Press release
Acute Myeloid Leukemia (AML) Biomarker Testing Market to witness consistent growth in next 5 years
Acute myeloid leukemia (AML) is cancer that initiates inside bone marrow and affects the whole blood. Acute myeloid leukemia (AML) is not just a single disease but a group of leukemias that develops in the myeloid cell line in the bone marrow. Acute myeloid leukemia (AML) occurs due to overproduction of immature white blood cells often known as myeloblast or leukemic blast. Cancer develops from cells that would normally turn into white blood cells.
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The myeloblast gathers in the bone marrow, preventing it from making normal blood cells. This results in disturbing the growth of other blood cells in the body leading to weaker immunity. The pathophysiology of acute myeloid leukemia (AML) is just beginning to be understood at the molecular level, and currently, biomarkers markers are the most important for risk stratification and treatment of acute myeloid leukemia (AML) patients.
Market Segmentation:
By Biomarker Type
• Genetic Acute Myeloid Leukemia (AML) Biomarker
o FLT3
o NPM1
o TP53
o MU-AML
o others
• Epigenetic Acute Myeloid Leukemia (AML) Biomarker
o IDH1/2
o TET
o DNMT3A
• Proteomic Acute Myeloid Leukemia (AML) Biomarker
o HNRH1
o CALR
o FIBA
o HSP
By End User
• Hospitals
• Cancer diagnostic Centers
• Research Institutes
• Others
Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
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On the basis of biomarker type, genetic acute myeloid leukemia (AML) biomarker is expected to registers the largest revenue share in acute myeloid leukemia (AML) biomarker testing market as many leading manufacturing companies have launched genetic biomarker testing products in the market. Whereas, among end users, cancer diagnostic centers is anticipated to register the highest growth rate over the forecast period.
Geographically, global acute myeloid leukemia (AML) biomarker testing market is segmented into five key regions viz. North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. North America is projected to be a major market for acute myeloid leukemia (AML) biomarker testing market owing to rise in prevalence of cancer. It was reported by the American Cancer Society (ACS), that in 2017, it is estimated that 1,688,780 new cancer cases are diagnosed and 600,920 cancer deaths in the U.S. alone.
Europe is expected to hold second largest share in global acute myeloid leukemia (AML) biomarker testing market due to due to increasing research and development activities to diagnose and treat acute myeloid leukemia (AML). APAC acute myeloid leukemia (AML) biomarker testing market is expected to be fastest growing market due to increase in demand for the non-invasive techniques in diagnosis and prevention of cancer, the high prevalence of cancer conditions in the region.
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Some of the players identified in the global acute myeloid leukemia (AML) biomarker testing market are Abbott Laboratories, Novartis AG, Thermo Fisher Scientific, Cancer Genetics Inc., Sysmex Corporation, Epigenomics AG, bioMérieux SA, Skyline DX B.V., etc. among others.
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