The blood cancer treatment market size is projected to be valued at US$ 5,935.9 million in 2023 and is expected to rise to US$ 15,735.3 million by 2033. The sales of blood cancer treatment are projected to thrive at a significant CAGR of 10.2% during the forecast period.
Growth is attributed to the increasing involvement of key and prominent companies in the research and development of blood cancer (leukemia, non-Hodgkin lymphoma, Hodgkin lymphoma, multiple myeloma) treatment across the globe.
Blood cancer (leukemia, non-Hodgkin lymphoma, Hodgkin lymphoma, multiple myeloma) is a general term used for the cancers that affect the blood, bone marrow, or lymphatic system. Most of these cancers start in the bone marrow where blood cells (RBC, WBC, and platelets) are produced from bone marrow stem cells.
In cancerous conditions, the differentiation of bone marrow stem cells is interrupted to produce abnormal blood cells which hamper the normal functioning of the blood. There are 4 types of blood cancer such as leukemia, Hodgkin lymphoma (HL), non-Hodgkin lymphoma (NHL), and multiple myeloma. Factors that are expected to augment the blood cancer treatment market growth in the forthcoming years are:
Strong costs attributed to certain therapeutics in the blood cancer treatment market are one of the key factors that are expected to hamper the market growth in certain emerging regions over the analysis period.
| Attributes | Details |
|---|---|
| Blood Cancer Treatment Market Estimated Size (2023) | US$ 5,935.9 million |
| Blood Cancer Treatment Market CAGR (2023 to 2033) | 10.2% |
| Blood Cancer Treatment Market Forecasted Size (2033) | US$ 15,735.3 million |
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The high incidence rate of blood cancers in the United States of America (leukemia-13.0, NHL-19.8, HL-2.7, myeloma-6.7 cases per 100,000 population in 2014) is one of the leading factors for the growth of the blood cancer treatment market in the United States. In addition, advancements in technology, personalized medicine, and cost-effective treatment procedures are a few other factors that are expected to fuel the growth of the global blood cancer treatment market during the forecast period.
The increasing involvement of key and prominent companies in research and development is leading to strong pipeline candidates, which is another factor that is anticipated to boost the growth of the blood cancer treatment market over the analysis period.
Many biopharmaceutical market players like Spectrum Pharmaceuticals and Amgen, are showing an increasing interest in the development of new products. Also, this increasing interest in treatment products is due to the increasing number of individuals suffering from blood cancer. For instance,
Kura Oncology is conducting a clinical trial for a pipeline candidate called tipifarnib for the disease indication of peripheral T-cell lymphoma. Currently, the clinical trial is in Phase II and received the fast-track designation from the FDA in March 2020. This factor is anticipated to further drive the growth of the blood cancer treatment market during the forecast period.
The divergent nature of blood cancers and increasing stringency in the regulatory requirements are some of the significant factors that are expected to impede the growth of the blood cancer treatment market over the analysis period.
There are firm factors that are restraining the adoption of therapeutics used in blood cancer treatment. The significant limiting factor restraining the growth includes the lower lymphoma treatment rates in emerging countries. This is attributed to the high costs of therapies. This results in a limited number of individuals undergoing this treatment, and a large number of these patients are not able to afford treatments such as immunotherapies.
Most of the time, the cost of such products is not accessible and affordable to poor patients. In addition, the unavailability of suitable payment plans for the treatment of these diseases is another key factor that is anticipated to hinder market growth in the forthcoming years.
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By specifically targeting molecular abnormalities and genetic mutations involved in the growth and progression of cancer cells, targeted therapy offers a precise and effective approach compared to traditional chemotherapy. This approach has gained prominence in the blood cancer treatment market due to its ability to provide high response rates and improved survival outcomes for patients.
Healthcare professionals can identify specific molecular targets in individual patients, allowing for personalized treatment strategies with advancements in genetic profiling and molecular diagnostics. Further, ongoing research and clinical trials continue to expand the applications of targeted therapy, leading to the development of novel agents and combination approaches.
Blood cancer is a complex condition that requires specialized medical care, including diagnosis, treatment, and follow-up monitoring. Hospitals play a crucial role in providing comprehensive healthcare services to patients with blood cancer.
Hospitals provide a range of treatment options for blood cancer, depending on the stage and severity of the disease. These treatments may include conservative measures such as pain management, physical therapy, and lifestyle modifications. In many advanced cases, surgical interventions, such as joint-preserving procedures or joint replacement surgeries, may be performed.
