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Hematological Malignancies Drugs Market Size to Experience Exponential Growth: Key Players, Share, and Future Perspective in Focus with 13.9 % CAGR Surge by 2030
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According to the latest research by InsightAce Analytic, the global Hematological Malignancies Drugs market is valued at US$ 13.76 Billion in 2023, and it is expected to reach US$ 42.78 Billion by 2031, with a CAGR of 13.9 % during a forecast period of 2023-2031.
Cancers that damage the bone marrow, lymph nodes, and blood are hematological malignancies. The three hematological cancers include myeloma, leukemia, and lymphoma, with lymphoma being the most prevalent kind. The clinical results for blood cancers have been improved by using small molecule inhibitors, monoclonal antibodies, bispecific T cell engagers, antibody-drug conjugates, recombinant immunotoxins, and Chimeric Antigen Receptor T (CAR-T) cells, among other novel targeted therapies.
Increasing R&D efforts to create novel cancer therapies, adoption of precision medicine in the field of hematological malignancies, an increase in the number of drugs approved for the treatment of various types of hematological malignancies, and growing advancements in leukemia and lymphoma targeted therapies are just a few of the factors contributing to the growth of the hematological malignancies drugs market. The demand for this market is anticipated to increase shortly because of the rising prevalence of leukemia and lymphoma diseases. However, it is anticipated that market growth will be constrained in the next years by factors such as expensive treatment and product costs, unfavourable therapeutic side effects, unfavourable medical reimbursement regulations, and safety issues.
North America is anticipated to be the major contributor to the Hematological Malignancies Drugs market over the forecast years due to the rising rates of leukemia and lymphoma in this area and the rising R&D spending for cancer therapies. In addition, the Asia Pacific regional market is expected to register significant growth during the estimated period. The market is expected to rise due to rising financing for cancer research, a high incidence of blood cancers, and an increased demand for efficient treatments.
Major market players operating in the Hematological Malignancies Drugs market include
AbbVie Inc., Amgen Inc., Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., Gilead Sciences, Inc., GlaxoSmithKline plc, Immune-Onc Therapeutics, Inc., Johnson & Johnson Services, Inc., Merck & Co., Inc., Novartis International AG, Pfizer Inc., Sanofi S.A., Takeda Pharmaceutical Company Limited, and others.
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Recent collaborations and agreements in the market:
• In October 2021, for treating chronic myeloid leukemia (CML), Novartis received the US FDA's approval of Scemblix (asciminib) for two different indications.
• In September 2021, results from the dose-escalation portion of the Phase 1/2 EPCORE NHL-1 first-in-human (FIH) dose-escalation and cohort expansion clinical trial, which evaluated the safety and early efficacy of the investigational therapy epcoritamab (DuoBody-CD3xCD20) in patients with B-cell non-lymphoma Hodgkin's that had relapsed or been resistant to treatment, was released by AbbVie and Genma (B-NHL).
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Market Segments
Global Hematological Malignancies Drugs Market, by Drugs, 2023-2031 (Value US$ Mn)
• Monoclonal Antibodies
o Blincyto (Blinatumomab)
o Besponsa (Inotuzumab Ozogamicin)
o Lumoxiti (Moxetumomab Pasudotox)
o Mylotarg (Gemtuzumab Ozogamicin)
o Opdivo (Nivolumab)
o AiRuiKa (Camrelizumab)
o Tyvyt (Sintilimab)
o Tislelizumab
o Gazyva (Obinutuzumab)
o Zynlonta (Loncastuximab Tesirine-lpyl)
o Darzalex (Daratumumab)
o Blenrep (Belantamab Mafodotin-blmf)
o Keytruda (Pembrolizumab)
o Adcetris (Brentuximab Vedotin)
o Arzerra (Ofatumumab
• CAR-T Cell Therapy
o Tecartus (Brexucabtagene Autoleucel)
o Kymriah (Tisagenlecleucel)
o Yescarta (Axicabtagene Ciloleucel)
o Breyanzi (Lisocabtagene Maraleucel)
o Abecma (Idecabtagene Vicleucel)
Global Hematological Malignancies Drugs Market, by Pipeline Products, 2023-2031 (Value US$ Mn)
• Monoclonal Antibodies
o Teclistamab
o Iomab-B
o Ublituximab
o CS1001
• CAR-T Cell Therapy
o Ciltacabtagene Autoleucel (JNJ-68284528)
Global Hematological Malignancies Drugs Market, by Indications, 2023-2031 (Value US$ Mn)
• Leukemia
o Acute Lymphoblastic Leukemia
o Chronic Lymphoblastic Leukemia
o Acute Myeloid Leukemia
• Lymphoma
o Hodgkin's Lymphoma
o Non-Hodgkin's Lymphoma
• Multiple Myeloma
Global Hematological Malignancies Drugs Market, by Region, 2023-2031 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Hematological Malignancies Drugs Market, by Country, 2023-2031 (Value US$ Mn)
• U.S.
• Canada
Europe Hematological Malignancies Drugs Market, by Country, 2023-2031 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Hematological Malignancies Drugs Market, by Country, 2023-2031 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Hematological Malignancies Drugs Market, by Country, 2023-2031 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Hematological Malignancies Drugs Market, by Country, 2023-2031 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
To receive a comprehensive analysis of the prospects for the global Hematological Malignancies Drugs market
To receive an industry overview and future trends of the Hematological Malignancies Drugs market
To analyze the Hematological Malignancies Drugs market drivers and challenges
To get information on the Hematological Malignancies Drugs market value (US$ Mn) forecast to 2030
Significant investments, mergers & acquisitions in the Hematological Malignancies Drugs market industry
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