Press release
Global Bruton's Tyrosine Kinase (BTK) Inhibitors Market Size To Grow At A Healthy Rate In The Forecast Period Of 2023-2031
Bruton's Tyrosine Kinase (BTK) Inhibitors Market
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter's Five Forces Models.
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The key highlights of the report include:
Market Overview (2016-2031)
Historical Market Size (2022): USD 559 billion
Forecast CAGR (2023-2031): 8.2%
The growth of the global Bruton's tyrosine kinase (BTK) inhibitors market can be attributed to increased initiatives by various governments to create awareness regarding BKT inhibitors among the general population. Increasing investments in healthcare infrastructure and research and development sector alongside prevailing risk of mantle cell lymphoma is predicted to have a positive impact on the growth of the market. The projected increase in development of advanced technology is expected to provide lucrative opportunities to the market.
The market for Bruton tyrosine kinase inhibitors is expected to grow at an exponential rate in the coming years as therapeutic and medical sectors develop. These inhibitors have a broad consumer base and are expected to further grow in the future due to the market's rapid expansion. Initiatives to spread awareness about various modes of treatment is further expected to boost the global Bruton's tyrosine kinase (BTK) inhibitors market growth.
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This growing awareness alongside rise in research and development expenditure by biopharmaceutical companies is set to offer great advancements to the BKT inhibitors market. However, the lack of availability of qualified medical professionals and limited infrastructure is expected to pose as a challenge for the BKT inhibitors market in developing countries.
Bruton's Tyrosine Kinase (BTK) Inhibitors Industry Definition and Major Segments
A Bruton tyrosine kinase (BKT) inhibitor regulates B cell proliferation, differentiation, signalling, and growth by targeting B cell receptors. BKT inhibitors fall under the category of non-receptor tyrosine kinase inhibitors. Their primary function is the inhibition of the enzyme BKT, this function is essential for receptor signalling pathway of B cells.
On the basis of type, the market is bifurcated into:
First Generation
Second Generation
Based on drug, the market is divided into:
Imbruvica
Calquence
Brukinsa
On the basis of application, the market is classified into:
Chronic Lymphocytic Leukemia (CLL)
Mantle Cell Lymphoma (MCL)
Waldenström's Macroglobulinemia
Small Lymphocytic Lymphoma
Marginal Zone Lymphoma
Others
Based on distribution channel, the market is segmented into:
Hospital Based Pharmacies
Online Pharmacies
Retail Pharmacies
On the basis of region, the market is categorised into:
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
Bruton's Tyrosine Kinase (BTK) Inhibitors Market Trends
The key trends in the global Bruton's Tyrosine Kinase (BTK) inhibitors market include growing requirements of treatments for lymphoma and leukaemia as the number of people suffering from these diseases increase at a rapid speed. With rapid rise in leukaemia and lymphoma cases and healthcare being easily accessible, BKT inhibitors can help meet the demands of cancer treatment.
Increasing novel drug launches as well as rising drug approvals are expected to fuel the growth of the Bruton's tyrosine kinase inhibitors market. The increasing prevalence of chronic diseases coupled with rising disposable incomes is also expected to immensely contribute towards the global Bruton's Tyrosine Kinase (BTK) inhibitors market growth. Collaboration of companies and academic professionals is further expected to contribute towards the development of BKT inhibitors.
In regional terms, North America accounts for a significant portion of the global Bruton's tyrosine kinase (BTK) inhibitors market, owing to prevalence of chronic illnesses, improved healthcare infrastructure, and increased awareness. In the upcoming years the market in the Asia Pacific region is expected to grow at a rapid pace due to their improvements in healthcare infrastructure and developments in therapeutic and biotechnology research.
Key Market Players
The major players in the global Bruton's tyrosine kinase (BTK) inhibitors market report are:
BeiGene, Ltd.
Merck KGaA
Principia Biopharma Inc.
ACEA Biosciences, Inc.
Bristol- Myers Squibb Company
Adolph Kiefer & Associates, Llc
Johnson & Johnson Services, Inc
ACEA Biosciences Inc.
Aptose Biosciences Inc. (APTO)
Eternity Bioscience Inc.
Takeda Pharmaceuticals Industries Ltd.
Gilead Sciences Inc.
AbbVie Inc.
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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