Malignant Lymphoma Market Overview
The malignant lymphoma market is anticipated to reach USD 8,365.4 Million by 2030 at 6.7% CAGR during the forecast period 2022-2030. Lymphomas are common forms of blood cancer and a few individuals in the general population suffer from this type of cancer. The lymphatic systems run through all parts of the body. Cancer that starts developing in any part of the body’s lymphatic system is called lymphoma. If that lymphoma can spread to other body parts, then it is called malignant lymphoma. Swollen glands are a common symptom of lymphoma. Compared to women, men are more prone to this disease. Worldwide, the malignant lymphoma market is rapidly growing. If the treatment is not conducted perfectly, the patient may have deadly outcomes and contribute to a high mortality rate.
Several biopharmaceuticals industry players like Amgen and Spectrum Pharmaceuticals are rising interested in the development of new products. Due to the rising number of individuals suffering from malignant lymphoma, there is a surge in the development of new treatment products. If the disease is in an advanced stage and harder to treat, then the advanced and altered treatment course is required which further raises the demand for cutting-edge and advanced therapies. The American Cancer Society report states that in 2020 nearly 77,240 individuals will undergo a diagnosis of non-Hodgkin lymphoma.
Due to the COVID-19 pandemic, most of the countries are suffered from a lack of treatment and bear a lot of burden on both their economy and healthcare systems at a time. As the hospitals are filled with corona patients and due to the limitations to visit the hospitals, the lymphomas patients had an additional risk by not receiving the required diagnostic procedures and treatment. Many guidelines are published recently to help dermatologists choose the right approach in this pandemic. Few countries do not apply to these guidelines due to the lockdown implementation and lack of enough resources for implementing the plan. Hence the pandemic is negatively impacted the malignant lymphoma market growth. After reducing the corona cases and lifting of lockdown, there is a rise in market growth rapidly.
Malignant Lymphoma Market Dynamics:
Increasing the clinical trials for developing the new drug candidates for various forms of lymphomas specifically for the harder treatment forms is anticipated to accelerate the growth of the market. The growing involvement of major companies in research and development leads to strong pipeline candidates that may propel market growth in the forecast period.
The rising prevalence of all forms of cancers including other types of blood cancers is one of the key driving factors of the market growth. The disease Lymphoma consists of a few blood cancer cases and there is a rise in demand for advanced products for the treatment. The essential thing was there are no clinical signs for the disease till it is in later stages. At this later stage, a more aggressive form of treatment is required for improved treatment outcomes. This factor is predicted to spur global market growth in the coming years.
Expensive treatment, complications related to drugs, low treatment options, and the presence of stringent regulatory guidelines are hampering the market growth.
A rise in the number of improved diagnostic techniques and FDA approvals for therapy drugs may create an opportunity for key players to raise the market growth.
Due to the lower lymphoma treatment rates in emerging countries, the cost of the therapies becomes expensive which is reducing the number of individuals undergoing this treatment and most of the patients are not able to afford treatments like immunotherapies. Because the cost of these treatments is not affordable and accessible to poor people.
To provide detailed information about the market structure along with many forecast segments and subsegments for the next 7 years.
To provide the factors that are impacting the growth of the market value.
To evaluate the malignant lymphoma market industry analysis based on porter’s five force analysis, factors-price analysis, etc.
To provide previous and forecast revenue segments and sub-segments of the market revenue for the four main geographies.
To offer the country-level analysis of the current market size and future prospective.
To provide country-level analysis of the global market industry growth by region, type, treatment, and application.
To provide a strategic profile of the prominent key competitors in the market, analyze their core competencies, and draw a global market growth landscape.
To track and analyze new product developments, joint ventures, strategic alliances, and global market research.
Malignant Lymphoma Market Segmentation
The global malignant lymphoma market has been divided into three major segments based on type, region, and treatment.
Based on Type
The malignant lymphoma based on the type is sectioned into two forms Hodgkin lymphoma and non-Hodgkin lymphoma. Out of these two segments, non-Hodgkin lymphoma type is predicted to account for the highest market share due to the majority of the lymphoma cases being non-Hodgkin lymphoma.
