The Infinium Global Research analyzes the Leukemia Therapeutics Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global leukemia therapeutics market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of leukemia therapeutics. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the leukemia therapeutics market during the period. The global leukemia therapeutics market is projected to grow at a CAGR of 9.2% over the forecast period of 2018-2024.
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Leukemia is the cancer of bone marrow; bone marrow is responsible for the blood cell production and it usually affects the white blood cell or leukocytes. Leukemia is caused when due to over-production of abnormal white blood cells, the part of the immune system which defends the body against infection such as invasion by bacteria, viruses, and fungi, as well as from abnormal cells and other foreign substance. According to WHO, leukemia is the most common blood cancer in males. Furthermore, national cancer institute (NCI) states that the rates of new leukemia cases have been rising on average 0.3% each year over the last 10 years. Death rates have been falling on average 1.0% each year over 2005-2014. Furthermore, in United States around 62,130 people are expected to receive the diagnostic of leukemia in 2017-2018.
Rising Occurrence of the Target Disease and High Rate of Leukemia Cases Worldwide is Anticipating the Growth of Leukemia Therapeutics Market
The ongoing investments in R&D of leukemia therapeutics and innovation in drug delivery system are the major factors driving the growth of the market worldwide. Rising occurrence of the target disease and high rate of leukemia cases worldwide is anticipating the growth of this market. Moreover, the introduction of innovative therapies with improved efficiency and less side effects are expected to fuel the market growth over the forecast period. On the other hand, high treatment cost of leukemia is likely to restrain the growth of leukemia therapeutics market. The lack of awareness about the early diagnosis among the population is likely to hamper the growth of the market. Furthermore, increasing healthcare expenditure, the government initiative, and investments for the treatments & research, and increased patient awareness about efficiency and safety, benefits of treatments and advancement in therapeutics are projected to create more opportunities for leukemia therapeutics market.
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North America is Expected to be Largest Market for Leukemia Therapeutics
Among the geographies, North America is expected to be largest market for leukemia therapeutics followed by Europe due to the technological advancement, increasing patient awareness, and compassionate government policies in terms of incentives and investments in this region. While, Asia-Pacific is expected to grow fast during the forecast period, owing to the increasing awareness about the diseases, increasing investments in R & D expenditures and growing government support in countries like China, Japan and India is likely to augment the growth in this region.
Merger & acquisitions, new product launch and collaboration & agreements are the key strategies of the leading players in this market. For instance, in 2017 Novartis received approval by FDA to launch tyrosine kinase receptor FLT-3 for leukemia.
Leukemia Therapeutics Market: Segmentation
The report on global leukemia therapeutics market covers segments such as, disease. On the basis of disease the global leukemia therapeutics market is categorized into aml, cml, all and cll.
Leukemia Therapeutics Market: Competitive Landscape
The report provides profiles of the companies in the global leukemia therapeutics market such as, Novartis, Amgen, Baxter Healthcare, F. Hoffmann-La Roche, Bayer HealthCare, Astex Pharmaceuticals, Merck, Novo Nordisk, GlaxoSmithKline and Sanofi.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the leukemia therapeutics.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.