Leukemia therapeutics market is expected to witness high growth during forecast period due to rising incidences of chronic diseases worldwide. Leukemia is identified by the spread of disease (acute and chronic) commonly caused due to exposure to radiations, unhealthy lifestyle habits and environmental factors. Increasing geriatric population base and high unmet needs regarding early diagnosis and treatment of leukemia are the key factors driving the leukemia therapeutics market. According to the report published by WHO, globally leukemia is the most common blood cancer in males, 0.0148% men and 0.009% women worldwide. Moreover, innovation in drug discovery, increasing volume of biotechnology firms and increasing investments in R&D sector are also expected to fuel growth of this market. Similarly, introduction of novel therapies with more efficiency & less side effects, metabolic inhibitors and pipeline products awaiting approvals are expected to drive the market over the forecast period. Increasing patient awareness regarding latest technological advancements in therapies, and benefits such as tolerability, efficacy & safety are the factors expected to contribute growth of this market. Ongoing research in field of molecular diagnosis is expected to lead towards availability of efficient treatments for leukemia and expected to further drive the market growth.
Segmentation of leukemia therapeutic market is done on the basis of type of disease condition, diagnosis, treatments and drugs. Leukemia therapeutic market includes type of diseases such as chronic lymphatic leukemia, acute lymphatic leukemia, chronic myeloid leukemia and acute myeloid leukemia. As of 2014, chronic myeloid leukemia dominated the overall therapeutic market owing to high prevalence rate, high drug treatment rates and rapid uptake of second generation tyrosine kinase inhibitors. Diagnosis segment of leukemia is studied with reference to CT scan, biopsy and MRI. Treatment segment market includes chemotherapy, radiation therapy, immunotherapy, surgery, targeted therapy, bone marrow transplant and stem cell therapy. For acute lymphatic leukemia radiation therapy and chemotherapy treatments were the most popularly used methods of 2014. Subtypes of acute lymphatic leukemia consist of segments such as precursor T acute lymphatic leukemia, precursor B acute lymphatic leukemia, acute biphenotypic leukemia and burkitt leukemia. Chemotherapy hyper CVAD treatment dominated the market of chemotherapy treatments in 2014. Stem cell therapy and bone marrow transplant are the emerging trends in leukemia therapeutic market and are expected to boost the market growth. Drugs used for treating leukemia are Gleevec, Sapacitabine, GA101, Vasaroxine, Tosedosat, Revlimid, Bosutinib, Vidaza, Graspa, Marqibo, Dacogen and Omapro. Gleevec was the one of the major market growth contributors in 2013.
North America was found to be the largest regional market in 2014, due to the increasing patient awareness, technological advancement, supportive government policies in terms of incentives and investments, sophisticated healthcare infrastructure are the key factors attributing for its largest share. Europe follows North America due to larger presence of products with no major patent expiration and introduction of new brands such as Tasigna, Sprycel, Arragon and Clolar. On the other hand, Asia Pacific market is expected to grow rapidly due to presence of high unmet needs in the emerging market such as China, India and Japan and increasing investments in R & D expenditures by biotechnology firms. Rapidly moving healthcare infrastructure, high market penetration rates and growing awareness levels are the factors promoting the market growth in Asia Pacific region.
Major market players operational in this market are GSK, Pfizer, Novartis AG, Roche, Celgene, Biogen, Genzyme Corporation, Eisai C., Bristol Myers Squibb Company (BMS). Companies are adopting novel growth strategies such as product launch, merger & acquisitions, product pipeline, clinical trials and collaboration & agreements, to gain competitive advantage. For example, Novartis launch tyrosine kinase receptor FLT-3 for leukemia. Pfizer adopted product expansion strategy to capture major market share, received FDA approval for its Bosulif drug for treatment of chronic myelogenous leukemia (CML).
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