The clinical condition an in which an increased number of abnormalleucocytesor generally called white blood cells of malignant characteristic is calledleukemia. Frequent infections, fever with chills and fatigue are early signs ofleukemia. Acute, chronic,lymphocytic, andmyelogenousleukemiasare classified underleukemia. Cancer statisticscenterof American Cancer Society estimates 61780 new cases ofleukemiain 2019. Treatment for such a malicious disease requires intense therapeutic attention. Therefore, the need for accurate treatment in the rising population ofleukemiapatients is the major factor impelling the globalleukemiatherapeutics market growth. The traditional therapies involved in the treatment ofleukemiaare chemotherapy, biological therapy, targeted therapy, radiation therapy, and stem cell transplant. The complex pathology ofleukemiademands advancements in medical infrastructure for treatment. Hence, letting the market key players immense opportunity to invest in research and development and bring forth innovation in theleukemiatherapy. This generates a lead for clinical researchers to investigate better drug administration methods. Efforts which are being made to deliver more effectiveleukemiatherapies is likely to trigger theleukemiatherapeutics market growth.
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However, on the flip side, the high cost of existingleukemiatherapies and investment required for developing new therapies is curbing theleukemiatherapeutics market expansion.
Globalleukemiatherapeutics market is expected to grow significantly over the forecast period. It is anticipated that the market held the value of USD 10.7 billion in 2017 and is projected to grow at a CAGR of 5.3% during the assessment period predicts Market Research Future (MRFR).
The globalleukemiatherapeutics market has been segmented into type, applications, and region.
Based on type, theleukemiatherapeutics market is segmented into chemotherapy, biological therapy, targeted therapy, radiation therapy, and stem cell transplant. The Chemotherapy segment which is anticipated to grow with the highest CAGR is further sub-segmented intoalkylatingagents,antimetabolites,antitumorantibiotics, and others.
Based on applications, theleukemiatherapeutics market is segmented into acutelymphocyticleukemia, acutemyelogenousleukemia, chroniclymphocyticleukemia, chronicmyelogenousleukemia, and others.
Based on region theleukemia therapeutics marketis segmented into North America, Europe, Asia-Pacific, and the Middle East & Africa. The Europeanleukemiatherapeutics market has been segmented into Western Europe and Eastern Europe. The Western Europe segment is further divided into Germany, France, the UK, Italy, Spain, and the rest of Western Europe. Theleukemiatherapeutics market in Asia-Pacific has been further divided into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific.
LeukemiaTherapeutics MarketRegional analysis
Reputed companies in North America manufacturing innovative and effective leukemic therapeutics is anticipated to bea majorforce allowing North America to dominate theleukemiatherapeutics market Growing numbers ofleukemiapatients in the European region is likely to drive theleukemiatherapeutics market in Europe in the upcoming years. Where theleukemiatherapeutics market in the Asia-Pacific region is likely to grow at a rapid rate, the Middle East & Africa is expected to show stagnancy in the market proliferation.
LeukemiaTherapeutics Industry Update
April 2019: Innovative Cellular Therapeutics (ICT), a clinical stage biotechnology company has achieved promisingpreclinicaland clinical results in late-stageleukemiaand lymphoma with novel CAR-T constructs. ICTCAR003, targets CD19 for the treatment of B-cell acutelymphoblasticleukemia.
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