Industry Research Report : Blood Cancer Drugs Market

Showing posts with label Blood Cancer Drugs Market. Show all posts

Friday, 6 August 2021

Blood Cancer Drugs Market 2021 Key Stakeholders, Subcomponent Manufacturers, Industry Association 2027

Blood Cancer Drugs | 2021 Scope of Current and Future Industry

The global blood cancer drugs market size is expected to reach USD 89.91 billion by 2028 according to a new study by Polaris Market Research. The report “Blood Cancer Drugs Market Share, Size, Trends, Industry Analysis Report, By Blood Cancer Type (Lymphoma, Leukemia, Myeloma); By Drugs, By Treatment Type; By Region; Segment Forecast, 2021 – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Federal government funding for research has also led to a substantial development in cancer detection, prevention, diagnosis, treatment and quality of life for patients. Due to the advancements in research, more patients affected with the disease are being diagnosed at appropriate stages and successfully treated. The increasing investment in research is expected to boost growth in this market during forecast period.

The prognosis and treatment for leukemia depend on whether it is acute or chronic and the type of blood cell that is affected. The leukemia market is segmented into acute lymphoblastic leukemia, acute myelogenous leukemia, chronic myelogenous leukemia, chronic lymphocytic leukemia, acute myeloid leukemia and chronic myeloid leukemia.

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VELCADE (bortezomib) is a type of chemotherapy drug known as a targeted therapy. It is FDA approved drug for the treatment of mantle cell lymphoma and multiple myeloma. VELCADE has been widely used for number of clinical trials. As a part of clinical trials this drug has been studied in a wide range of individual, including diabetes and renal impairment. VELCADE works by slowing down and/or blocking the action of proteasomes in the cells.

Some of the drugs used to treat multiple myeloma are thalidomide (Thalomid), bortezomib (Velcade), lenalidomide (Revlimid) and corticosteroids (dexamethasone, prednisone). Though chemotherapy kills rapidly growing cancer cells, it may also destroy normal fast-growing cells such as GI tract, bone marrow, hair and mouth. Chemotherapy for leukemia may also affect the ability of bone marrow to produce sufficient number of blood cells.

North America is expected to dominate the global market over the forecast period, this is mainly due to the technological advancement, well-established healthcare infrastructure, accessibility of better treatments which has facilitated the growth of the market in this region. Also, the disease is the third most cause of deaths after lung and colon in North America, which provides as major market growth opportunity for blood cancer drugs.

The incidence rate of blood cancer in UK is 66 in every 100,000. The disease is more prevalent in males with age group between 50 and above. Another organization, the National Institute for Health and Care Excellence. provide guidelines to healthcare professionals for diagnosing the disease in children, young and adults. The organization aims to improve the healthcare facilities with better and enhanced results of diagnostics.

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Key market players in the market are Amgen Inc., Johnson & Johnson Inc., Bayer AG., Eli Lily & Co., Pfizer Inc., AstraZeneca, AbbVie Inc., Celgene Corporation, Roche Holding AG, Merck and Company, GlaxoSmithKline Pharmaceuticals Ltd., and Novartis AG.

Polaris Market Research has segmented the blood cancer drugs market report on the basis of blood cancer type, drugs, treatment type, and region:

Blood Cancer Drugs by Blood Cancer Type Outlook (Revenue – USD Million, 2016 – 2028)

Lymphoma
- Hodgkin Lymphoma
- Non-Hodgkin Lymphoma
  - B-cell Lymphoma
    - Diffuse Large B-Cell Lymphoma
    - Mantle Cell Lymphoma
    - Burkitt Lymphoma
    - Central Nervous System Lymphoma
  - T-cell Lymphoma
    - Precursor T-Lymphoblastic Lymphoma
    - Peripheral T-Lymphoma
  - Leukemia
    - Acute Myeloid Leukemia
    - Chronic Myeloid Leukemia
    - Acute Lymphoblastic Leukemia
    - Chronic Lymphocytic Leukemia
  - Myeloma

Blood Cancer Drugs by Drugs Outlook (Revenue – USD Million, 2016 – 2028)

Rituaxan/Mabthera (Rituximab)
Gleevac/Glivec (Imatinib)
Revlimid (Lenalidomide)
Velcade (Bortezomib)
Tasigna (Nilotinib)
Pomalyst (Pomalidomide)
Vidaza (Azacitidine)
Kyprolis (Carfilzomib)
Adcetris (Brentuximab Vedotin)
Others

Blood Cancer Drugs by Treatment Type Outlook (Revenue – USD Million, 2016 – 2028)

Chemotherapeutic
mAbs/Targeted Therapies
Immunotherapeutic

Friday, 2 July 2021

Blood Cancer Drugs Market 2021 Industry Outlook, Comprehensive Insights, Growth and Forecast

