The global hematologic malignancies market is
estimated to reach USD 85.8 billion by 2025, according to a new report by Grand
View Research, Inc. Increasing incidence of hematologic malignancies and
presence of a strong product pipeline are estimated to boost the market.
Moreover, increasing number of mergers and acquisitions are also expected to
accelerate growth.
Furthermore, governments of
developing countries are spending more on healthcare and on improving
healthcare infrastructure. This is likely to reduce out-of-pocket expenditure
for patients. which is considered as one of the major factors driving the
hematologic malignancies market.
Recently it has been seen that
the government sources are taking an initiative in funding the institutes for
breakthrough oncology research. This is a major growth driver for the market as
it will support the institutes to conduct their research on a larger-scale
without any financial constraints. Federal government funding for research in
oncology has led to a substantial development in cancer detection, prevention,
diagnosis, treatment and quality of life for patients. Due to the advancement
in cancer research, more patients with cancer are being successfully treated.
The increasing investment in cancer research is expected to boost the growth of
market during forecast period
Browse full research report on Global
Hematologic Malignancies Market: http://www.grandviewresearch.com/industry-analysis/hematologic-malignancies-market
Further key findings from the report suggest:
- Multiple myeloma is expected to be one of the fastest growing segments over the forecast period owing to strong pipeline of blockbuster products
- Chronic myeloid leukemia was identified as the largest leukemia subtype in 2016 due to availability of large number of products and high number of target population
- Chemotherapy held the largest share in 2016 on the basis of therapy due to its preference as first line of therapy and wide product range
- Immunotherapy is anticipated to be the fastest growing segment and this can be attributed to lower adverse effects and higher efficiency
- North America dominated the market in 2016 owing to local presence of key players and increasing number of mergers and acquisitions
- Asia Pacific is expected to be the fastest growing region over the next decade with lucrative CAGR from 2017 to 2025 due to improving economic conditions and rising healthcare expenditure
- Some of the key players are Pfizer, Inc.; F. Hoffmann-LA Roche Ltd; Sanofi; Bristol-Myers Squibb Company; AbbVie, Inc.; Novartis AG; GlaxoSmithKline PLC; Celgene Corporation; Johnson & Johnson Services, Inc.; and Takeda Pharmaceutical Company Limited
- Most of the key players are focusing on expanding their product portfolios, development of new treatment, and acquisitions.
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/healthcare
Grand View Research has segmented
the global hematologic malignancies market on the basis of type, therapy, and
region:
Hematologic Malignancies Type Outlook (Revenue, USD
billion, 2014 - 2025)
- Leukemia
- Acute Lymphocytic Leukemia
- Chronic Lymphocytic Leukemia
- Acute Myeloid Leukemia
- Chronic Myeloid Leukemia
- Lymphoma
- Multiple Myeloma
- Others
Hematologic Malignancies Therapy Outlook (Revenue,
USD billion, 2014 - 2025)
- Chemotherapy
- Radiotherapy
- Immunotherapy
- Stem Cell Transplantation
- Others
Hematologic Malignancies Regional Outlook (Revenue,
USD billion, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- Mexico
- Middle East & Africa
- South Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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