Growing prevalence of follicular lymphoma worldwide and rising need for improved and more advanced treatment for the condition are among the key factors driving the global market revenue growth.
Growing prevalence of follicular lymphoma worldwide and rising need for improved and more advanced treatment for the condition are among the key factors driving the global market revenue growth
Emergen Research has published its latest report titled “Follicular Lymphoma Treatment Market, By Treatment (Monoclonal Antibodies, Targeted Therapy, Chemotherapy, Radiation Therapy, Stem Cell Transplant, Alkylating Agents, Nucleoside Analogues, Anthracycline Derivatives, Others), By Route of Administration (Oral, Parenteral, Others), By End-use (Hospitals & Clinics, Oncology Centers, Ambulatory Care Centers, Academic Research Institutes, Others), and By Region Forecast to 2028”
According to Emergen Research, the global follicular lymphoma treatment market size was USD 2.23 billion in 2020 and is expected to reach USD 4.01 billion in 2028 and register a revenue CAGR of 7.6% during the forecast period, 2021-2028.
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Market Dynamics:
Key factors contributing to the global follicular lymphoma treatment market revenue growth are growing prevalence of follicular lymphoma across the globe, rising occurrence of blood disorders, rising awareness of blood cancer worldwide, and increasing research & development activities for newer and more advanced drugs and treatment methods for the disease. Rising awareness of early diagnosis and treatment of various blood cancers, increasing use of monoclonal antibodies in follicular lymphoma treatment, rise in government initiatives towards advanced cancer management, and increasing regulatory approvals for new and promising pipeline drugs are among the other major factors expected to boost the global market revenue growth over the forecast period. For instance, the U.S. FDA approved the Tazemetostat drug for treatment of relapsed or refractory follicular lymphoma in adults in June 2020.
Follicular lymphoma is a type of non-Hodgkin lymphoma (NHL), one of the most common blood cancer types. This type of cancer is slow-growing and affects the lymphatic system of the body, leading to rapid and abnormal growth of B lymphocytes in the blood. Common symptoms of the disease include fatigue, weight loss, night sweats, shortness of breath, and enlargement of the lymph node in various body parts such as the groin, abdomen, and neck. Follicular lymphoma is the second most prevalent sub-type of non-Hodgkin lymphoma in the world. As estimated by the National Cancer Institute, NIH, over 72,000 people in the U.S. were diagnosed with several forms of NHL in 2017. Some of the most common treatment methods for follicular lymphoma are chemotherapy, radiation therapy, targeted therapy, and stem cell transplantation. Advances in chemotherapy and radiation techniques for more effective treatment of follicular lymphoma are expected to further drive the global follicular lymphoma treatment market revenue growth.
COVID-19 Impact Analysis:
- Social distancing and restrictions severely disrupted businesses and operations
- Lockdowns caused disruptions in transportation and logistics
- Impacted manufacturing activities and mining operations globally
- Took a toll on economy of various countries
- Caused sudden and drastic downturn in economic activity
- Disrupted agriculture, fisheries, dairy, and other sectors
- Caused loss of employment and financial crisis
- Supply impacts were further compounded owing to reduced disposable income
- Emergence of variants continue to cause concerns and impact normal routines
Targeted Therapy Segment Accounted for Largest Revenue Share in 2020:
Based on treatment, the global follicular lymphoma treatment market is segmented into Monoclonal Antibodies, Targeted Therapy, Chemotherapy, Radiation Therapy, Stem Cell Transplant, Alkylating Agents, Nucleoside Analogues, Anthracycline Derivatives, and Others. The targeted therapy segment dominated other segments in terms of revenue share in the global market in 2020. Rising prevalence of follicular lymphoma worldwide, increasing awareness of early detection and treatment of blood cancer, growing need for more advanced diagnostic and treatment methods for follicular lymphoma, and growing preference for targeted therapy for follicular lymphoma treatment are major factors driving revenue growth of this segment.
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Hospitals & Clinics Segment to Account for Fastest Revenue CAGR:
Based on end-use, the global follicular lymphoma treatment market is segmented into Hospitals & Clinics, Oncology Centers, Ambulatory Care Centers, Academic Research Institutes, and Others. The hospitals segment is expected to register the fastest revenue growth rate in the global market over the forecast period. Key factors supporting revenue growth of this segment are rising prevalence of blood cancer, increasing cases of follicular lymphoma, and rapid adoption of highly advanced diagnostic and treatment methods in hospitals.
North America Accounted for Largest Revenue Share in 2020:
Among regional markets, the North America follicular lymphoma treatment market led in terms of largest revenue share in the global market in 2020. Rising prevalence of non-Hodgkin lymphoma, increasing cases of follicular lymphoma, introduction of technologically advanced follicular lymphoma diagnostic and treatment methods, and presence of advanced healthcare infrastructure and key market players in the region, including Bristol Myers Squibb and Company, AbbVie, Inc., and Johnson and Johnson Services, Inc., are major factors contributing to the regional market revenue growth.
Major Companies in the Global Follicular Lymphoma Treatment Market Include:
- AbbVie, Inc.
- Celgene Corporation
- Bayer AG
- Bristol Myers Squibb and Company
- Epizyme Inc.
- F. Hoffmann La Roche Ltd.
- GlaxoSmithKline plc
- Johnson and Johnson Services, Inc.
- Merck & Co. Inc.
- Novartis AG
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For the purpose of this report, Emergen Research has segmented the global follicular lymphoma treatment market on the basis of treatment, route of administration, end-use, and region:
Treatment Outlook (Revenue, USD Billion; 2018-2028)
- Monoclonal Antibodies
- Targeted Therapy
- Chemotherapy
- Radiation Therapy
- Stem Cell Transplant
- Alkylating Agents
- Nucleoside Analogues
- Anthracycline Derivatives
- Others
Route of Administration Outlook (Revenue, USD Billion; 2018-2028)
- Oral
- Parenteral
- Others
End-use Outlook (Revenue, USD Billion; 2018-2028)
- Hospitals
- Oncology Centers
- Ambulatory Care Centers
- Academic Research Institutes
- Others
Region Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Turkey
- Rest of Middle East & Africa
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