Zion Market Research has published a new report titled “Leukemia Therapeutics Market by Type (Acute, Chronic and other), Therapy (Chemotherapy, Biological Therapy, Radiation Therapy, Targeted Therapy and Others) and Region: Global Industry Perspective, Comprehensive Analysis, and Forecast, 2016 – 2022”. According to the report, global leukemia therapeutics market was valued at approximately USD 9.44 billion in 2016 and is expected to generate revenue of around USD 11.97 billion by end of 2022, growing at a CAGR of around 4.1% between 2017 and 2022.
Leukemia is cancer of blood cells. Blood cells are originated from hematopoietic stem cells (HSCs) in the bone marrow and undergo maturation process called hematopoiesis. Multipotent hematopoietic stem cells undergo differentiation in the process of maturation to give rise progenitor cells of myeloid and lymphoid origin. Myeloid cells include monocytes, macrophages, neutrophils, basophils, eosinophils, erythrocytes, dendritic cells and megakaryocytes or platelets. Lymphoid cells include T cells, B cells, and natural killer cells. Acute leukemia is fast growing and worsens quickly, wherein Chronic leukemia progresses slowly over time.
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Global Leukemia Therapeutics market is primarily driven by growing incidences of target disease across the globe. Other major driving factors are the development of novel agents and combination therapy with lesser side effects and better survival. However, the high price of combination therapies and clinical trials coupled with possible adverse events or side effects are the major restraints that may limit the growth of the market. Nonetheless increasing focus on personalized medicine coupled with a huge investment in anti-leukemia therapeutics research across the globe are likely to disclose the new avenues for Leukemia Therapeutics market in the near future.
Based on the type, leukemia therapeutics market has been segmented into acute leukemia, chronic leukemia, and others. Acute leukemia segment is subdivided into acute lymphatic leukemia and acute myeloid leukemia whereas chronic leukemia is sub-segmented as chronic lymphatic leukemia and chronic myeloid leukemia. The market is segmented into chemotherapy, biological therapy, radiation therapy, targeted therapy and other based on therapy.
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North America, Europe, Asia-Pacific, Latin America and Middle East & Africa are key regional segments of Global Leukemia Therapeutics market. North America is anticipated to remain the leading region over the forecast period. Demand for leukemia therapeutics was highest in North America especially in the U.S. Asia Pacific is expected to be the moderate growing region in leukemia therapeutics market during the forecast period. Moreover, the Middle East and Africa and Latin America are also expected to show moderate growth for this market in the years to come.
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Some of the key players in leukemia therapeutics market include F. Hoffmann-La Roche Ltd., Amgen, Bristol-Myers Squibb, Novartis International AG., Pfizer, Teva Pharmaceuticals, GlaxoSmithKline plc., Genzyme Corporation, AbbVie Inc. and ARIAD Pharmaceuticals, Inc. among others.
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