Hospitals serve as centers for research and innovation in blood cancer treatment. They contribute to the development of new treatment modalities, clinical trials, and advancements in surgical techniques aimed at improving patient outcomes.
In terms of regional platforms, North America holds a significant market share in the blood cancer treatment market. The region is expected to accumulate a 38.2% market share in 2022. Further, there has been a tremendous increase in cell-based research activities over the past decade.
Increasing research in the field of regenerative medicine for the treatment of leukemia and growing awareness of personalized medicine have also resulted in the growth of this market. In addition to it, the growth in this market is driven by the high prevalence and incidence of leukemia and the rising geriatric population. According to the Leukemia & Lymphoma Society, an estimated 381,774 people are living with or in remission from leukemia in the United States of America.
The government of Canada is taking various initiatives to support leukemia research and develop novel immunotherapies. For instance,
According to Future Market Insights, Europe is expected to hold a significant growth opportunity for blood cancer treatment and reached a share of 28.7% in 2022. The second most dominant market is expected to be Europe in the forecast period, and the reasons for the region’s high share include the high number of individuals requiring treatment arising from the region and also the high usage of advanced therapeutics.
A few more factors that are expected to escalate the growth of the blood cancer treatment market during the forecast period are:
Constant research and development by key market players in the form of clinical trials for new drug candidates for lymphoma treatment have also boosted the market in the region.
According to Future Market Insights, Asia-Pacific is expected to grow with significant growth opportunities for the blood cancer treatment market which accounted for a significant share of 24.2% in 2022. Further, the key reasons for the region’s growth which together are estimated to drive the market growth during the forecast period include:
The blood cancer (leukemia, non-Hodgkin lymphoma, Hodgkin lymphoma, multiple myeloma) treatment market in the region is predicted to experience growth in the future due to increasing demand for lymphoma therapeutic products and increasing burden of various forms of lymphoma during the forecast period,
According to Future Market Insights, the Middle East & Africa are expected to provide significant growth opportunities for the blood cancer treatment market and reached a share of 12.8% in 2022.
The strong economic growth prospects in the region are one of the key factors that are expected to propel the growth of the blood cancer treatment market over the analysis period. Moreover, the market is expected to develop in the future due to increasing healthcare expenditure and rising demand for advanced therapeutics by the patient population for this treatment in the region.
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Some of the key participants present in the global blood cancer treatment market are:
Attributed to the presence of such a high number of participants, the market is highly competitive. While global players such as Takeda Pharmaceutical Company Limited, AstraZeneca, Bayer AG, and Novartis AG, account for a considerable market size, several regional-level players are also there operating across key growth regions, particularly in North America.
Recent Developments
| Attributes | Details |
|---|---|
| Growth Rate | CAGR of 10.2% from 2023 to 2033 |
| Base Year of Estimation | 2023 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ billion and Volume in Units and F-CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, growth factors, Trends, and Pricing Analysis |
| Key Segments Covered | Application, End User, By Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; The Middle East & Africa; Oceania |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, Italy, France, The United Kingdom, Spain, Russia, China, Japan, India, GCC Countries, Australia |
| Key Companies Profiled | Novartis Pharmaceuticals; Merck & Co. Inc.; Bristol-Myers Squibb Company; AbbVie Inc.; Johnson & Johnson Pvt. Ltd.; Celgene Corporation; Amgen Inc.; Teva Pharmaceutical Industries Ltd.; Bayer AG; Pfizer Inc.; Takeda Pharmaceutical Co. Ltd. |
| Customization & Pricing | Available upon Request |
The healthcare industry is the primary consumer of blood cancer treatment.
The healthcare industry is poised to stay attractive, projecting a US$ 15 billion market by 2033.
The market is estimated to secure a valuation of US$ 5.9 billion in 2023.
The oncology sector holds high revenue potential in the blood cancer treatment market.
