Market Research Future (MRFR)’s observation unfolds that the Global Chronic Lymphocytic Leukemia Treatment Market was valued at USD 7.9 Bn in 2018 and is projected to mark a double-digit CAGR of 19% over the assessment period 2018 to 2023.
Chronic Lymphocytic Leukemia (CLL) affects the blood and bone marrow. The diseases are chronic in the sense that it keeps on progressing gradually. The demand for effective treatments to control the diseases is expected to increase drastically in the years to come.
Older adults are more prone to CLL, and their rising population is likely to intensify the need for efficient treatments over the next few years. This, in turn, is prognosticated to encourage massive investments in the chronic lymphocytic leukemia treatment market in the upcoming years, Thus, supporting market expansion. The statistical data published by the World Health Organization (WHO) throws light on the exponential geriatric population. It reveals that the population of older adults is estimated to reach a 2 billion mark by 2050.
Increasing investments in research & development are the need of the hour. The focus is on the development of advanced treatments. It is expected to expedite revenue creation for the players of the chronic lymphocytic leukemia treatment market in the foreseeable future. On the other hand, high cost of the treatment is prognosticated to check the proliferation of the global market in the nearby future.
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Hoffmann-La Roche Ltd, AstraZeneca, and GlaxoSmithKline plc are few of the major players contributing to the development of the global chronic lymphocytic leukemia treatment market. Other players profiled in this MRFR report for presenting a detailed analysis of the market share are CELGENE CORPORATION, Teva Pharmaceutical Industries Ltd., Genmab A/S, Genentech, Inc., AbbVie Inc., Genzyme Corporation, Gilead, Johnson & Johnson Services, Inc., Novartis AG, ONO PHARMACEUTICAL CO., LTD., Inc., Ziopharm Oncology, Inc., and TG Therapeutics.
August 2019: The FDA has recently granted a breakthrough therapy designation to acalabrutinib as monotherapy for adults who are suffering from chronic lymphocytic leukemia. The agent is also evaluated for treating blood cancers like CLL, follicular lymphoma, diffuse large B-cell lymphoma, multiple myeloma, and Waldenström macroglobulinemia.
Segments for Global Chronic Lymphocytic Leukemia Treatment Market
The chronic lymphocytic leukemia treatment market has been segmented on the basis of treatment, type, and end user.
By type, the market is segmented into indolent CLL and aggressive CLL.
Based on the treatment, the market is segmented into targeted drug therapy, chemotherapy, bone marrow transplant, and immunotherapy. Of these, targeted drug therapy and immunotherapy are likely to emerge as prominent treatments. The soaring demand for targeted drugs has led to the growth of the segment. Targeted drugs are extensively used due to their low side effects and higher success rates and efficacy when compared to chemotherapy.
The end users segment constitutes of diagnostic laboratories, hospitals & clinics, research institutes, and others. Of these, the hospitals and clinics segment is likely to gain prominence due to the availability of advanced treatment in hospitals and favorable reimbursement policies.
Regional Analysis for Global Chronic Lymphocytic Leukemia Treatment Market
Geographically, the chronic lymphocytic leukemia treatment market spans across Europe, the Americas, Asia Pacific, and the Middle East & Africa.
Considering the global scenario, the chronic lymphocytic leukemia treatment market is considered to be dominated by the Americas, mainly due to the surging cases of leukemia and the existence of major market players in the region. Over the past few years, there has been tremendous growth in cell-based research activities. The surging research in the field of regenerative medicine for treating leukemia has resulted in the market growth.
Europe bags the second spot, and the regional growth is credited to the increasing R&D activities in the field of leukemia. Massive spending on healthcare, sound healthcare infrastructure, and increased awareness regarding relapse of chronic lymphocytic leukemia and its related treatments are predicted to contribute to the regional market’s growth. The surging use of advanced healthcare equipment, availability of reimbursement policies, and increased adoption of latest technologies are among the major factors likely to accelerate the market’s growth in Europe.
Meanwhile, the Asia Pacific is predicted to expand at the fastest rate due to the mounting demand for treatment of the disease and surging prevalence of leukemia in the region. The hike in R&D activities, coupled with the presence of profitable markets in countries like India, China, Japan, and the Republic of Korea will accelerate the demand from the market. The surging cases of leukemia and its associated treatment options have further led to the expansion of the market.
LIST OF TABLES:
Table 1 Global Chronic Lymphocytic Leukemia Treatment (CLL) Market Synopsis, 2018–2023
Table 2 Global Chronic Lymphocytic Leukemia Treatment (CLL) Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Chronic Lymphocytic Leukemia Treatment (CLL) Market, By Region, 2018–2023(USD Million)
Table 4 Global Chronic Lymphocytic Leukemia Treatment (CLL) Market, By Type, 2018–2023 (USD Million)
Table 5 Global Chronic Lymphocytic Leukemia Treatment (CLL) Market, By Treatment, 2018–2023 (USD Million)
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LIST OF FIGURES:
Figure 1 Research Process
Figure 2 Market Structure For Global Chronic Lymphocytic Leukemia Treatment (CLL) Market
Figure 3 Market Dynamics For Global Chronic Lymphocytic Leukemia Treatment (CLL) Market
Figure 4 Global Chronic Lymphocytic Leukemia Treatment (CLL) Market Share, By Type, 2017
Figure 5 Global Chronic Lymphocytic Leukemia Treatment (CLL) Market Share, By Treatment, 2017
Figure 6 Global Chronic Lymphocytic Leukemia Treatment (CLL) Market Share, By End User, 2017
Figure 7 Global Chronic Lymphocytic Leukemia Treatment (CLL) Market Share, By Distribution Channel, 2017
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