The Ibrutinib Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Ibrutinib Global Market Report 2024, The ibrutinib market size has grown exponentially in recent years. It will grow from $14.87 billion in 2023 to $18.29 billion in 2024 at a compound annual growth rate (CAGR) of 23.0%. The growth in the historic period can be attributed to fda approval and regulatory milestones, clinical trial success, increased understanding of b-cell receptor pathway, expanded indications, physician adoption.
The ibrutinib market size is expected to see exponential growth in the next few years. It will grow to $41.98 billion in 2028 at a compound annual growth rate (CAGR) of 23.1%. The growth in the forecast period can be attributed to potential label expansions, global market expansion, biosimilar competition, patient-centric healthcare models. Major trends in the forecast period include expanded indications and clinical trials, competitive landscape and market entry, biosimilars and generics development, health technology assessment and market access, real-world evidence and long-term safety profiles.
The increasing incidence of lymphoma is expected to propel the growth of the ibrutinib market going forward. Lymphoma is a type of cancer originating from lymphocytes, the immune system’s infection-fighting cells. It occurs when there is an abnormal growth of lymphocytes, a type of white blood cell that plays a crucial role in the immune response. Ibrutinib is used in treating lymphoma, specifically B-cell malignancies, by inhibiting tyrosine kinase enzymes, which help send growth signals in cells. For instance, in September 2022, according to Cancer Australia, an Australia-based government agency, in 2022, there were 7,397 lymphoma cases diagnosed, and the number of deaths from lymphoma in Australia had increased to 1,766 an increase compared with 1,679 deaths from lymphoma in 2020. Therefore, the increasing incidence of lymphoma is driving the growth of the ibrutinib market.
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The ibrutinib market covered in this report is segmented –
1) By Type: Capsules, Tablets
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By Applications: Chronic Lymphocytic Leukemia (CLL), Small Lymphocytic Lymphoma (SLL), Other Applications
4) By End-User: Hospitals, Clinics, Specialty Centers, Ambulatory Surgical Centers
Major companies operating in the ibrutinib market are developing innovative drugs such as imbruvica and getting approval to serve patients better. Imbruvica (ibrutinib) is a kinase inhibitor used to treat pediatric patients with chronic graft-versus-host disease (cGVHD) after one or more lines of systemic therapy fail. For instance, in August 2022, Janssen Pharmaceutical, a Pharmaceutical Companies of Johnson & Johnson, a US-based pharmaceutical and medical technology corporation, received US Food and Drug Administration (FDA) approval for Imbruvica (ibrutinib), a once-daily oral medication. Ibrutinib works by blocking the BTK protein, which is involved in the development of cGVHD. It is a significant advance in treating this condition and provides a new treatment option for patients who have yet to respond to other treatments.
The ibrutinib market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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