According to the latest report by IMARC Group, titled, “Retinoblastoma Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, The global retinoblastoma treatment market size reached US$ 2.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2028, exhibiting a growth rate (CAGR) of 4.2% during 2023-2028.
Retinoblastoma represents one of the most common cancers that usually develops before the age of 5 in children. Some of the symptoms include a white appearance in the pupil, also called a cat’s eye reflex or leukocoria. Retinoblastoma treatment comprises a wide array of drug delivery and chemotherapy techniques that offer some benefits in the short term, as retinoblastoma is curable at the initial stage. Following the first or second chemotherapy cycle, several focal treatments can then be applied depending on how much the tumor shrinks and where it is in the eye. Surgery is the permanent retinoblastoma treatment option, as it removes the tumor thoroughly from the retina. There are various imaging tests available for a detailed diagnosis of retinoblastoma, such as ultrasound, CT scan, MRI, X-ray, bone scan, etc.
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Retinoblastoma Treatment Market Trends and Drivers:
The increasing healthcare expenditure capacities for ophthalmic treatment procedures are primarily driving the retinoblastoma treatment market. Additionally, the rising investments in R&D activities for focusing on newer and more efficient therapeutic strategies with lesser associated side effects are further catalyzing the market growth. Besides this, the growing number of product approvals leading to the development of new drug variants is acting as another significant growth-inducing factor. Moreover, the widespread adoption of organic growth strategies undertaken by key market payers, such as strategic partnerships and collaborations, and mergers and acquisitions (M&As), is also positively influencing the global market. Apart from this, continuous improvements in medical infrastructures and the introduction of advanced technologies in clinical trials are anticipated to fuel the retinoblastoma treatment market over the forecasted period.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Bristol Myers Squibb Company
- Pfizer Inc.
- Teva Canada Limited (Teva Pharmaceutical Industries Ltd.)
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Retinoblastoma Treatment Market Report2023-2028 Competitive Analysis and Segmentation:
The report has segmented the market based on type, treatment type, type of staging, and application.
Type Insights:
- Non-Hereditary Retinoblastoma
- Hereditary Retinoblastoma
Treatment Type Insights:
- Surgery
- Radiation Therapy
- Laser Therapy (Photocoagulation)
- Cryotherapy
- Thermotherapy
- Chemotherapy
- Opthalmic Artery Infusion Chemotherapy
- High-Dose Chemotherapy and Stem Cell Transplant
Type of Staging Insights:
- Intraocular Retinoblastoma
- Extraocular Retinoblastoma
Application Insights:
- Hospitals
- Cancer Institutes
- Others
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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