Market Trends of Retinoblastoma Treatment Industry
This section covers the major market trends shaping the Retinoblastoma Treatment Market according to our research experts:
Non-hereditary Retinoblastoma is Expected to hold a Significant Market Share Over the Forecast Period
In the non-hereditary form of retinoblastoma, typically, only one eye is affected, and there is no family history of the disease. Affected individuals are born with two normal copies of the RB1 gene. An increase in cases of non-hereditary retinoblastoma is expected to drive the market's growth. For instance, according to an article published by Frontiers Media S.A., in November 2022, the incidence of retinoblastoma is approximately 1 in 17,000 live births, with about 8,000 new cases diagnosed each year worldwide where the non-inherited sporadic type accounts for 60-70%. Additionally, according to an article published by the National Library of Medicine, in August 2022, 95% of retinoblastoma cases are sporadic.
Additionally, unilateral retinoblastomas comprise all non-hereditary retinoblastoma. According to an article published by Dove Press Ltd in January 2021, intra-arterial chemotherapy has recently gained wide acceptance in treating unilateral retinoblastoma and reported salvage rates from 66.6-100%. There is an increase in unilateral retinoblastoma cases leading to an increase in demand for its treatment which is expected to drive segmental growth.
North America is Expected to hold a Significant Market Share Over the Forecast Period
North America accounts for a significant market share of retinoblastoma treatment and is expected to continue its stronghold over the forecast period. This region is expected to increase its market share in the future because retinoblastoma (Rb) is the most common primary intraocular malignancy of infancy and childhood, and seriously endangers the vision and life of children.
According to an article published by the American Society of Clinical Oncology, in February 2022, retinoblastoma makes up 2% of all cancers diagnosed in children before age 15. An estimated 200 to 300 children in the United States are diagnosed with retinoblastoma each year.
Furthermore, an increase in regulatory approval for cancer treatment in the region is expected to drive the market's growth over the forecast period. For instance, in September 2022, children's hospital Los Angeles identified molecular markers to increase precision in the treatment of retinoblastoma. Such development is expected to drive market growth over the forecast period.
Therefore, the factors mentioned above are expected to drive market growth in the region during the forecast period.
