The Business Research Company’s report on the Danyelza Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the danyelza market’s growth in recent years?
The increasing prevalence of pediatric cancers is expected to propel the growth of the danyelza market going forward. Pediatric cancers refer to cancers that occur in children and adolescents, including various types such as leukemia, brain tumors, neuroblastoma, and lymphomas. The increasing prevalence of pediatric cancers can be attributed to factors such as advances in diagnostic techniques, environmental exposures, genetic predispositions, and the long-term effects of cancer treatments. Danyelza (naxitamab) is a targeted immunotherapy that helps reduce the prevalence of pediatric cancers by effectively treating high-risk neuroblastoma. Its use in combination with other therapies has shown improved survival rates and reduced disease progression in children with this aggressive cancer. For instance, in October 2024, according to the Cancer Council, an Australia-based non-profit organization, in 2022, around 93 children aged 0-14 years in Australia died from cancer. Further, there were 206 cancer diagnoses in children under 15 and 263 in those aged 15-24 in Victoria. By 2023, there were 6,197 males and 5,523 females alive who had been diagnosed with cancer during childhood or adolescence. Therefore, the increasing prevalence of pediatric cancers is driving the growth of the danyelza market.
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How does the future projection of the danyelza market size compare to its historical growth?
The danyelza market size has XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to rising incidence of neuroblastoma, FDA approval and regulatory support, expansion of clinical applications, increased research investment in immunotherapy, and rising healthcare expenditure.
The danyelza market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to rising incidence of cancer, growing awareness of targeted therapies, improved patient outcomes, rising demand for pediatric cancer treatments, and improved diagnostic tools. Major trends in the forecast period include advancements in drug formulation, advancements in targeted therapy, expansion of outsourcing in clinical trials, integration of digital health solutions in clinical trials, and focus on pediatric research and innovation.
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Which key players are shaping the future of the danyelza market?
Major companies operating in the danyelza market include Y-mAbs Therapeutics Inc.
What trends will propel the growth and evolution of the danyelza market?
A key trend in the danyelza market is developing innovative formulations, such as targeted immunotherapy, to enhance treatment options for neuroblastoma and other cancers. Targeted immunotherapy involves treatments that use substances to specifically target and attack cancer cells by focusing on proteins or markers, such as GD2 in neuroblastoma, to help the immune system destroy the cancer cells. For instance, in May 2023, Y-mAbs Therapeutics Inc., a US-based biotech company, received marketing authorization from Brazil’s Agência Nacional de Vigilância Sanitaria for Danyelza (naxitamab-gqgk) 40 mg/10 mL injection, a treatment for high-risk neuroblastoma. Danyelza is a recombinant humanized monoclonal antibody targeting GD2, a ganglioside prevalent in neuroectoderm-derived tumors and sarcomas. The product, developed by Memorial Sloan Kettering Cancer Center, is exclusively licensed to Y-mAbs.
Which regions are expected to become dominant players in the danyelza market?
North America was the largest region in the danyelza market in 2024. The regions covered in the danyelza market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the emerging key segments in the danyelza market, and how are they evolving?
The danyelza market covered in this report is segmented –
1) By Indication: Neuroblastoma, Osteosarcoma And Other GD2-Positive Cancers
2) By Treatment Type: Monotherapy, Combination Therapy
3) By End User: Hospitals, Specialty Clinics, Cancer And Radiation Therapy Center
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How is the danyelza market defined?
Danyelza, known as naxitamab, is a monoclonal antibody drug combined with granulocyte-macrophage colony-stimulating factor (GM-CSF) to treat certain high-risk cancers. It is primarily approved for pediatric patients aged 1 year and older and adults with relapsed or refractory high-risk neuroblastoma affecting the bone or bone marrow, particularly in cases where prior treatments achieved only partial or stable responses. Danyelza targets GD2, commonly found in neuroblastoma cells, enabling the immune system to attack these cancerous cells effectively.
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