Global Tumor Lysis Syndrome Market Research report 2020: Opportunity and Growth Analysis By Lonza, Johnson & Johnson Services, Inc., Amgen Inc, Genentech, Inc., Ionis Pharmaceuticals, Teva Pharmaceutical Industries Ltd
Global Tumor lysis syndrome market is rising gradually with a substantial CAGR in the forecast period of 2020-2027. The report contains data of the base year 2019 and historic year 2018. The growth in this market can be attributed to factors such as development of innovative therapies.
The Tumor Lysis Syndrome market report keenly considers the market type, size of the organization, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa to analyse the data. Thus, this market research report encompasses various parameters of the market. The analysis and estimations carried out via this Tumor Lysis Syndrome report helps to get the details about the product launches, future products, joint ventures, marketing strategy, developments, mergers and acquisitions and effect of the same on sales, marketing, promotions, revenue, import, export, and CAGR values.
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Few of the major competitors currently working in the global tumor lysis syndrome market are
Sanofi, The Menarini Group, Merck KGaA, Takeda Pharmaceutical Company Limited, Ironwood Pharmaceuticals, Inc., AstraZeneca, Hikma Pharmaceuticals PLC, Pfizer Inc., Lonza, Johnson & Johnson Services, Inc., Amgen Inc, Genentech, Inc., Ionis Pharmaceuticals, Teva Pharmaceutical Industries Ltd., AbbVie Inc., Merck & Co., Inc., Alexion Pharmaceuticals, Inc., Mallinckrodt, F. Hoffmann-La Roche Ltd, among others.
Key Developments in the Market:
- In October 2016, Sanofi received marketing approval from the U. S. FDA for Elitek (rasburicase), a recombinant urate oxidase enzyme used for initial management of plasma uric acid in patients that are expected to have tumor lysis syndrome (TLS) as a result of receiving different anti-cancer therapies. This approval will provide open gates for marketing of elitek, to Sanofi in the market
- In June 2015, The Menarini Group received expanded indication approval in Europe for Adenuric (febuxostat), a novel drug used for treatment of patients with hyperuricemia and gout associated with intermediate to high risk of tumor lysis syndrome resulting from various chemotherapies. This indication provides adenuric (febuxostat) a clinical significance as compared to other existing drugs
Competitive Analysis:
Global tumor lysis syndrome market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tumor lysis syndrome market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Segmentation: Global Tumor Lysis Syndrome Market
By Pathophysiology
(Hyperuricemia, Acute Kidney Injury and Others),
Causative Therapy
(Chemotherapy, Radiation Therapy, Biological Therapy and Others),
Diagnosis
(Blood Urea Nitrogen Test, Creatinine Test, Serum Electrolytes Test and Others),
Medication
(Allopurinol, Rasburicase, Febuxostat and Others),
Route of Administration
(Oral, Injectable and Others),
End Users
(Hospitals, Homecare, Specialty Clinics, Others),
Distribution Channel
(Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others),
Geography
(North America, South America, Europe, Asia-Pacific, Middle East and Africa)
Market Drivers
- High prevalence of TLS in individuals that are introduced to initial procedures of chemotherapies is a major driver for the market growth
- Development of new therapies and treatment options for tumor lysis syndrome is expected to drive the market growth
- Improvement in healthcare expenditure of many developed and developing countries will also boost the market growth in the forecast period
- Favorable reimbursement policies governmental support in research and development for therapies of the disease will propel the growth of global market
Market Restraints
- High cost therapies are expected to hamper the market growth
- Lack of awareness about the disease, its complications and treatment options in general population will hinder the market growth
- Side effects related to tumor lysis syndrome therapy is another factor restricting this market growth
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