Relapsed or Refractory Diffuse Large B-cell Lymphoma Market is Estimated to Witness High Growth Owing to Rising Disease Prevalence

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Relapsed or refractory diffuse large B-cell lymphoma (RR DLBCL) is an aggressive type of non-Hodgkin's lymphoma (NHL) that develops from B cells. RR DLBCL does not respond to initial treatment or has returned after treatment. Treatment options for RR DLBCL include chemotherapy, immunotherapy, stem cell transplant, targeted therapy and radiation therapy. The global Relapsed or Refractory Diffuse Large B-cell Lymphoma Market is estimated to be valued at US$ 1777.75 Bn in 2023 and is expected to exhibit a CAGR of 16.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:

High growth owing to rising disease prevalence is the key driver contributing to growth of the Global Relapsed Or Refractory Diffuse Large B-Cell Lymphoma Market Size over the forecast period. According to estimates by National Cancer Institute, over 8,500 people in the United States are diagnosed with DLBCL yearly, and over 1,150 deaths occur due to DLBCL each year. The 5-year relative survival rate for DLBCL is approximately 61%. Nearly 40% of patients with DLBCL will relapse or become refractory to initial chemo-immunotherapy. Increasing prevalence is leading to growing demand for effective treatment options thus fueling market growth over the forecast period. Additionally, research and development activities by key players to develop novel therapies for treatment of RR DLBCL are also augmenting market growth through forecast period. For instance, in 2022, FDA granted approval to GSK's tafasitamab for treatment of relapsed or refractory diffuse large B-cell lymphoma.

SWOT Analysis

Strength: Relapsed or refractory Diffuse Large B-cell Lymphoma has a high unmet need as current treatment options provide limited survival benefits. Ongoing research and development of novel treatment options such as chimeric antigen receptor T-cell therapy provide hope to patients with limited treatment options. Development of biomarker driven targeted therapies allows for more personalized treatment approaches.

Weakness: High cost of novel immunotherapies such as CAR-T cell therapy restrict their widespread adoption. Relapsed or refractory disease poses a greater clinical challenge with lower response rates to existing therapies. Heterogeneity within subtypes of Diffuse Large B-cell Lymphoma poses difficulty in developing broadly effective treatments.

Opportunity: Several pharmaceutical companies are conducting clinical trials evaluating CAR-T cell therapies and other novel therapeutic approaches for the treatment of relapsed or refractory Diffuse Large B-cell Lymphoma. Regulatory approval of effective treatments can address high unmet needs. Emerging biomarkers may help identify patient subgroups most likely to respond to targeted therapies.

Threats: Biosimilar competition after loss of patent exclusivity of existing therapies can erode sales of originator drugs. Delay or failure of drug development candidates reaching the market poses risk to the growth prospects. Stringent regulatory requirements for approval of immunotherapies and targeted therapies.

Key Takeaways

The global Relapsed or Refractory Diffuse Large B-cell Lymphoma market is expected to witness high growth over the forecast period of 2024 to 2031.

Regional analysis reveals that North America will dominate the market owing to presence of major players and higher adoption of novel immunotherapies. Europe is also expected grow at a significant rate driven by growing research initiatives and availability of advanced treatment options.

Key players analysis comprises: Key players operating in the Relapsed or Refractory Diffuse Large B-cell Lymphoma market are Sharp Corp., LG, Samsung, Hitachi, and Panasonic. These players are focused on launch of advanced CAR-T cell therapies and targeted drug formulations to strengthen their market position.

Get More Insights On This Topic: https://www.newsanalyticspro.com/relapsed-or-refractory-diffuse-large-b-cell-lymphoma-market-analysis-growth-forecast-outlook-2023-2030/

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