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Lorlatinib Market Analysis By Indication (Non-Small Cell Lung Cancer (NSCLC), Other Cancers), By Distribution Channel (Hospitals, Retail Pharmacies, Online Pharmacies) and by Region: Global Forecast, 2024 - 2034.

  • PUBLISHED ON
  • 2024-08-13
  • NO OF PAGES
  • 290
  • CATEGORY
  • Healthcare & Life Sciences

Market Overview

The Lorlatinib market is predicted to develop at a compound annual growth rate (CAGR) of xx from 2024 to 2034, when it is projected to reach USD xx Billion, based on an average growth pattern. The market is estimated to reach a value of USD xx Billion in 2024.

 

SOURCE: We Market Research

Lorlatinib, also known as Lorbrena, is a tyrosine kinase inhibitor used to treat ALK-positive non-small cell lung cancer (NSCLC) after previous therapies have failed. It acts by targeting and inhibiting the ALK and ROS1 proteins, which stimulate cancer cell proliferation. Lorlatinib, when administered orally in tablet form, is known to treat adverse effects such as diarrhea, nausea, and edema. It is FDA-approved for individuals with advanced or metastatic ALK-positive NSCLC. The medicine is accessible in several regions and is given by oncologists to improve outcomes in patients with this specific cancer type.

The global Lorlatinib market is expanding due to an increase in incidences of non-small cell lung cancer (NSCLC) with ALK mutations, which drives need for targeted treatments. Advances in oncology research and increased awareness lead to better diagnosis and treatment choices. Government funding and growing healthcare costs improve access to advanced therapies. Ongoing clinical trials and a robust pipeline of related medications increase commercial potential. Improved patient access through financial support and improved infrastructure also contribute to market growth, positioning Lorlatinib as a significant participant in the changing cancer treatment landscape.

Market Scope

Report Attributes

Description

Market Size in 2024

USD xx Billion

Market Forecast in 2034

USD xx Billion

CAGR % 2024-2034

xx%

Base Year

2023

Historic Data

2016-2022

Forecast Period

2024-2034

Report USP

 

Production, Consumption, company share, company heatmap, company production capacity, growth factors and more

Segments Covered

By Indication, By Distribution Channel and By Region

Regional Scope

North America, Europe, APAC, South America and Middle East and Africa

Country Scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria

Lorlatinib Industry: Dynamics & Restrains

 

Market opportunity:


We Market Research: Lorlatinib Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.


Lorlatinib Segmentation

Market- By Indication Analysis

By Indication, the Lorlatinib Market is Categories into Non-Small Cell Lung Cancer (NSCLC), Other Cancers. The Non-Small Cell Lung Cancer (NSCLC) segment accounts for the largest share of around 88% in 2024.


Lorlatinib's success in NSCLC is driven by the increased incidence of this cancer type and its specific effectiveness against ALK-positive NSCLC, which improves patient outcomes and promotes demand for tailored, advanced treatments in this market.

The following segments are part of an in-depth analysis of the global Lorlatinib market:

Market Segments

 

By Distribution Channel

·         Hospitals

·         Retail Pharmacies

·         Online Pharmacies


Lorlatinib Industry: Regional Analysis

North America Market Forecast

North America dominates the Lorlatinib Market with the highest revenue generating market with share of more than 47%. In North America, high incidences of NSCLC, along with advanced healthcare infrastructure and significant research funding, drive lorlatinib adoption. The U.S. has a strong regulatory environment that facilitates quicker drug approvals and widespread availability, enhancing the drug’s market presence and accessibility for patients.


Europe Market Statistics

Europe's strong healthcare systems and high rates of cancer contribute to the demand for lorlatinib. However, market growth is influenced by varying healthcare policies and reimbursement practices across countries. Western Europe experiences higher adoption rates compared to Eastern Europe, were economic constraints and healthcare disparities impact accessibility.

Asia Pacific Market Forecasts

In Asia-Pacific, increasing cancer rates and expanding healthcare access, particularly in China and Japan, drive lorlatinib’s market growth. Regulatory approvals and local healthcare developments are critical factors, with varying market dynamics across countries. India is also seeing growth, though affordability and distribution remain challenges.

Key Market Players

·         Pfizer Inc.  

1.      Global Lorlatinib Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Lorlatinib Market Scope and Market Estimation

1.2.1. Global Lorlatinib Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)

1.2.2. Global Lorlatinib Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034

1.3.    Market Segmentation

1.3.1. Indication of Global Lorlatinib Market

1.3.2. Distribution Channel of Global Lorlatinib Market

1.3.3. Region of Global Lorlatinib Market

2.      Executive Summary

2.1.    Market Dynamics

2.1.1. Drivers

2.1.2. Limitations

2.1.3. Opportunities

2.1.4. Impact Analysis of Drivers and Restraints

2.2.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.3.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.4.    Porter’s Five Forces Analysis

2.4.1. Bargaining Power of Suppliers

2.4.2. Bargaining Power of Buyers

2.4.3. Threat of Substitutes

2.4.4. Threat of New Entrants

2.4.5. Competitive Rivalry

2.5.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Lorlatinib Market Estimates & Historical Trend Analysis (2019 - 2023)

