Neuroblastoma Market grow at 3.7% CAGR forecast 2020-2027
Global Neuroblastoma Research Report: Information by Diagnostics (MIBG Scan and Biopsy), by Treatment (Surgical), and by End User (Hospitals and Others)—Forecast till 2027
Neuroblastoma cases have increased significantly due to a range of factors from genetic to environmental factors. Reports that gauge the healthcare industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is projected to reach a CAGR of 3.7 % in the course of the forecast period.
Increased detection of cases related to neuroblastoma is primarily due to better detection methods and genetic predisposition to the disease. The neuroblastoma market is expected to gather traction primarily due to research being conducted to treat the disease as well as better detection and treatment methods. Moreover, better knowledge of symptoms and diagnostic equipment is expected to motivate the market in the coming period.
Segmental Analysis
The segmentation of the neuroblastoma market has been conducted on the basis of treatment, diagnostics, and end user. Based on diagnostics, the neuroblastoma market has been segmented into MIBG scan, various tests, imaging, and biopsy. On the basis of treatment, the neuroblastoma market has been segmented into surgery, chemotherapy, stem cell transplant, radiation therapy, immunotherapy, and monoclonal antibody treatment. The end user segmentation of the neuroblastoma market comprises of research centers, hospitals, ambulatory surgical centers, diagnostic centers, and others. The neuroblastoma market has been segmented on the basis of region, comprises of Asia Pacific, the Americas, Europe, the Middle East, and Africa.
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Detailed Regional Analysis
The regional assessment of the neuroblastoma market comprises of the Asia Pacific, the Americas, Europe, the Middle East, and Africa. The Americas region is projected to govern the neuroblastoma market due to a complex healthcare sector and rising incidences of childhood cancer. The European region is expected to control the next largest region in the neuroblastoma market. The market development in this region is accredited to the growing number of infant cancer cases and the presence of established healthcare infrastructure. The Asia Pacific region is anticipated to be the fastest rising region owing to the massive patient population of childhood cancer and increasing growth of hospitals for childhood cancer treatment in the Asia Pacific region. The Middle East and African region have a minimum portion of the market. The significant portion of the market of this region is anticipated to be held by the Middle East region owing to a superior healthcare sector and rising government initiatives for the healthcare sector.
Competitive Analysis
The improvements in various domestic economies are expected to motivate the development of the market in the upcoming period. The accessibility to key tactical opportunities leading to consequent stabilization of inflation is anticipated to create promising openings for expansion in the coming years. In the coming years, the influence exerted by relatively high-income levels in nations around the world and the potential gains observed to some of the currencies in the world is expected to reinforce the evolution of the market in the forecast period. The progress of the market is expected to capture increased momentum in the coming years primarily due to the presence of conducive government policies. The growth turnaround in the market is expected to activate new opportunities for expansion of the market. A considerable rise in the number of investors in the market is projected to create an advantageous scenario for the progress of the market in the forecast period. The eminent competitors functioning in the neuroblastoma market are APEIRON Biologics AG, LUMITOS AG, NANTGE Healthcare, Pfizer Inc., United Therapeutics Corp., GL Pharm Tech Corporation, RxStrategies, Inc., Aetna Inc, among others
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Industry Updates:
Apr 2019 Researchers from the Perelman School of Medicine and Children's Hospital of Philadelphia (CHOP) at the University of Pennsylvania have examined the major group to date of pediatric patients with high-risk neuroblastoma preserved with proton radiation therapy (PRT), discovering both that proton therapy was successful at reducing tumors and also proved minimal toxicity to nearby organs.
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