Acute Myeloid Leukemia Therapeutics Market Scope
Acute myeloid leukemia is the second most common type (after acute lymphoblastic leukemia) of leukemia diagnosed in infants. Approximately 15% of children from birth to 19 years of age diagnosed with leukemia have acute myeloid leukemia. The risk of acute myeloid leukemia is closely related to age. About 90% of acute myeloid leukemia are diagnosed in middle age. The incidence rate of acute myeloid leukemia is high in men and women over 50 years of age. The Acute Myeloid Leukemia Market is divided into two types namely, acute myeloid leukemia in childhood and acute myeloid leukemia in adults. Acute myeloid leukemia (AML) is a type of blood cancer that usually affects white blood cells (WBC). However, it can also occur in other types of blood-forming cells. AML is the rapid production of abnormal WBCs that accumulate in the bone marrow and affect the production of normal blood cells. AML: Acute myeloid leukemia is a serious disease and the most common leukemia in adults. According to a report by the American Cancer Society, the median age at first diagnosing AML is 64 years. With a few days without treatment, AML develops rapidly, and within a few weeks, the patient becomes seriously ill. Because of its rapid onset and harshness in nature, there is no staging system for acute myeloid leukemia (AML). The treatment of acute myeloid leukemia (AML) has changed over the past 4 decades. The drug approval process is difficult for AML (many drugs have not been approved by the USFDA, such as Laromustine, Dacogen, and Tipitarnib). Efforts have been made to introduce new therapies to the AML market.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Ambit Biosciences Corporation (United States), Celgene Corporation (United States), Bristol-Myers Squibb (United States), Novartis International AG (Switzerland), GlaxoSmithKline (United Kingdom), Cephalon Inc. (United States), Clavis Pharma ASA (United States), Eisai Co. Ltd. (Japan), Genzyme Corporation (United States), Sunesis Pharmaceuticals Inc. (United States) and Abbvie Inc. (United States) |
CAGR | % |
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Acute Myeloid Leukemia Therapeutics market throughout the predicted period.
Ambit Biosciences Corporation (United States), Celgene Corporation (United States), Bristol-Myers Squibb (United States), Novartis International AG (Switzerland), GlaxoSmithKline (United Kingdom), Cephalon Inc. (United States), Clavis Pharma ASA (United States), Eisai Co. Ltd. (Japan), Genzyme Corporation (United States), Sunesis Pharmaceuticals Inc. (United States) and Abbvie Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Astellas Pharma Inc. (Japan) and CTI Biopharma Corp (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Acute Myeloid Leukemia Therapeutics market by Type , by Application (Hospitals, Clinics and Home Care) and Region with country level break-up.
On the basis of geography, the market of Acute Myeloid Leukemia Therapeutics has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In 2021, Novartis International AG acquired Cadent Therapeutics, a biotechnology business in the clinical stages that creates medications for neurological and mental illnesses. Expanding Novartis' range of cancer and gene therapy medications, especially AML therapeutics, was the goal of the acquisition.
In 2020, a very effective COVID-19 vaccine was created in collaboration between Pfizer Inc. and the German biotech business BioNTech SE. The businesses created BNT162b2, a potential therapy for AML, using the same technique. Clinical trials for the medicine are presently underway, and the findings are encouraging.
In, August 2017 the U.S. Food and Drug Administration today approved Idhifa (enasidenib) for the treatment of adult patients with relapsed or refractory acute myeloid leukemia (AML) who have a specific genetic mutation. The drug is approved for use with a companion diagnostic, the RealTime IDH2 Assay, which is used to detect specific mutations in the IDH2 gene in patients with AML. Idhifa is a targeted therapy that fills an unmet need for patients with relapsed or refractory AML who have an IDH2 mutation. The use of Idhifa was associated with a complete remission in some patients and a reduction in the need for both red cell and platelet transfusions.
Influencing Trend:
Increasing Level of Carcinogens in the Environment and The Availability of the Treatment and Launch of Newer Drugs
Market Growth Drivers:
Rise in Awareness about the Leukemia Treatment, Increasing Number of Cancer Hospitals, Growing Population of Acute Myeloid Leukemia and A Rise in Changing Lifestyle and Family History
Challenges:
Lack of Standardized Treatment
Restraints:
Increasing Number of Stem Cell Transplant
Opportunities:
Increasing Inclination towards Therapies Such As Targeted Therapies Resulting In Low Collateral Damage and Stronger Efficacy, Rise in Advanced Healthcare Infrastructure and Need for Targeted Therapies and An Upsurge in Huge Investment for the Development of Pipeline Drugs
Key Target Audience
Providers of Acute Myeloid Leukemia Therapeutics, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users