Incremental Growth Anticipated in Global Imbruvica Market with Novel R&D Expeditions for Cancer Therapeutics
The imbrivica market is one of the most promising therapeutic alternatives for cancer treatment. It is an oral medicine which has a different functional approach than chemotherapy, by blocking BTK protein which essentially transmits signals to the B cells and encourage production of adequate antibodies.
Imbruvica aids in removal of abnormal B cells from favorable locales such as bone marrow, lymph nodes and other anatomical parts that support abnormal cell multiplication. With widespread application of imbruvica in the treatment of specific cancers such as hematological cancer variants, lymphocytic leukemia, global market for imbruvica is anticipated to remain a flourishing industry in the coming years. The growth is also optimally supported by constant R&D expeditions, FDA approvals, growing instances of cancer, ample healthcare related spending and geographical expansion projects that result in steady growth outlook.
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India’s Natco Pharma Launches Flagship Imbruvica Variant, Ibrunat, Propels Advances in Imbruvica Market
The global Imbruvica market is projected to witness significant growth, rising with a CAGR of 26.5% over the forecast period. The market is projected to reach USD 31,773.40 million by 2025. The emergence of novel cancer therapies and increasing approval of targeted therapies are the major factors demanding the growth of the Imbruvica market over the forecast period.
Competitive landscape expansion is most likely to impact growth favorably in imbruvica market. Emerging countries such as India backed by optimal healthcare spending and indigenous active R&D projects are poised to significantly impact growth prospects in global imbruvica market. India-based Natco Pharma has recently launched its flagship product, ibrutinib as a potent cancer treatment drug, branded, Ibrunat, designed for Leukemia therapeutics. Additionally, in yet another significant development, European Commission has decided in favor of expanding commercial scope of Janssen’s imbruvica for specific cancer conditions such as leukemia. The development has been preceded by various clinical trials and ample research.
Imbruvica players in the United States include Janssen Pharmaceuticals, Inc. and Pharmacyclics LLC (an AbbVie Company).
Imbruvica is used for the treatment of Mantle Cell Lymphoma, Chronic Lymphocytic Leukemia, Waldenström’s Macroglobulinemia, Relapsed/Refractory Marginal Zone Lymphoma and Chronic Graft-Versus-Host-Disease. In the U.S. Imbruvica is popularly used for all the above mentioned indications, however in rest of the countries worldwide Imbruvica is majorly used for the treatment of Mantle Cell Lymphoma, Chronic Lymphocytic Leukemia and Waldenström’s Macroglobulinemia. Thus, Chronic Lymphocytic Leukemia is expected to grow at a highest CAGR of 27.3% by 2025.
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Key Segments of the Global Imbruvica Market
Application Overview, 2015-2025 (USD Million)
- Mantle Cell Lymphoma
- Chronic Lymphocytic Leukaemia
- Waldenström’s Macroglobulinemia
- Relapsed/Refractory Marginal Zone Lymphoma
- Chronic Graft-Versus-Host-Disease
Regional Overview, 2015-2025 (USD Million)
- Southeast Asia
- Central & South America
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