The key players in the Blood Cancer Treatment Market are Novartis Pharmaceuticals, Merck & Co. Inc., Bristol-Myers Squibb Company, AbbVie Inc., and Johnson & Johnson Pvt. Ltd.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033 5.3.1. Biological/Immunotherapy Applications 5.3.2. Chemotherapy 5.3.3. Radiation Therapy 5.3.4. Targeted Therapy 5.3.5. Stem Cell Transplantation 5.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By End User, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2023 to 2033 6.3.1. Hospitals 6.3.2. Clinics 6.3.3. Cancer Rehabilitation Centers 6.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 7.3.1. North America 7.3.2. Latin America 7.3.3. Western Europe 7.3.4. Eastern Europe 7.3.5. South Asia and Pacific 7.3.6. East Asia 7.3.7. Middle East and Africa 7.4. Market Attractiveness Analysis By Region 8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 8.2.1. By Country 8.2.1.1. USA 8.2.1.2. Canada 8.2.2. By Application 8.2.3. By End User 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By Application 8.3.3. By End User 8.4. Key Takeaways 9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By Application 9.2.3. By End User 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Application 9.3.3. By End User 9.4. Key Takeaways 10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. UK 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Western Europe 10.2.2. By Application 10.2.3. By End User 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Application 10.3.3. By End User 10.4. Key Takeaways 11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Poland 11.2.1.2. Russia 11.2.1.3. Czech Republic 11.2.1.4. Romania 11.2.1.5. Rest of Eastern Europe 11.2.2. By Application 11.2.3. By End User 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Application 11.3.3. By End User 11.4. Key Takeaways 12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Bangladesh 12.2.1.3. Australia 12.2.1.4. New Zealand 12.2.1.5. Rest of South Asia and Pacific 12.2.2. By Application 12.2.3. By End User 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Application 12.3.3. By End User 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Application 13.2.3. By End User 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Application 13.3.3. By End User 13.4. Key Takeaways 14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. GCC Countries 14.2.1.2. South Africa 14.2.1.3. Israel 14.2.1.4. Rest of MEA 14.2.2. By Application 14.2.3. By End User 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Application 14.3.3. By End User 14.4. Key Takeaways 15. Key Countries Market Analysis 15.1. USA 15.1.1. Pricing Analysis 15.1.2. Market Share Analysis, 2022 15.1.2.1. By Application 15.1.2.2. By End User 15.2. Canada 15.2.1. Pricing Analysis 15.2.2. Market Share Analysis, 2022 15.2.2.1. By Application 15.2.2.2. By End User 15.3. Brazil 15.3.1. Pricing Analysis 15.3.2. Market Share Analysis, 2022 15.3.2.1. By Application 15.3.2.2. By End User 15.4. Mexico 15.4.1. Pricing Analysis 15.4.2. Market Share Analysis, 2022 15.4.2.1. By Application 15.4.2.2. By End User 15.5. Germany 15.5.1. Pricing Analysis 15.5.2. Market Share Analysis, 2022 15.5.2.1. By Application 15.5.2.2. By End User 15.6. UK 15.6.1. Pricing Analysis 15.6.2. Market Share Analysis, 2022 15.6.2.1. By Application 15.6.2.2. By End User 15.7. France 15.7.1. Pricing Analysis 15.7.2. Market Share Analysis, 2022 15.7.2.1. By Application 15.7.2.2. By End User 15.8. Spain 15.8.1. Pricing Analysis 15.8.2. Market Share Analysis, 2022 15.8.2.1. By Application 15.8.2.2. By End User 15.9. Italy 15.9.1. Pricing Analysis 15.9.2. Market Share Analysis, 2022 15.9.2.1. By Application 15.9.2.2. By End User 15.10. Poland 15.10.1. Pricing Analysis 15.10.2. Market Share Analysis, 2022 15.10.2.1. By Application 15.10.2.2. By End User 15.11. Russia 15.11.1. Pricing Analysis 15.11.2. Market Share Analysis, 2022 15.11.2.1. By Application 15.11.2.2. By End User 15.12. Czech Republic 15.12.1. Pricing Analysis 15.12.2. Market Share Analysis, 2022 15.12.2.1. By Application 