Acute Myeloid Leukemia (AML) Therapeutics Market Analysis By Treatment (Chemotherapy and Hematopoietic Stem Cell Transplantation), Disease Type (Myeloblastic, Promyelocytic, Megakaryocytic) and End User, Forecast To 2023
Global Acute Myeloid Leukemia (AML) Treatment Market is expected to grow at CAGR of 5.3% and value above USD 1 Billion over the forecast period predicted by Market Research Future. This type of cancer is observing rare and progresses fast thus creating high demand for effective treatment and diagnostic options.
Acute Myeloid Leukemia can also be transferred genetically, and growing population with increased prevalence’s of cancer drive AML Treatment Market. Changing lifestyles with unhealthy habits which cause to cancer. Other key factors which are affecting the market include improving reimbursement policies and increasing number of cancer hospitals staffed with specialists to specifically treat cancers like AML. Availability of funding for research and development of treatment is expected to get various opportunities for growth. However, side effects of drugs used for treatment and effectiveness of medication are challenging the growth of the Industry. Awareness regarding actual myeloid leukemia has been observed to be increasing and is likely to increase diagnoses and growth of AML Treatment Market over the forecast period.
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Key Players
The competitive analysis of the Acute Myeloid Leukemia Treatment Market reveals key strategies used by various leading market players. Prominent players included in the report are Ambit Biosciences Corporation, Novartis AG, Sanofi, Cyclacel Pharmaceuticals Inc., Bristol Myers Squibb, Celgene Corporation, Johnson & Johnson, and Pfizer Inc.
Market Segmentation
The global acute myeloid leukemia treatment market is segmented on the basis of disease type, treatment, and region. By disease type, the market is segmented into myeloblastic, promyelocytic, megakaryocytic, erythroleukemia, myelomonocytic and monocytic
By treatment, the market is segmented into chemotherapy and hematopoietic stem cell transplantation. The chemotherapy segment is further segmented into post remission and induction.
The regional segmentation of the AML treatment market divides the globe into North America, Europe, Asia Pacific and the Middle East and Africa.
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Regional Outlook
The Asia Pacific is expected to grow at the highest CAGR during the review period due to large unmet potential present in the region. Countries such as India and China are anticipated to drive demand for AML treatment. The rapid growth in the region’s economy combined with a growing demand for advanced healthcare is expected to encourage considerable growth for the APAC.
North America accounts for the biggest share of the global market. The presence of various market-leading players and increasing investments in R&D for drug development drives the market. The region has favorable reimbursement policies and high healthcare expenditure which bring it to the forefront of the global acute myeloid leukemia treatment market. Europe follows the North American market due to a large number of hospitals present in the region combined with high disposable incomes. North America and Europe follow similar growth patterns.
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