Press release
Rising Incidence And Mortality Rates To Drive Market Growth: Strategic Insights Driving Blood Cancer Drugs Market Momentum in 2025
Blood Cancer Drugs Market Size
How Large Will the Blood Cancer Drugs Market Size By 2025?
Recent years have seen significant growth in the size of the blood cancer drugs market. It's estimated to increase from $74.78 billion in 2024 to $80.79 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this historic growth include advancements in R&D, an aging demographic, heightened awareness and early diagnosis, and regulator approvals.
How Big Is the Blood Cancer Drugs Market Size Expected to Grow by 2029?
Expectations are high for the blood cancer drugs market to experience robust growth in the coming years. The market size is projected to increase to $106.8 billion in 2029, with an annual compound growth rate (CAGR) of 7.2%. The predicted growth during this period is largely attributed to the rising incidence of the disease, the emergence of new markets, and increased supportive care. Some of the significant trends anticipated during this forecast period include investment in research and development, adoption of combination therapies, identification of biomarkers, advancement in immunotherapy, and the development of personalized medicine.
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Which Key Market Drivers Powering Blood Cancer Drugs Market Expansion and Growth?
The surge in the blood cancer drugs market is a direct consequence of increasing death rates and the rising prevalence of blood cancer across the world. Various forms of blood cancers such as leukemia, lymphoma, myeloma, and others have differing risk factors; while some are preventable or manageable through medication, others could lead to fatalities. For example, a report by Bristol-Myers Squibb Company in November 2022 indicated that over 1.85 million new cases of blood cancer are projected to be diagnosed worldwide in 2040. This figure includes 918,872 lymphoma cases, 656,345 leukemia cases, and 275,047 myeloma cases. Furthermore, the report predicts approximately 1,100,000 deaths worldwide from blood cancer in 2040. This increasing mortality rate and the escalating numbers of blood cancer diagnoses globally act as strong stimulants for the blood cancer drugs market.
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Which Fast-Growing Trends Are Poised to Disrupt the Blood Cancer Drugs Market?
Key players in the blood cancer drugs market are concentrating their efforts on the creation of new drugs and obtaining FDA approval, in order to secure a competitive advantage. FDA approval is the official endorsement given by the U.S. Food and Drug Administration (FDA) that allows a pharmaceutical product to be marketed and sold legally within the United States. For example, Bristol Myers Squibb, a pharmaceutical firm based in the US, secured FDA approval for its first and exclusive CAR T-cell therapy for adults with recurrent or resistant chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL) in March 2024. This expedited approval permits its application in patients who have undergone at least two previous treatments, such as a Bruton tyrosine kinase inhibitor and a B-cell lymphoma 2 inhibitor. In the TRANSCEND CLL 004 trial, Breyanzi showed a complete response rate of 20% and a median duration of response of 35.3 months among responders.
What Are the Emerging Segments in the Blood Cancer Drugs Market?
The blood cancer drugs market covered in this report is segmented -
1) By Blood Cancer Type: Leukemia, Lymphoma
2) By Drugs: Rituxan Or Mabthera (Rituximab), Gleevec Or Glivec (Imatinib), Revlimid (Lenalidomide), Velcade (Bortezomib), Tasigna (Nilotinib), Pomalyst (Pomalidomide), Vidaza (Azacitidine), Kyprolis (Carfilzomib), Adcetris (Brentuximab Vedotin), Other Drugs
3) By Treatment Approaches: Key Findings, Chemotherapeutic, MAbs/Targeted Therapies, Immunotherapeutic
Subsegments:
1) By Leukemia: Acute Lymphoblastic Leukemia (ALL), Chronic Lymphocytic Leukemia (CLL), Acute Myeloid Leukemia (AML), Chronic Myeloid Leukemia (CML), Other Types of Leukemia
2) By Lymphoma: Hodgkin Lymphoma, Non-Hodgkin Lymphoma (NHL), Burkitt Lymphoma, Follicular Lymphoma, Mantle Cell Lymphoma, Other Types of Lymphoma
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Who Are the Global Leaders in the Blood Cancer Drugs Market?
Major companies operating in the blood cancer drugs market include Amgen Inc., AstraZeneca PLC, Bayer AG, Eli Lilly and Company Inc., Johnson & Johnson, Novartis AG, Pfizer Inc., AbbVie Inc., Takeda Pharmaceutical Company Limited, F. Hoffmann-La Roche Ltd., Bristol-Myers Squibb Company, Astellas Pharma Inc., Roche Holding AG, Merck & Co. Inc., Gilead Sciences Inc., Sanofi S.A., Eisai Co. Ltd., Jazz Pharmaceuticals plc, Kyowa Kirin Co. Ltd., Menarini Group, Millennium Pharmaceuticals Inc., Mundipharma International Limited, Mylan N.V., Ono Pharmaceutical Co. Ltd., Otsuka Pharmaceutical Co. Ltd., Pharmacyclics LLC, Regeneron Pharmaceuticals Inc., Seattle Genetics Inc., Servier Laboratories, Shire plc, Spectrum Pharmaceuticals Inc., Taiho Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd., Tolero Pharmaceuticals Inc., UCB S.A., Vertex Pharmaceuticals Incorporated
Which are the Top Profitable Regional Markets for the Blood Cancer Drugs Industry?
North America was the largest region in the blood cancer drugs market in 2023. Middle East is expected to be the fastest-growing region in the blood cancer drugs market during the forecast period. The regions covered in the blood cancer drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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