Global Gemtuzumab Ozogamicin Drugs Market Overview:
Gemtuzumab Ozogamicin (GO) is the first Antibody-Drug Conjugate (ADC) approved for acute myeloid leukaemia (AML) induction therapy. When paired with standard cytarabine/anthracycline-based induction chemotherapy in fractionated doses, GO substantially increases the outcome in previously untreated AML patients.. The US Food and Drug Administration (FDA) approved Gemtuzumab Ozogamicin (GO) in 2000 for the treatment of newly diagnosed CD33+ Acute Myeloid Leukaemia in adults and CD33+ Acute Myeloid Leukaemia in children aged 2 years who have had a relapse or who have not responded to initial treatment.
As per latest study released by AMA Research, the Global Gemtuzumab Ozogamicin Drugs market is expected to see growth rate of 13.98%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Investments in Healthcare Infrastructure
Market Growth Drivers:
Prevalence of Acute Myeloid Leukemia (AML) and Growing Geriatric Population
Challenges:
Side Effects and Adverse Reactions and Regulatory Approval
Restraints:
Lack of Trained Professionals
Opportunities:
Low Penetration in Emerging Economies Particularly in Asian Region and Emergence of Advance and Effective Techniques
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Pfizer (United States), F. Hoffmann-La Roche Ltd (Switzerland), Sanofi S.A. (France), Merck & Co., Inc. (United States), Novartis International AG (Switzerland), Bristol-Myers Squibb Company (United States), Johnson & Johnson Services, Inc. (United States), GlaxoSmithKline plc (United Kingdom), Eli Lilly and Company (United States) and Amgen Inc. (United States). Additionally, following companies can also be profiled that are part of our coverage like AbbVie Inc. (United States), AstraZeneca plc (United Kingdom), Celgene Corporation (United States), Takeda Pharmaceutical Company Limited (Japan) and Teva Pharmaceutical Industries Ltd. (Israel). Analyst at AMA Research see Global Players to retain maximum share of Global Gemtuzumab Ozogamicin Drugs market by 2030.
Latest Market Insights:
In December 2023, the US Food and Drug Administration (FDA) approved a new formulation of GO, marketed as Trodelvy, for the treatment of adult patients with acute myeloid leukemia (AML) with specific genetic mutations. This is significant because it expands the potential patient population for this drug.
In July 2023, The European Medicines Agency (EMA) approves Mylotarg® for the same expanded use case in adults with newly diagnosed FLT3-mutated AML
United States, Code of Federal Regulations 21, “MYLOTARG (gemtuzumab ozogamicin) for injection” - USDA is the key Regulatory Authority Responsible for Approval, Inspection and Dosage Limitations of MYLOTARG across the United States, FDA limits the usage to licensed prescription holders only. Any New Entrant is Required to have a Regulatory Clearance form FDA.
What Can be Explored with the Gemtuzumab Ozogamicin Drugs Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Gemtuzumab Ozogamicin Drugs Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Gemtuzumab Ozogamicin Drugs
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Gemtuzumab Ozogamicin Drugs market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Gemtuzumab Ozogamicin Drugs market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants and Investors, Gemtuzumab Ozogamicin Drug Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.