FMS Like Tyrosine kinase 3 inhibitors Market Types 2030

  • The global FMS-Like Tyrosine kinase 3 (FLT3) inhibitors market size was USD 405.6 Million in 2021 and is expected to register a revenue CAGR of 14.6% during the forecast period, according to latest analysis by Emergen Research. Rising high-value investments for Research & Development (R&D) initiatives by various major pharmaceutical companies for improvement in therapy tolerability and drugs is a key factor driving market revenue growth. In addition, rising incidences of Acute Myeloid Leukemia (AML) and relapse cases, growing number of potential pipeline drugs, and increasing approvals of new FLT3 inhibitor drugs by regulatory bodies are driving revenue growth of the FLT3 inhibitors market.

    According to Novartis, AML accounts for approximately 25% of all adult leukemia and has lowest survival rate. FDA has now authorized three FLT3 inhibitors for use in the U.S. Midostaurin is approved for first-line treatment with chemotherapy, but gilteritinib is approved for R/R disease. Quizartinib and crenolanib are two new AML inhibitors in late-stage development for first-line and R/R treatment. Various advantages of improved targeted medicines, such as increased long-term survival rates, quality, and safety, are driving growth of the FLT3 inhibitors market.

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    According to Cancer.net, the 5-year survival rate for individuals aged 20 years and older with AML is 27%, whereas it is 69% for individuals younger than 20. In addition, prognosis and survival of AML patients is strongly dependent on mutation profile and age. Lower survival rates are due to aging patient population's unfavorable mutation profile mixed with their inability to tolerate intense therapy. 

    The new report titled ‘Global FMS Like Tyrosine kinase 3 Inhibitors Market’, is methodically curated by our team of analysts, keeping readers’ understanding in mind, and includes a wide-ranging database of industry distribution. The report takes a closer look at the historical and current market scenarios to accurately predict the global FMS Like Tyrosine kinase 3 Inhibitors Market outlook over the forecast duration (2019-2030). Researchers have taken a holistic approach towards the global market analysis and highlighted the factors that influence the overall growth of the market.

    Key players include:

    Astellas Pharma Inc., Novartis AG, Pfizer Inc., Daiichi Sanyo Company, Limited, Cullinan Oncology, Inc., AROG Pharmaceuticals, Inc., Aptose Biosciences Inc., FUJIFILM Pharmaceuticals U.S.A., Inc., CSPC Pharmaceutical Group Limited, and Allarity Therapeutics, Inc.

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    Emergen Research has segmented the global FLT3 inhibitors market based on drug type, therapies, and region:

    Drug Type Outlook (Revenue, USD Million; 2019-2030)

    Midostaurin

    Gilteritinib

    Sorafenib

    Therapies Outlook (Revenue, USD Million; 2019-2030)

    Type 1 FLT3 inhibitors

    Type 2 FLT3 inhibitors

    Regional Analysis:

    This section of the report offers valuable insights into the geographical segmentation of the FMS Like Tyrosine kinase 3 Inhibitors market, alongside estimating the current and future market valuations based on the demand-supply dynamics and pricing structure of the leading regional segments. Furthermore, the growth prospects of each segment and sub-segment have been meticulously described in the report.

    The report classifies the global FMS Like Tyrosine kinase 3 Inhibitors market into various regions, including:

    North America (U.S., Canada)

    Latin America (Chile, Brazil, Argentina, Rest of Latin America)

    Europe (U.K., Italy, Germany, France, Rest of EU)

    Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

    Middle East & Africa (Saudi Arabia, the U.A.E., South Africa, Rest of MEA)

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    The report covers the analysis of the factors anticipated to drive the Global FMS Like Tyrosine kinase 3 Inhibitors Market growth over the forecast period of 2022-2030. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report considers 2021 as the base year and 2019-2020 as the historical years. It puts examines the drivers and restraints of the FMS Like Tyrosine kinase 3 Inhibitors market and analyzes their impact on the industry throughout the forecast period.

    ToC of the report:

    Chapter 1: Market overview and scope

    Chapter 2: Market outlook

    Chapter 3: Impact analysis of COVID-19 pandemic

    Chapter 4: Competitive Landscape

    Chapter 5: Drivers, Constraints, Opportunities, Limitations

    Chapter 6: Key manufacturers of the industry

    Chapter 7: Regional analysis

    Chapter 8: Market segmentation based on type & applications

    Chapter 9: Current and Future Trends

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