According to a recent report published by Reports Monitor, Global Acute Lymphoblastic Leukemia (ALL) Therapeutics Market is estimated to grow at a significant CAGR over the forecast period.
Acute Lymphoblastic leukemia is the kind of bone marrow or blood cancer that occurs in the lymphocytes, also known as the fighter white blood cells. It can thus spread to other parts of the body such as lymph nodes, spleen, liver, and others. Acute Lymphoblastic leukemia is characterized by the overproduction of cancerous lymphoblasts. When a person is suffering from this type of cancer, there is an overproduction of lymphoblasts in the bone marrow, causing damage to the bone marrow by the limiting production of normal cells such as red blood cells (RBC) and platelets. This may cause infection, bleeding, and anemia. Cancer can spread to the spinal cord and brain.
Some of the symptoms associated with ALL are shortness of breath, paleness, weakness and fatigue, fever, paleness, loss of appetite, anemia, and swollen glands in the neck, groin, enlarged lymph nodes and others. Proper medications, such as antimicrobials, antineoplastic, antifungals are necessary immediately when the disease is detected. Also, therapies such as immunotherapy, biological, and radiation therapy are required to be taken by patients suffering from ALL, thus leading to the growth of the overall pharmaceutical market.
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Global acute lymphoblastic leukemia therapeutics market is highly driven by growing prevalence and incidence of leukemia. Also, other factors such as the increase in demand for improved cancer treatment along with the focus towards medical needs are driving the acute lymphoblastic leukemia market. Additionally, rising burden of cancer disorder among the geriatric population and increasing focus on the superior quality of life of patients are some of the important factors contributing to the growth of acute lymphoblastic leukemia therapeutics market. However, patent expiration of the antineoplastic drugs and rise in the overall healthcare expenditure are some of the major factors that might restrain the growth of the market in future.
Celgene Corporation announced a collaboration with Juno Therapeutics in June 2015, aiming at commercializing and developing unique immunotherapies for the autoimmune disorder and cancer. The therapy by Novartis AG of Chimeric Antigen Receptor, T cell therapy is a novel therapy. This therapy is in phase II of clinical trials. QIAGEN and Bristol-Myers Squibb Company announced an agreement in June 2017, to use the Next-Generation Sequencing technology to develop the gene expression profiles for oncology therapies.
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Based on the regional analysis, the global market is segmented into North America, Europe, Asia-Pacific, and LAMEA. According to The American Cancer Society, there were around 6590 new cases of ALL, out of which, 3000 were females while 3590 were male patients. The organization also states that nearly 1430 people died in the U.S. from ALL in the same year i.e. 2016.
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Major players in the market are Genzyme Corporation, Spectrum Pharmaceuticals, Inc., Erytech Pharma, Pfizer, Inc., Bristol-Myers Squibb, GlaxoSmithKline Pharmaceuticals Limited, Biogen Idec, Inc., Celgene Corporation, Sigma-Tau s.p.a. and F. Hoffmann-La Roche Ltd. among others.
This report provides analysis of the acute lymphoblastic therapeutics market that contains current industry trends, market size, market growth and demands, major players with their key strategies. It covers growth opportunities and market canvas in the coming years. The report has been made with an in-depth analysis along with inputs from the various industry experts. The research has been carried out with primary and secondary data sources and either supporting bottom-up or top-down approach.
Global Composite Testing Market Segmentation:
By Therapy Type:
•North America (U.S and Canada and rest of North America)
•Europe (Germany, France, Italy and Rest of Europe)
•Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
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