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Acute Myeloid Leukemia (AML) Therapeutics Market Intelligence Report Offers Growth Prospects
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The Acute Myeloid Leukemia (AML) therapeutics market was USD 239.3 million in 2011 and this market is forecasted to reach USD 731.1 million in 2018. Future AML therapeutics market shows unprecedented growth at a CAGR of 17.3 % from 2011 to 2018 while in the past, growth rate was only 2.9% from 2005 – 2010. The reasons behind the huge growth rate are increase in ageing population, strong products pipeline, high unmet medical needs and entry of quality products.
North America accounted for 62% sales of leukemia drugs in the therapeutics market during 2010 followed by Europe and Asia Pacific. AML therapeutics market will grow and the total growth will depend on pipeline products and metabolic inhibitors, a tyrosine kinase receptor FLT -3 of Novartis and some other capable molecules, improving the therapeutics market.
Globally the numbers of elderly people, 60 years and above are growing and it is expected that this age group will cross the 1.3 billion mark in 2017. Hence the acute myeloid leukemia therapeutics market will also grow. Many AML products are in the pipeline or in different clinical phases that will bring the change in disease treatment.
Leading market players in the acute myeloid leukemia therapeutics market accounted for almost 70-80% market share. Some big companies in the therapeutics market are Bristol-Myers Squibb, Novartis International AG, Roche, Genmab A/S, GlaxoSmithKline Pharmaceuticals Limited; in the future, manufacturing companies such as Pfizer are expected to enter this market and will hold major share.
This market research report analyzes important market segments, and major geographies. This report is a complete study of current trends in the market, industry growth drivers, and restraints. It provides market projections for the coming years. It includes analysis of recent developments in technology, Porter’s five force model analysis and detailed profiles of top industry players. The report also includes a review of micro and macro factors essential for the existing market players and new entrants along with detailed value chain analysis.
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