The global blood cancer drugs market is anticipated to reach USD 55.6 billion by 2025 according to a new report published by Polaris Market Research. The report ‘Blood Cancer Drugs Market [By Blood Cancer Type (Leukemia (Acute Myeloid Leukemia, Chronic Myeloid Leukemia, Acute Lymphoblastic Leukemia, Chronic Lymphocytic Leukemia), Lymphoma (Hodgkin Lymphoma, Non-Hodgkin Lymphoma (B-Cell Lymphoma, T-Cell Lymphoma)), and Myeloma; By Drugs (Rituaxan/Mabthera (Rituximab), Gleevac/Glivec (Imatinib), Revlimid (Lenalidomide), Velcade (Bortezomib), Tasigna (Nilotinib), Pomalyst (Pomalidomide), Vidaza (Azacitidine), Kyprolis (Carfilzomib), Adcetris (Brentuximab Vedotin), and Others); By Treatment Approaches (Chemotherapeutic, mAbs/Targeted Therapies, and Immunotherapeutic); By Region]: Market Size & Forecast, 2017 – 2025’ provides insights on the current market scenario and the future prospects.

The demand for blood cancer drug is primarily driven by growing death incidences by blood cancer, and continuous innovation for developing novel treatments with the help of several ongoing clinical trials. Moreover, increasing research and development of biological and targeted therapies as treatment will spur the blood cancer drugs market during the upcoming period. However, the high price of drugs and the stringent government policies will limit the growth of blood cancer drugs market during the forecast period.

Most of the blood cancers start in the bone marrow, where blood is produced. In blood cancer the growth of normal blood cells is dislodged by the uncontrollable growth of abnormal blood cells. These cancerous cells prevent the blood from performing many of its functions. Hence, the existing treatments of blood cancer are being the foundation for developing the new drugs. The steady flow of the blood cancer drugs has created opportunity for research and development in the existing market. For instance, Amgen Inc. received approval for BLINCYTO in July 2017, which is used in treating B-cell precursor Acute Lymphoblastic leukemia. Similarly, European blood cancer drugs market witnessed the approvals of Gazyvaro, by Roche AG that is used in treating advanced follicular lymphoma. Also, novel technologies like CAR-T are likely to be launched this year.

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The global blood cancer drugs market is segmented into blood cancer type, drugs and treatment approaches. On the basis of blood cancer type, the global blood cancer drugs market is segmented into leukemia, lymphoma and myeloma. The lymphoma segment is expected to drive the majority market of blood cancer drugs followed by leukemia. The global market of this segment is primarily driven by the increasing prevalence of lymphoma, and presence of effective treatments in the market. On the basis of drugs, the global blood cancer drugs market is further categorized into Rituaxan/Mabthera (Rituximab), Gleevac/Glivec (Imatinib), Revlimid (Lenalidomide), Velcade (Bortezomib), Tasigna (Nilotinib), Pomalyst (Pomalidomide), Vidaza (Azacitidine), Kyprolis (Carfilzomib), Adcetris (Brentuximab Vedotin), and Others. This continuous innovation for treating various sub-types of blood cancers has led to the development of novel types of treatments. For instance, the combination of Revlimid and Velcade has emerged as the preferential drugs in trials for treating multiple myeloma.

On the basis of treatment approaches the global blood cancer drugs market is further segmented into Chemotherapeutic, mAbs/Targeted Therapies, and Immunotherapeutic. Due to availability of variety of chemotherapeutic agent in the market chemotherapeutic drugs are expected to hold the higher share in blood cancer drugs market. Moreover, their effectiveness for the treatment of blood cancer and increasing number of cancer patients globally has garnered more demand for chemotherapeutic drugs throughout the world.

Geographically, the global blood cancer drugs market is segmented into North America, Europe, Asia Pacific, and the rest of the world. North America dominates the blood cancer drugs market which is followed by Europe and Asia Pacific. Favorable reimbursement policies, surge in R&D investments of various companies, as well as the increase in the number of blood cancer treatments are some of the major factors responsible for the growth of North America’s blood cancer drugs market. Moreover, Asia-Pacific region has been identified as the lucrative market for the for blood cancer drugs due to increasing awareness of the use of these drugs, increased healthcare expenditure, and rising per capita disposable income. These are some of the major factors which are influencing the growth of the blood cancer drugs in Asia-pacific region.

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The leading companies operating in this industry include Johnson & Johnson Inc., Amgen Inc., Bayer AG., Pfizer, Inc., AbbVie Inc., Roche Holding AG., Celgene Corporation, AstraZeneca, Novartis AG, GlaxoSmithKline PLC, Merck & Co., Inc., and Eli Lily & Co. among others.

Key Findings from the study suggest blood cancer drugs in the market are much innovative and manufacturers are progressively concentrating on innovation of combination drugs. Companies are in a stage of development of new drugs in order to provide novel treatments for blood cancer. The immunotherapy segment is anticipated to grow at a high growth rate over the forecast period. The growth of this segment is primarily driven by increased awareness for its use as an alternative and effective treatment for blood cancer. North America is presumed to dominate the global blood cancer drugs market over the forecast period. Asia Pacific region which shows signs of high growth potential owing to the booming economies of India, and China.