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Hematology Oncology Market (COVID-19 Impact Analysis) - Size, Share, Trends, Profitable Segments Breakdown and Detailed Analysis of Current and Future Industry Figures till 2026
Hematology Oncology Market
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Market Analysis: Global Hematology Oncology Market
Global hematology oncology market is set to witness substantial CAGR in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Rising incidences of blood disorders and technological advancement in healthcare industry are the factor for the market growth.
Key Market Competitors:
Few of the major competitors currently working in the global hematology oncology market are Abbott Laboratories; Bio-Rad Laboratories, Inc.; Danaher; F. Hoffmann-La Roche Ltd; Novo Nordisk A/S; PerkinElmer Inc; Thermo Fisher Scientific Inc; AbbVie Inc; Astellas Pharma Inc.; AstraZeneca; Bristol-Myers Squibb Company; CELGENE CORPORATION; Johnson & Johnson Services, Inc; Merck & Co., Inc.; Novartis AG; Pfizer Inc.; Boule; Sysmex Corporation; Beckman Coulter, Inc; among others.
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Market Definition: Global Hematology Oncology Market
Hematology is the diagnosis, prevention and treatment of blood and bone marrow disorders as well as hemostatic, immunological, and vascular systems. Oncology is that branch of medicine which deals with the treatment and diagnosis of cancer. Hematology is widely used in applications such as cancer, cardiovascular diseases, blood screening, diabetes and other. Oncology is used in three major areas such as medical, surgical and radiation. Hormonal therapy, targeted therapy, chemotherapy, and immunotherapy are some of the common oncology drug class type. Hematology oncology encompasses disorders such as anemia with hemophilia, iron deficiency, thalassemias, leukemias, sickle cell disease, and lymphomas, as well as other organ cancers.
Segmentation: Global Hematology Oncology Market
Hematology Oncology Market : By Device Type
Handheld Device
Bench-Top Device
Hematology Oncology Market : By Technology
Ion-exchange HPLC
Enzymatic Assay
Affinity Binding Chromatography
Turbidimetric Inhibition Immunoassay
Other
Hematology Oncology Market : By End- User
Hospital
Homecare
Diagnostic Laboratory
Hematology Oncology Market : By Test Type
HbA1c Laboratory Testing
Hb1Ac Point of Care Testing
Hematology Oncology Market : By Geography
North America
Europe
Asia-Pacific
South America
Middle East and Africa
Key Developments in the Hematology Oncology Market :
In January 2019, Aurobindo Pharma announced the acquisition of seven marked injectable products from Spectrum Pharmaceutical. With this acquisition company will enter into the oncology market and provide different products to their customers. This acquisition will help the company to enhance their revenue generation and diversify their business
In May 2018, Eli Lilly announced the acquisition of Armo BioSciences and AurKa Pharma so they can enhance their cancer treatment portfolio. AurKa Pharma's acquisition extends the company’s portfolio with a promising oncology compound targeting a distinct pathway through the cell cycle and Armo Biosciences will help the company to provide treatment for different types of cancers
Hematology Oncology Market Drivers :
Growing aging population will accelerate the market growth
Rising collaboration between pharmaceutical companies also acts as a market driver
Increasing healthcare expenditure is another factor boosting the growth of this market
Rising cases of blood disorders will accelerate the market growth
Hematology Oncology Market Restraints :
High cost of the cancer drugs will hamper the market growth
Harmful effects of cancer drugs will also restrict the growth of this market
Reasons to Purchase this Report :
Current and future of global hematology oncology market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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