January 27, 2022
As cited by the research report titled ‘Global Retinoblastoma Treatment Market Treatment Type (Surgery Radiation therapy, Laser Therapy (Photocoagulation), Cryotherapy, Thermotherapy, Chemotherapy), Type of Retinoblastoma (Non-hereditary Retinoblastoma, and Hereditary Retinoblastoma), type of staging (Intraocular Retinoblastoma, Extraocular Retinoblastoma), Regional Forecasts 2021-2027’, available with MarketStudyReport, global retinoblastoma treatment market is projected to expand at 4.56% CAGR and garner significant returns over 2021-2027.
Rising public awareness along with growing prevalence of the disease are the major factors driving global retinoblastoma treatment market growth. The availability of better diagnostic tests and treatment options for retinoblastoma are further adding traction to the overall market size. Moreover, increasing investments in research & development along with ongoing research on ophthalmology are favoring the market outlook.
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For the record, retinoblastoma is a rare type of eye cancer that affects the retina, mostly in children. The exact cause of retinoblastoma is unknown, but as per an evidence the family history of the disease is a key factor in its transfer to kids.
Retinoblastoma is mostly developed in one of the eyes, although it can also affect both eyes in very rare circumstances. Leukocoria (whiteness in the pupil), redness, strabismus (crossed eyes), impaired vision, and color blindness, are all symptoms of retinoblastoma.
Speaking of negatives, side effects of retinoblastoma surgery are likely to act as a bottleneck for the market progression over the estimated timeframe.
Based on treatment type, worldwide retinoblastoma treatment industry space is segmented into surgery, laser therapy (photocoagulation), radiation therapy, cryotherapy, chemotherapy, and thermotherapy.
Considering the type of retinoblastoma, the marketplace is categorized into hereditary retinoblastoma and non-hereditary retinoblastoma. Moving on to type of staging, the business space is divided into intraocular retinoblastoma and extraocular retinoblastoma.
The geographical analysis of the industry comprises regions like Asia Pacific, Europe, North America, and Latin America. According to seasoned analysts, Asia Pacific is anticipated to showcase significant growth rate over the estimated timeframe 2021-2027, as retinoblastoma is the most prevalent primary intraocular cancer that affects infants and children, endangering their eyesight and lives, thereby favoring the industry outlook in the region.
Prominent players profiled in global retinoblastoma treatment industry landscape are CryoConcepts LP, Novartis International AG, Merck & Co. Inc., Pfizer Inc., GlaxoSmithKline plc, Johnson & Johnson, Bristol Myers Squibb, Teva Pharmaceutical Industries Ltd., Baxter International Inc., and Cadila Pharmaceuticals Ltd.