Global Chronic Myelogenous Leukemia Treatment Market is segmented By Drug Type (Bosulif (Bosutinib), Gleevec (Imatinib), Iclusig (Ponatinib), Sprycel (Dasatinib), Tasigna (Nilotinib), Synribo (Omacetaxine Mepesuccinate), Asciminib, Others), By Treatment Type (Targeted Therapy, Chemotherapy, Biologic Therapy, Others), By End User (Hospitals, Clinics, Ambulatory Surgical Centers), By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031
Report Overview
The Global Chronic Myelogenous Leukemia Treatment Market is expected to grow at a high CAGR during the forecast period (2024-2031).
Chronic myeloid leukemia (CML) is a type of cancer that starts in the blood-forming cells of the bone marrow and invades the blood. This cancer majorly causes fatigue, fever, easy bleeding, infection, bone pain, anemia, and swollen spleen among the patients who are middle-aged people or older. However, it can occur in children also.
Market Dynamics
The major factors driving the growth of this market are the increasing number of researches that are carried out to identify the causes of CML cancer is expected to boost the growth of the chronic myeloid leukemia treatment market over the forecast period.
The increasing prevalence of chronic myelogenous leukaemia (CML) will drive the market growth
The increasing prevalence of chronic myelogenous leukemia (CML) drives the market growth. According to the American Cancer Society's (ACS) publication of 2019, 15% of leukemia cases are of chronic myeloid leukemia. It is estimated that about 8,990 new cases will be diagnosed with CML in 2019, and about 1,140 people will die of CML.
This statistic shows a considerable number of people prone to suffer from chronic myeloid leukemia, which may directly impact the growth of the CML market. Furthermore, the growing investments in research and development programs by biotechnology and pharmaceutical companies also boost the market growth.
The presence of a robust domain for cancer treatment will drive market growth
The presence of a solid domain for cancer treatment is expected to improve the chances of market growth. The vendors operating in the global chronic myelogenous leukemia treatment have made concerted efforts to improve their revenue index. The relation of the global chronic myelogenous leukemia treatment market to the healthcare industry is crucial for market vendors. The established vendors have succeeded by tying up with leading medical institutes and healthcare facilities. Furthermore, research and development activities in niche areas have also improved the growth stakes of the leading vendors.
It is expected that the global chronic myelogenous leukemia treatment market would witness new mergers in the years to come. This projection is based on the quest of small vendors to turn lucrative by joining hands with large and established companies. Furthermore, the global chronic myelogenous leukemia treatment market is also expected to witness the entry of new vendors in the forecast period.
Complications related to chemotherapy and stringent regulations on drugs will hamper the market
However, the complications related to chemotherapy and stringent regulations on drugs are the two major drawbacks of the market's growth. Some chemo drugs cause long-term side effects, like heart or nerve damage or fertility problems. Sometimes the side effects can last a lifetime, such as when chemo causes long-term damage to the heart, lungs, kidneys, or reproductive organs. Certain types of chemo sometimes cause delayed effects, such as second cancer that may show up many years later.
COVID-19 Impact Analysis
According to the CDC, the senior population with underlying severe therapeutic conditions, including people with chronic myelogenous leukemia, might be at higher risk for severe illness from COVID-19. According to a research article published in a famous Communications Journal in 2020, during the COVID‐19 pandemic 2020, strict measures were implemented by the government to prevent the spread of COVID-19, which adversely affected the routine monitoring of chronic myelogenous leukemia disease. Therefore, these patients were considered in the emergency category during the pandemic. Besides, the increased sales of cancer products will foster healthy growth of the market amid COVID-19.
Segment Analysis
Bosulif (Bosutinib) segment is expected to grow at the fastest CAGR during the forecast period (2021-2028)
The bosulif are expected to account for the largest share of the market. The bosulif is a prescription medicine used to treat adults who have CML. The approval of bosulif in these patients was based on molecular and cytogenetic response rates. There is an ongoing clinical study to confirm clinical benefits. Bosutinib received US FDA and EU European Medicines Agency approval in September 2012 and March 2013, respectively, to treat disease. Females who can become pregnant should have a pregnancy test before starting treatment with bosulif and should use effective birth control (contraception) during treatment with bosulif and at least two weeks after the last dose.
