Insights & Forecast with Potential Impact of COVID-19 – Anaplastic Lymphoma Kinase (ALK) Inhibitors Market 2020-2024 | High Target Affinity and Specificity of ALK Inhibitors to Boost Growth | Technavio

LONDON–()–Technavio has been monitoring the anaplastic lymphoma kinase (ALK) inhibitors market and it is poised to grow by $2.96 bn during 2020-2024, progressing at a CAGR of over 20% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample Report on COVID-19 Impact

The market is concentrated, and the degree of concentration will accelerate during the forecast period. AstraZeneca Plc, Betta Pharmaceuticals Co. Ltd., Bio-Techne Corp., F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, Merck KGaA, Novartis AG, Pfizer Inc., Takeda Pharmaceutical Co. Ltd., and Turning Point Therapeutics Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

High target affinity and specificity of ALK inhibitors has been instrumental in driving the growth of the market. However, preference for substitute products might hamper market growth.

Anaplastic Lymphoma Kinase (ALK) Inhibitors Market 2020-2024 : Segmentation

Anaplastic Lymphoma Kinase (ALK) Inhibitors Market is segmented as below:

  • Type

    • Second-generation ALK Inhibitors
    • First-generation ALK Inhibitors
    • Third-generation ALK Inhibitors
  • Geography

    • North America
    • Europe
    • Asia
    • ROW

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Anaplastic Lymphoma Kinase (ALK) Inhibitors Market 2020-2024 : Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our anaplastic lymphoma kinase (ALK) inhibitors market report covers the following areas:

  • Anaplastic Lymphoma Kinase (ALK) Inhibitors Market size
  • Anaplastic Lymphoma Kinase (ALK) Inhibitors Market trends
  • Anaplastic Lymphoma Kinase (ALK) Inhibitors Market industry analysis

This study identifies an increase in approvals of combination therapies and the extension of the application of ALK inhibitors as the prime reasons driving the anaplastic lymphoma kinase (ALK) inhibitors market growth during the next few years.

Anaplastic Lymphoma Kinase (ALK) Inhibitors Market 2020-2024 : Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the anaplastic lymphoma kinase (ALK) inhibitors market, including some of the vendors such as AstraZeneca Plc, Betta Pharmaceuticals Co. Ltd., Bio-Techne Corp., F. Hoffmann-La Roche Ltd., GlaxoSmithKline Plc, Merck KGaA, Novartis AG, Pfizer Inc., Takeda Pharmaceutical Co. Ltd., and Turning Point Therapeutics Inc. Backed with competitive intelligence and benchmarking, our research reports on the Anaplastic Lymphoma Kinase (ALK) Inhibitors Market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.

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Anaplastic Lymphoma Kinase (ALK) Inhibitors Market 2020-2024 : Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist anaplastic lymphoma kinase (ALK) inhibitors market growth during the next five years
  • Estimation of the anaplastic lymphoma kinase (ALK) inhibitors market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the anaplastic lymphoma kinase (ALK) inhibitors market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of anaplastic lymphoma kinase (ALK) inhibitors market vendors

Table Of Contents :

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Type

  • Market segments
  • Comparison by Type
  • Second-generation ALK inhibitors – Market size and forecast 2019-2024
  • First-generation ALK inhibitors – Market size and forecast 2019-2024
  • Third-generation ALK inhibitors – Market size and forecast 2019-2024
  • Market opportunity by Type

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • Asia – Market size and forecast 2019-2024
  • ROW – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AstraZeneca Plc
  • Betta Pharmaceuticals Co. Ltd.
  • Bio-Techne Corp.
  • F. Hoffmann-La Roche Ltd.
  • GlaxoSmithKline Plc
  • Merck KGaA
  • Novartis AG
  • Pfizer Inc.
  • Takeda Pharmaceutical Co. Ltd.
  • Turning Point Therapeutics Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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About the Author: Biotech Today

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