Large Granular Lymphocytic Leukemia (LGLL) Therapeutics Market is projected to grow US$ 12,700 Million by 2033 at a CAGR of 16.03 %
The global Large Granular Lymphocytic Leukemia (LGLL) Therapeutics Market is expected to surpass an impressive valuation of US$ 2,871.05 million in 2023 and is projected to reach US$ 12,700 million by 2033, trailing a CAGR of 16.03% In addition, the increasing research and development activities and technological development are likely to create various new opportunities that will impact this Large Granular Lymphocytic Leukemia (LGLL) Therapeutics market growth in the forecast period of 2023 to 2033. The multiple patent expiration and rigid drug approval norms across several nations are anticipated to challenge the market’s growth.
The market growth is attributed to the growing interest of the pharmaceutical industry players in cellular immunotherapy. Large Granular Lymphocytic Leukemia (LGLL) Therapeutics Market is expected to witness robust growth during the forecast period owing to its ability to fulfil unmet medical needs, overcome limitations associated with existing immunotherapies, and address complex and challenging targets. A growing number of the patient population with the chronic disease led the scientist and researchers to work upon the new innovative therapeutic approach to provide patients with the best curative treatment option, which can be achieved by using natural killer (NK) cell therapy that has the potential to generate a strong immune response and has the anti-tumor capability as well.
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As cancer is a devastating disease and available treatment options may cause the reoccurrence of tumors, the need for the best therapeutic approach is increasing day by day. Immunotherapies have attracted much attention in recent years to treat various malignancies. Among the immunotherapies, CAR –T cell therapies have been studied and were used but have several limitations that led to the development of natural killer (NK) cell therapies. As a drug based on the natural killer (NK) cell therapeutic approach has not been approved yet, it thus needs to raise awareness among the population.
However, dearth of specificity and poor in-vivo survival of the natural killer (NK) cells pose a challenge for manufacturers dealing in the market. The lack of specificity of natural killer (NK) cells targets the wrong cells, leading to ineffective treatment. The lack of specificity and poor in-vivo survival of natural killer (NK) cells also reduces the therapeutic effect of administered natural killer (NK) cell therapy. Such a problem reduces the credibility of therapy used under clinical trial and poses challenges in front of manufacturers while getting approval.
Key Takeaways from the Market Study
- North America is expected to dominate Large Granular Lymphocytic Leukemia (LGLL) Therapeutics Market with a market share of 52.5% by end of the forecast period.
- The market in South-Asia is projected to reflect fastest CAGR of 16.8% during the forecasted timeline.
- By Indication type, chronic myelogenous leukemia is anticipated to dominate the segment with 39% market share by 2033.
- By therapy type, targeted therapy is estimated to account for 36.2% market share by end of the forecast period.
“Many established biopharmaceutical companies are forming alliances and collaborating with emerging companies that are focusing on and developing Natural killer cell therapeutics, which would help the market to grow at a faster pace in years to come,” comments an FMI Analyst
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Competitive Landscape
The global Large Granular Lymphocytic Leukemia (LGLL) Therapeutics market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition. The major players in the market are: Bristol Myers Squibb, Innate Pharma, Kymera Therapeutics, Takeda Pharmaceutical Company Limited, GlaxoSmithKline plc., F. Hoffmann-La Roche AG, AstraZeneca Plc., Pfizer Inc., Merck KGaA, Novartis AG. Some recent developments in this industry are:
- In March 2022, Sumitomo Dainippon Pharma Oncology, Inc., been dosed in the Phase 1/2 study of DSP-5336, an inhibitor of melanin binding to mixed-lineage leukemia (MLL) protein, in patients with relapsed or refractory acute myeloid leukemia (AML) or acute lymphocytic leukemia (ALL)
- In January 2022, Kura Oncology, Inc. reported the United States Food and Drug Administration (FDA) lifted the partial clinical hold on the KOMET-001 Phase 1b study of KO-539 in patients with relapsed or refractory acute myeloid leukemia (AML).
- In January 2022, Takeda to Acquire Adaptate Biotherapeutics to Develop Novel Gamma Delta (γδ) T Cell Engager Therapies Targeting Solid Tumors. Through the acquisition, Takeda will obtain Adaptate’s antibody-based γδ T cell engager platform, including pre-clinical candidate and discovery pipeline programs. Adaptate’s γδ T cell engagers are designed to specifically modulate γδ T cell-mediated immune responses at tumor sites while sparing damage to healthy cells. This acquisition help the company to focus on R&D.
- In December 2021, Nektar Therapeutics announced phase 1b data for novel T regulatory cell stimulator NKTR-358 (LY3471851) in patients with atopic dermatitis. NKTR-358 is designed to treat autoimmune and inflammatory conditions by correcting the immune system imbalance that results from increased levels of inflammatory T cells and reduced numbers and impaired function of immune regulating Treg cells. This has helped company to focus on R&D for further phases.
More Valuable Insights Available
Future Market Insights offers an unbiased analysis of the global large granular lymphocytic leukemia (LGLL) therapeutics market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the Large Granular Lymphocytic Leukemia (LGLL) Therapeutics market, the market is segmented on the basis of Drug type (Methotrexate, Cyclophosphamide, Cyclosporine, Fludarabine, Alemtuzumab) By therapy (Chemotherapy, Radiation Therapy, Stem Cell transplants, Targeted therapy) By Indication (Acute Myeloid Leukemia, Acute Lymphocytic Leukemia, Chronic Myelogenous Leukemia, Chronic Lymphocytic Leukemia) By distribution channel (Hospital pharmacies, Retail pharmacies, Online pharmacies) By region (North America, Latin America, Europe, South-Asia, East-Asia, Oceania, Middle East, and Africa)
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Key Segments Profiled in the Large Granular Lymphocytic Leukemia (LGLL) Therapeutics Industry Survey
By Drug Type:
- Methotrexate
- Cyclophosphamide
- Cyclosporine
- Fludarabine
- Alemtuzumab
By Therapy:
- Chemotherapy
- Radiation therapy
- Stem cell transplants
- Targeted therapy
By Indication:
- Acute Myeloid leukemia
- Acute lymphocytic leukemia
- Chronic Myelogenous leukemia
- Chronic Lymphocytic leukemia
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By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
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