Neuroblastoma Industry - Regional Synopsis
North American Market Forecast
North America industry is likely to hold largest revenue share of 37% by 2037. The growth of the market can be attributed majorly to the rising prevalence of neuroblastoma cancer, increasing healthcare expenditure, and the rising number of hospitals in the region. It is believed that neuroblastoma poses the greatest threat to infants (under a year of age). The American Cancer Society estimates that there are 700 to 800 new cases of neuroblastoma each year in the United States. Additionally, the region's increasing awareness of effective treatments and the availability of advanced diagnostic imaging techniques and targeted therapies are contributing to the market's growth. This increased access to diagnostic imaging has improved efficiency and accuracy of disease diagnosis, which has ultimately led to improved patient outcomes and better quality of care.
APAC Market Statistics
The Asia Pacific neuroblastoma market is estimated to be the second largest, registering a share of about 27% by the end of 2037. The growth of the market can be attributed majorly to the growing awareness about the disease, increasing demand for advanced treatments, and the presence of numerous biopharmaceutical companies in the region. Furthermore, the increasing focus on research & development activities in the region is also expected to aid the growth of the neuroblastoma market. The increased healthcare infrastructure and public support allows for more accessible healthcare, which leads to higher life expectancies and better quality of life. Additionally, government initiatives and investments designed to increase access to healthcare are also contributing factors. These include initiatives to expand healthcare coverage to rural and low-income communities, as well as initiatives to increase the number of healthcare professionals working in the region.
Europe Market Forecast
Further, the neuroblastoma market in Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the rising prevalence of the disease, increasing initiatives by the government to promote research and development, and the increasing availability of advanced diagnostic technologies. According to the research, there are approximately 100 children in the UK who are affected by Neuroblastoma each year. Additionally, the government has been introducing various initiatives and programs to increase research and development activities in this field in order to find better treatments for the disease. Furthermore, the increasing availability of advanced diagnostic technologies has enabled earlier and more accurate diagnosis of this disease. This has also contributed to the growth of the market.
