According to Future Market Insights, the market is projected to rise at a steady growth valued at US$ 2.12 billion with a 9.88% CAGR until 2033, being valued at US$ 5.44 billion.
The key factors driving the revenue growth of the nephroblastoma therapeutics market are the rapidly increasing population of newborn babies and increased funding for healthcare infrastructure and facilities by the government. Furthermore, extensive research and development activities in the cancer disease and an increase in awareness amongst the people regarding cancer are also expected to support the market revenue growth.
The high cost associated with the treatment and diagnosis of cancer is the major factor restraining the revenue growth of the market. In addition, side effects related to the treatment of cancer are also expected to hamper the revenue growth of the global Wilms market to some extent.
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Extensive research and development activities in the field of cancer treatment and the use of modern technology for research purposes are expected to create significant revenue growth opportunities in the market. Many key players are working on developing a novel cancer treatment that is expected to create lucrative revenue growth opportunities for new entrants in the market.
Nowadays, improved risk stratification has divided the population of patients into small subgroups, creating the challenge of designing and executing clinical trials that are sufficiently powered to demonstrate the desired outcomes. The fruits of stepped-up international collaboration are beginning to be realized, with the discovery of new genes, biological markers, and therapeutic targets. The benefits of COG-SIOP collaboration will hopefully translate into the application of evidence-based diagnostic and therapeutic approaches in low-income countries.
North America is expected to account for the largest revenue share in the global nephroblastoma therapeutics market because of the increasing prevalence of the nephroblastoma disease in children followed by the Asia-Pacific is expected to be the fastest growing market in terms of revenue, due to the increasing prevalence of the Wilms tumor and a rapidly increasing population of newborn babies in this region.
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Key Takeaways from the Market Study
- The global nephroblastoma therapeutics market grew at a CAGR of 8.88% from 2018 to 2022
- Frequent regulatory approvals for new nephroblastoma treatments are expected to propel the growth of the global nephroblastoma treatment market during the forecast period
- Of 13 children treated with dactinomycin in addition to nephrectomy and postoperative radiotherapy, 92% (12 of 13) are living and free of tumors.
- The market players are focusing on R&D activities for new treatments, which is also expected to augment the growth of the global nephroblastoma treatment market during the forecast period.
Competitive Landscape
Some of the prominent players in the global market for Nephroblastoma Therapeutics Market treatment are-
- Merck & Co., Inc.
- Recordati Rare Diseases
- Pfizer Inc.
- Sun Pharmaceutical Industries Ltd.
- Cipla Inc.
- Actiza Pharmaceutical Private Limited
- Teva Pharmaceutical Industries Ltd.
- Alvogen
- Accord Healthcare Ireland Ltd.
- Amneal Pharmaceuticals LLC.
Some of the important developments of the key players in the market are:
- In October 2019, Y-mAbs Therapeutics, In. announced a clinical update on naxitamab for the treatment of nephroblastoma at the International Society of Pediatric Oncology Annual Congress held in France.
- In June 2022, Omblastys (Omburtamab) was granted a priority review for a Biologics License Application by the Food and Drug Administration of the United States. The drug was intended to use for the treatment affected by leptomeningeal metastasis caused by nephroblastoma.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global Nephroblastoma Therapeutics Market providing historical data for 2018-2022 and forecast statistics from 2023-2033.
To understand opportunities in Nerve Entrapment Syndrome treatment, the market is segmented based on major Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa), Type (Favorable histology, Anaplastic histology), Drug type (Dactinomycin, Doxorubicin, Vincristine, Cyclophosphamide, Etoposide, Irinotecan), Distribution channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies)
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Key Segments Profiled in the Nephroblastoma Therapeutics Market Report
Type:
- Favorable histology
- Anaplastic histology
Drug type:
- Dactinomycin
- Doxorubicin
- Vincristine
- Cyclophosphamide
- Etoposide
- Irinotecan
Distribution channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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