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Diffuse Large B-cell Lymphoma Therapeutics Global Market 2024 - Increasing Demand, Emerging Trends, Growth Opportunity And Outlook 2033
Diffuse Large B-cell Lymphoma Therapeutics Global Market
According to The Business Research Company's, The diffuse large b-cell lymphoma therapeutics market size has grown strongly in recent years. It will grow from $4.4 billion in 2023 to $4.8 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to clinical research advances, regulatory approvals, patient awareness and diagnosis, collaborative initiatives, standard of care evolution..
The diffuse large b-cell lymphoma therapeutics market size is expected to see strong growth in the next few years. It will grow to $6.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to biomarker discovery, immunotherapy advancements, rising incidence rates, global aging population, healthcare infrastructure development, expanded access to novel drugs.. Major trends in the forecast period include rise of outpatient treatment settings, collaborative clinical trials, patient-centric care models, advances in diagnostic imaging, healthcare digitalization..
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Market Drivers and Trends:
The increasing incidence of diffuse large B-cell lymphoma (DLBCL) is expected to propel the growth of the diffuse large B-cell lymphoma therapeutics market going forward. Diffuse large B-cell lymphoma (DLBCL) is a type of aggressive cancer that originates from B-cells in the lymphatic system and is characterized by rapid and diffuse growth. It is a type of non-Hodgkin lymphoma (NHL). The diffuse large B-cell lymphoma therapeutics help to improve outcomes for individuals already diagnosed with the condition by targeting and managing the cancer cells. For instance, the American Cancer Society, a US-based voluntary health organization, estimated that in 2023, about 80,550 people (44,880 males and 35,670 females) will be diagnosed with non-Hodgkin's lymphoma (NHL), where about 20,180 people will die from NHL. Therefore, the increasing incidence of diffuse large B-cell lymphoma (DLBCL) drives the growth of the diffuse large B-cell lymphoma therapeutics market.
Development drug therapeutics are a key trend gaining popularity in the diffuse large B-cell lymphoma therapeutics market. Major companies operating in the diffuse large B-cell lymphoma therapeutics market are developing drugs for therapies to sustain their position in the market. For instance, in June 2022, Bristol-Myers Squibb, a US-based pharmaceutical company focused on research and development of drugs, received US FDA approval for CAR T Cell Therapy Breyanzi for the treatment of patients with diffuse large B-cell lymphoma (DLBCL), large B-cell lymphoma (LBCL), and relapsed or refractory large B-cell lymphoma. Breyanzi is a CD19-directed chimeric antigen receptor (CAR) T-cell therapy for a broad range of patients having primary mediastinal large B-cell lymphoma, high-grade B-cell lymphoma, and follicular lymphoma grade 3B.
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Major Key Players of the Market:
Novartis AG; Pfizer Inc.; Merck & Co Inc.; GlaxoSmithKline plc; F. Hoffmann-La Roche AG; CTI BioPharma Corp.; Celltrion Healthcare Co Ltd.; Bristol-Myers Squibb Company; AbbVie Inc.; Gilead Sciences Inc.; Seagen Inc.; Kite Pharma Inc.; ADC Therapeutics SA; Bayer AG; Erytech Pharma SA; Xencor Inc.; Denovo Biopharma LLC; Calithera Biosciences Inc.; IMV Inc.; Biogen Inc.; Autolus Therapeutics plc; Allogene Therapeutics Inc.; Spectrum Pharmaceuticals Inc.; AstraZeneca PLC; Baxter International Inc.; Teva Pharmaceutical Industries Ltd.; Aptevo Therapeutics Inc.; Takeda Pharmaceutical Company Limited; Johnson & Johnson; Celgene Corporation; Eli Lilly and Company; Sanofi SA; Seattle Genetics Inc.; Karyopharm Therapeutics Inc.; TG Therapeutics Inc.; MorphoSys AG;
Diffuse Large B-cell Lymphoma Therapeutics Market 2024 Key Insights:
• The diffuse large b-cell lymphoma therapeutics market will grow to $6.49 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Rising Prevalence Of Diffuse Large B-Cell Lymphoma To Drive Market Growth
• Advancements In Drug Therapeutics Transforming The Market
• North America was the largest region in the global diffuse large B-cell lymphoma therapeutics market in 2023
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