Press release
Global Neuroblastoma Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Neuroblastoma Market
What Is the Neuroblastoma Market Size and Projected Growth Rate?
The neuroblastoma market's scale has been noticeably expanding in the past few years. It is projected to increase from $2.97 billion in 2024 to $3.15 billion in 2025, at a compound annual growth rate (CAGR) of 6.1%. The historical growth can be credited to an increase in the number of neuroblastoma cases, surge in research and development for pediatric neuroblastoma treatments, a rise in cases of childhood cancer, and a growth in government funding and aid.
Strong escalation is anticipated for the neuroblastoma market size in the upcoming years, with predictions stating it will reach a significant value of $3.93 billion in 2029, growing at a compound annual growth rate (CAGR) of 5.7%. The proliferation during the forecast period is attributed to factors like heightened government funding, rising disease prevalence, a concentrated effort on early detection, surged instances of genetic mutations, and an enhanced understanding thanks to research advancements. The forecast period will also see trends like the invention of drugs aimed at specific molecular pathways, breakthroughs in non-invasive imaging technologies, progress in gene-editing technologies, amplified focus on tailored treatment, and the creation of radiolabeled compounds.
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What Are the Major Segments in the Neuroblastoma Market?
The neuroblastoma market covered in this report is segmented -
1) By Product Types: Tablets, Vaccines, Other Product Types
2) By Treatment Type: Chemotherapy, Immunotherapy, Other Treatment Types
3) By Distribution Channel: Online, Offline
4) By End-User: Hospitals, Clinics
Subsegments:
1) By Tablets: Oral Chemotherapy Tablets, Targeted Therapy Tablets
2) By Vaccines: Immunotherapy Vaccines, Therapeutic Vaccines
3) By Other Product Types: Injectable Drugs, Monoclonal Antibodies, Cell Therapy Products
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What Are The Driving Neuroblastoma Market Evolution?
The escalation in the prevalence of cancer among children is predicted to foster the expansion of the neuroblastoma market. Childhood cancer, a group of malignancies that primarily impacts children and teens, often affects vital organs such as the brain, blood and bones, demanding specialized treatment strategies. This surge in childhood cancer is linked to elements like enhanced diagnostic methods, heightened awareness, environmental exposures, genetic tendencies, and progress in medical research. Treatment for neuroblastoma offers targeted therapies for such cancer in children, facilitating early and efficient interventions which reduce the chances of relapse and augment the results for young patients. For instance, the American Cancer Society, a US-based professional organization, projected that around 9,620 children under the age of 15 in the United States will be diagnosed with cancer in May 2024, a substantial increase from 5,290 cases in 2023. Hence, the escalating prevalence of cancer in children is propelling the expansion of the neuroblastoma market.
Which Firms Dominate The Neuroblastoma Market Segments?
Major companies operating in the neuroblastoma market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Eli Lilly and Company, Sartorius AG, Recordati S.p.A, United Therapeutics Corporation, BeiGene Ltd., MacroGenics Inc., Y-mAbs Therapeutics Inc., RedHill Biopharma Ltd., Clarity Pharmaceuticals Ltd., EUSA Pharma (UK) Ltd., US WorldMeds LLC, Healio Inc., Ascentage Pharma, Laboratorio Elea Phoenix S.A, Curis Inc., PersonGen BioTherapeutics (Suzhou) Co. Ltd., Essential Pharma S.A, Cellectar Biosciences Inc., Provectus Biopharmaceuticals Inc.
What Trends Are Expected to Dominate the Acquired Autoimmune Hemolytic Anemia Market in the Next 5 Years?
Leading firms in the neuroblastoma market are concentrating on the creation of sophisticated therapeutic options, specifically humanized anti-GD2 monoclonal antibodies, aiming to more effectively and securely combat cancer cells. A humanized anti-GD2 monoclonal antibody is innovatively designed to target GD2 molecules on cancer cells while reducing immune rejection through the integration of human elements. For instance, Renaissance Pharma Ltd., a British clinical-stage drug company, proclaimed the licensing in of Hu14.18K322A (Hu14.18) from St. Jude Children's Research Hospital in August 2023. This particular antibody is purposed for the treatment of newly diagnosed high-risk neuroblastoma, an uncommon and severe cancer prevalent in children. As per the agreement terms, Renaissance received sole rights to the development, production and commercialization of Hu14.18 in key international markets, including the United States, Canada, Europe, China, Japan, and Turkey.
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Which Is The Largest Region In The Neuroblastoma Market?
North America was the largest region in the neuroblastoma market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the neuroblastoma 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 Neuroblastoma Market?
2. What is the CAGR expected in the Neuroblastoma Market?
3. What Are the Key Innovations Transforming the Neuroblastoma Industry?
4. Which Region Is Leading the Neuroblastoma Market?
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