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Follicular Lymphoma Treatment Market 2023 | Share Analysis, Trends, And Forecast To 2032
Follicular Lymphoma Treatment Market Analysis
The Business Research Company's Follicular Lymphoma Treatment Global Market Report 2023 identifies rising prevalence of follicular lymphoma as the major driver for the follicular lymphoma treatment market's growth in the forecast period. The prevalence of follicular lymphoma refers to the total number or proportion of individuals within a specific population diagnosed with follicular lymphoma at a given time or over a particular period. This shift has resulted from the rise in the aging population, genetic predisposition, improved diagnostic techniques, and increased awareness and screening. Follicular lymphoma treatment helps reduce the prevalence of follicular lymphoma by addressing the disease at various stages and aids in disease treatment and progression. The rise in the incidence of follicular lymphoma is boosting the growth of the follicular lymphoma treatment market.
The global follicular lymphoma treatment market size is expected to grow from $2.59 billion in 2022 to $2.83 billion in 2023 at a compound annual growth rate (CAGR) of 9.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global follicular lymphoma treatment market size is expected to reach $3.8 billion in 2027 at a CAGR of 8.1%.
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Major competitors in the follicular lymphoma treatment market are AbbVie Inc., Celgene Corporation, Bayer AG, Bristol Myers Squibb, F. Hoffmann-La Roche Ltd., Johnson and Johnson Services Inc., GlaxoSmithKline Plc.
A key trend in the follicular lymphoma treatment market includes technological advancement. Companies operating in the follicular lymphoma treatment market are adopting advanced diagnoses and treatments for follicular lymphoma to sustain their position in the market. For instance, in December 2022, Genentech Inc., a US-based biotechnology company, received FDA approval for Lunsumio, a novel bispecific antibody for treating relapsed or refractory follicular lymphoma. This antibody is a new class of fixed-duration cancer treatment immunotherapy, and it is a readily available and off-the-shelf treatment options patients are not needed to wait to receive this immunotherapy treatment. The FDA approval is based on positive results from the Lunsumio Phase II GO29781 research in persons with extensively pretreated FL, particularly those at high risk of illness progression or unresponsive to prior treatments.
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The follicular lymphoma treatment market is segmented -
1) By Treatment: Monoclonal Antibodies, Targeted Therapy, Chemotherapy, Radiation Therapy, Stem Cell Transplant, Alkylating Agents, Nucleoside Analogues, Anthracycline Derivatives, Other Treatments
2) By Product Type: Tablets, Capsules, Injectables, Other Product Types
3) By Route of Administration: Oral, Parenteral, Other Route of Administration
4) By End Use: Hospitals, Oncology Centers, Ambulatory Care Centers, Academic Research Institutes, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the follicular lymphoma treatment market.
The Business Research Company's "Global Follicular Lymphoma Treatment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Follicular Lymphoma Treatment Market Include:
1. Executive Summary
2. Follicular Lymphoma Treatment Market Characteristics
3. Follicular Lymphoma Treatment Market Trends And Strategies
4. Follicular Lymphoma Treatment Market - Macro Economic Scenario
5. Follicular Lymphoma Treatment Market Size And Growth
….
26. Africa Follicular Lymphoma Treatment Market
27. Follicular Lymphoma Treatment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Follicular Lymphoma Treatment Market
29. Follicular Lymphoma Treatment Market Future Outlook and Potential Analysis
30. Appendix
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