Press release
Strategic Forecast for the Follicular Lymphoma Treatment Industry: Market Outlook 2025-2034
Follicular Lymphoma Treatment
Follicular Lymphoma Treatment Market Size Growth Forecast: What to Expect by 2025?
In recent times, there has been significant growth in the size of the follicular lymphoma treatment market. The market, valued at $3.05 billion in 2024, is forecasted to escalate to $3.31 billion in 2025, with a compound annual growth rate (CAGR) of 8.5%. The growth observed in the historical period can be traced back to several factors including an enhanced incidence rate of follicular lymphoma, advancements in cancer diagnostic procedures, a growing aging population, clinical research and drug development endeavors, as well as collaborative efforts centred on oncology research.
How Will the Follicular Lymphoma Treatment Market Size Evolve and Grow by 2029?
The market size for follicular lymphoma treatment is anticipated to experience remarkable growth in the upcoming years, projected to reach "$4.57 billion by 2029 with a compound annual growth rate (CAGR) of 8.4%. This persistent growth in the projected period is associated with the adoption of personalized medicine strategies, advances in immunotherapy, broader access to ground-breaking therapies, emphasis on life quality, and worldwide initiatives to collaborate in oncology. Key trends expected to frame the forecast period comprise of clinical trials, research initiatives, the investigation of epigenetic modifiers, improvements in radioimmunotherapy, the use of artificial intelligence (AI), and worldwide collaboration efforts for therapy access.
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What Drivers Are Propelling the Growth of Follicular Lymphoma Treatment Market Forward?
The escalating incidence of follicular lymphoma is predicted to fuel the follicular lymphoma treatment market's expansion in the future. Follicular lymphoma prevalence pertains to the overall count or rate of individuals in a specific demographic who are diagnosed with the disease at a certain time or over a set duration. Factors such as an aging population, genetic predisposition, enhanced diagnostic methods, and heightened awareness and screenings have contributed to this transformation. The aim of follicular lymphoma treatment is to reduce the disease's recurrence by attacking it at different stages and assisting in its management and progression. A surge in the number of follicular lymphoma cases is stimulating the growth of the follicular lymphoma treatment market. For instance, as reported by the American Cancer Society, a US-based voluntary organization, in January 2023, non-Hodgkin lymphoma, a form of indolent follicular lymphoma, is the most common type of cancer in the US, making up about 4% of all cancers. It is anticipated that approximately 80,550 individuals (44,880 men and 35,670 women) will be diagnosed with NHL, including both adults and children. Hence, the escalating incidence of follicular lymphoma is propelling the expansion of the follicular lymphoma treatment market.
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Which Emerging Trends Are Transforming the Follicular Lymphoma Treatment Market in 2025?
Advanced diagnosis and treatment options are a growing trend in the follicular lymphoma treatment market. In December 2022, Genentech Inc. received FDA approval for Lunsumio, a bispecific antibody that offers off-the-shelf immunotherapy for patients with relapsed or refractory follicular lymphoma. Approval followed favorable Phase II trial results.
What Are the Key Segments in the Follicular Lymphoma Treatment Market?
The follicular lymphoma treatment market covered in this report 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
Subsegments:
1) By Monoclonal Antibodies: Rituximab, Obinutuzumab, Ofatumumab
2) By Targeted Therapy: PI3K Inhibitors, BTK Inhibitors, BCL-2 Inhibitors
3) By Chemotherapy: CHOP Regimen, Bendamustine, Fludarabine
4) By Radiation Therapy: External Beam Radiation Therapy (EBRT), Radioimmunotherapy
5) By Stem Cell Transplant: Autologous Stem Cell Transplant, Allogeneic Stem Cell Transplant
6) By Alkylating Agents: Cyclophosphamide, Ifosfamide
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Who Are the Key Players Shaping the Follicular Lymphoma Treatment Market's Competitive Landscape?
Major companies operating in the follicular lymphoma treatment market include AbbVie Inc., Bayer AG, Bristol Myers Squibb Company, F. Hoffmann-La Roche Ltd., Johnson and Johnson Services Inc., GlaxoSmithKline plc, Novartis AG, Merck & Co. Inc., EpiZyme Inc., Boehringer Ingelheim GmbH, CTI BioPharma Corp., Spectrum Pharmaceuticals Inc., Seattle Genetics Inc., Applied Molecular Genetics Inc., Daiichi Sankyo Company Ltd., Pfizer Inc., Incyte Corporation, MorphoSys AG, Regeneron Pharmaceuticals Inc., Eli Lilly and Company, Seagen Inc., Takeda Pharmaceutical Company, Nordic Nanovector ASA, ADC Therapeutics SA, MEI Pharma Inc., BeiGene Inc., TG Therapeutics Inc., Amgen Inc., Dr. Reddy's Laboratories Ltd.
What Geographic Markets Are Powering Growth in the Follicular Lymphoma Treatment Market?
North America was the largest region in the follicular lymphoma treatment market in 2024. The regions covered in the follicular lymphoma treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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