Acute Lymphoblastic Leukemia Market to Reach US$ 3,278.8 Mn by 2026
Acute lymphocytic leukemia is the most common type of cancer affecting children. Major symptoms of acute lymphoblastic leukemia include bone pain, bleeding gums, fever, pale skin, and fatigue. It is of two types; B-cell acute lymphoblastic leukemia and T-cell acute lymphoblastic leukemia. Treatment of this disease includes chemotherapy, radiation therapy, bone marrow transplant, targeted therapy, and immunotherapy. Increasing prevalence of acute lymphoblastic leukemia is anticipated to increase the demand for therapeutics, which in turn is expected to drive the global acute lymphoblastic leukemia market. For instance, in 2017 according to National Cancer Institute, the number of new cases of acute lymphoblastic leukemia was approximately 1.7 per 100,000 population in the U.S. Moreover, increase in health care expenditure and rise in number of clinical trials are expected to fuel the global acute lymphoblastic leukemia market.
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The global acute lymphoblastic leukemia market has been segmented based on type, treatment, end-user, and region. Based on type, this market has been classified into B-cell and T-cell. The B-cell segment dominated the global market, as around 85% of the total acute lymphoblastic leukemia patients are diagnosed with B-cell acute lymphoblastic leukemia. In terms of treatment, the global market has been classified into chemotherapy, radiation therapy, bone marrow transplant, targeted therapy, and immunotherapy. The chemotherapy treatment segment accounted for a major share of the global market, in terms of revenue, in 2017. The segment is projected to expand at a significant CAGR during the forecast period, due to its high prescription rate, wide range of products, and easy availability.
Based on end-user, the global acute lymphoblastic leukemia market has been categorized into hospitals, clinics, and others. The hospitals segment dominated the global market in 2017. The trend is likely to continue during the forecast period. This is attributed to the increase in health care infrastructure, favorable reimbursement policies, and surge in awareness among individuals about acute lymphoblastic leukemia. Moreover, hospitals provide advanced medical treatment to treat acute lymphoblastic leukemia patients.
In terms of region, the global acute lymphoblastic leukemia market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market and is projected to gain market share by the end of 2026. The market in North America is driven by an increase in incidence of acute lymphoblastic leukemia, new product approvals, strong product pipeline, and rise in health care expenditure. The acute lymphoblastic leukemia market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period. Japan dominated the acute lymphoblastic leukemia market in the region. The market in India is expected to expand at a high CAGR during the forecast period.
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Major players operating in the global acute lymphoblastic leukemia market include Pfizer, Inc., Novartis AG, F. Hoffmann-La Roche Ltd., Sanofi, Erytech Pharma, Inc., Celgene Corporation, Amgen, Inc. Bristol-Myers Squibb Company, and Spectrum Pharmaceuticals, Inc. These companies have adopted the strategy of acquisition and collaboration in order to strengthen their position in the global market.
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