Leukemia Therapeutics Market Breakdown, Development and New Market opportunities & Forecasts

Leukemia Therapeutics Market Snapshot:

Leukemia therapeutics are therapies used for treating leukemia at different levels. The earlier cancer is diagnosed and treated, the better the chance of its being cured. The game-changing technological advancements in the treatment of cancer are contributing to the growth of the market. Thus, the leukemia therapeutics market is predicted to grow with a CAGR of 6.9% during the forecast period. Cancer is a public health burden. According to the World Health Organization (WHO), cancer is the second leading cause of death globally. It furthers stated that an estimated 9.6 million death, i.e., 1 in 6 deaths were reported due to cancer in 2018. The American Cancer Society, on the other hand, estimated that more than 1.7 million new cancer cases were diagnosed in America in 2019. According to Cancer Research U.K., every year 3,67,000 new cancer cases are reported in the U.K.

In cancer patients, immunotherapy plays a crucial role in maintaining the immune system as it targets infectious agents that can produce antibodies and cause cancer. Moreover, the rising preference of healthcare professionals towards immunotherapy over traditional therapeutic methods due to growing cancer cases and side-effects of present therapies is driving the immunotherapy demand.
Conclusively, growing cases of cancer globally are increasing the adoption of immunotherapy. Thus, contributing to the leukemia therapeutics market growth.

The leukemia therapeutics pipeline is anticipated to provide advanced efficacy and better patient outcomes than existing treatment methods. This is attributed to the introduction of new drug classes, monoclonal antibodies, and histone deacetylase (HDAC) inhibitors to target receptors of multiple myeloma.

In September 2020, an immuno-oncology yearly landscape update was published in Nature Reviews Drug Discovery, which demonstrated the rapid growth in immuno-oncology preclinical & clinical development. This report stated, there was a 22% rise in immuno-oncology drugs in the development pipeline from 2019-2020. The analysis also revealed a 14% rise in active clinical trials involving Immuno-oncology agents in 2020 compared to 2019.

There are several immunotherapies available in the market approved by the FDA for the prevention of cancer. In March 2020, the U.S. FDA approved Bristol Myers Squibb for the combined immunotherapy of nivolumab and ipilimumab to treat hepatocellular carcinoma.

Additionally, the approval of novel immunotherapy drug forms such as vaccines and adjuvants and PD-1 and CTLA-4 checkpoint inhibitors for melanoma and Non-Small Cell Lung Cancer, respectively, are anticipated to create immense opportunities in the coming future. Factors such as the growing adoption of immunomodulators and CAR T-cell therapy, and new approvals and ongoing trials on immunotherapy drugs to reduce adverse effects, despite the impact of the unprecedented COVID-19 crisis is contributing to the growth of the cancer immunotherapy market during the forecast period.

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The Major Prominent Players Covered in this Report:
Novartis (Switzerland)
AbbVie (US)
Bristol-Myers Squibb (US)
Hoffmann-La Roche (Switzerland)
Sanofi (France)
Pfizer (US)
Amgen (US)
Gilead Sciences (US)
Takeda Pharmaceutical (Japan)
Celgene (US)

By Type, Acute lymphocytic leukemia (ALL), Chronic lymphocytic leukemia (CLL), Acute myeloid leukemia (AML), Chronic myeloid leukemia (CML),
By Treatments, Targeted drugs & immunotherapy, Chemotherapy,
By Mode of Administration, Oral, Injectables

Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Leukemia Therapeutics in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Leukemia Therapeutics market during the forecast period 2021-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Leukemia Therapeutics and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Leukemia Therapeutics. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

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Development of Bioinformatics Tool to Aid Drug Development:
Currently, the drug discovery process within pharmaceutical companies focused on the discovery of a novel therapeutic agent and a new potential compound that modulates the activity of the identified target. Moreover, preclinical and clinical trials are a slow, often expensive, and risky process. Generally, these investigations take about 15 years and around USD 800 million to 1 billion to launch a compound on the shelf of the market. Therefore, there is a need for an effective and innovative approach to predict drug efficacy to strengthen the process of drug discovery.

The use of bioinformatic applications such as statistical algorithms can provide rationale methods for target identification, validation, and lead optimization. These tools not only help in drug discovery but also help in drug development. New technologies, such as molecular dynamics simulation, molecular docking, proteomics, and quantitative structure-activity relationship in clinical research aids in the fast and easy drug discovery process.

During preclinical investigations, the software helps in randomization to remove bias and to plan study design. Also, in clinical trials, electronic data capture, remote data capture, and electronic case report form (eCRF) this software is used to store the data. Software such as eclinical, Oracle clinical is helpful in statistical data analysis and clinical data management. After drug marketing, drug safety can be monitored by Oracle Argus or ARISg. This depicts that software can be used from the early stages of drug designing to drug development, clinical trials, and pharmacovigilance.

The growing adoption of a bioinformatics tool to improve drug development alternatives is expected to drive the growth of the market.

Key Questions Answered in The Report:
What will the Leukemia Therapeutics market growth rate?
What are the key factors driving the global Leukemia Therapeutics market?
Who are the key manufacturers in the Leukemia Therapeutics market space?
What are the market opportunities, market risk, and market overview of the Leukemia Therapeutics market?
What are sales, revenue, and price analysis of top manufacturers of the Leukemia Therapeutics market?
Who are the distributors, traders, and dealers of the Leukemia Therapeutics market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Leukemia Therapeutics Industry?
What are sales, revenue, and price analysis by regions of Leukemia Therapeutics industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Key Leukemia Therapeutics Market Trends:
- The report identifies, determines, and forecasts the Global Leukemia Therapeutics Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Leukemia Therapeutics Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Leukemia Therapeutics Market.

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