Leukemia Therapeutics Market to Witness Substantial Growth During the Forecast Period with CAGR of 7.47%
Increasing incidence of
cancer cases around the globe to drive the growth of global leukemia
therapeutics market.
According
to TechSci Research report, “Global
Leukemia
Therapeutics Market By Type (Chronic Lymphocytic Leukemia, Acute Myeloid Leukemia,
Chronic Myeloid Leukemia, Acute Lymphocytic Leukemia, Others), By Sex (Male,
Female), By Age Groups (0-15, 15-30, 30-50, 50+), By Diagnosis (Blood Test, Biopsy, Physical
Exam, Imaging), By Treatment (Chemotherapy, Stem Cell Transplantation,
Immunotherapy, Targeted Therapy, Others), By Drugs (Tyrosine Kinase Inhibitors,
Antimetabolites, Hormones (Corticosteroids), Monoclonal Antibodies, Others), By
Route of Administration (Oral, Parenteral), By Company, By Region, Forecast
& Opportunities, 2026”, the global leukemia therapeutics market is expected to
grow at a formidable rate during the forecast period to reach USD7636.21
million on account of the increasing prevalence of leukemia. Furthermore,
strong developing drug pipeline, increasing approvals of novel & innovative
drugs and immunotherapies are projected to spur the market during forecast years.
Moreover, technological advancements & innovations and faster approvals by
the regulatory agencies are further creating lucrative opportunities for the market.
However, lack of awareness among the population pertaining to the disease and
its severity can hamper the growth of market during forecast period.
Additionally, presence of generic drugs and limited availability of treatment
options restrict the growth of market during the forecast period. Furthermore,
lack of early diagnosis of the disease also obstructs the market growth over
the next few years. Moreover, the high cost of treatments and associated
adverse effects are further slowing down the growth of market.
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The global leukemia therapeutics market is segmented based on type,
gender, age groups, diagnosis, treatment, drugs, route of administration,
country, company and region. Based on type, the market can be
divided into chronic lymphocytic leukemia, acute myeloid leukemia, chronic
myeloid leukemia, acute lymphocytic leukemia and others. The chronic lymphocytic leukemia is
expected to dominate the market on account of the large number of treatment
options available and high incidence rate of chronic lymphocytic leukemia. Based on age groups, the market can be segmented into 0-15,
15-30, 30-50 and 50+. The 50+ years age group segment is expected to dominate
the market since leukemia mostly affects the old age population. Based on sex,
the market can be bifurcated into male and female. The male segment dominates
the market since male population especially in their middle age are affected by
this disease. Leukemia is often regarded as the most common type of cancer in
males. Based on treatment, the market can be categorized into chemotherapy, stem cell transplantation, immunotherapy,
targeted therapy and others. The chemotherapy segment is expected to dominate
the market during forecast period due to its effectiveness in killing cancerous
cells and inhibiting their proliferation and maintaining a normal level of
lymphocytes. Additionally, increased survival rate of the patients treated with
chemotherapy is again fueling the demand for the segment. The immunotherapy
segment is expected to register the highest growth during the forecast period. Based
on drug, the market can be segmented into antimetabolites, hormones (corticosteroids),
tyrosine kinase inhibitors, monoclonal antibodies and others. The tyrosine
kinase inhibitors hold the largest market share and this can be ascribed to their
fewer side effects and higher efficacy.
Novartis AG, AbbVie Inc.,
Roche Holding AG, Amgen Inc., AstraZeneca PLC, Pfizer Inc., Merck & Company
Inc., Eli Lilly and Company Ltd., Bristol-Myers Squibb Company, Gilead Sciences
Inc., Astellas Pharma Inc., Takeda Pharmaceutical Company Ltd., Stemline Therapeutics
Inc., Icell Gene Therapeutics, Otsuka Holdings Company Ltd. are some
of the leading players operating in global leukemia therapeutics market. The companies
operating in the market are using organic strategies such as product launches,
mergers and collaborations to boost their share. For instance, in May 2018,
Novartis launched its CAR-T cell therapy for the second indication treatment of
adult patients with relapsed or refractory (r/r) large B-cell lymphoma. With
the innovative launch of Kymriah CAR-T cell therapy, Novartis is now a pioneer
of leukemia immunotherapies. Recently on February 2021, Novartis has received a
designation from FDA for breakthrough therapy for ongoing investigations on STAMP
inhibitor Asciminib (ABL001) for chronic myeloid leukemia.
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“Asia-Pacific is expected to witness
the highest growth in the leukemia therapeutics market during the forecast
period on account of the increasing investments in research and development for
the treatment of leukemia and the growing prevalence of leukemia in countries
such as Japan and India. Additionally, the increasing disposable income of
consumers and improving healthcare infrastructure in the region is further
expected to propel the market during forecast period. Also, growing focus of
market players on addressing healthcare-based demands in these countries is
further expected to foster the growth of market through 2026.”, said
Mr. Karan Chechi, Research Director with TechSci Research, a research based
global management consulting firm.
“Global Leukemia
Therapeutics Market By Type (Chronic Lymphocytic Leukemia, Acute Myeloid Leukemia,
Chronic Myeloid Leukemia, Acute Lymphocytic Leukemia, Others), By Gender (Male,
Female), By Age Groups (0-15, 15-30, 30-50, 50+), By Diagnosis (Blood Test, Biopsy, Physical
Exam, Imaging), By Treatment (Chemotherapy, Stem Cell Transplantation,
Immunotherapy, Targeted Therapy, Others), By Drugs (Tyrosine Kinase Inhibitors,
Antimetabolites, Hormones (Corticosteroids), Monoclonal Antibodies, Others), By
Route of Administration (Oral, Parenteral), By Company, By Region, Forecast
& Opportunities, 2026” has evaluated the future growth
potential of global leukemia therapeutics market and provides statistics & information
on market size, structure and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities in global
leukemia therapeutics market.
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