A recent report published by
Infinium Global Research on leukemia therapeutics market provides an in-depth
analysis of segments and sub-segments in the global as well as regional
leukemia therapeutics market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional leukemia
therapeutics market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
leukemia therapeutics market. According to the report, the global leukemia
therapeutics market is projected to grow at a CAGR of 6.6% over the forecast
period of 2019-2025.
Leukemia is cancer that starts in
the blood-forming tissue, such as the bone marrow and causes large numbers of
abnormal blood cells to be produced and enter the bloodstream. Leukemia therapeutics works by targeting the leukemia cells by introducing targeted
antibody treatments that help the immune system recognize and attack leukemia
cells. Leukemia therapeutics has 5 main therapeutic antibodies in development
in which three represents new treatments for adult T cell leukemia and two
targets hairy cell leukemia. Leukemia therapeutics comprises of induction
therapy, consolidation therapy, and maintenance therapy. It also includes
chemotherapy, radiation and stem cell transplantation. New drugs are being
evaluated in clinical studies, including immunotoxins, monoclonal antibodies,
nucleoside analogues, hypomethylating agents, farnesyltransferase inhibitors,
alkylating agents, FMS like tyrosine kinase 3 inhibitors, and
multidrug-resistant modulators.
The high occurrences of leukemia
drive the demand for leukemia therapeutics during the forecast period.
According to the World Health Organization, leukemia is the most common blood
cancer in humans with around 0.0148% of men and 0.009% of women suffering
across the globe. Furthermore, an increase in the aging population base and
introduction of advanced leukemia therapies treatment are another key factors
that are fueling the growth of the leukemia therapeutics market. Furthermore,
technological advancement and development of new drugs and therapeutics are expected
to accelerate the growth of the leukemia therapeutics market. However, the high
cost required for the development and growth of new therapeutics is likely to
hamper the growth of the leukemia therapeutics market. Moreover, the upcoming
innovative therapeutics creates an opportunity for the growth of the leukemia
therapeutics market.
Among the geographies, North
America dominates the global leukemia therapeutics market owing to the rise in
the number of patients with cancer, growing genetic mutation, and increased
expenditure. In 2016, the American Cancer Society estimates that approximately
60,140 new leukemia cases were diagnosed in the United States. Furthermore,
technological advancement, increasing patient awareness, supportive government
policies in terms of incentives and investments, sophisticated healthcare
infrastructure are the key factors that attribute to the largest revenue in the
North America region. Europe is anticipated to hold the second position in the
market due to a higher presence of products with no major patent expiration.
Asia-Pacific is likely to grow rapidly due to 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.
The report on global leukemia
therapeutics market covers segments such as types and therapies. On the basis
of types, the sub-markets include myeloid leukemia, acute myeloid leukemia,
chronic lymphatic leukemia, acute leukemia, acute lymphatic leukemia, chronic
leukemia, and other types. On the basis of therapies, the sub-markets include
chemotherapy, targeted therapy, stem cell therapy, radiation therapy, and
biological therapy.
The report provides profiles of the
companies in the market such as CELGENE CORPORATION, Eisai Co., Ltd., Genzyme
Corporation, Bristol-Myers Squibb Company, Novartis AG, Biogen, F. Hoffmann-La
Roche Ltd, and GlaxoSmithKline Plc. Pfizer Inc., and Other companies.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of leukemia therapeutics market. Moreover, the study highlights
current market trends and provides forecast from 2019-2025. We also have
highlighted future trends in the market that will affect the demand during the
forecast period. Moreover, the competitive analysis given in each regional
market brings an insight into the market share of the leading players.
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