Acute Myeloid Leukemia Treatment Market Information; by Disease Type (Myeloblastic, Promyeloctic, Myelomonocytic, Monocytic, Erythroleukemia, Megakaryocytic); by Treatment (Chemotherapy (Induction, Post Remission), Hematopoietic Stem Cell Transplantation) - Forecast to 2027
Market Synopsis
According to new research conducted by Market Research Future (MRFR), the global acute myeloid leukemia treatment market is predicted to accumulate a substantial market value of USD 1.2 billion, flourishing at a CAGR of 5.3% during the assessment period from 2017 to 2023.
A sedentary lifestyle and genetic variations are some of the major factors resulting in acute myeloid leukemia. The global acute myeloid leukemia treatment market 2020 is projected to secure an exponential rise during the review period owing to the increasing occurrences of acute myeloid leukemia. Factors such as constant exposure to carcinogens, such as ionizing radiation and chemicals, are projected to boost the market considerably during the evaluation period. The increasing number of hospitals, favorable reimbursement policies, more awareness, developing the healthcare infrastructure, and increased initiatives taken for R&D are other significant factors leading to the rise in the market during the forecast period.
Conversely, the severe impact of drugs on health, low cure rates of the present drugs are projected to impede the global market. However, the rising geriatric population, and increased unmet healthcare needs, along with the factors as mentioned earlier, are likely to combat the factors obstructing the market.
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Market Segmentation
The segment evaluation of the acute myeloid leukemia treatment market is done by disease type and treatment.
The disease-based segments of the global acute myeloid leukemia treatment market are promyelocytic, myeloblastic, myelomonocytic, erythroleukemia monocytic, and megakaryocytic.
The treatment based segments of the global acute myeloid leukemia treatment market are chemotherapy and hematopoietic stem cell transplantation. Chemotherapy is further segmented into post-remission and induction.
Regional Analysis
Based on geography, the worldwide acute myeloid leukemia treatment market is segmented into North America, Europe, Asia-Pacific, and the Middle East and Africa. According to the analysis, the global market is projected to be led by North America, where the US is predicted to procure the largest market share. The second position is projected to be taken by Europe, and the APAC region is estimated to be the swiftest expanding market during the evaluation period. On the other hand, the MEA region is predicted to acquire the least market share during the evaluation period.
As per the analysis, North America is estimated to dominate the global market, with the US leading the regional market. Further, the advanced healthcare sector and the presence of developed economies are likely to be some of the most significant causes driving the regional market during the review period.
Europe is anticipated to garner the second-largest market share due to the increasing prevalence of ailment in the region. Further, the increased R&D is likely to shoot the regional market with an upward trajectory.
The APAC region is projected to be the fastest-growing market due to the growing awareness of health. Further, the presence of emerging economies has escalated the expansion of the market, owing to the growing focus on developing the healthcare infrastructure. Also, the constant rise in the number of patients is likely to stimulate market growth further. In the APAC, India, and China are anticipated to play a vital role in developing the regional market by increased R&D and other profitable initiatives.
On the contrary, the MEA region is estimated to amass the least market share owing to the lack of awareness, the presence of a sluggish economy, and underdeveloped healthcare infrastructure.
Key Players
Johnson & Johnson, Pfizer Inc., Celgene Corporation, Ambit Biosciences Corporation, Cyclacel Pharmaceuticals Inc. Novartis AG and Sanofi, Bristol Myers Squibb, are some of the renowned players of the global acute myeloid leukemia treatment market.
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