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Lenalidomide Market Research 2024-2033 - Size, Outlook, Overview And Competitor Analysis
Lenalidomide Market
As per the report, the lenalidomide market size has grown strongly in recent years. It will grow from $11.05 billion in 2023 to $11.91 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The lenalidomide market size is expected to see strong growth in the next few years. It will grow to $16.29 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
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Blood Cancer Prevalence Driving Growth Of Lenalidomide Market
The increase in the prevalence of blood cancer cases is expected to propel the growth of the lenalidomide market going forward. Blood cancer is a condition where abnormal cells disrupt the normal functioning and production of blood cells. The prevalence of blood cancer is due to factors such as aging populations, environmental toxins, genetic susceptibility, and lifestyle changes. Lenalidomide assists in managing blood cancer by regulating the immune system, suppressing cancer cell proliferation, and promoting the elimination of malignant cells. For instance, in January 2023, according to the Cancer Facts and Figures 2023 report published by the American Cancer Society, a US-based non-profit organization, in the US, an estimated number of new myeloma cases in 2023 was 35,730, with 19,860 males and 15,870 females. Further, in 2023, an estimated total of 184,720 individuals in the United States are expected to receive diagnoses of leukemia, lymphoma, or myeloma. Therefore, the increase in the prevalence of blood cancer cases is driving the growth of the lenalidomide market.
Advancements In The Lenalidomide Market
Major companies operating in the lenalidomide market are focusing on developing innovative drugs, such as a generic version of the lenalidomide capsules, to meet the growing demand for cost-effective treatment options and expand their market presence. The generic version of the lenalidomide capsules refers to a copy of the original drug that works the same way as the original. For instance, in February 2022, Sandoz, a Switzerland-based pharmaceutical company, launched a generic version of lenalidomide across 19 European countries. The medication is indicated for various hemo-oncology conditions and aligns with the latest ESMO guidelines. It offers cost savings for patients with multiple myeloma, previously treated follicular lymphoma, transfusion-dependent anemia due to specific myelodysplastic syndromes, and relapsed or refractory mantle cell lymphoma.
The lenalidomide market covered in this report is segmented -
1) By Type: 5Mg Capsules, 10Mg Capsules, 15Mg Capsules, 25Mg Capsules
2) By Application: Multiple Myeloma (MM), Myelodysplastic Syndromes (MDS), Lymphoma, Other Applications
3) By End-User: Hospitals, Cancer Treatment Centers, Research Institutes
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Major companies operating in the lenalidomide market are Bristol-Myers Squibb Company, Novartis AG, Amgen Inc, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Intas Pharmaceuticals Ltd, Aurobindo Pharma, Dr. Reddy's Laboratories, Cipla Limited, Apotex Inc, Zydus Lifesciences Limited, Alvogen, Lotus Pharmaceutical, Natco Pharma Limited, Accord Healthcare, Veranova, Avra Laboratories Pvt. Ltd., Camber Pharmaceuticals Inc., Rochem International Inc, Florencia Healthcare, Alleviare Life Sciences Pvt Ltd., LGM Pharma LLC, Sarv Biolabs Pvt Ltd, Speciality Medicines Private Limited, Healthiza Lifescience Private Limited.
Contents of the report:
1. Executive Summary
2. Lenalidomide Market Report Structure
3. Lenalidomide Market Trends And Strategies
4. Lenalidomide Market - Macro Economic Scenario
5. Lenalidomide Market Size And Growth
…..
27. Lenalidomide Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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