Rhabdomyosarcoma is a most common type of sarcoma in children that develops in body’s soft tissues, most commonly in muscles. It accounts around 3.5% of total childhood cancers. Sarcoma is cancer of connective tissue (cartilage or tendon), soft tissue (muscle), or bone. It can affect the neck, head, vagina, bladder, legs, arms, trunk, or any other body part. Children can develop rhabdomyosarcoma at any age; however, most of the cases have been recorded in children aged between 2 and 6 and in teens aged between 15 and 19. It is more common in boys than girls. Exact disease cause is unknown; however, children suffering from inherited diseases such as pleuropulmonary blastoma, Costello syndrome, Li-Fraumeni syndrome, Noonan syndrome and neurofibromatosis type 1 are more susceptible to rhabdomyosarcoma. Moreover, children who were larger or had high birth weight have increased risk of developing rhabdomyosarcoma. Most common symptoms of rhabdomyosarcoma include bulging of eye, trouble in urination or bowel movements, headache, blood in urine, and bleeding in the throat, nose, vagina, or rectum.
The global rhabdomyosarcoma market can be segmented based on type, treatment, and region. In terms of type, the market can be categorized into embryonal rhabdomyosarcoma, alveolar rhabdomyosarcoma, and others. The others segment includes mixed type, pleomorphic/anaplastic, and spindle cell subtypes of rhabdomyosarcoma. The embryonal rhabdomyosarcoma segment is expected to be driven by high incidence rate. Approximately 4 per 1 million children (0-4 years of age) and 1.5 per 1 million adolescents are affected by embryonal rhabdomyosarcoma. Based on treatment, the global rhabdomyosarcoma market can be classified into surgery, radiation therapy, chemotherapy, and others (stem cell therapy). Chemotherapy treatment generally involves a combination of various anti-neoplastic agents. The commonly used chemotherapeutic agents include dactinomycin, etoposide, irinotecan, ifosfamide, carboplatin, doxorubicin, and vincristine. Rise in incidence and prevalence of rhabdomyosarcoma, increased research and development expenditure, significant pipeline molecules (afatinib and temsirolimus), growing awareness among people are the factors that contribute to the growth of the market. However, high cost of treatment and associated side effects, disappointing result of promising pipeline molecules, and stringent government regulations are likely to hamper the growth of the market.
Geographically, the global rhabdomyosarcoma market can be segmented into five major regions: North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is anticipated to dominate the market, followed by Europe. High incidence of rhabdomyosarcoma (around 350 cases are diagnosed in the U.S. each year), growing awareness among people, increase in research and development expenditure, and well-established health care infrastructure contribute to the growth of the rhabdomyosarcoma market in North America. The market in Asia Pacific is anticipated to expand at a high CAGR during the forecast period, driven by India and China owing to increased government initiatives and developing health care infrastructure. The market in Latin America and Middle East & Africa is anticipated to grow during the forecast period owing to increase in investments by market players and rise in prevalence of rhabdomyosarcoma.
Leading players in the global rhabdomyosarcoma market include Eli Lilly and Company, Boehringer Ingelheim, Oasmia Pharmaceutical, Ovation Pharmaceuticals, Inc., and Pfizer.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.