About Tasigna
Nilotinib, popularly known with its trade name TASIGNA, and it is a cancer medicine that interferes with the growth and spread of cancer cells in the human body. It is used to treat a type of blood cancer called Philadelphia chromosome positive chronic myeloid leukemia (CML) in adults and children who are at least 1 year old. TASIGNA was approved by Food and Drug Administration (FDA) for pediatric patients who are diagnosed with rare cancer called chronic myeloid leukemia. Novartis Pharmaceuticals Corporation has been at the helm of introducing this medicine. Various companies are developing this medicine with most of them still in the trial phase.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global Tasigna market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market Analyst at AMA Research estimates that Indian Players will contribute the maximum growth to Global Tasigna market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Novartis International AG ( Switzerland), Cayman Chemical Company (United States), Biocon Limited (India), Biotechnica Pharma Global (Algeria), Hetero Drugs Limited (India), Jeil Pharmaceutical Co., Ltd (South Korea), Johnson Matthey PLC (United Kingdom), Natco Pharma Limited (India) and Shilpa Medicare Limited (India) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Takeda Ltd. (Japan), Pfizer Inc. (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Tasigna market by Type (50mg, 100mg, 150mg, 200mg and Others) and Region.
On the basis of geography, the market of Tasigna has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Patients Type, the sub-segment i.e. Adult will boost the Tasigna market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Tasigna market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospital will boost the Tasigna market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Use in Blood Cancer
Market Growth Drivers:
Rising Chronic Diseases Globally and Increasing Aging Population Worldwide
Challenges:
Common Side Effects of Tasigna such as Skin Rash, Itching, Headache, Nausea, Others are Hindering the Market
Restraints:
High Cost of Drug Development
Opportunities:
Technological Research and Development by the Manufacturers
Market Leaders and their expansionary development strategies
In March 2018, Novartis announced that the US Food and Drug Administration (FDA) expanded the indication for Tasigna(®) (nilotinib) to include treatment of first- and second-line pediatric patients one year of age or older with Philadelphia chromosome-positive chronic myeloid leukemia in the chronic phase (Ph+ CML-CP).
Novartis has licensed its blood cancer drug, Tasigna (nilotinib), to the United Nations’ Medicines Patent Pool, for use by generic drugmakers.The company has joined the Access to Oncology Medicines coalition, which was formed this month to improve access to cancer medicines in low- and lower middle-income countries.The license is the first for a non-communicable disease drug made available to the pool, joining HIV and COVID-19 licensed technologies.Tasigna is currently FDA-approved as a treatment for patients with chronic myeloid leukemia that is Philadelphia chromosome-positive. The drug is also authorized in the EU for the same indication.
Key Target Audience
Tasigna Manufacturers, Healthcare Research Centers, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors and Other
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.