October 2024
The global oral thrombopoietin receptor agonists market was estimated at US$ 4.73 billion in 2023 and is projected to grow to US$ 9.95 billion by 2034, rising at a compound annual growth rate (CAGR) of 7% from 2024 to 2034. The demand for agonists is increasing due to their support in platelet production, which is needed during various treatments.
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Treating immunological thrombocytopenia using thrombopoietin-receptor agonists (TPO-RAs) is currently the state of the art. Reducing bleeding and the requirement for concurrent or rescue treatment is accomplished with TPO-RA. There are presently over 100 nations that use TPO-Ras. A paradigm change in the way ITP is treated was signaled by their arrival. These days, a lot of hematologists are familiar with them, and they are utilized extensively. TPO-RAs' pharmacokinetic, pharmacodynamic, and mechanistic properties provide a variety of therapeutic prospects.
Currently, many TPO-RAs are not approved in many countries and for various conditions due to their safety and efficacy in treating those health issues. However, the oral thrombopoietin receptor agonists market has growth opportunities because the therapeutics are gaining attention due to ongoing research. With the growing research, researchers will be able to enhance drug formulations, better & targeted delivery systems, and improve safety and efficacy, which will increase the adoption of the therapeutics in various countries.
The use of TPO-RAs to treat ITP has grown throughout the last ten years. In clinical practice, thrombosis is among the growing number of adverse events that have been noted. TPO-RAs may raise the risk of thrombosis by boosting the formation of younger, more hemostatic platelets and raising the platelet count.
North America dominated the oral thrombopoietin receptor agonists market in 2023.
The region is dominating because of the growing research, collaboration by key market players, government support, and investments in improving healthcare services. All the stakeholders in the region are making continuous efforts to improve the quality of care and current treatment options. The two major countries that contribute to the growth of the market are the U.S. and Canada. Apart from all the advancements, there is a growing prevalence of diseases that require TPO-RAs during treatment.
In the U.S., chronic liver disease (CLD) is quickly evolving. This illness is presently the fourth most common cause of mortality for those between the ages of 45 and 64. Over two million people die from liver disease each year, including cirrhosis, viral hepatitis, and liver cancer. It also accounts for 4% of all fatalities globally or one out of every 25 deaths; females account for one out of every three liver-related deaths. Liver cancer is responsible for 600,000 to 900,000 fatalities, according to this estimate. In adults in the US, Europe, and Asia, there has been a rise in the incidence of hepatitis A infection 69,70 mostly because of the increased frequency of person-to-person transmission among people who struggle with drug abuse and are homeless.
Asia Pacific is expected to grow at the fastest rate during the forecast period.
The oral thrombopoietin receptor agonists market is growing strongly in Asia Pacific due to growing investment from other regions and growing collaboration among various stakeholders. The region holds the largest population which gives a boost to the region in terms of manpower. Various market players in the region are also conducting research and development for the betterment of therapeutics in Asia Pacific and to create a dominant position across the world.
By type, the eltrombopag segment held a significant share of the oral thrombopoietin receptor agonists market in 2023. Thrombocytopenia, or reduced platelets in the blood, is a blood condition known as chronic immune thrombocytopenia (ITP), which is treated with eltrombopag. This medication is used after a splenectomy or surgery to remove the spleen when other medications, such as immunoglobulin or steroids, have not been effective enough.
The lusutrombopag segment is to witness notable growth in the market during the forecast period. The body produces more platelets when one takes LUSUTROMBOPAG. When a procedure is planned for an adult with chronic liver illness, it is utilized to treat low platelets. In the treatment of patients with thrombocytopenia and CLD undergoing invasive operations, lusutrombopag is a safe and efficient way to increase PCs and decrease the need for platelet transfusions.
By application, the hospital and clinic segment held the largest share of the oral thrombopoietin receptor agonists market in 2023. Hospitals and clinics dominate because TPO-RAs are used to treat various health conditions such as ITP and CLD. Patients who require these medications visit hospitals for proper treatment and care. Apart from this, proper supervision by professionals ensures that the patients are getting appropriate resources and attention to avoid any emergency situations.
The pharmacy segment is estimated to grow significantly during 2024-2034. Now, when TPO-RA medications are coming in the form of tablets, they will be more often sold in pharmacies, which will increase the growth of the segment in the future. Patients, based on the doctor’s prescription, will be able to buy the medications from offline or online pharmacies.
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October 2024
October 2024
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October 2024
Deepa has certified the degree of Master’s in Pharmacy in the Pharmaceutical Quality Assurance department from Dr D.Y. Patil College of Pharmacy. Her research is focused on the healthcare industry. She is the author or co-author of four Review Articles, which include Solid dispersion a strategic method for poorly soluble drugs and solubility improvement techniques for poorly soluble drugs, Herbal Drugs Used In Treatment Of Cataracts, Nano sponges And Their Application in Cancer Prevention and Ayurvedic Remedies of Peptic ulcer. She has also published a Research Article on the Formulation and Evaluation of Mucoadhesive Tablets of Miconazole cocrystal which was published in GIS Science Journal Volume 9 Issue 8. Her passion for secondary research and desire to take on the challenge of solving unresolved issues is making her flourish is the in the research sector.
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