awareness, and technology improvements are increasing ophthalmic treatments. Retinoblastoma treatment helps address intraocular tumors and prevent disease progression. A UK health report in September 2023 noted over 4.09 million cataract surgeries in England in FY 2022, along with over 677,000 intravitreal injections and 10,900 retinal detachment surgeries. This trend supports the growth of the retinoblastoma treatment market.
Which Companies Hold the Largest Share Across Different Retinoblastoma Treatment Market Segments?
Major companies operating in the retinoblastoma treatment market are Johnson & Johnson Services Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Sanofi S.A., Bristol-Myers Squibb Company, Novartis AG, Pfizer Inc., GlaxoSmithKline Plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Baxter International Inc., Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Otsuka Pharmaceutical, Daiichi Sankyo Company, Taiho Pharmaceutical Co. Ltd., Icon Bioscience Inc., Ono Pharmaceutical Co. Ltd., Nippon Shinyaku Co. Ltd., Cadila Pharmaceuticals, Arcus Biosciences Inc., Sheba Medical Center, Cellceutix Corporation, Phio Pharmaceuticals Inc.
What Are the Major Trends Shaping the Retinoblastoma Treatment Market?
In the retinoblastoma treatment market, companies are exploring innovative treatments like oncolytic adenovirus therapies. For example, in February 2022, VCN Biosciences, a Spain-based biotechnology company, received orphan drug status from the FDA for VCN-01, an oncolytic adenovirus designed to treat retinoblastoma. VCN-01 selectively targets and destroys cancer cells while sparing normal cells, and has shown promising results in clinical trials, including complete remission in some patients.
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What Are the Emerging Geographies for The Retinoblastoma Treatment Market Growth?
North America was the largest region in the retinoblastoma treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retinoblastoma treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Retinoblastoma Treatment Market?
2. What is the CAGR expected in the Retinoblastoma Treatment Market?
3. What Are the Key Innovations Transforming the Retinoblastoma Treatment Industry?
4. Which Region Is Leading the Retinoblastoma Treatment Market?
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