The Global Market for Acute Myeloid Leukemia, 2019 to 2024 – Market to Exhibit a CAGR of 14% – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Acute
Myeloid Leukemia Market – Growth, Trends, and Forecast (2019 – 2024)”
report has been added to ResearchAndMarkets.com’s
offering.

The global acute myeloid leukemia market was valued at USD 701.6 million
in 2018, and is estimated to be valued at USD 1,539.99 million in 2024,
witnessing a CAGR of 14%.

The key factors propelling the growth of this market are high Incidence
and prevalence of acute myeloid leukemia, advancements in pharmacology
and molecular biology to promote drug development, and increasing
investments in R&D by the pharmaceutical companies.

The American Cancer Society’s estimates for leukemia in the United
States, for 2019, indicates that approximately 61,780 new cases of
leukemia and 22,840 deaths from leukemia are expected to occur in the
country. Among them, the number of new cases of acute myeloid leukemia
(AML) will be around 21,450, from which most of the population will be
adults.

In terms of mortality, the society has estimated that there will be
around 10,920 deaths due to AML, in the country. This statistics shows
that there is a huge number of people that are prone to suffer from
acute myeloid leukemia, which may directly impact the growth of the AML
market in the United States.

In addition, the global rise in the incidence of AML, along with
increased mortality due to the disease, is expected to create a huge
demand for AML therapeutics, thus, augmenting the global AML market.

Key Market Trends

Cytarabine is Expected to hold its Highest Market Share in the
Chemotherapy Segment

In the chemotherapy segment of the acute myeloid leukemia market,
cytarabine is believed to have the largest market size and is expected
to witness a CAGR of 14.3% during the forecast period.

Most of the times, surgery and radiation therapy in cancer patients
remove, kill, or damage cancer cells in a certain area, but chemotherapy
works throughout the whole body and gives better results. Chemotherapy
is necessary to kill the cancer cells that are spread (metastasized)
across different parts of the body.

On the contrary, surgery and radiation only attack or kill the tumor
that is located in a specific part. Since cancer is the disease which,
most of the times, spreads across the whole body in a short period of
time, oncologists choose to perform chemotherapy for better results.

Cytarabine is used to treat different forms of leukemia, including acute
and chronic myelogenous leukemia (AML and CML), acute lymphocytic
leukemia (ALL), and acute promyelocytic leukemia (APL). It is also used
to treat Hodgkin’s lymphoma, as well as meningeal leukemia and other
types of lymphoma (cancers found in the lining of the brain and spinal
cord).

Due to its effectiveness in the treatment of acute myeloid leukemia,
cytarabine is being widely used during chemotherapy. Organizations that
are working for cancer, such as Macmillan Cancer Support, have stated
that cytarabine is more effective for acute myeloid leukemia, which is
why the drug is used widely; therefore, this sub-segment is expected to
have a large market share in the chemotherapy segment.

North America Dominates the Market and is Expected to do Same in the
Forecast Period

North America currently dominates the market for acute myeloid leukemia
and is expected to continue its stronghold for a few more years. The
United States holds the largest share of the market. The United States
has a unique healthcare system among the developed countries.

However, the cost of hospitals is very high in the country; the
government or private insurance cover it. Most of the people opt for
private insurance as government insurance has its own limitations. The
American Cancer Society had estimated around 21,380 new cases of acute
myeloid leukemia (AML) and approximately 10,590 deaths from AML in the
United States, in 2016.

According to this society, these statistics involve a large percentage
of the adult population. The increasing number of AML patients in the
United States require proper medical procedures to increase their life
expectancy. The rising prevalence of AML in the country is the prime
factor responsible for the growth of the market in the country.

Competitive Landscape

The acute myeloid leukemia market is moderately competitive and consists
of several major players. In terms of market share, few of the major
players currently dominate the market. However, with technological
advancements and product innovations, mid-size to smaller companies are
increasing their market presence by introducing new techniques with good
results.

Companies like Novartis AG, Teva Pharmaceuticals, Pfizer, Bristol Myer
Squibb, and Sanofi-Aventis (Genzyme Corporation), hold substantial
shares in the market.

Key Topics Covered

1 Introduction

1.1 Study Deliverables

1.2 Study Assumptions

1.3 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Dynamics

4.1 Market Overview

4.2 Market Drivers

4.2.1 High Incidence and Prevalence of Acute Myeloid Leukemia

4.2.2 Advancement in Pharmacology and Molecular Biology to Promote Drug
Development

4.2.3 Increasing Investments in R&D

4.3 Market Restraints

4.3.1 Stringent Regulations on Drugs

4.3.2 Complications Related to Chemotherapy

4.4 Porter’s Five Forces Analysis

5 Market Segmentation

5.1 Chemotherapy

5.1.1 Cytarabine

5.1.2 Anthracycline Drugs

5.1.2.1 Daunomycin

5.1.2.2 Idarubicin

5.1.2.3 Mitoxantrone

5.1.3 Alkylating Agents

5.1.4 Anti-metabolites

5.1.5 Tyrosine Kinase Inhibitors

5.1.5.1 Dasatinib (Sprycel)

5.1.5.2 Imatinib (Gleevec)

5.1.6 Hormonal Therapy

5.1.7 Other Chemotherapies

5.2 Geography

5.2.1 North America

5.2.2 Europe

5.2.3 Asia-Pacific

5.2.4 Middle East & Africa

5.2.5 South America

6 Competitive Landscape

6.1 Company Profiles

6.1.1 Celegene Corporation

6.1.2 Novartis AG

6.1.3 Genmab AS

6.1.4 Eisai Co. Ltd.

6.1.5 Sanofi-Aventis (Genzyme Corporation)

6.1.6 Teva Pharmaceutical (Cephalon Inc.)

6.1.7 Pfizer Inc.

6.1.8 Bristol-Myers Squibb Company

6.1.9 Sunesis Pharmaceuticals Inc.

7 Market Opportunities and Future Trends

For more information about this report visit https://www.researchandmarkets.com/research/sz2rhq/the_global_market?w=4

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Related
Topics: Leukemia
Drugs