High disease prevalence across the globe coupled with ongoing research and development is expected to stimulate market growth
Market Size – USD 31.32 billion in 2018, Market Growth – CAGR of 9.8%, Market Trends – Product launches and research for advanced hematological cancers therapeutics
According to the current analysis of Reports and Data, the global hematological cancers therapeutics market accounted for USD 31.32 Billion in 2018 and is expected to reach USD 66.34 billion by 2026, at a CAGR of 9.8 percent. Hematology Cancer Therapeutics market is majorly driven by a high incidence of blood cancer across the globe and favorable funding scenario for the research and development of therapeutics for blood cancer. In terms of region, Asia Pacific is estimated to grow at a CAGR of 10.5 % followed by North America with 9.6% percent.
Additionally, the increase in pressure has driven the market of pharmaceutical companies into the launch of new drugs, considering the upcoming patent expiries of several drugs by 2026. In line with this, key market players focus on the launch of new hematological cancers therapeutics in the market. Owing to the strong presence of pharmaceutical companies and the high prevalence of blood cancer in the region, North America is expected to dominate the hematological cancers therapeutics market during the forecast period.
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The report provides comprehensive assessment of the market covering key elements such as revenue estimations, cost analysis, import/export, production and consumption trends, CAGR, gross margin, and supply & demand patterns. It also sheds light on recent technological developments, product advancements, and research and development activities in the region.
The report examines the key players operating in the market along with their market position, market share, revenue, gross margin, and business strategies. SWOT analysis and Porter’s Five Forces Analysis are used to examine and assess the market and its players. It also covers recent mergers and acquisitions, joint ventures, collaborations, agreements, partnerships, and product launches and brand promotions.
Key companies profiled in the report include:
Roche, Celgene, Johnson & Johnson, Karyopharm Therapeutics, Siemens AG, Mindray Medical, Abbott Laboratories, Bio-Rad Laboratories, AbbVie, HemoCue AB, Sysmex, and Novartis.
Market Segmentation by Types:
- Type Outlook (Revenue, USD Million, 2016 – 2026)
- Pharmacological Therapies
- Stem Cell Transplantation
- Surgery and Radiation Therapy
- Anemia Treatment
- Thrombosis Treatment
- Neutropenia Treatment
- End User Outlook (Revenue, USD Million, 2016 – 2026)
- Clinical Laboratories
- Academic and Research Institutes
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Regional analysis covers in-depth analysis of analysis of the revenue, market share, and growth rate of the global Hematological Cancers Therapeutics market in each region for the forecast period of 2026. The report covers production and consumption rate, current and emerging trends, import/export, supply and demand, and presence of key players in each region.
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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Further key findings from the report suggest
- The market for pharmacological therapies market is projected to grow significantly and deliver a CAGR of 10.5 percent. Owing to pressure for the development of new drugs in lieu of upcoming patent expiries of several drugs by 2026, the leading market players of Hematology Cancer Therapeutics market are focusing on obtaining successful clinical trials to launch new drugs in the market
- The market for hospitals is anticipated to dominate the market with the revenue of 47.6 billion by 2026. Growth in blood cancer therapeutics market for this segment is supported by reimbursement from government as well as private bodies across the globe.
- Asia-Pacific will witness a significant rise at a CAGR of 10.5% from 2018 to 2026 in light of favorable government inclination towards the research and development related to blood cancers. Additionally, government hospital spending and infrastructure development rate across the globe has increased by 7 % during the period 2016-2017, with the majority of the new additions being derived from the Asia Pacific region.
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