The chemotherapy segment is expected to dominate the chronic myelogenous leukemia treatment market, by treatment type, during the forecast period
Chemotherapy is the use of anti-cancer medications used to treatment of cancerous cells. Chemotherapy has been done for many years and is one of the most prevalent cancer treatments. In most instances, chemotherapy works by preventing the cancer cell's ability to grow or multiply. Several groups of medications work in many ways to fight cancer cells. Chemotherapy may be used alone for some types of cancer or in sequence with other treatments such as radiation or surgery. Often, a mixture of chemotherapy drugs is used to fight particular cancer. Some chemotherapy drugs are given in a specific amount depending on the type of cancer used for treatment.
While chemotherapy can be quite efficient in treating specific cancers, chemotherapy medications reach all body parts. The carcinoma cells that cause may be many side effects during therapy.
Geographical Share
North America region holds the largest market share in the global chronic myelogenous leukemia treatment market
North America region is dominating the global CML treatment market accounted for the largest market share in 2020, owing to the growing incidence of CML in the region, established healthcare infrastructure, and availability of branded drugs are some of the key factors accountable for its large share in the market. Furthermore, beneficial government initiatives and an increase in research partnerships are some drivers expected to increase the market growth. The United States holds the largest share of the market. The United States has a unique healthcare system among developed countries.
As per Cancer.net, about 10% of all leukaemia are CML. In 2015, around 8,220 people (4,610 men and 3,610 women) in the United States were diagnosed with CML. Most of these were adults, with an average age of diagnosis at 64 years. It is estimated that 1,070 deaths (570 men and 500 women) occurred this year. The American Cancer Society estimates that in 2016, about 8,220 new cases will be diagnosed with CML (4,610 in men and 3,610 in women), and about 1,070 people will die of CML (570 men and 500 women). Thus, North America is expected to retain its domination in the forecast period.
Competitive Landscape
The chronic myelogenous leukemia treatment market is moderately competitive with the presence of local as well as global companies. Some of the key players which are contributing to the growth of the market include Novartis AG, Bristol-Myers Squibb, Teva Pharmaceuticals Industries Ltd., ARIAD Pharmaceuticals, Inc., Pfizer, Inc., Hospira, Inc., CStone Pharma, JD Health, Jiangsu Hengrui Medicine Co., Ltd, Shanghai Junshi Biosciences Co., Ltd. among others. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the chronic myelogenous leukemia treatment market globally.
Chronic Myelogenous Leukemia Treatment Market Key Companies to Watch
Pfizer Inc.
Overview: Pfizer Inc. (Pfizer), incorporated on June 2, 1942, is a research-based global biopharmaceutical company. The Company is engaged in the discovery, development and manufacture of healthcare products. Its global portfolio includes medicines and vaccines. The Company manages its commercial operations through two business segments: Pfizer Innovative Health (IH) and Pfizer Essential Health (EH). IH focuses on developing and commercializing medicines and vaccines that improve patients' lives. IH therapeutic areas include internal medicine, vaccines, oncology, inflammation and immunology and rare diseases. EH includes legacy brands, branded generics, generic sterile injectable products, and biosimilars and infusion systems. EH also includes a research and development (R&D) organization, as well as its contract manufacturing business. The Company sold its products in over 125 countries.
Product Portfolio: The Company’s portfolio comprised of include internal medicine, vaccines, oncology, inflammation and immunology and rare diseases and others.
Why Purchase the Report?
- Visualize the composition of the chronic myelogenous leukemia treatment market segmentation by treatment type, drug type and end-user highlighting the key commercial assets and players.
- Identify commercial opportunities in the chronic myelogenous leukemia treatment market by analyzing trends and co-development deals.
- Excel data sheet with thousands of data points of chronic myelogenous leukemia treatment market-level 4/5 segmentation.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
The global chronic myelogenous leukemia treatment Market report would provide an access to an approx. 61 market data table, 53 figures and 180 pages.
Target Audience
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- Research Professionals
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