The global leukemia therapeutics treatment market value is USD 15,246.7 million in 2023. In contrast, the 2022 value was USD 14,504.8 million. The market is set to progress at a CAGR of 7.1% through 2033. By the end of the forecast period, the valuation of the market is expected to reach USD 30,318.5 million.
An increase in leukemia cases necessitates leukemia therapeutics treatment. The players in the market are taking increasingly innovative steps to combat leukemia in patients. The introduction of new drugs and treatments, after approval, is aimed at improving the efficiency of treatment. Technology thus plays a key role in the market.
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Survival rates of leukemia patients are rising due in large part to leukemia treatments. Thus, the leukemia therapeutics treatment market has a positive image in the market. Combined with positive attitudes towards cancer care and preventive healthcare, the market is thus flourishing.
Patients of leukemia encompass all age groups. However, a few age groups are more susceptible to the disease. Patients 65 and above years of age and 20 and below years of age represent a significant consumer base for the market.
“To come up with breakthroughs in treatment as well as innovations in drugs, significant investment is needed. Companies invest in research and development to make treatment more efficient. Governments all over the world are backing the research for developing efficient leukemia treatment methods. Thus, there are lucrative opportunities for players in the leukemia therapeutics treatment market,” says an analyst at FMI.
Key Takeaways from the Leukemia Therapeutics Treatment Market:
- The leukemia therapeutics treatment market is likely to be valued at USD 30,318.5 million by 2033.
- Patients prefer injectable medicines, which accounted for 61.7% of the market share by mode of administration in 2022.
- Patients are most commonly using targeted drugs and immunotherapy as treatment. Targeted drugs & immunotherapy made up 57.2% of the market share by treatment in 2022.
- China is expected to show rapid growth in the market. The CAGR of the market in China is forecasted at 10.6% through 2033.
- Another Asian market with great potential is South Korea. The South Korean market is expected to grow at a CAGR of 9.6% over the forecast period.
- The market is projected to grow at a CAGR of 9.6% and 8.6% in Japan and India, respectively.
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Competition Analysis of the Leukemia Therapeutics Treatment Market:
Through research and development, players in the market are focused on innovations. New drugs and breakthroughs not only improve the efficiency of treatment but also help bring diversity to portfolios of companies. Some of the prominent companies in the market include Ambit Biosciences Corporation, Biogen Idec, Inc., Ariad Pharmaceuticals, Inc., and Bristol-Myers Squibb.
Recent Developments in the Leukemia Therapeutics Treatment Market:
- In October 2023, the drug Revumenib had success in the trial stage, as announced by the manufacturer Syndax Pharmaceuticals.
- In November 2022, the European Council approved BeiGene’s drug Brukinsa (Zanubrutinib). Chronic lymphocytic leukemia (CLL) patients are the target group for the drug.
- In September 2020, the Onureg drug from Bristol Myers Squibb was approved by the US Food and Drug Administration (FDA). The drug boasts of helping patients in remission.
Key Companies in the Leukemia Therapeutics Treatment Market:
- Ambit Biosciences Corporation
- Biogen Idec, Inc.
- Ariad Pharmaceuticals, Inc.
- Bristol-Myers Squibb
- Novartis Pharmaceuticals
- Pfizer
- Others
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Key Segments:
By Treatment:
- Targeted Drugs & Immunotherapy
- Chemotherapy
By Molecule:
- Biologics
- Single Molecule
By Mode of Administration:
- Injectable
- Oral
By Indication:
- AML
- CML
- ALL
- CLL
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East and Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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