Chronic Lymphocytic Leukemia Treatment Market Projected To Grow With Significant CAGR Over The Forec
Chronic Lymphocytic Leukemia Treatment Market: lymphocytic is a common type of leukemia of WBC in adults, it is also known as? –cell chronic lymphocytic leukemia.?-cells lymphocytes are a type of WBC, which are produced in the bone marrow and developed in lymph nodes. These cells produce antibodies which fight infection. In lymphocytic leukemia,?-cells are produced in an uncontrolled fashion and segregate in blood and bone marrow and they crowd out healthy blood cells. Majorly, lymphocytic leukemia occurs in adults, however, cases are seen in children too. lymphocytic leukemia is diagnosed by testing complete blood count, gene test, flow cytometry and bone marrow tests.
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Due to increase in the number of cases, the market for leukemia is expected to grow globally. According to WHO, leukemia is more noticeable in developed nations such as North America and Europe due to genetic factors. The global increase in the number of the leukemia patients has increased from 123,379 in 2010 to 282,683 new cases for 2020. Factors such as genetic blood disorders, excessive exposure to carcinogenic chemicals and increase in aging population are contributing to the growth of the leukemia treatment market. In addition to the above factors rising awareness, new drug development and innovation in oncology department increased R & D, and increasing incidence of comorbidities can expedite the growth of the leukemia market. However, high cost of the treatment, stringent regulatory policies can cause setback in the growth of the leukemia.
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leukemia treatment market is categorized as-
1. Drug type
- Targeted Drugs
- Purine Analogues
- Alkylating Agents
- Corticosteroids
- Other Drugs
2. Cancer type
- B-cell Chronic Lymphocytic Leukemia
- T-cell Chronic Lymphocytic Leukemia
- Natural Killer Chronic Lymphocytic Leukemia
3. Route of administration,
- Parenteral
- Oral
- Others
4. End users
Hospital Pharmacies, retail pharmacies, and online Pharmacies
Hospital Pharmacies, retail pharmacies, and online Pharmacies
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And lastly, it is divided into 5 geographical regions- North America, Europe, Latin America, the Middle East & Africa and Asia-Pacific. According to the American Cancer Society, approximately 15,000 new cases that are surfacing every year in the US. leukemia is more prominent in developed nations such as North America and Europe due to their sedentary and unhealthy lifestyle and genetic factors. The Asia-Pacific market will show considerable growth with the rise in R & D in the drug developing industries, and improving healthcare infrastructure in India and China.
Some important companies in leukemia market are Genzyme Corporation (US), Ono Pharmaceuticals Co. Ltd. (Japan), AbbVie Inc. (U.S.), Infinity Pharmaceuticals (U.S.), AstraZeneca (UK), GlaxoSmithKline Plc (UK). In 2016, USFDA approved the drug name Venetoclax for the treatment chronic leukemia by Roche with 17p chromosome deletion and in 2014 Genentech had launched the GA101/RG7159 for the leukemia treatment.
With the global market still in the nascent stage, conventionally chemo drugs are still dominating the leukemia market. For e.g. Rituximab, Imbruvica, and Idelalisib are chemotherapy drugs which are used alone or in combination for the treatment of leukemia. Collaborative agreement and co-development are being accepted for the treatment of lymphocytic leukemia. For e.g. GSK and Genmab A/S have entered into co-development and collaborative agreement for the drug Arzerra (Ofatumumab), is used extensively for the treatment of chronic leukemia.
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