Leukemia Therapeutics Market Size, Share, Growth Report 2030

Market Overview

In terms of revenue, the global Leukemia Therapeutics Market accounted for USD 13.85 Billion in 2020 and is expected to reach USD 24.70 Billion by 2028, growing at a CAGR of 7.5% from 2021 to 2028.

Leukemia is also known as blood cancer. There are various categories of blood cells, including red blood cells (RBCs), white blood cells (WBCs), and platelets. Commonly, leukemia refers to cancers of the white blood cells (WBCs). WBCs are an important part of your immune system as they protect your body from invasion by viruses, bacteria, and fungi, as well as from abnormal cells and other foreign substances. In leukemia, the white blood cells don’t function like normal WBCs and can also divide swiftly and eventually crowd out normal cells.

According to the American Cancer Society, in 2019, in the U.S. approximately 61,780 new cases of leukemia were found. There are various types of leukemia such as, leukemia (ALL), chronic lymphocytic leukemia (CLL), acute myeloid leukemia (AML), and chronic myeloid leukemia (CML). Among them acute myeloid leukemia (AML) is considered as one of the most common types of leukemia in adults.

COVID-19 Impact Analysis

COVID-19 is a global public emergency which have led us to serious implications for all the sectors as it have reduced the growth to a significant level. World is still suffering through an unprecedented COVID-19 outbreak posing social, health, and economic emergency. It’s been a year now since the outbreak of COVID-19 hampering the various markets causing the significant loss in the revenue. However, Healthcare sector, research & development activities can be seen to get on track with new inflow of investments.

Owing to the COVID-19 lockdown in the various countries, the demand of the drugs for chronic diseases have raised tremendously. The people having medications for chronic diseases have managed to store the drugs for overall the period of lockdown. However, COVID-19 have positively impact leukemia therapeutics market.

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Growth Factors

The global Leukemia Therapeutics Market growth is majorly driven by key factor that include rising prevalence of Leukemia along with geriatric population and increasing awareness. Furthermore, increasing transition from symptom management to slowing the progression of the disease supports the growth of the market. The rising prevalence of acute lymphocytic leukemia (ALL), chronic lymphocytic leukemia (CLL), acute myeloid leukemia (AML), and chronic myeloid leukemia (CML) is also one of the factor responsible for the growth of the market.

Among them acute myeloid leukemia (AML) is considered as one of the most common types of leukemia in adults. According to American Cancer Society, in United States for year 2020, About 60,530 new cases of leukemia of all kinds and About 19,940 new cases of acute myeloid leukemia (AML) were found. Hence, Owing to the presence of the large base of the participants the Leukemia Therapeutics Market is expected to boost the market.

However, the high cost of the drugs used for treatment of leukemia can be a restrain over the forecast period.

Report Scope:

Leukemia Type Segment Analysis Preview:

Based on leukemia type the leukemia therapeutics market is segmented into, Acute lymphocytic leukemia (ALL), Chronic lymphocytic leukemia (CLL), Acute myeloid leukemia (AML), Chronic myeloid leukemia (CML). Among all the types of leukemia, acute myeloid leukemia (AML) is considered as one of the most common type. According to American Cancer Society, in United States for year 2020, About 19,940 new cases of acute myeloid leukemia (AML) were found. Hence, owing to the large base of population suffering from leukemia the leukemia therapeutics market is anticipated to grow over the forecast period.

Mode of Administration Segment Analysis Preview:

Based on mode of administration the leukemia therapeutics market is segmented into, Injectable, Oral. Owing to the self-medication possibility and easy to use the oral route of administration is likely to dominate the segment.

Regional Analysis Preview

North America Holds the Largest Share in the leukemia therapeutics market owing to the presence of high incidence rate, and advancements in the treatment of leukemia. According to American Cancer Society estimates, in U.S. for year 2020, 23,100 deaths were caused from leukemia of all kinds. The measurements involve a large percentage of the adult population and they require proper medical treatment to increase their life expectancy. Hence, North America is anticipated to hold the largest share over the forecast period.

Asia pacific is the most promising region and holds significant opportunities in the global Rheumatology Therapeutics Market. The factors the supplements the growth of the market includes huge patient pool, increased RD activities for the development of novel biologics.

Key Market Players & Competitive Landscape

Some of key players in leukemia therapeutics market are,

1. Novartis
2. AbbVie
3. Bristol-Myers Squibb
4. F. Hoffmann-La Roche
5. Sanofi
6. Pfizer
7. Amgen
8. Gilead Sciences
9. Takeda Pharmaceutical
10. Celgene

The Leukemia Therapeutics Market is segmented as follows:

By Leukemia Type

• Acute lymphocytic leukemia (ALL)
• Chronic lymphocytic leukemia (CLL)
• Acute myeloid leukemia (AML)
• Chronic myeloid leukemia (CML)

By Treatment Type

• Targeted drugs & immunotherapy
• Chemotherapy

By Molecule Type

• Small Molecules
• Biologics

By Mode of Administration

• Injectable
• Oral