Press release
Rising Cancer Incidence Fuels Growth Of The Market: A Key Factor Shaping the Future of the Omisirge Market in 2025
Omisirge Market
What industry-specific factors are fueling the growth of the omisirge market?
The increasing prevalence of cancer is expected to drive the growth of the omisirge market. Cancer is characterized by uncontrolled cell growth that can invade surrounding tissues and spread to other parts of the body. The rise in cancer cases is largely driven by factors such as increased exposure to carcinogens (e.g., tobacco, UV radiation, and chemicals), a growing elderly population, and lifestyle factors like diet and exercise. Omisirge offers an innovative approach to cancer treatment by targeting the immune system to enhance its natural ability to fight cancer cells, providing a promising therapeutic option for cancers that are resistant to traditional therapies. For example, in January 2023, the American Cancer Society reported that the number of cancer cases had increased to 1,958,310 in 2023, a growth of 3.16% from 1,898,160 in 2021. This surge in cancer cases is contributing to the growing demand for omisirge.
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What Is the projected market size and growth rate for the omisirge market?
The omisirge market size has grown at XX (HCAGR) in recent years. It is expected to increase from $XX million in 2024 to $XX million in 2025, at a compound annual growth rate (CAGR) of XX%. Factors driving this growth include the prevalence of chronic disorders, an increase in clinical trials, a rising geriatric population, improving healthcare infrastructure, and expanding research and development activities.
The Omisirge market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to increasing healthcare expenditure, rising government initiatives, rising disposable income, increasing personalized medicines, and growing prevalence of cancer. Major trends in the forecast period include a focus on product launch, strategic collaboration, technological advancement, drug approval by authorities, and investment in research and development.
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What new trends are reshaping the omisirge market and its opportunities?
One key development in the omisirge market is the attainment of drug authorization from regulating bodies to secure a competitive advantage in the sector. Drug authorization encompasses the assessment and approval of a new drug for usage and sale by regulatory bodies, ensuring its safety, efficacy, and quality based on data from clinical trials. For instance, in April 2023, the U.S. Food and Drug Administration gave its approval to Gamida Cell Ltd., a biotechnology company based in the US, for the usage of Omisirge in adult and pediatric patients aged 12 and above suffering from hematologic malignancies who undergo umbilical cord blood transplantation after myeloablative conditioning. This approval signals a significant step forward in cell therapy for patients with blood cancer, as Omisirge is engineered to speed up neutrophil recovery and decrease the risk of infection. Administered in a single intravenous dose, Omisirge is made up of human allogeneic stem cells grown with nicotinamide (a type of vitamin B3). Each dose for the patients is prepared using healthy stem cells from a carefully picked unrelated donor, instead of the patient's own cells.
What major market segments define the scope and growth of the omisirge market?
The omisirge market covered in this report is segmented -
1) By Clinical Indication: Leukemia; Lymphoma; Myeloma; Other Hematologic Malignancies
2) By Distribution Channel: Direct Sales; Distributors
3) By End User: Hospitals And Clinics; Ambulatory Surgical Centers
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Which region dominates the omisirge market?
North America was the largest region in the omisirge market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the omisirge market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the omisirge industry growth?
Major companies operating in the omisirge market are Gamida Cell Ltd.
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What Is Covered In The Omisirge Global Market Report?
•Market Size Forecast: Examine the omisirge market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the omisirge market for a structured understanding.
•Key Players Overview: Analyze major players in the omisirge market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the omisirge market.
•Segment Contributions: Evaluate how different segments drive overall growth in the omisirge market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the omisirge market.
•Industry Challenges: Identify potential risks and obstacles affecting the omisirge market.
•Competitive Landscape: Review strategic developments in the omisirge market, including expansions, agreements, and new product launches.
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