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Biosimilar Lymphocyte Modulator Market Share Report, Trends And Forecast To 2033
Biosimilar Lymphocyte Modulator Market Share
According to The Business Research Company's, The biosimilar lymphocyte modulator market size has grown rapidly in recent years. It will grow from $1.71 billion in 2023 to $1.91 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to rising prevalence of immune-mediated diseases, increasing awareness of lymphocyte modulators, growing government support for biosimilars, expansion of the biosimilar.
The biosimilar lymphocyte modulator market size is expected to see rapidly grown in the next few years. It will grow to $2.86 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increasing patient demand for biosimilars, growing patient population, growing demand for personalized medicine, growing demand for minimally invasive procedures, expanding biologic drug portfolio. Major trends in the forecast period include advances in biosimilar technology, quality and efficacy assurance, patient-centric approaches, biosimilars, biologic innovation.
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Market Drivers and Trends:
Immunotherapy combined with other cancer treatments is expected to drive the growth of the biosimilar lymphocyte modulator market. The combination of immunotherapies or pairing of immunotherapies with other types of cancer treatments, such as chemotherapy or radiation, enhances the benefit associated with lymphocyte modulators. In December 2021, according to a study conducted by the researchers at Washington University School of Medicine in St. Louis, pre-activated natural killer cells will have been shown in a limited clinical trial to be helpful for some adolescents and young adults with recurrent AML who have few other therapeutic choices. Combining the therapies helps determine whether alternative chemotherapy can improve the killing of leukaemia cells, and researchers have combined memory-like natural killer cells to see if this is possible. The combination approach, therefore, saves patients' lives from a life-threatening reaction of the immune system, thereby driving the growth of the lymphocyte modulator market.
Tumor-infiltrating lymphocyte immunotherapy has been gaining popularity in recent times because of its positive results in anti-cancer treatments. Tumor-infiltrating lymphocytes (TILs) comprise all lymphocytic cell populations that have occupied the tumor tissue. TILs have been depicted in various solid tumors, including breast cancer, and are emerging as a significant biomarker in predicting the efficacy and result of treatment. Due to promising results, many companies have started launching TIL technologies. For instance, in 2021, Lovance Biotherapeutics, a US-based start-up company, and Iovance successfully carried out phase II trials of TIL therapy for solid tumor treatment.
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Major Key Players of the Market:
Pfizer Inc.; Biogen Inc.; Celltrion Inc.; Genentech Inc.; Novartis AG; Sandoz International GmbH; Mylan N.V.; Fresenius Kabi AG; Biocon Ltd.; Dr. Reddy's Laboratories Ltd.; Intas Pharmaceuticals Ltd.; Lupin Limited; Stada Arzneimittel AG; Zydus Cadila; Hetero Drugs Limited; Torrent Pharmaceuticals Ltd.; Glenmark Pharmaceuticals Ltd.; Alvotech; Coherus BioSciences; Innovent Biologics; Shanghai Henlius Biotech; BioXpress Therapeutics SA; Mabion SA; Polpharma Biologics; Prestige BioPharma; Qilu Pharmaceutical; Shanghai Fosun Pharmaceutical Group Co. Ltd.; Wockhardt Ltd.; Amega Biotech
Biosimilar Lymphocyte Modulator Market 2024 Key Insights:
• The biosimilar lymphocyte modulator market size will grow to $2.86 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%.
• Immunotherapy Combinations Drive Growth In The Biosimilar Lymphocyte Modulator Market
• Tumor-Infiltrating Lymphocyte Immunotherapy Gains Momentum In Anti-Cancer Treatment
• North America was the largest region in the biosimilar lymphocyte modulator market in 2023
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