Tyrosine Protein Kinase SYK Market

Global Tyrosine Protein Kinase SYK Market Size, Share and Trend Analysis Report, By Type (HMPL-523, C-13, CVXL-0074, ASN-002, FF-10102, and Others), By Application (Anaphylactic Shock, Arthritis, Fallopian Tube Cancer, Lupus Nephritis, and Others), Forecast (2021-2027)
    Update Available - Forecast 2024-2030   

Published: Jul 2023 | Report Code: OMR2025993 | Category : Healthcare Information Technology | Delivery Format: /

The global tyrosine protein kinase SYK market is anticipated to grow at a significant CAGR during the forecast period (2021-2027). Tyrosine protein kinase SYK is also known as spleen tyrosine kinase (SYK). It is a non-receptor cytoplasmic enzyme and is primarily expressed in cells of hematopoietic lineage. It contains two adjacent SH2 domains that bind to immunoreceptor tyrosine-based activation motifs (ITAMs) to activate the enzyme. The major factor driving the growth of the market is the rising prevalence of arthritis across the globe. 

According to Arthritis Org, in 2020, over 54 million adults had doctor-diagnosed arthritis with more than 1 in 4 US adults. Additionally, almost 300,000 children had arthritis in 2020. Furthermore, this disease affects more adults younger than age 65 with more than 1 in 3 people (both men and women), aged 18 to 64, having symptoms consistent with arthritis. Hence, the rising prevalence of arthritis is driving the demand for tyrosine protein kinase SYK for treatment which in turn is driving the growth of the market. Moreover, Fostamatinib was the first oral SYK inhibitor used for the treatment of rheumatoid arthritis and lymphoid malignancies.

Some major players in the market include Celgene Corp., Gilead Sciences Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in July 2021, Kronos Bio announced that the FDA cleared its IND for next-generation spleen tyrosine kinase (SYK) inhibitor lanraplenib (LANRA) for relapsed/refractory and newly diagnosed acute myeloid leukemia (AML). 

Market Coverage

The market number available for – 2020-2027

Base year- 2020

Forecast period- 2021-2027

Segment Covered- 

o By Type

o By Application

Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Celgene Corp., Clevexel Pharma SAS, Gilead Sciences Inc., GlaxoSmithKline Plc, among others. 

Key questions addressed by the report

What is the market growth rate?

Which segment and region dominate the market in the base year?

Which segment and region will project the fastest growth in the market?

How has COVID-19 impacted the market?

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?

How players are addressing challenges to sustain growth?

Where is the investment opportunity?

Global Tyrosine Protein Kinase SYK Market Report Segment

By Type

HMPL-523

C-13

CVXL-0074

ASN-002

FF-10102

Others

By Application

Anaphylactic Shock

Arthritis

Fallopian Tube Cancer

Lupus Naphritis

Other

Global Tyrosine Protein Kinase SYK Market Report by Region

North America

United States

Canada

Europe

UK

Germany

Italy

Spain

France

Rest of Europe 

Asia-Pacific

China

India

Japan

South Korea

Rest of Asia-Pacific 

Rest of the World

Latin America 

Middle East & Africa