Asparaginase Market Size | Global Analysis and Forecast 2028

Asparaginase Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Escherichia coli, Erwinia chrysanthemi, Pegylated, and Others), Application (Therapeutic, Food Processing, and Others), End-Use Industry (Healthcare and Food Manufacturing), and Geography

  • Report Code : TIPRE00008224
  • Category : Pharmaceuticals
  • Status : Published
  • No. of Pages : 176
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Asparaginase Market Size | Global Analysis and Forecast 2028

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The asparaginase market is expected to grow from US$ 564.01 million in 2021 to US$ 1,575.62 million by 2028. It is estimated to grow at a CAGR of 16.1% from 2022 to 2028.  

Asparaginase is an enzyme that breaks down asparagine. Asparaginase is used as a chemotherapy drug to treat acute lymphoblastic leukemia (ALL), lymphoblastic lymphoma (LBL), and certain other blood cancers. Unlike normal cells, ALL cells are unable to make their asparagine. Therefore, asparaginase stops the cancer cells from dividing and growing. Asparaginase is derived from Escherichia coli, Erwinia chrysanthemi, pegylated asparaginase, fungi, algae, and others.

The global asparaginase market is segmented on the basis of type, application, end-use industry, and geography. By geography, the market is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. This report offers insights and in-depth analysis of the market, emphasizing on parameters, such as market trends and dynamics, and the competitive analysis of globally leading market players.

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Asparaginase Market: Strategic Insights

Asparaginase Market

  • CAGR (2021 - 2028)
    16.1%
  • Market Size 2021
    US$ 564.01 Million
  • Market Size 2028
    US$ 1,575.62 Million

Market Dynamics

GROWTH DRIVERS
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FUTURE TRENDS
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OPPORTUNITIES
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Key Players

  • Servier Pharmaceuticals LLC
  • Jazz Pharmaceuticals plc
  • BioVendor R&D
  • Creative Enzymes
  • medac GmbH
  • Changzhou Qianhong Bio-pharma Co Ltd
  • United Biotech
  • Porton Biopharma
  • Taj Pharmaceuticals Limited

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Escherichia coli
  • Erwinia chrysanthemi
  • Pegylated
  • Others
Application
  • Therapeutic
  • Food Processing
  • Others
End-Use Industry
  • Healthcare and Food Manufacturing
Geography
  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • South and Central America
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Significant Growth of Pharmaceutical and Food Industry Boosts global Asparaginase Market

The pharmaceutical and food industry has developed significantly and observed various developments to ensure the high quality of food and pharmaceutical products. According to the European Federation of pharmaceutical industries and associations, North America accounted for 49% of global pharmaceutical sales in 2021, and 63.7% of sales generated from newly launched medicines from 2015 to 2020. Moreover, the pharmaceutical industry is developing at a significant rate, supported by the surge in R&D activities, and an increase in investment in the pharmaceutical industry by market players is further driving the market.

The food industry is constantly expanding with a never-ending increase in food demand. There is also a continuous rise in novel food products. Nowadays, manufacturers focus on the nutritional quantity of food. The consumption of fried and baked food worldwide has increased substantially, and the inclination toward such food items has also surged. Asparaginase is the main amino acid responsible for reducing sugar in fried and baked foods condensed with carbonyl sources.

Type Insights

Based on the type, the global asparaginase market is segmented into Escherichia coli (E. coli), Erwina Chrysanthemi, Pegylated, and others. The Escherichia coli segment held a larger share of the market in 2021, and this segment is anticipated to register the highest CAGR in the market during the forecast period of 2022-2028, owing to the increasing demand for asparaginase derived from E. coli for the treatment of cancer, such as ALL and LBL.

Asparaginase-derived E. coli is used for the treatment of acute lymphoblastic leukemias. Asparaginase E. coli is an enzyme that catalyzes L-asparagine into L-aspartic acid and ammonia. It helps in the production of oxaloacetate needed for cellular metabolism. Asparaginase from E. coli has an antitumor property that is used for the treatment of leukemias. Thus, the demand for asparaginase E. coli for cancer treatment, especially in pediatric patients, is driving the market growth.

Application Insights

Based on application, the global asparaginase market is bifurcated into therapeutic, food processing, and others. The therapeutic segment held a larger share of the market in 2021, and this segment is anticipated to register the highest CAGR in the market due to its use in the treatment of lymphoproliferative disorders and lymphomas. The segment is further segmented into acute lymphoblastic leukemia, lymphoblastic lymphoma, and others.

Acute lymphoblastic leukemia is a type of blood cancer and bone marrow, which is fatal when untreated. According to Institute for Health Metrics and Evaluation, about 153,000 new cases and 47,600 deaths of acute lymphoblastic leukemia were reported globally in 2019. Thus, increasing cases of acute lymphoblastic leukemia globally are driving the growth of the global asparaginase market.

