PUBLISHER: The Business Research Company | PRODUCT CODE: 1409685
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409685
“Pediatric Neuroblastoma Treatment Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on pediatric neuroblastoma treatment market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for pediatric neuroblastoma treatment? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pediatric neuroblastoma treatment market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Pediatric neuroblastoma treatment refers to the medical interventions employed to address cancer or tumors affecting the nervous system in children. The treatment approach for neuroblastoma typically involves a combination of surgery, chemotherapy, radiation therapy, immunotherapy, and targeted therapy.
The primary types of pediatric neuroblastoma treatments include immunotherapy, chemotherapy, radiation therapy, and other supplementary approaches. Immunotherapy is a medical treatment that harnesses the immune system's capabilities to combat diseases. It is applied across different risk groups, including low risk, intermediate risk, and high risk, and is utilized by various end users such as hospitals, specialty clinics, and other medical facilities.
The pediatric neuroblastoma treatment market research report is one of a series of new reports from The Business Research Company that provides pediatric neuroblastoma treatment market statistics, including pediatric neuroblastoma treatment industry global market size, regional shares, competitors with a pediatric neuroblastoma treatment market share, detailed pediatric neuroblastoma treatment market segments, market trends and opportunities, and any further data you may need to thrive in the pediatric neuroblastoma treatment industry. This pediatric neuroblastoma treatment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The pediatric neuroblastoma treatment market size has grown rapidly in recent years. It will grow from $1.67 billion in 2023 to $1.84 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth observed in the historical period can be attributed to several factors, including advancements in treatment modalities, increased awareness leading to early diagnosis, ongoing research and development initiatives, collaborative efforts among healthcare professionals and organizations, and improved survival rates in the management of pediatric neuroblastoma.
The pediatric neuroblastoma treatment market size is expected to see strong growth in the next few years. It will grow to $2.58 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The anticipated growth in the forecast period can be attributed to factors such as the emergence of new therapies, the implementation of personalized medicine approaches, global health initiatives, increased access to treatment, and the active involvement of patient advocacy and support. Noteworthy trends expected in the forecast period include collaborative research initiatives, breakthroughs in gene therapy, developments in novel drug treatments, emphasis on early diagnosis and screening, and a continued focus on patient advocacy and support.
The anticipated increase in the number of new cases of pediatric neuroblastoma is poised to drive the growth of the pediatric neuroblastoma treatment market. The rising prevalence of neuroblastoma is fueling the demand for treatment alternatives for pediatric patients. Consequently, pharmaceutical corporations and other stakeholders are intensifying their investments in research and development, fostering innovation in the industry. Additionally, the advent of new diagnostic technology and screening procedures has facilitated the early detection of neuroblastoma, enabling prompt treatment and improved outcomes. For instance, a March 2023 article from the American Society of Clinical Oncology (ASCO) revealed that neuroblastoma affects approximately 700 to 800 youngsters in the United States each year, constituting 6% of all childhood malignancies. Moreover, neuroblastoma impacts around 90% of children under the age of five. Therefore, the increasing incidence of new cases of pediatric neuroblastoma is a significant driver of the pediatric neuroblastoma treatment market.
The ongoing improvement in healthcare infrastructure is expected to contribute to the growth of the pediatric neuroblastoma treatment market. Healthcare infrastructure, encompassing organizational and physical structures, processes, and resources, serves as the foundation for the diagnosis, treatment, and support of pediatric neuroblastoma patients. The various components of healthcare infrastructure collaborate to deliver comprehensive treatment, stimulate research and innovation, and enhance the overall health of children with neuroblastoma. For instance, in March 2022, the Department of Health and Aged Care in Australia announced a record investment of $132 billion in 2022-23 for healthcare infrastructure, with plans to increase it to $140 billion in 2025-26, totaling $537 billion over the next four years. Therefore, the ongoing enhancement of healthcare infrastructure is propelling the pediatric neuroblastoma treatment market.
Research and development emerge as a key trend gaining popularity in the pediatric neuroblastoma treatment market. Major companies in this sector are directing their efforts toward advanced research and development to maintain their positions. For instance, in March 2021, Ascentage Pharma Group Inc., a US-based pharmaceutical company specializing in novel cancer therapies, disclosed that the US Food and Drug Administration (FDA) had granted alrizomadlin (APG-115) a rare pediatric disease (RPD) designation for treating neuroblastoma. Alrizomadlin, an orally administered, selective, small-molecule antagonist of the MDM2 protein, aims to stimulate the tumor-suppressive activities of p53 by inhibiting the MDM2-p53 protein-protein interaction.
Major companies in the pediatric neuroblastoma treatment market are adopting a strategic partnership approach to develop novel drugs for high-risk neuroblastoma. Strategic partnerships involve leveraging each other's strengths and resources for mutual benefits and success. For instance, in August 2023, Renaissance Pharma Ltd., a UK-based biopharmaceutical company, entered into a license agreement with St. Jude Children's Research Hospital for Hu14.18, a humanized antibody developed for managing newly identified high-risk neuroblastoma. Hu14.18, a humanized anti-GD2 monoclonal antibody, demonstrated promising outcomes in a Phase II study, and the licensing agreement grants Renaissance Pharma exclusive development, production, and commercialization rights in various regions, including the United States, Canada, Europe, China, Japan, and Turkey. St. Jude Children's Research Hospital is a renowned US-based research institution.
In March 2022, Recordati S.p.A., an Italy-based pharmaceutical group, acquired EUSA Pharma (UK) Ltd. for $824.28 million. The acquisition is expected to provide Recordati with an expanded portfolio of pharmaceuticals for rare diseases, including treatments for pediatric neuroblastoma. EUSA Pharma (UK) Ltd. is a UK-based specialty pharmaceutical company specializing in pediatric neuroblastoma treatment.
Major companies operating in the pediatric neuroblastoma treatment market report are United Therapeutics Corporation, APEIRON Biologics AG, Baxter International Inc., Cell Ectar Biosciences Inc., Pfizer Inc., MacroGenics Inc., Bayer AG, Provectus Biopharmaceuticals Inc., Sartorius AG, Y-mAbs Therapeutics Inc., Amgen Inc., Eli Lilly and Company, F. Hoffmann-La Roche AG, Clarity Pharmaceuticals, CureSearch for Children's Cancer, Novartis AG, LEO Pharma A/S, UCB SA, Johnson & Johnson Services Inc., Abbott Laboratories, AbbVie Inc., Merck & Co. Inc., Sanofi SA, GlaxoSmithKline plc, Bristol-Myers Squibb Company, Takeda Pharmaceutical Company Limited, Astellas Pharma Inc., Boehringer Ingelheim International GmbH, Daiichi Sankyo Company Limited, Eisai Co. Ltd
North America was the largest region in the pediatric neuroblastoma treatment market in 2023. The regions covered in the pediatric neuroblastoma treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the pediatric neuroblastoma treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The pediatric neuroblastoma treatment market consists of revenues earned by entities by providing pediatric neuroblastoma treatment services such as stem cell therapy, supportive care and blood transfusions. The market value includes the value of related goods sold by the service provider or included within the service offering. The pediatric neuroblastoma treatment market also includes sales of pain management medications, chemotherapy drugs and immunotherapy agents which are used in providing pediatric neuroblastoma treatment services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.