Fact.MR, a global research & consulting firm, in their updated edition of the report, indicated that the tumor lysis syndrome treatment market is projected to reflect a steady growth pace in 2021 and beyond.
Fact.MR, a global research & consulting firm, in their updated edition of the report, indicated that the tumor lysis syndrome treatment market is projected to reflect a steady growth pace in 2021 and beyond. Future tumor lysis syndrome treatment (TLS) demand is likely to be eavily influenced by increase in number of patients suffering with hematologic cancer. Surge in research and development for treatment of TLS.
“Rising prevalence of hematological malignancies as well as surge in regulatory approval for the cancer treatment is likely to be pivotal to driving future growth of tumor lysis syndrome treatment.” states Fact.MR.
Surging R&D Activities for Treatment of TLS will Boost Industry Growth
Surge in research & development for treating tumor lysis syndrome as well as enhanced healthcare infrastructure in several developing and under developed economies is likely fuel the growth of the industry for tumor lysis syndrome treatment.
Furthermore, support from government and non-government organizations and favorable reimbursement policies for the treatment of cancer-related disorders and cancer are other factors projected to fuel the industry expansion.
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How Rasburicase are Propelling Market Growth?
Rasburicase is widely utilized for tumor lysis syndrome. Due to its superior efficiency over allopurinol’s in decreasing of uric acid levels.
While, allopurinol and rasburicase are both known to decrease uric acid levels, allopurinol has no or lesser impact on present hyperuricemia; therefore, it could be preferentially utilized in patients with intermediate or low risk for TLS. Rasburicase, conversely, quickly reduces prevailing hyperuricemia. The role of rasburicase in the therapy of established tumor lysis syndrome is extensively accepted
Increased Funding from the Government Boosting Growth in The US
The US is projected to remain the prominent region for treatment of tumor lysis syndrome due to increased funding from the government and r&d activities for the expansion of novel therapies and drugs. The UK and Germany is projected to hold second biggest industry share due to enhanced healthcare infrastructure and growing occurrence of blood cancer.
India and China will foresee rapid expansion as compared to other regions because of huge patient pool of blood cancer, provision from government, as well as increasing medical tourism. Japan will foresee moderate growth on the back of rising investment in healthcare facilities and geriatric population.
Mexico, Brazil and South Africa are projected to witness sluggish expansion throughout the assessment period due to lack of skilled physicians and higher cost of treatment.
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Increased R&D and Acquisition & Collaboration Remain Main Focus Areas: Fact.MR Survey
The tumor lysis syndrome treatment market appears to be highly fragmented in nature with the presence of several manufacturers. Fact.MR’s survey indicated that the prominent market players are engaged in increased research & development exercises, collaboration and acquisition. The updated edition of the report offers comprehensive coverage of the projected remain key strategies of the market players. Some of the major market players profiled in the report are Ironwood Pharmaceuticals, Inc., Harman Finochem Ltd, Mylan N.V., Takeda Pharmaceutical Company Limited, and AstraZeneca. The latest edition also provides a thorough analysis of the COVID-19 impact on this market.
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Source: Fact.MR