The global asparaginase market size is expected to reach USD 2,619.3 Million in 2030 and register a revenue CAGR of 16.7%, according to latest report by Reports and Data. Some major factors driving market revenue growth include growing pharmaceutical and food industries, increasing population, rapid urbanization, and increasing income in several countries across the world. Moreover, market players are investing in research & development and production of asparaginase to meet regulatory specifications and increasing demand. However, side effects associated with asparaginase, such as pancreatitis, mild bone marrow suppression, increased risk of stroke and bleeding, decreased protein synthesis, and hypersensitivity or allergic reaction, can limit its adoption and thereby hamper market revenue growth.
Mergers and acquisitions between asparaginase manufacturers and finished product manufacturers, such as manufacturers of pharmaceuticals and food products, is a major trend observed in the global market. There are significant growth opportunities for companies manufacturing asparaginase in regions, such as North America, Europe, and Asia-Pacific, which can be attributed to high demand for pharmaceuticals across these regions. In addition, companies can generate opportunities through collaboration with end-users, i.e., food and pharmaceutical manufacturers.
Some Key Highlights from the Report:
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For this report, Reports and Data has segmented the global asparaginase market based on source, application, route of administration, age group, distribution channel, and region:
Source Outlook (Revenue, USD Million, 2019 – 2030)
Application Outlook (Revenue, USD Million, 2019 – 2030)
Route of Administration Outlook (Revenue, USD Million, 2019 – 2030)
Age Group Outlook (Revenue, USD Million, 2019 – 2030)
Distribution Channel Outlook (Revenue, USD Million, 2019 – 2030)
Regional Outlook (Revenue, USD Million, 2019 – 2030)
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