Daratumumab Market size was valued at USD 4.85 Billion in 2022 and is projected to reach USD 10.21 Billion by 2030, growing at a CAGR of 9.4% from 2024 to 2030.
Global Trends in the Daratumumab Market: A Region-Wise Analysis
The Daratumumab market is experiencing significant growth globally, influenced by diverse regional trends. This monoclonal antibody, primarily used for treating multiple myeloma, is reshaping healthcare landscapes across various continents. Understanding the regional dynamics of the Daratumumab market can provide valuable insights for stakeholders.
In North America, particularly the United States, the Daratumumab market is robust due to extensive research and development. The region’s focus on innovative cancer treatments and high healthcare spending contribute to its dominance.
Market share: Over 40% of global sales.
Key players: Johnson & Johnson and Genmab.
Europe represents a rapidly growing market, albeit hindered by strict regulatory pathways. Nonetheless, the demand for advanced cancer therapies is pushing several countries to adopt Daratumumab more readily.
Growth rate: Projected at 8% CAGR.
Countries leading: Germany, France, and the UK.
The Asia-Pacific region is poised for rapid growth, driven by increasing healthcare investments and rising cancer prevalence. Countries like China and India are gradually integrating Daratumumab into their treatment protocols.
Market expansion: Expected to grow at over 10% CAGR.
Challenges: Limited access to healthcare facilities and high costs.
Both regions are considered emerging markets for Daratumumab, facing challenges such as limited awareness and access. However, increasing incidences of multiple myeloma present significant opportunities.
Strategy: Educational initiatives needed to promote awareness.
Focus: Collaborations with local healthcare providers.
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Johnson＆Johnson
Johnson＆Johnson
Segmentation analysis involves dividing the market into distinct groups based on certain criteria, such as type and application. This helps in understanding the market dynamics, targeting specific customer groups, and devising tailored marketing strategies.
100mg Injection
400mg Injection
Multiple Myeloma
Diffuse Large B Cell Lymphoma
Follicular Lymphoma
Mantle Cell Lymphoma
Other
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Daratumumab Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Daratumumab Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Daratumumab Market , By Product
6. Daratumumab Market , By Application
7. Daratumumab Market , By Geography
North America
Europe
Asia Pacific
Rest of the World
8. Daratumumab Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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Daratumumab is a monoclonal antibody that targets CD38 proteins on the surface of myeloma cells.
The global daratumumab market size was valued at $2.6 billion in 2020.
The increasing prevalence of multiple myeloma and the approval of daratumumab for new indications are driving market growth.
North America and Europe are leading the daratumumab market, with a combined market share of over 60%.
The key companies in the daratumumab market include Janssen Biotech, Inc., Genmab A/S, and others.
The daratumumab market is expected to grow at a CAGR of 17.5% from 2021 to 2026.
Daratumumab is primarily used for the treatment of multiple myeloma and certain types of lymphomas.
The high cost of daratumumab and the availability of alternative treatment options are major challenges for market growth.
Daratumumab is administered intravenously.
The increasing adoption of combination therapies and the development of new formulations are key market trends.
The approval and reimbursement status of daratumumab in different countries impact market growth and accessibility.
Daratumumab is priced at an average cost of $180,000 per year of treatment in the U.S.
Daratumumab holds a significant market share in the monoclonal antibody therapy segment for multiple myeloma.
Ongoing clinical trials and research focused on expanding the indications for daratumumab and improving its efficacy and safety profile.
The expansion of daratumumab into new geographical markets and the development of biosimilar versions offer market expansion opportunities.
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