Kaposi Sarcoma Market to Grow at a CAGR of 4.12% During the Forecast Period 2020-2025

Kaposi Sarcoma Market size is valued at $122.4m by 2019, and is anticipated to grow at a CAGR of 4.12% during the forecast period 2020-2025. The Kaposi Sarcoma Market growth rate is attributed to the rising incidence of cancer. Kaposi sarcoma (KS) is a cancer that develops from the cells that line lymph or blood vessels, abnormal cells of KS form purple, red, or brown blotches or tumors on the skin called as lesions. As, Kaposi sarcoma is easily caught by a body with weaker immune system, the chances of Kaposi sarcoma occurrence increase, which in turn fuel the market’s growth. From improvement’s made on reduction in drug resistance, lowering failure rate, few side effects, and the decreasing case-fatality ratios to the growing emphasis on combination therapy is anticipated to propel the Kaposi Sarcoma Market during the forecast period 2020-2025. Key Takeaways North America dominated the Kaposi Sarcoma Market with a share of 38% in the year 2019. The factors such as rising research and development activities in this field and the technological advancements, increasing mergers and acquisitions and strategic collaboration are amongst the major factor projected to impel growth of Kaposi Sarcoma Market. Increase in demand for food & beverage products with an extended shelf life, marginal nutritional changes in products such as milk, and reduction in logistics and storage cost are the key factors owing to the growth in the segment during forecast period 2020-2025. By Treatment - Segment Analysis Antiretroviral Therapy (HAART) segment held the largest share in the market owing to rising incidence rate of AIDS-associated Kaposi sarcoma over other types. Also there has been a rising preference for this treatment and the high cost of treatment is anticipated to bolster the market growth. Furthermore, for people with epidemic Kaposi sarcoma, antiretroviral treatment (ART) for HIV/AIDS is usually used before any other treatments to treat the tumor and reduce symptoms and rarely, ART can make preexisting infections and the Kaposi sarcoma worse. The segment is poised to grow at a CAGR of of 3.44% By Geography - Segment Analysis North America dominated the Kaposi Sarcoma Market with a share of 38% in 2019. The application of Kaposi Sarcoma has grown rapidly over the last few years owing to the presence of a large number of leading players and the increasing costs of drugs. In addition, the easy availability of advanced drugs and the technologically advanced healthcare continues to expand its market. With the increasing prevalence of Kaposi sarcoma and HIV in May 2019, The USFDA granted breakthrough therapy designation to Celgene’s pomalidomide (Pomalyst) for use as a treatment for patients with HIV-positive Kaposi sarcoma who have received prior chemotherapy, as well as patients with HIV-negative Kaposi sarcoma. Moreover, there are high number of R&D initiatives undergoing the treatment and the diagnosis of the Kaposi sarcoma to cater the Kaposi Sarcoma Market in the forecast period of 2020-2025. Drivers – Kaposi Sarcoma Market Rising demand of patients undergoing organ transplant procedures With the rise in demand of patients undergoing organ transplant procedures, there has been a growth in the Kaposi sarcoma treatment market, as patients undergoing organ transplants are highly susceptible to this cancer. For instance, according to the American Cancer Society (ACS), February 2016 data findings, around 1 in 200 transplant patients in the U.S. suffer from Kaposi sarcoma which can be considered as a Kaposi Sarcoma key driver of the market during the forecast period 2020-2025. Challenges – Kaposi Sarcoma Market High treatment cost and lack of awareness The major challenge for the market is the overall high cost of cancer treatment; there has been lack of awareness about this cancer, irregular availability of chemotherapy and HAART, lack of radiotherapy services. For instance, the prices of major drugs used for the treatment of Kaposi sarcoma, such as liposomal doxorubicin, liposomal daunorubicin, or paclitaxel in combination with HAART, are increasing significantly, making them unaffordable for middle- and lower-income group patients. Kaposi Sarcoma Industry Outlook Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Kaposi Sarcoma Market. In 2019, Kaposi Sarcoma Market share is fragmented by the top ten players present in the market. Kaposi Sarcoma Market top 10 companies are Eli Lilly and Company, Pfizer, Bristol-Myers Squibb, Johnson & Johnson, GlaxoSmithKline, Merck, Quest Diagnostics, Navidea Biopharmaceuticals Inc., MBio Diagnostics, Cleveland Clinic and others. Acquisitions/Product Launches In May 15,2020 U.S. Food and Drug Administration Approves Bristol Myers Squibb’s Pomalyst® (pomalidomide) for AIDS-Related and HIV-Negative Kaposi Sarcoma. In May 13,2019 Celgene Corporation announced that the U.S. Food and Drug Administration (FDA) has granted Breakthrough Therapy designation to POMALYST® (pomalidomide) for the treatment of patients with human immunodeficiency virus (HIV)-positive Kaposi sarcoma who have previously received systemic chemotherapy, as well as patients with HIV‐negative Kaposi’s sarcoma.