Industry Background:
Asparaginase is an enzyme used as a medication and in food manufacturing. It is of three types asparaginase made from a type of bacteria called Escherichia coli (also known by its brand Spectrila), asparaginase made from the Erwinia chrysanthemum bacteria (Erwinase), and long-acting (pegylated) asparaginase (also known as pegaspargase). Asparaginase derived from Escherichia coli is clinically shown to exhibit antitumor actions used in the treatment of acute lymphoblastic leukemia. It works by starving tumor cells of needed nutrients and slowing tumor cell growth. It breaks down the amino acid known as asparagine without which the cancer cells cannot make protein. It is generally recognized as safe in food applications. It is used in food manufacturing as a processing aid to reduce the formation of acrylamide, a suspected carcinogen, in starchy food products such as biscuits, snacks, and fried potatoes. The factors such as the Increased Prevalence of Acute Lymphocytic Leukemia and the Growing Number of Cancer Patients in the United States are driving the Asparaginase market. However, the Increasing Cost of Asparaginase Drugs may Hamper the Growth of the Market.This growth is primarily driven by Increased Prevalence of Acute Lymphocytic Leukemia
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | K Units |
Value Unit | 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 |
The Biotechnology sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Porton Biopharma (England), Jazz Pharmaceuticals (Ireland), Takeda (Japan), ERYTECH Pharma (France), Qianhong Bio-pharma (China), Mingxing Pharma (China), Medac GmbH (Germany), Kyowa Hakko Kirin (Japan), Alize Pharma (France) and Guangzhou Baiyuan Shanmingxing Pharmaceutical (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In January 2019, Takeda Pharmaceutical Company Limited announced the completion of its acquisition of Shire plc becoming a global, values-based, R&D-driven biopharmaceutical leader headquartered in Japan.
In June 2021- the Food and Drug Administration approved asparaginase erwinia chrysanthemi as a component of a multi-agent chemotherapeutic regimen for the treatment of acute lymphoblastic leukemia and lymphoblastic lymphoma in adult and pediatric patients 1 month or older who have developed hypersensitivity to E. coli-derived asparaginase. and In May 2019, ERYTECH Pharma announced to development of new therapies by encapsulating drug substances inside red blood cells for eryaspase. It consists of the enzyme L-asparaginase inside red blood cells. This expects to enroll around 500 patients having second-line metastatic pancreatic cancer at more than 120 clinical sites in Europe and the United States.The global Asparaginase market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensify their market share and escalation their profitability.
Regulatory Insights:
In the United States, the Food and Drug Administration (FDA) is responsible for regulating the approval and use of asparaginase. In the European Union, the European Medicines Agency (EMA) is responsible for this task.
Influencing Trend:
High Adoption to Treat Childhood Cancer Treatments and Increase Demand for Human Brain Function and In Ammonia Physiology
Market Growth Drivers:
Increased Prevalence of Acute Lymphocytic Leukemia and Growing Number of Cancer Patients in the United States
Challenges:
Increasing Number of Side Effects Such As Fever, Vomits, Allergic Reactions, and Others
Restraints:
Increasing Cost of the Asparaginase Drugs Is Hamper the Growth of the Market
Opportunities:
Increasing Number of Blood Tumours Patients across the Globe
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Asparaginase Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Asparaginase Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Asparaginase players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Asparaginase Study Sheds Light on
The Asparaginase Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Asparaginase industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Asparaginase industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.