Some of the major players in global leukemia therapeutics market comprise Amgen, F. Hoffmann-La Roche Ltd., Novartis International AG., Bristol-Myers Squibb, Teva Pharmaceuticals, Pfizer, Genzyme Corporation, GlaxoSmithKline plc., ARIAD Pharmaceuticals, Inc., and AbbVie Inc. among others. These players are claimed to augment the growth of leukemia therapeutics market in years to come.
According to the analysts at Zion Market Research, global leukemia therapeutics market was capitalized at almost USD 9.44 Billion in 2016 and is likely to create income of almost USD 11.97 Billion by 2022, developing at a CAGR of almost 4.1% from 2017 to 2022.
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Combination Treatment With Better Survival & Lesser Side Effects Augmenting The Development Of Global Leukemia Therapeutics Market
As per analysts at Zion Market Research, global leukemia therapeutics market is majorly boosted by developing occurrences of target disease all over the world. Other major boosting factors are the combination treatment with better survival & lesser side effects paired with development of novel agents. On the other hand, the high cost of clinical trials and combination treatments paired with potential side effects or adverse events are the major limitations that might hinder the development of the global leukemia therapeutics market. Nevertheless, elevating focus on customized medicine paired with a huge spending in anti-leukemia therapeutics research all over the world are expected to reveal the new opportunities for leukemia therapeutics market in the forecast period. In addition to this, government from government for leukemia therapeutics is set to foster the development of leukemia therapeutics market. For example, in August 2017, the Food and Drug Administration gave approval to Kymriah, the first gene treatment therapy for leukemia, boosting the leukemia therapeutics market.
North America Likely To Stay The Dominating Area In The Future For Leukemia Therapeutics Market
On the basis of type, leukemia therapeutics market has been divided into chronic leukemia, acute leukemia, and others. Acute leukemia sector is sub-classified into acute myeloid leukemia and acute lymphatic leukemia whereas chronic leukemia is sub-divided as chronic myeloid leukemia and chronic lymphatic leukemia. The leukemia therapeutics market is bifurcated into biological therapy, chemotherapy, targeted therapy, radiation therapy, and other on the basis of therapy.
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Europe, North America, Latin America, Asia Pacific, and Middle East & Africa are major regions of global leukemia therapeutics market. North America is likely to stay the dominating area in the future for leukemia therapeutics market. Demand for leukemia therapeutics was uppermost in North America particularly in the U.S. Asia Pacific is likely to be the reasonable developing area during the forecast period in leukemia therapeutics market. In addition to this, Latin America and the Middle East & Africa are also likely to exhibit modest development in the years to come for leukemia therapeutics market.
The global leukemia therapeutics market is segmented as follows:
- Biological Therapy
- Radiation therapy
- Targeted therapy
- Chronic leukemia
- Chronic lymphatic leukemia
- Chronic myeloid leukemia
- Acute leukemia
- Acute lymphatic leukemia
- Acute myeloid leukemia
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- North America
- The U.S.
- Asia Pacific
- Latin America
- The Middle East and Africa