Based on Treatment
Based on the treatment, the malignant lymphoma market is partitioned into various segments like radiation therapy, chemotherapy, immunotherapy, stem cell therapy, and others. Among them, the immunotherapy segment is holding a significant share due to the higher revenue realization of these drugs. Immunotherapies named Yescarta, a dominant product in this treatment is introduced by Kite Pharma, Inc.
Based on Region
The global malignant lymphoma based on the regions is classified into four major regions like Asia-Pacific, North America, Europe, and the Middle East & Africa. Among them, North America is holding the largest market share due to the high prevalence of lymphoma and high awareness regarding the treatment among the population.
Malignant Lymphoma Market Regional Analysis
Geographically, the malignant lymphoma market based on regions is categorized into four major regions such as Asia-Pacific, Europe, North America, and the Middle East & Africa. Out of these regions, North America is accounting for the largest malignant lymphoma market share due to the high prevalence of lymphoma, high awareness regarding lymphoma treatment among the patient population, higher rate of adoption of advanced lymphoma therapeutic drugs, and greater healthcare expenditure. Moreover, regular R&D by the industry players for the development of new drug candidates for lymphoma treatment in clinical trials is escalating the malignant lymphoma market growth.
Europe is dominating the second-largest market share due to the high number of individuals requiring treatment and high usage of advanced therapeutics. Asia-Pacific is expected to be the fastest-growing region in the review period for the approvals of key drugs like Kymriah in Japan for lymphoma treatment, the existence of a high potential patient population requiring treatment, and the under-tapped market potential in this region.
Malignant Lymphoma Market Competitive Landscape
The prominent key players in the malignant lymphoma market outlook are the following:
In May 2021, the popular enterpriser PerkinElmer, Inc is planning to acquire the Immunodiagnostic Systems Holdings PLC with an investment of nearly $155 million for expanding their overall diagnostics business.
In March 2020, one of the well-known companies Kura Oncology conducted a clinical trial for a pipeline candidate named tipifarnib which is used for the disease indication of peripheral T-cell lymphoma. Present, the clinical trial is in Phase-II and it received the fast track designation from the FDA.
In February 2021, the famous enterpriser Bristol Myers Squibb announced that their company received approval from the U.S Food and Drug Administration (FDA) for cancer immunotherapy as a treatment for adults who are having certain types of non-Hodgkin lymphoma.
This global malignant lymphoma market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the malignant lymphoma market drivers, restraints, challenges, and opportunities. The malignant lymphoma market forecast segments into three forms type, region, and treatment.
Value (USD Million)
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
types and treatment
North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Abbott Laboratories, ABIOGEN PHARMA S.p.A., Actelion Pharmaceuticals, Aeterna Zentaris, Inc., Allos Therapeutics, Astellas Pharma, Bristol-Myers Squibb Company, Celgene Corporation, Eli Lilly and Company, Genmab, Inovio Pharmaceuticals, Johnson & Johnson, and Merck & Co. Inc., Novartis, Onyx Pharmaceuticals, Roche, Seattle Genetics
Key Market Opportunities
technological advancement, macro economical and governing factors
Key Market Drivers
joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments
Malignant Lymphoma Market Highlights:
Frequently Asked Questions (FAQ) :
The outlook of the global malignant lymphoma market looks very promising.
Increased government funding for the drug development and increment in the global economy that is widening the access to quality care are the major tailwinds pushing the growth of the global malignant lymphoma market.
North America holds the largest share in the global malignant lymphoma market, followed by Europe and the Asia Pacific, respectively.
Abiogen Pharma S.p.A., Abbott Laboratories, Genmab, Actelion Pharmaceuticals, Allos Therapeutics, Aeterna Zentaris, Inc., Novartis, Astellas Pharma, Seattle Genetics Johnson & Johnson, Celgene Corporation, Bristol-Myers Squibb Company, Roche, Merck & Co. Inc., Eli Lilly and Company, Inovio Pharmaceuticals, and Onyx Pharmaceuticals, are some of the major players operating in the malignant lymphoma market.
Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global malignant lymphoma market adopt to gain a larger competitive advantage.
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