15.12.2.2. By End User 15.13. Romania 15.13.1. Pricing Analysis 15.13.2. Market Share Analysis, 2022 15.13.2.1. By Application 15.13.2.2. By End User 15.14. India 15.14.1. Pricing Analysis 15.14.2. Market Share Analysis, 2022 15.14.2.1. By Application 15.14.2.2. By End User 15.15. Bangladesh 15.15.1. Pricing Analysis 15.15.2. Market Share Analysis, 2022 15.15.2.1. By Application 15.15.2.2. By End User 15.16. Australia 15.16.1. Pricing Analysis 15.16.2. Market Share Analysis, 2022 15.16.2.1. By Application 15.16.2.2. By End User 15.17. New Zealand 15.17.1. Pricing Analysis 15.17.2. Market Share Analysis, 2022 15.17.2.1. By Application 15.17.2.2. By End User 15.18. China 15.18.1. Pricing Analysis 15.18.2. Market Share Analysis, 2022 15.18.2.1. By Application 15.18.2.2. By End User 15.19. Japan 15.19.1. Pricing Analysis 15.19.2. Market Share Analysis, 2022 15.19.2.1. By Application 15.19.2.2. By End User 15.20. South Korea 15.20.1. Pricing Analysis 15.20.2. Market Share Analysis, 2022 15.20.2.1. By Application 15.20.2.2. By End User 15.21. GCC Countries 15.21.1. Pricing Analysis 15.21.2. Market Share Analysis, 2022 15.21.2.1. By Application 15.21.2.2. By End User 15.22. South Africa 15.22.1. Pricing Analysis 15.22.2. Market Share Analysis, 2022 15.22.2.1. By Application 15.22.2.2. By End User 15.23. Israel 15.23.1. Pricing Analysis 15.23.2. Market Share Analysis, 2022 15.23.2.1. By Application 15.23.2.2. By End User 16. Market Structure Analysis 16.1. Competition Dashboard 16.2. Competition Benchmarking 16.3. Market Share Analysis of Top Players 16.3.1. By Regional 16.3.2. By Application 16.3.3. By End User 17. Competition Analysis 17.1. Competition Deep Dive 17.1.1. Novartis Pharmaceuticals 17.1.1.1. Overview 17.1.1.2. Product Portfolio 17.1.1.3. Profitability by Market Segments 17.1.1.4. Sales Footprint 17.1.1.5. Strategy Overview 17.1.1.5.1. Marketing Strategy 17.1.2. Merck & Co. Inc. 17.1.2.1. Overview 17.1.2.2. Product Portfolio 17.1.2.3. Profitability by Market Segments 17.1.2.4. Sales Footprint 17.1.2.5. Strategy Overview 17.1.2.5.1. Marketing Strategy 17.1.3. Bristol-Myers Squibb Company 17.1.3.1. Overview 17.1.3.2. Product Portfolio 17.1.3.3. Profitability by Market Segments 17.1.3.4. Sales Footprint 17.1.3.5. Strategy Overview 17.1.3.5.1. Marketing Strategy 17.1.4. AbbVie Inc. 17.1.4.1. Overview 17.1.4.2. Product Portfolio 17.1.4.3. Profitability by Market Segments 17.1.4.4. Sales Footprint 17.1.4.5. Strategy Overview 17.1.4.5.1. Marketing Strategy 17.1.5. Johnson & Johnson Pvt. Ltd. 17.1.5.1. Overview 17.1.5.2. Product Portfolio 17.1.5.3. Profitability by Market Segments 17.1.5.4. Sales Footprint 17.1.5.5. Strategy Overview 17.1.5.5.1. Marketing Strategy 17.1.6. Celgene Corporation 17.1.6.1. Overview 17.1.6.2. Product Portfolio 17.1.6.3. Profitability by Market Segments 17.1.6.4. Sales Footprint 17.1.6.5. Strategy Overview 17.1.6.5.1. Marketing Strategy 17.1.7. Amgen Inc. 17.1.7.1. Overview 17.1.7.2. Product Portfolio 17.1.7.3. Profitability by Market Segments 17.1.7.4. Sales Footprint 17.1.7.5. Strategy Overview 17.1.7.5.1. Marketing Strategy 17.1.8. Teva Pharmaceutical Industries Ltd. 17.1.8.1. Overview 17.1.8.2. Product Portfolio 17.1.8.3. Profitability by Market Segments 17.1.8.4. Sales Footprint 17.1.8.5. Strategy Overview 17.1.8.5.1. Marketing Strategy 17.1.9. Bayer AG 17.1.9.1. Overview 17.1.9.2. Product Portfolio 17.1.9.3. Profitability by Market Segments 17.1.9.4. Sales Footprint 17.1.9.5. Strategy Overview 17.1.9.5.1. Marketing Strategy 17.1.10. Pfizer Inc. 17.1.10.1. Overview 17.1.10.2. Product Portfolio 17.1.10.3. Profitability by Market Segments 17.1.10.4. Sales Footprint 17.1.10.5. Strategy Overview 17.1.10.5.1. Marketing Strategy 17.1.11. Takeda Pharmaceutical Co. Ltd. 17.1.11.1. Overview 17.1.11.2. Product Portfolio 17.1.11.3. Profitability by Market Segments 17.1.11.4. Sales Footprint 17.1.11.5. Strategy Overview 17.1.11.5.1. Marketing Strategy 18. Assumptions & Acronyms Used 19. Research Methodology
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Blood Cancer Treatment Market
