Chronic Lymphocytic Leukemia Treatment Market Size, Growth and Trends Analysis by Type (Indolent & Aggressive), by Treatment (Chemotherapy, Targeted Drug Therapy, Immunotherapy & Bone Marrow Transplant), by End User (Hospitals & Clinics & Others) - Forecast Till 2027
Chronic Lymphocytic Leukemia Treatment Market size was valued USD 7.9 Billion in 2017 and is expected exhibit CAGR of 19% over the forecast period (2018-2023)
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Prominent vendors of the global chronic lymphocytic leukemia market are
- GlaxoSmithKline plc
- F. Hoffmann-La Roche Ltd
- Genmab A/S
- CELGENE CORPORATION
- Genzyme Corporation
- Genentech Inc.
- Novartis AG
- Gilead
- AstraZeneca
- Johnson & Johnson Services Inc.
- TG Therapeutics Inc.
- Ziopharm Oncology Inc.
Chronic Lymphocytic Leukemia Treatment Market Boomers & Drivers
The increasing incidence of cancer globally, fast regulatory approval process, innovative drug therapy, and aggressive pipeline for chronic lymphocytic leukemia treatment drugs motivate the development of the global chronic lymphocytic leukemia market. In an article published by Apollo Hospitals, an anticipated one million cases of chronic lymphocytic leukemia are diagnosed in India each year. Cancer statistics states that, in England, one in every 155 men and one in every 260 women have chronic lymphocytic leukemia.
The surge in the aging population is an impetus for the growth of the chronic lymphocytic leukemia market. The escalating incidences of cancers in developed and developing countries such as India and Brazil are expected to improve the market growth. Chronic lymphocytic leukemia is a disease that affects a minute percentage of the population. As a small or medium number of patients create a miniature market for these drugs, it may or may not be advantageous for companies to develop drugs as recovering the research and developments of the drug expenses would be difficult due to this reason, why collaboration agreements and co-development are the critical strategies being adopted by top market players to maintain growth trajectory of the market.
In the case of point, in recent times, GlaxoSmithKline plc and Genmab A/S entered into a co-development and collaboration agreement for drug Arzerra (ofatumumab), used in the treatment of relapsed chronic lymphocytic leukemia. The other essential drivers for the chronic lymphocytic leukemia treatment market are a family history of blood disorders and extreme exposure to harmful chemicals.
Furthermore, the trend that is expected to inspire chronic lymphocytic leukemia market growth is a mount in developing a combination of drug therapies. On the contrary, strict regulatory guidelines might hamper the market growth in the forecasted period. On behalf of this, the overall high treatment cost for the therapy is another factor inhibiting the market growth. For instance, Genentech Inc (U.S.) launched GA101/RG7159 in the market back in 2014. The drug costs approximately $409,580 for patients who take them annually.
Chronic Lymphocytic Leukemia Treatment Market Segment Review
The chronic lymphocytic leukemia treatment market size is studied among the segments of type, treatment, and end-user.
The market, by the segment of type, has included indolent CLL and aggressive CLL.
The market, by the segment of treatment, has included targeted drug therapy, chemotherapy, immunotherapy, and bone marrow transplant.
The market, by the segment of end-user, has included diagnostic laboratories, hospitals & clinics, research institutes, and others.
Chronic Lymphocytic Leukemia Treatment Market Regional Aspect
Geographically, North America leads the global market. World Health Organization claims that cancer is the leading cause of death in all countries. As per the National Cancer Institute, it is predictable that in the year 2018, the U.S. surfaced about 1,735,350 new cases of cancer diagnosed, and an approximate number of 609,640 number of patients died.
The Asia Pacific grabs a considerable potential for growth for the market. Investment in research and development for novel drugs and in pharmaceutical and biotechnology companies in India, China, and Japan are the leading factors driving the growth of the market in the Asia Pacific.
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