Hodgkin Lymphoma Treatment Market size, share, trends and analysisaanikhil | August 13, 2019 | 0 | Pharmaceutical and Healthcare
Hodgkin Lymphoma Treatment Market
The global Hodgkin lymphoma treatment market is expected to have a CAGR of around 15%. Developed countries like the U.S., Germany, UK, and Japan are expected to register robust growth.
Increasing Incidence of Hodgkins Lymphoma:
According to the American Cancer Society, estimates for 2017 Hodgkins disease in the United States were approximately 8,260 new cases 3,610 women and 4,650 men and approximately 1,070 deaths 440 women and 630 men from this cancer. Such an increase in the number of new cases diagnosed each year has driven the market for treatment of lymphoma in Hodgkin. The Lymphoma Research Foundation is spreading awareness about lymphoma as well as supporting the research and development needed to eradicate lymphoma.
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Long-term adverse side effects of therapy:
The treatment with physical side effects is associated with Hodgkins lymphoma. People who received Hodgkins lymphoma treatment have an increased risk of later developing other diseases and conditions. The side effects can also be caused by cancer therapy, as radiation therapy and chemotherapy can cause patients permanent damage. For example, radiation therapy may cause infertility in the pelvic area, unless the ovaries or testicles are shielded during treatment. Some people are at increased risk for secondary cancer, particularly myeloid leukemia, lung cancer, or breast cancer. Neck area radiation therapy can cause hypothyroidism in the thyroid gland, most commonly. Chemotherapy may lead to blood cell formation being suppressed, leading to anemia. Chemotherapy drugs kill cancer cells, but they may also cause damage to normal cells. Several chemotherapy drugs, especially anthracyclines, can cause heart damage over time, which can increase the risk of heart failure. Reimbursement in developing countries is low, which can hamper market growth.
North America to lead the market:
The lymphoma treatment market for Hodgkin has been segmented by type and geography of treatment. North America, Europe, Asia-Pacific, Middle East & Africa, and South America were segmented by geography.
North America dominates the Hodgkins lymphoma treatment market due to the presence of well-established health care facilities. However, the Asia-Pacific segment is expected to record the highest CAGR over the forecast period, as significant investments in the healthcare industry are being made by government and private companies. There have been several mergers, acquisitions and collaborations between companies over the past couple of years to invest in the Japanese market.
Key Market Developments:
October 2017 — The FDA approved Yescartas second cancer gene altering therapy. The treatment has been approved for blood cancer and lymphoma of non-Hodgkin.
September 2017– The FDA approved Aliqopa for lymphoma treatment.
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Major Players: –
Bristol Myers Squibb, Merck & Co, F Hoffmann-La Roche. Inc., Pfizer Inc., 4sc Ag, Actinium Pharmaceuticals, Aeterna Zentaris Inc., Affimed Therapeutics Ag, Hospira Inc., Incyte Corp, Novartis AG.ent, among others.
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