Overview and Scope
Ibrutinib refers to an anti-cancer small-molecule drug that inhibits B-cell proliferation and survival by irreversibly binding the protein Bruton’s tyrosine kinase (BTK). Ibrutinib is an oral medicine that may need to be adjusted based on the patient’s response to the medication and any side effects.
Sizing and Forecast
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.
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Segmentation & Regional Insights
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
North America was the largest region in the ibrutinib market in 2023. The regions covered in the ibrutinib market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
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.
Key Industry Players
Major companies operating in the ibrutinib market report are Johnson And Johnson Pvt Ltd., AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, Fresenius Kabi Oncology Ltd., Teva Pharmaceutical Industries Limited, Dr. Reddy’s Laboratories Ltd., Apotex Inc., Cipla Limited, Zydus Lifesciences Limited, Sun Pharmaceutical Industries Ltd., Supriya Lifescience Ltd., Incepta Pharmaceuticals Ltd., Accord Healthcare Limited, Natco Pharma Ltd., Haoyuan Chemexpress, Toronto Research Chemicals, Shilpa Medicare Limited, ScinoPharm Taiwan Ltd., Beacon Pharmaceuticals PLC, Minakem SAS, Wisdom Pharmaceutical Co Ltd., Bluepharma Group, Clearsynth Labs Limited, LGM Pharma LLC, MSN Laboratories Pvt Ltd., Bulat Pharmaceutical Private Limited, A.R. Life Science Pvt. Ltd., Hetero Drugs Ltd., Anant Pharmaceuticals Pvt. Ltd.
The ibrutinib market report table of contents includes:
1. Executive Summary
2. Ibrutinib Market Characteristics
3. Ibrutinib Market Trends And Strategies
4. Ibrutinib Market – Macro Economic Scenario
5. Global Ibrutinib Market Size and Growth
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31. Ibrutinib Market Other Major And Innovative Companies
32. Global Ibrutinib Market Competitive Benchmarking
33. Global Ibrutinib Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ibrutinib Market
35. Ibrutinib Market Future Outlook and Potential Analysis
36.Appendix
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