4.      Global Lorlatinib Market Estimates & Forecast Trend Analysis, by Indication

4.1.    Global Lorlatinib Market Revenue (US$ Mn) Estimates and Forecasts, by Indication, 2019 to 2034

4.1.1. Non-Small Cell Lung Cancer (NSCLC)

4.1.2. Other Cancers

5.      Global Lorlatinib Market Estimates & Forecast Trend Analysis, by Distribution Channel

5.1.    Global Lorlatinib Market Revenue (US$ Mn) Estimates and Forecasts, by Distribution Channel, 2019 to 2034

5.1.1. Hospitals

5.1.2. Retail Pharmacies

5.1.3. Online Pharmacies

6.      Global Lorlatinib Market Estimates & Forecast Trend Analysis, by region

6.1.    Global Lorlatinib Market Revenue (US$ Mn) Estimates and Forecasts, by region, 2019 to 2034

6.1.1. North America

6.1.2. Europe

6.1.3. Asia Pacific

6.1.4. Middle East & Africa

6.1.5. South America

7.      North America Lorlatinib Market: Estimates & Forecast Trend Analysis

7.1.    North America Lorlatinib Market Assessments & Key Findings

7.1.1. North America Lorlatinib Market Introduction

7.1.2. North America Lorlatinib Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

7.1.2.1.   By Indication

7.1.2.2.   By Distribution Channel

7.1.2.3.   By Country

7.1.2.3.1.     The U.S.

7.1.2.3.2.     Canada

7.1.2.3.3.     Mexico

8.      Europe Lorlatinib Market: Estimates & Forecast Trend Analysis

8.1.    Europe Lorlatinib Market Assessments & Key Findings

8.1.1. Europe Lorlatinib Market Introduction

8.1.2. Europe Lorlatinib Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

8.1.2.1.   By Indication

8.1.2.2.   By Distribution Channel

8.1.2.3.        By Country

8.1.2.3.1.     Germany

8.1.2.3.2.     U.K.

8.1.2.3.3.     France

8.1.2.3.4.     Italy

8.1.2.3.5.     Spain

8.1.2.3.6.     Russia

8.1.2.3.7.     Rest of Europe

9.      Asia Pacific Lorlatinib Market: Estimates & Forecast Trend Analysis

9.1.    Asia Pacific Market Assessments & Key Findings

9.1.1. Asia Pacific Lorlatinib Market Introduction

9.1.2. Asia Pacific Lorlatinib Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

9.1.2.1.   By Indication

9.1.2.2.   By Distribution Channel

9.1.2.3.        By Country

9.1.2.3.1.     China

9.1.2.3.2.     Japan

9.1.2.3.3.     India

9.1.2.3.4.     Australia

9.1.2.3.5.     South Korea

9.1.2.3.6.     ASEAN

9.1.2.3.7.     Rest of Asia Pacific

10.  Middle East & Africa Lorlatinib Market: Estimates & Forecast Trend Analysis

10.1.  Middle East & Africa Market Assessments & Key Findings

10.1.1.   Middle East & Africa Lorlatinib Market Introduction

10.1.2.   Middle East & Africa Lorlatinib Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

10.1.2.1.    By Indication

10.1.2.2.    By Distribution Channel

10.1.2.3.    By Country

10.1.2.3.1. U.A.E.

10.1.2.3.2. Saudi Arabia

10.1.2.3.3. Egypt

10.1.2.3.4. South Africa

10.1.2.3.5. Rest of Middle East & Africa

11.  South America Lorlatinib Market: Estimates & Forecast Trend Analysis

11.1.  South America Market Assessments & Key Findings

11.1.1.   South America Lorlatinib Market Introduction

11.1.2.   South America Lorlatinib Market Size Estimates and Forecast (US$ Million) (2019 – 2034)

11.1.2.1.    By Indication

11.1.2.2.    By Distribution Channel

11.1.2.3.    By Country

11.1.2.3.1. Brazil

11.1.2.3.2. Argentina

11.1.2.3.3. Colombia

11.1.2.3.4. Rest of South America

12.  Competition Landscape

12.1.  Global Lorlatinib Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

12.2.  Global Lorlatinib Market Competition White Space Analysis, By End-user

12.3.  Global Lorlatinib Market Competition Heat Map Analysis, By End-user

12.4.  Global Lorlatinib Market Concentration & Company Market Shares (%) Analysis, 2022

13.  Company Profiles

13.1.                     Pfizer Inc.

13.1.1.   Company Overview & Key Stats

13.1.2.   Financial Performance & KPIs

13.1.3.   Product Portfolio

13.1.4.   Business Strategy & Recent Developments

14.  Research Methodology

14.1.  External Transportations / Databases

14.2.  Internal Proprietary Database

14.3.  Primary Research

14.4.  Secondary Research

14.5.  Assumptions

14.6.  Limitations

14.7.  Report FAQs

15.  Research Findings & Conclusion 

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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

Frequently Asked Questions

What is the growth rate for the Lorlatinib Market?

Lorlatinib Market size will increase at approximate CAGR of xx% during the forecasted period.

Which are the top companies operating within the market?

Major companies operating within the Lorlatinib Market is Pfizer Inc.

Which region dominates the Lorlatinib Market?

North America dominates the market with an active share of 47%.

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