The global intraocular lymphoma therapies market is projected to be worth US$ 1.2 billion by 2023. The market is expected to increase at a compound annual growth rate (CAGR) of 6.7%, according to market research firm Future Market Insights, and reach a projected value of US$ 2.3 billion by 2033. Intraocular lymphomas are rare tumours that can present with a variety of clinical symptoms. Because of this, it seems that identifying it will be difficult, which is motivating many businesses to develop innovative treatments for diseases..
The term “ocular lymphoma” relates to a rare kind of lymphocytic cancer that falls into the category of non-Hodgkin lymphomas that have spread to the eye from sites from outside central nervous system (CNS). Reduced vision, fuzzy vision, and floaters are a few of the typical early subjective symptoms. According to reports, 50% of patients had considerable vitreous haze as well as visible cells in clumps or even sheets along with visual impairment. Such symptoms have seen to be in patients of varying age-groups, which have been a primary driving factors of the lymphoma market, particularly the intraocular lymphoma market.
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One of the key factors influencing the growth of the intraocular lymphoma treatment market is the rise in the number of individuals suffering from ocular and intraocular lymphoma throughout the world. The rise in focus on oncology medicines due to the growing number of instances of lymphoma in individuals and the advancement of technology giving therapies for treating different difficulties induced by the condition both contribute to the market’s growth.
The market is also influenced by the rise in firm alliances and acquisition tactics, as well as the increased demand for pharmaceuticals like methotrexate, cisplatin, and others to treat the condition’s symptoms. The market for intraocular lymphoma treatments is further benefited by the ageing population’s increasing vulnerability, government funding, and rising demand for disease-specific innovative treatments. Additionally, in the projected period of 2023 to 2033, the market participants would benefit from developments in medical treatment, such as cellular therapy. Such factors will help various pharmaceutical firms to open up new avenues for the treatment of intraocular lymphoma during the forecast period.
Key Takeaways:
- The market for intraocular lymphoma treatment expanded at a CAGR of 5.1% during the historical period of 2018 to 2022.
- The market for intraocular lymphoma treatment is expected to grow steadily from 2023 to 2033, at a 6.7% CAGR.
- With a 43% share of revenue in 2023, Rituximab is predicted to lead the medication type sector.
- The specialty clinic sector by segment of end-user will retain the second-largest segment during the anticipated period, with a 25% worldwide market share in 2023.
- From 2023 to 2033, the North American region is expected to expand at a constant CAGR of 6.9%.
- From 2023 to 2033, the Asia Pacific Intraocular Lymphoma Therapy Market is anticipated to expand at a stable CAGR of 6.1%.
“The increasing incidences of eye-related lymphoma due to aging population and weak immune system is expected to propel the market for intraocular lymphoma during the forecast period.” comments a Future Market Insights analyst.
Competitive Landscape
Some of the top players in the global intraocular lymphoma disease market are: Celgene Corporation, Genentech Inc., Gossamer Bio Inc., Seagen Inc., National Cancer Institute, Northwestern University, Astex Pharmaceuticals, Novartis AG, F. Hoffmann-La Roche Ltd. and Pfizer Inc. Some of the recent developments in this domain are:
- Celgene Corporation announced in 2019 that the European Medicines Agency’s (EMA) Committee for Human Medicinal Products Use approved REVLIMID® in conjunction with rituximab (anti-CD20 antibody) (R2) for the treatment of adults with previously treated lymphoma (Grade 1-3a).
- A favorable CHMP judgment for this conjunction with rituximab is excellent news for individuals with intraocular lymphoma as REVLIMID has kept demonstrating its advantages across a spectrum of severe blood diseases in Europe.
Key Segments:
By Drug Class:
- Methotrexate
- Rituximab
- Cisplatin
By Mode of Administration:
- Injectable
- Oral
By Distribution Channel:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
By End User:
- Hospitals
- Specialty Clinics
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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