Asparaginase Market Report Scope

Report Attribute Details
Market size in 2021 US$ 564.01 Million
Market Size by 2028 US$ 1,575.62 Million
Global CAGR (2021 - 2028) 16.1%
Historical Data 2019-2020
Forecast period 2022-2028
Segments Covered By Type
  • Escherichia coli
  • Erwinia chrysanthemi
  • Pegylated
  • Others
By Application
  • Therapeutic
  • Food Processing
  • Others
By End-Use Industry
  • Healthcare and Food Manufacturing
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Servier Pharmaceuticals LLC
  • Jazz Pharmaceuticals plc
  • BioVendor R&D
  • Creative Enzymes
  • medac GmbH
  • Changzhou Qianhong Bio-pharma Co Ltd
  • United Biotech
  • Porton Biopharma
  • Taj Pharmaceuticals Limited
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

    End-use Industry Insights

    Based on end use, the global asparaginase market is segmented into healthcare and food manufacturing. The healthcare segment held a larger share of the market in 2021. Furthermore, the same segment is expected to register the highest CAGR from 2022 to 2028. The driving factor for this segment's growth is the rising acute lymphocytic leukemia, lymphoblastic lymphoma, and growing research activities.

    Inorganic growth strategies witnessed in the market were mergers and acquisitions, partnerships, and collaborations. These activities have paved the way for the expansion of business and the customer base of market players. A few of the recent key market developments are listed below:

    • In May 2021, Jazz Pharmaceuticals acquired GW pharmaceutical company to enhance its R&D capabilities. This acquisition will also help the company to develop and commercialize cannabinoid-based prescription medicines.
    • In April 2021, Servier completed the acquisition of Agios Pharmaceuticals’ US$2 billion-plus royalties, including commercial, clinical, and research-stage oncology portfolio. This acquisition strengthens Servier’s commercial presence in the US malignant hematology market and provides the potential for long-term growth in the solid tumor space.
    • In August 2018, Medac GmBH, in partnership with FarmaMondo SA, will exclusively distribute Spectrila via a Managed Access Program for targeted Healthcare Providers in Russia, Georgia, Azerbaijan, Kyrgyzstan, Uzbekistan, and Moldova. FarmaMondo will manage access to Spectrila for patients with acute lymphoblastic leukemia.

    Some of the key players operating in the global asparaginase market include Servier Pharmaceuticals LLC, BioVendor R&D, Creative Enzymes, medac GmbH, Changzhou Qianhong Bio-pharma Co Ltd, United Biotech, Porton Biopharma, Taj Pharmaceuticals Limited, and Jazz Pharmaceuticals plc.

    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type, Application, End-Use Industry, and Geography

    Regional Scope
    Regional Scope

    North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

    Country Scope
    Country Scope

    Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

    Frequently Asked Questions


    Which segment by type led the asparaginase market?

    The Escherichia Coli segment held the largest share of the market in the global asparaginase market contributing a market share of 49.78% in 2021.

    Which region is projected to be the fastest-growing region in the global asparaginase market?

    The Asia Pacific is expected to be the fastest-growing region in the asparaginase market over the forecast period due to increasing prevalence of acute lymphoblastic leukemia, increasing research activities in cancer, and increasing innovative products for treatment of hematological cancers by the market players in the region.

    What is the estimated asparaginase market size in 2021?

    The asparaginase market is estimated to be valued at US$ 564.01 million in 2021.

    What are the growth estimates for the asparaginase market till 2028?

    The asparaginase market is expected to be valued at US$ 1,575.62 million in 2028.

    What is the market CAGR value of the asparaginase market during the forecast period?

    The CAGR value of the asparaginase market during the forecasted period of 2022-2028 is 16.1%

    Who are the major players in the asparaginase market across the globe?

    The asparaginase market majorly consists of the players, such as Servier Pharmaceuticals LLC, Jazz Pharmaceuticals plc, BioVendor R&D, Creative Enzymes, medac GmbH, Changzhou Qianhong Bio-pharma Co Ltd, United Biotech, Porton Biopharma, and Taj Pharmaceuticals Limited and among others.

    What are the driving factors for the global asparaginase market across the world?

    The factors that are driving the growth of the asparaginase market are rising incidences of leukemia and increasing usage applications and significant growth of the pharmaceutical and food industry are the major factors contributing to the growth of the asparaginase industry.

    What are Asparaginase?

    Asparaginase is an enzyme that breaks down asparagine. Asparaginase is used as a chemotherapy drug to treat acute lymphoblastic leukemia (ALL), lymphoblastic lymphoma (LBL), and certain other blood cancers. Unlike normal cells, ALL cells are unable to make their own asparagine. Therefore, asparaginase stops the cancer cells from dividing and growing. Asparaginase are derived from Escherichia coli, Erwinia chrysanthemi, pegylated asparaginase, fungi, algae and others.

    The List of Companies - Asparaginase Market

    1. Servier Pharmaceuticals LLC
    2. Jazz Pharmaceuticals plc
    3. BioVendor R&D
    4. Creative Enzymes
    5. medac GmbH
    6. Changzhou Qianhong Bio-pharma Co Ltd
    7. United Biotech
    8. Porton Biopharma
    9. Taj Pharmaceuticals Limited

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