The global dasatinib drugs market size is projected to reach US$ 6.53 billion by 2030, from US$ 4.35 billion in 2023, at a CAGR of 6.0% during the forecast period 2023-2030. Dasatinib is a drug that is used to treat leukemia and other cancers. It belongs to a class of drugs called Tyrosine Kinase Inhibitors (TKIs). Dasatinib was the first TKI approved for the treatment of chronic myeloid leukemia (CML). It is also approved for the treatment of acute lymphoblastic leukemia (ALL), non-small cell lung cancer, and pancreatic cancer. Moreover, dasatinib exhibits inhibitory effects on other tyrosine kinases, including SRC family kinases, broadening its potential application to various tumors. While dasatinib offers a promising therapeutic option, it is not without side effects, necessitating careful monitoring and management.
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Dasatinib Drugs Market Drivers
Extension of approved indications: Dasatinib’s approved indications have grown over time. Dasatinib’s initial approval was for CML, however it has now been expanded to encompass Ph+ ALL and some solid tumours, namely gastrointestinal stromal tumours (GIST). The market potential for dasatinib medications is increased by the expansion of indications.
Positive clinical results: In patients with CML and Ph+ ALL, dasatinib has shown notable efficacy and increased survival rates. It lessens the burden of tumours by preventing the action of particular proteins involved in the formation of cancer. Dasatinib’s market demand is influenced by its favourable safety profile and favourable clinical outcomes.
Dasatinib Drugs Market Opportunities
Expansion into emerging markets: Dasatinib medications have a great possibility to enter and grow in emerging markets. The prevalence of cancer is frequently rising in these areas, and the need to upgrade the healthcare system is becoming more and more important. By increasing their market share, forging strategic alliances, and meeting the unmet medical requirements of these markets, pharmaceutical companies can take advantage of these opportunities.
Creation of generic versions: As the dasatinib drug patent exclusivity period expires, this presents a chance for the creation and introduction of generic variants. Patients and healthcare systems may benefit from cost savings from generic medications, which would increase access to and affordability of treatment. To capitalise on this market opportunity, pharmaceutical companies can investigate the creation of generic dasatinib medications.
Dasatinib Drugs Market: Competitive Landscape
Key companies covered as a part of this study include: Bristol-Myers Squibb Company, Novartis International AG, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Pfizer Inc., Cipla Ltd., Hetero Drugs Limited, Natco Pharma Limited, Dr. Reddy’s Laboratories Ltd., Aurobindo Pharma Ltd.
Detailed Segmentation:
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- Global Dasatinib Drugs Market, By Demographic:
- Age
- Gender
- Income
- Global Dasatinib Drugs Market, By Behavior
- Prescription Patterns
- Treatment History
- Compliance
- Global Dasatinib Drugs Market, By Psychographic
- Lifestyle
- Attitudes and Beliefs
- Awareness
- Global Dasatinib Drugs Market, By Demographic:
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Dasatinib Drugs Market Trends
Growing use of targeted therapies: The market for dasatinib pharmaceuticals has been greatly impacted by the growing use of targeted therapies in oncology. Tyrosine kinase inhibitors (TKIs), which specifically inhibit the action of particular proteins implicated in cancer progression, include dasatinib in their class of targeted medicines. Dasatinib and other TKIs are anticipated to be more in demand as targeted medicines continue to be accepted and exhibit positive clinical outcomes.
Combination medicines receiving more attention: Dasatinib-based combinations are receiving more interest in the field of oncology. Dasatinib has the potential to have synergistic effects when combined with other targeted treatments, immunotherapies, or traditional chemotherapeutic drugs. Combination therapies are becoming more popular as a result of pharmaceutical corporations and researchers experimenting with various combinations to improve therapeutic efficacy and combat drug resistance.
Dasatinib Drugs Market: Recent Developments
New product launches
As of June 2023, there haven’t been any new dasatinib medicine introductions on the market. The chemotherapeutic drug dasatinib is sold under the trade name Sprycel. It is used to treat a few cases of acute lymphoblastic leukaemia (ALL) and chronic myelogenous leukaemia (CML). The FDA initially approved the medication in 2006, and it is currently offered in a variety of dose strengths.
Several clinical trials assessing brand-new dasatinib formulations, including a monthly injectable formulation and a nanoparticle formulation, were conducted in 2022. However, these trials haven’t led to the development of any new items.
Acquisition and partnerships
2019 saw the $74 billion acquisition of Celgene Corporation by Bristol-Myers Squibb (BMS). With this acquisition, BMS gained control of Sprycel, a dasatinib medication from Celgene and one of the most effective CML therapies.
Global Blood Therapeutics (GBT) was purchased by LUCIUS Pharma for $3.9 billion in 2020. The dasatinib-based therapeutic candidate GBT440, which is being developed as a sickle cell disease treatment, was made available to LUCIUS Pharma as a result of this acquisition.
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