Systemic light chain (AL) amyloidosis market is expected to grow in the forecast period of 2021-2028. Data Bridge Market Research analyses the market to grow at a CAGR of 4.50% in the above-mentioned forecast period.
Systemic light chain amyloidosis is a multisystem, plasma disease in which toxicity and organ damage occurs. It is caused by monoclonal free light chains which are produced in the bone marrow and developed by neoplastic cone of plasma cells. Systemic amyloidosis includes a growing number of diseases characterized by deposition of misfolded and aggregated autologous proteins in multiple organs as beta-sheet fibers.
Rise in the prevalence of systemic light chain amyloidosis and rising healthcare expenditure are the major factors influencing the market growth rate. Furthermore, advancement in the medical technology, growing government funding and rising initiatives by government and private organizations to spread awareness about the rare disease and its available treatment are the factors that will expand the systemic light chain (AL) amyloidosis market.
Rise in the research and development activities and emerging new markets will provide beneficial opportunities for the systemic light chain (AL) amyloidosis market in the forecast period of 2021-2028.
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However, high cost of treatment and side effects associated with the medication are the factors that will hinder the market growth. In the forecast period mentioned above, a lack of awareness will challenge the systemic light chain (AL) amyloidosis market.
North America dominates the systemic light chain (AL) amyloidosis market due to major key players, high healthcare expenditure and well-developed healthcare in this region. Asia-Pacific is expected to grow during the forecast period of 2021-2028 due to the increasing research and development activities, rising investment in the healthcare sector and growing government support.
The major players covered in the systemic light chain (AL) amyloidosis market report are Sanofi, Baxter, Pfizer Inc., Sumitomo Corporation, Johnson & Johnson Private Limited, AstraZeneca, Cipla Inc., Abbott, Bayer AG, Merck KGaA, Sun Pharmaceutical Industries Ltd., GlaxoSmithKline plc, F. Hoffmann-La Roche Ltd., Allergan, Merck Sharp & Dohme Corp., Mylan N.V., Teva Pharmaceutical Industries Ltd., LEO Pharma A/S, Aurobindo Pharma, Lupin, SHIONOGI & Co., Ltd., AbbVie Inc., Eli Lilly and Company, Bausch Health Companies Inc.,among other domestic and global players.
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