Market Size of Global Pediatric Neuroblastoma Treatment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Pediatric Neuroblastoma Treatment Market Analysis
The pediatric neuroblastoma treatment market is projected to register a CAGR of nearly 6.3% over the forecast period.
The COVID-19 pandemic had a significant impact on both the global economy and healthcare infrastructure. The pediatric neuroblastoma treatment market was severely impacted due to a disruption in medical supplies and delayed fulfillment of neuroblastoma treatment medications and treatments. For instance, an article published in January 2021 in PubMed stated that there was a significant reduction in the daily mean number of pediatric patients undergoing chemotherapy, radiotherapy, surgery, and imaging studies during COVID-19. However, the market is anticipated to witness growth in the coming years due to the rise in the burden of pediatric neuroblastoma and the increase in research and development for pediatric neuroblastoma treatments.
According to a National Cancer Institute (NCI) November 2021 update, among children (ages 0 to 14 years), the most common types of cancer are leukemias, followed by brain and other CNS tumors, lymphomas, neuroblastoma, kidney tumors, and malignant bone tumors. As per the same source, in 2021, it was estimated that 15,590 children and adolescents ages 0 to 19 were likely to be diagnosed with cancer.
Additionally, the government's increased investments in R&D initiatives to build the pediatric medical infrastructure and the public's growing knowledge of pediatric neuroblastoma therapy are promoting market expansion. For instance, the Rally Foundation for Childhood Cancer Research granted USD 3.4 million in grants to Drs. Miller Huang and Satyaki Sengupta in March 2022 to study the role of chromosome 17q gain in neuroblastoma and Dr. Muxiang Zhou to find novel MYCN inhibitors of therapy for pediatric neuroblastoma, and other researchers.
On the other hand, the high cost and side effects associated with cancer therapy are likely to restrain the market growth over the forecast period.
