South America Asparaginase Market

The SAM asparaginase market is expected to grow from US$ 32.29 million in 2022 to US$ 73.24 million by 2028; it is estimated to grow at a CAGR of 14.6% from 2022 to 2028. 

New Product Launches and Approvals 

The pharmaceutical and food industries are constantly developing at a significant rate due to the rising demand from a large population has increased new product development, product launches, and approvals on a regional level. Additionally, major market players are involved in research and development activities to ensure the innovation and development of efficient products. In recent years there have been various developments, such as product launches and approvals taking place in the market, which are likely to create ample opportunities in the market. For instance, In July 2021, Ligand Pharmaceuticals Incorporated partnered with Jazz Pharmaceuticals Plc to launch Rylaze (asparaginase Erwinia Chrysanthemi (recombinant)-rywn), also known as JZP458. Rylaze is a recombinant erwinia asparaginase used as a component of a multi-agent chemotherapeutic regimen for treating acute lymphoblastic leukemia (ALL) or lymphoblastic lymphoma (LBL) in adult and pediatric patients 1 month or older who have developed hypersensitivity to E. coli-derived asparaginase. Similarly, in August 2020, Lonza expanded microbial capacity and extended long-term partnership with Servier Pharmaceuticals, Inc. for l-asparaginase API manufacturing. The new facility will provide mid-scale commercial manufacturing to multiple customers and serve the growing needs of Servier, an independent international pharmaceutical company and long-term Lonza partner. Thus, the increase in new product development, launches, and other strategic collaborations among market players are likely to create ample opportunities and drive market growth in the coming years. 

Market Overview 

The SAM asparaginase market is segmented into Brazil, Argentina, and the Rest of SAM. Brazil dominated the market in 2022. As per World Health Organization report, 11,445 new cases of non-Hodgkin lymphoma and 11,363 new cases of leukemia were reported in Brazil in 2020. There has been development in healthcare facilities and products along with the rising prevalence of leukemia and lymphoma in Brazil. According to National Library of Medicine report, the Brazilian Ministry of Health acquired a new l-asparaginase produced by Beijing SL Pharmaceutical (China) with the trade name of Leuginase in 2017. Moreover, Brazil has the second largest food processing industry in North America and South America, after the US. The country also has the second largest agricultural industry and also exports most of the food items and ingredients to the neighboring countries. Brazil has experienced significant growth in the food process industry, which has further created the demand for asparaginase. For instance, according to Brazilian Food Processors' Association, the Brazil food processing industry generated the revenue of US$ 171 billion in 2021, which is an increase of 16.9% as compared to 2020. Thus, the rising prevalence of leukemia and lymphoma, along with surge in application of asparaginase in the agricultural & food industries in the country, is expected to proliferate the growth of asparaginase market over the forecast period. 

SAM Asparaginase Market Revenue and Forecast to 2028 (US$ Million) 

South America Asparaginase Strategic Insights

Strategic insights for the South America Asparaginase provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

South America Asparaginase Report Scope

South America Asparaginase Regional Insights

The geographic scope of the South America Asparaginase refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

SAM Asparaginase Market Segmentation 

The SAM asparaginase market is segmented based on type, application, end-use industry, and country. 

Based on type, the SAM asparaginase market is segmented into escherichia coli, erwinia chrysanthemi, pegylated, and others. The escherichia coli segment held the largest market share in 2022. Based on application, the SAM asparaginase market is segmented into therapeutic, food processing, and others. The therapeutic segment held the largest market share in 2022. The therapeutic segment is further classified into acute lymphoblastic leukemia, lymphoblastic lymphoma, and others. Based on end-use industry, the SAM asparaginase market is bifurcated into healthcare and food manufacturing. The healthcare segment held the larger market share in 2022. Based on country, the SAM asparaginase market has been categorized into Brazil, Argentina, and rest of SAM. Our regional analysis states that Brazil dominated the market in 2022. Biovendor, LLC; Creative Enzymes; Jazz Pharmaceuticals, Inc.; medac GMBH; Servier Pharmaceuticals LLC; Taj Pharmaceuticals Limited; and United Biotech (P) Limited are the leading companies operating in the SAM asparaginase market.