About Ibrutinib
Ibrutinib is a small molecule that acts as an irreversible potent inhibitor of Burton's tyrosine kinase. It is designated as a targeted covalent drug and it presents a very promising activity in B cell malignancies. Ibrutinib was developed by Pharmacyclics Inc and in November 2013 was FDA-approved for the treatment of mantle cell lymphoma. Ibrutinib is also used to treat a certain problem that may occur after a stem cell transplant.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
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.The Players having a strong hold in the market are Pharmacyclics Inc, Johnson & Johnson, and Pfizer Inc.. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Ibrutinib 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.
Pharmacyclics Inc (United States), Johnson & Johnson (United States), Pfizer Inc. (United States), AbbVie (United States), Merck & Co., Inc. (United States), Incepta Pharmaceuticals (Bangladesh), Bluepharma (Portugal) and Beacon Pharmaceuticals (Bangladesh) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ibrutinib market by , Application (Chronic Lymphocytic Leukaemia (CLL), Mantle Cell Lymphoma (MCL), Diffuse Large B Cell Lymphoma (DLBCL), Multiple Myeloma (MM), Follicular Lymphoma (FL) and Others) and Region.
On the basis of geography, the market of Ibrutinib 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 Form, the sub-segment i.e. Capsule will boost the Ibrutinib market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Packaging, the sub-segment i.e. 90 Capsules/Box will boost the Ibrutinib market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Strength, the sub-segment i.e. 70 mg will boost the Ibrutinib market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Healthcare Spending by the Government of Various Countries
Market Growth Drivers:
Rapidly Increasing Chronic Diseases such as Cancer, Diabetes and Ring use of Ibrutinib drug for Treatment of Chronic lymphocytic leukemia Diseases
Challenges:
Higher Grade Bleeding Complications
Restraints:
Stringent Government Norms couped with Regulation Regarding the Use of Drugs
Opportunities:
Increase In Investment in Research and Development Initiatives and Investment in Healthcare Infastrure is Rapidly Increasing
Market Leaders and their expansionary development strategies
On 13th May 2019, Merck KGaA has announced new mid-stage data that it says support further studies into its BTK inhibitor drug ibrutinib in multiple sclerosis, which could provide patients with a new oral therapy for the disease.
On 20th January 2020, The Janssen Pharmaceutical Companies of Johnson & Johnson today announced the submission of a Type II variation application to the European Medicines Agency (EMA) seeking to expand the label of IMBRUVICA(R) (ibrutinib) to include ibrutinib in combination with rituximab for the first-line treatment of patients with chronic lymphocytic leukaemia (CLL).
Key Target Audience
Ibrutinib Manufacturers, Health Care Research Institutes, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users 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.