PUBLISHER: The Business Research Company | PRODUCT CODE: 1763085
PUBLISHER: The Business Research Company | PRODUCT CODE: 1763085
Oncaspar (pegaspargase) is a PEGylated form of the enzyme asparaginase, primarily used in chemotherapy to treat acute lymphoblastic leukemia (ALL). It works by depleting asparagine, an amino acid that is crucial for the growth of certain cancer cells, thereby inhibiting their ability to multiply and survive. Oncaspar is often preferred when other asparaginase treatments are either ineffective or poorly tolerated.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The key product types of oncaspar are lyophilized Oncaspar and liquid Oncaspar. Lyophilized Oncaspar is a freeze-dried powder that, when reconstituted with a liquid, retains its stability, making it easier to store and transport. It is distributed through various channels, including hospitals, specialty clinics, and online pharmacies, for treating conditions such as acute lymphoblastic leukemia, lymphoblastic lymphoma, and others.
The oncaspar market research report is one of a series of new reports from The Business Research Company that provides oncaspar market statistics, including the oncaspar industry global market size, regional shares, competitors with the oncaspar market share, detailed oncaspar market segments, market trends, and opportunities, and any further data you may need to thrive in the oncaspar industry. This oncaspar market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The oncaspar market size is expected to see strong growth in the next few years. It will grow to $244.4 million in 2029 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to advances in biotechnology and drug development, an increasing number of product approvals, expansion of treatment options in oncology, favorable regulatory approvals and expanded indications, and increasing investments in healthcare. Major trends in the forecast period include the rising adoption of pegylated products, personalized medicine and targeted therapies, technological advancements in asparaginase formulation, and rising demand for biosimilar alternatives.
The increasing prevalence of cancer is expected to drive the growth of the oncaspar market. Cancer is a group of diseases characterized by abnormal cell growth that can invade nearby tissues and spread throughout the body. Genetic mutations disrupt normal cell processes, contributing to tumor formation and metastasis. Oncaspar (pegaspargase) works by targeting and depleting asparagine, an amino acid crucial for the growth of leukemia cells, thereby hindering their proliferation. This reduces the likelihood of leukemia recurrence and improves survival in patients who cannot tolerate other forms of asparaginase therapy. According to the American Cancer Society, in January 2022, approximately 1.9 million new cancer cases and 609,360 cancer-related deaths were expected in the U.S., with major cancer types including lung, prostate, colorectal, and breast cancers. The rising number of cancer cases globally is propelling growth in the oncaspar market.
Government initiatives for healthcare research and development are driving the growth of the oncaspar market. Government actions, programs, policies, and funding efforts are aimed at addressing health issues and advancing medical research. For instance, in 2022, the UK government committed £260 million (US $270.65 million) in funding to support healthcare research, diagnostics, and treatment, alongside £60 million (US $63.60 million) to boost life sciences manufacturing in the UK. These initiatives are enhancing the healthcare ecosystem and driving the availability of treatments such as oncaspar, thus fostering market growth.
A key trend in the oncaspar market is the development of advanced pediatric formulations of pegaspargase to improve the treatment process for acute lymphoblastic leukemia (ALL). The pediatric formulation is specifically designed for children with ALL, helping to reduce the risk of relapse and offering effective treatment, particularly for those allergic to native asparaginase. In March 2024, Gennova Biopharma launched a pediatric pack size of pegaspargase under the brand name HAMSYL Junior in India. The 1500 IU pack size is designed for precise dosing in children, reducing wastage and ensuring effective treatment while maintaining the same API strength as the adult version. This development is a significant advancement in pediatric oncology, making Oncaspar more accessible and affordable for young patients in India.
Key player operating in the oncaspar market is Servier Pharmaceuticals LLC.
North America was the largest region in the oncaspar market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in oncaspar report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the oncaspar market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The oncaspar market consists of sales of reconstituted oncaspar, prefilled syringe oncaspar, and vial oncaspar. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Oncaspar Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on oncaspar market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for oncaspar ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The oncaspar market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.