May 20, 2024
T-cell Lymphoma Market

The Opportunity In T-Cell Lymphoma Market Is Driven By Increasing Adoption Of Targeted Drugs

T-cell lymphoma, a type of non-Hodgkin lymphoma, arises in T lymphocytes and natural killer cells of the immune system. Treatment for T-cell lymphomas relies on the use of immunotherapy, targeted drugs and stem cell transplants. Immunotherapies such as monoclonal antibodies help in boosting the immune system to fight cancer. Targeted therapies including alemtuzumab, brentuximab vedotin and pralatrexate inhibit specific molecules to stop tumor growth. Individuals diagnosed with high-risk T-cell lymphomas also undergo stem cell transplants to replace cancerous cells with healthy ones.
The global T-cell Lymphoma Market is estimated to be valued at US$ 1961.64 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

One of the key trends in the T-cell lymphoma treatment market is the rising adoption of CAR T-cell therapy. CAR T-cell therapy is an immunotherapeutic approach that involves collecting a patient’s T cells, modifying them genetically to express chimeric antigen receptors (CARs) and infusing the modified CAR T cells back into the patient to target and destroy cancer cells. Drugs such as Yescarta and Kymriah that are based on CAR T-cell therapy have demonstrated high response rates and gained regulatory approvals for relapsed or refractory T-cell lymphomas. Their clinical success is encouraging biopharma companies to develop next-gen CAR T therapies with improved safety profiles and long-lasting responses for T-cell lymphoma patients.

Porter’s Analysis

Threat of new entrants: New entrants face high capital requirements to conduct R&D for new drugs and gain regulatory approvals. The established presence of major companies also acts as a deterrent.

Bargaining power of buyers: Individual consumers have less bargaining power due to lack of awareness. However, large healthcare institutions can negotiate on price and demand value-added services.

Bargaining power of suppliers: Major players control intellectual property for core drugs and biologics, giving them stronger negotiation power over pricing and supply terms.

Threat of new substitutes: Substitution threat is low as new treatment alternatives take significant time and investment to develop and prove efficacy.

Competitive rivalry: The market is dominated by large pharmaceutical companies investing in innovative therapeutics. Intense competition on pricing and portfolios drives continuous innovation.

Key Takeaways

The global T-Cell Lymphoma Market Growth is expected to witness high growth over the forecast period driven by rising incidence of hematological cancers. The global T-cell Lymphoma Market is estimated to be valued at US$ 1961.64 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030.

North America currently dominates the market due to high awareness and accessibility of advanced treatment options in the region. However, Asia Pacific is likely to witness fastest gains supported by expanding healthcare infrastructure and improving access in major countries.

Key players:

Key players operating in the T-cell Lymphoma market are B. Braun Melsungen AG, Fagron NV, PharMEDium Services, LLC (AmerisourceBergen Corporation), Baxter International Inc., Fresenius Kabi AG, Advanced Pharma, Inc., McGuff Compounding Pharmacy Services, Inc., Central Admixture Pharmacy Services, Inc. (CAPS), Institutional Pharmacy Solutions, LLC, Wedgewood Pharmacy, Medisca Inc., Dougherty’s Holdings, Inc.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it