What is the current size and annual growth rate of the rhabdomyosarcoma market?
The rhabdomyosarcoma market size has grown rapidly in recent years. It will grow from $1.23 billion in 2024 to $1.43 billion in 2025 at a compound annual growth rate (CAGR) of 16.5%. The growth in the historic period can be attributed to increase in funding for cancer research, availability of targeted therapies, better surgical techniques and approaches, growth in pediatric oncology programs, and improved healthcare policies.
The rhabdomyosarcoma market size is expected to see rapid growth in the next few years. It will grow to $2.61 billion in 2029 at a compound annual growth rate (CAGR) of 16.1%. The growth in the forecast period can be attributed to enhanced understanding of cancer biology, improvement in prognostic tools, growing focus on early detection and prevention, expansion of global oncology networks, and multi-disciplinary treatment approaches. Major trends in the forecast period include advancements in immunotherapy, liquid biopsy for early detection, organoids for drug screening, enhanced radiotherapy techniques and regenerative medicine.
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Which major factors have contributed to the expansion of the rhabdomyosarcoma market?
The increasing investments on oncology research and medicine is expected to propel the growth of the rhabdomyosarcoma market going forward. Investments in oncology research and medicine refer to financial allocations made by governments, pharmaceutical companies, research institutions, and private investors to advance the understanding, prevention, diagnosis, and treatment of cancer. The increasing investments in oncology research and medicine are due to the rising global cancer burden, advancements in precision medicine, growing demand for innovative therapies, expanding clinical trials, government and private funding initiatives, and the development of targeted and immunotherapy treatments. Investments in oncology research and medicine support rhabdomyosarcoma by driving advancements in early diagnosis, enhancing treatment options such as targeted therapies and immunotherapy, funding clinical trials for more effective drugs, improving pediatric cancer care infrastructure, and fostering innovative research to better understand the disease’s biology and progression. For instance, in May 2024, according to the IQVIA, an India-based information technology company providing advanced analytics, global spending on cancer medicine rose to $223 billion in 2023, marking a $25 billion increase from 2022, and is expected to reach $409 billion by 2028. Therefore, the increasing investments on oncology research and medicine drives the rhabdomyosarcoma market.
Improvement In Healthcare Facilities Drives Growth Of The Market
The improvement of healthcare facilities is expected to propel the growth of the rhabdomyosarcoma market going forward. Healthcare facilities are establishments that offer medical care and services, such as hospitals, clinics, and diagnostic centers, to treat and support patients. Healthcare facilities are improving due to several factors such as increased investment in healthcare infrastructure, a focus on patient-centered care, population growth, and aging. Rhabdomyosarcoma drives advancements in healthcare facilities by necessitating specialized diagnostic tools, innovative treatment protocols, and multidisciplinary care approaches, ultimately fostering improvements in oncology research, pediatric cancer management, and the development of targeted therapies. For instance, in May 2023, according to the American Health Care Association, a US-based nonprofit organization, the United States had 6,129 hospitals, representing a 0.591% increase from the previous year when there were 6,093 hospitals. Therefore, the improvement of healthcare facilities is driving the growth of the rhabdomyosarcoma market.
How is the rhabdomyosarcoma market segmented?
The rhabdomyosarcoma market covered in this report is segmented –
1) By Type: Embryonal Rhabdomyosarcoma, Alveolar Rhabdomyosarcoma, Other Types
2) By Treatment: Surgery, Radiation Therapy, Chemotherapy, Stem Cell Therapy
3) By Diagnosis: Imaging Tests, X-Ray, Computed Tomography Scan, Magnetic Resonance Imaging Scan, Positron Emission Tomography Scan, Bone Scan, Biopsy, Needle Biopsy, Surgical Biopsy
Subsegments:
1) By Embryonal Rhabdomyosarcoma: Botryoid Rhabdomyosarcoma, Spindle Cell Rhabdomyosarcoma
2) Alveolar Rhabdomyosarcoma (ARMS): Fusion-Positive ARMS, Fusion-Negative ARMS
3) Other Types of Rhabdomyosarcoma: Pleomorphic Rhabdomyosarcoma, Mixed-Type Rhabdomyosarcoma, Sclerosing Rhabdomyosarcoma
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Who are the top competitors in the rhabdomyosarcoma market?
Major companies operating in the rhabdomyosarcoma market are Pfizer Inc., Merck & Co Inc., Bristol-Myers Squibb Company, Thermo Fisher Scientific Inc., AstraZeneca PLC, Novartis AG, Eli Lilly and Company, Gilead Sciences Inc., GE HealthCare Technologies Inc., Eisai Co Ltd., Ipsen S.A., Elekta AB, Acrivon Therapeutics Inc., Larvol Inc., Oasmia Pharmaceutical AB, Immix Biopharma Inc., Cellectar Biosciences Inc., Lantern Pharma Inc., ApconiX Ltd., Oncoheroes Biosciences Inc.
Which key trends are expected to influence the rhabdomyosarcoma market in the coming years?
Major companies operating in the rhabdomyosarcoma market are obtaining regulatory approvals with rare pediatric disease designation (RPDD) for drugs to expand its reach and solidify its position in the treatment of rhabdomyosarcoma. Rare pediatric disease designation (RPDD) is a special status granted by regulatory agencies to encourage the development of treatments for serious or life-threatening rare diseases that primarily affect children. For instance, in January 2022, Immix Biopharma, Inc., a US-based biotech company, received rare pediatric disease designation (RPDD) for IMX-110, the treatment of rhabdomyosarcoma in children by the Food and Drug Administration, a US-based government agency. IMX-110 is the first clinical-stage product within the SMARxT Tissue-Specific Platform. It encapsulates a poly-kinase inhibitor and apoptosis inducer that is delivered deep into the tumor microenvironment. IMX-110 is designed to accumulate at intended therapeutic sites at 3 to 5 times the rate of conventional therapeutics. The drug attacks the cancer itself, cancer-associated fibroblasts, and tumor-associated macrophages or immune cells, severing the lifelines between the tumor and its metabolic and structural support, which causes tumor apoptosis.
Which regional trends are influencing the rhabdomyosarcoma market, and which area dominates the industry?
North America was the largest region in the rhabdomyosarcoma market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the rhabdomyosarcoma market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Rhabdomyosarcoma Market Report 2025 Offer?
The rhabdomyosarcoma market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Rhabdomyosarcoma refers to a type of cancer that arises from muscle tissue, primarily affecting children and young adults. Rhabdomyosarcoma is useful to identify and treat early, as early detection improves the chances of successful treatment and survival.
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