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Non-Hodgkin Lymphoma Therapeutics Market is Trending with CAGR of 7.4% by 2023, Key Players- F. HOFFMAN LA-ROCHE, JOHNSON & JOHNSON, MERCK, BRISTOL MYERS SQUIBB CO., CELGENE CORP, ELI LILLY AND CO., GLAXOSMITHKLINE

05-23-2019 04:50 PM CET | Health & Medicine

Press release from: Market Prognosis

Non-Hodgkin Lymphoma Therapeutics Market Overview
The global non-hodgkin lymphoma therapeutics market has been estimated to reach USD 7.45 billion in 2023. The market is expected to register a CAGR of 7.4% during the forecast period 2018 to 2023. North America dominates the market due to the increasing technological advancements.

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Increase in public awareness about NHL and robust drug pipeline for the treatment of NHL
Increase in public awareness about NHL and robust drug pipeline for the treatment of NHL is driving the market. Improved diagnostic techniques to detect NHL is positively affecting the market. In addition, increase in prevalence of non hodgin lymphoma is also fuelling the NHL therapeutics market across the globe.

Key developments in the market
In August, 2017 Gilead Sciences, Inc. and Kite Pharma, Inc. announced today that the companies have entered into a definitive agreement pursuant to which Gilead will acquire Kite for $11.9 billion. Kite’s most advanced therapy candidate, axicabtagene ciloleucel, is a CAR T therapy currently under priority review by the U.S. Food and Drug Administration (FDA). It is expected to be the first to market as a treatment for refractory aggressive non-Hodgkin lymphoma.
In November, 2017, U.S. Food and Drug Administration (FDA) approved the molecularly targeted therapeutic acalabrutinib (Calquence) from AstraZeneca for treating adults who have an aggressive form of non-Hodgkin lymphoma called mantle cell lymphoma that has progressed despite at least one prior treatment.

Major key players:
F. HOFFMAN LA-ROCHE LTD., JOHNSON & JOHNSON, MERCK, BRISTOL MYERS SQUIBB CO., CELGENE CORP, ELI LILLY AND CO., GLAXOSMITHKLINE PLC and BAYER AG etc.

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High cost of NHL drugs and side-effects associated with them
High cost of NHL drugs and various complications associated with it is acting as a restraint for non-hodgkin lymphoma therapeutics market. Additionally, increasing rituximab resistance, along with the stringent regulatory guidelines are restraining the growth of the market.

North America to dominate the market
The Non-Hodgkin Lymphoma Therapeutics market is segmented by type of treatment and geography. By geography it is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa and South America.
North America dominates the non-hodgkin lymphoma therapeutics market due to the increasing technological advancements and the rising incidence of NHL in the country. Asia-Pacific is also expected to propel the non-hodgkin lymphoma therapeutics market owing to factors, such as increasing accessibility to healthcare facilities in the region, and increasing prevalence of NHL.

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About Market Prognosis
We at Market Prognosis believe in giving a crystal clear view of market dynamics for achieving success in today’s complex and competitive marketplace through our quantitative & qualitative research methods.
We help our clients identify the best market insights and analysis required for their business thus enabling them to take strategic and intelligent decision.
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