Rhabdomyosarcoma Market Scenario The rhabdomyosarcoma market is projected to reach USD 1.74 Billion by 2030 at 3.80% CAGR during the forecast period 2022-2030 .Rhabdomyosarcoma is a type of cancerous tumor that starts to develop in the soft tissues of the body. Cells affected by rhabdomyosarcoma can grow and spread very fast.
Numerous factors such as raising awareness of rhabdomyosarcoma and its increasing prevalence are expected to drive the growth of the market.
Moreover, favorable healthcare investments by government and the rising demand for better treatments boosts the growth of the market. However, stringent government regulation for product approval and huge costs of the treatment may hamper the market growth during the assessment period.
The rhabdomyosarcoma market has been segmented into type, diagnosis, and treatment.
The market, on the basis of type, has been segmented into Embryonal Rhabdomyosarcoma and Alveolar Rhabdomyosarcoma.
The market, by diagnosis, has been segmented into Imaging Tests and Biopsy.
Imaging tests are further segmented into X-Ray, MRI scan, CT scan, PET scan, and Bone Scan.
Biopsy is further segmented into Needle Biopsy and Surgery Biopsy.
The market, by treatment, has been segmented into Surgery, Radiation Therapy, Chemotherapy and Stem Cell Therapy. Chemotherapy is expected to account for the largest market share due to its effective treatment for minimizing the risk of cancer reoccurrence and high preference among the patients. Radiation therapy is anticipated to be the fastest growing segment due to technological advancements in the segment.
The market, by region, has been segmented into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The rhabdomyosarcoma market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.
The European rhabdomyosarcoma market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The rhabdomyosarcoma market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The rhabdomyosarcoma market in the Middle East & Africa has been segmented into the Middle East and Africa.
Boehringer Ingelheim International GmbH, Pfizer Inc, Eli Lilly & Company, Novartis AG, Bristol Myers Squibb Company, TAIHO ONCOLOGY, INC., Oasmia, Bellicum Pharmaceuticals, Inc., CELGENE CORPORATION, Eisai Co., Ltd., MacroGenics, Inc., NantKwest., Tarveda Therapeutics., Exelixis, Inc., and Ipsen Pharma are some of the key players in the rhabdomyosarcoma market.
Regional Market Summary
Rhabdomyosarcoma Market Share (%), by Region, 2017
Source: World Health Organization (WHO), Centers for Disease Control and Prevention (CDC)
Geographically, the Americas is anticipated to dominate the rhabdomyosarcoma market owing to growing incidences of rhabdomyosarcoma and other soft tissue cancers. According to a report published by The American Cancer Society in July 2018, in the US records approximately 400 to 500 new cases of rhabdomyosarcoma every year. Additionally, government support in this region contributes to the growth of the market.
Europe is expected to hold the second largest position in the rhabdomyosarcoma market. The market growth in this region is attributed to the increasing healthcare expenditure.
Asia-Pacific is anticipated to be the fastest growing region in the market due to the presence of a huge patient population suffering from rhabdomyosarcoma, market players introducing new anticancer molecules in the region and raising awareness about cancer. For instance, in February 2016, Eisai Co., Ltd. received approval for developing its anticancer agent Halaven in Japan. A drug is a treatment option for treating patients suffering from soft tissue sarcomas.
On the other hand, the Middle East & Africa has the lowest market share. Majority of the market of this region is expected to be held by the Middle East region due to rising cases of rhabdomyosarcoma.
Rhabdomyosarcoma Market, by Type
- Embryonal Rhabdomyosarcoma
- Alveolar Rhabdomyosarcoma
Rhabdomyosarcoma Market, by Diagnosis
- Imaging Tests
- CT Scan
- MRI Scan
- PET Scan
- Bone Scan
- Needle Biopsy
- Surgical Biopsy
Rhabdomyosarcoma Market, by Treatment
- Radiation Therapy
- Stem Cell Therapy
Rhabdomyosarcoma Market, by Region
- North America
- South America
- Western Europe
- Rest of Western Europe
- Eastern Europe
- South Korea
- Rest of Asia-Pacific
Rhabdomyosarcoma Drug Suppliers & Manufacturers
Research and Development (R&D) Companies
Medical Research Laboratories
Government Research Institute
Academic Institutes and Universities