Press release
Hematological Malignancies Drugs Market Trends Reveal Rising Adoption of Precision Medicine and Advanced Immunotherapies Globally
Hematological Malignancies Drugs Market
The Hematological Malignancies Drugs Market Size is estimated to grow at a CAGR of 14.2% during the forecast period for 2024-2031.
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Hematological malignancies are cancers that affect the bone marrow, lymph nodes, and blood, encompassing myeloma, leukemia, and lymphoma, with lymphoma representing the most common subtype. Advances in treatment outcomes for these cancers have been driven by the development and utilization of novel targeted therapies, including small molecule inhibitors, monoclonal antibodies, bispecific T-cell engagers, antibody-drug conjugates, recombinant immunotoxins, and Chimeric Antigen Receptor T (CAR-T) cell therapies.
The growth of the hematological malignancies drug market is supported by several factors, including increased research and development activities aimed at innovative cancer treatments, the integration of precision medicine approaches in managing hematological cancers, a rising number of regulatory approvals for therapies targeting various hematological malignancies, and significant progress in targeted treatments for leukemia and lymphoma. The market demand is expected to rise in response to the growing incidence of leukemia and lymphoma. However, market expansion may face challenges due to high treatment and product costs, adverse therapeutic side effects, restrictive reimbursement policies, and safety concerns, which could limit growth in the coming years.
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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.
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, 2022-2030 (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, 2022-2030 (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, 2022-2030 (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, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Hematological Malignancies Drugs Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Hematological Malignancies Drugs Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Hematological Malignancies Drugs Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Hematological Malignancies Drugs Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Hematological Malignancies Drugs Market, by Country, 2022-2030 (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
Read Overview Report- https://www.insightaceanalytic.com/report/global-hematological-malignancies-drugs-market--/1211
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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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