The North America Leukemia Therapeutics Market would witness market growth of 5.4% CAGR during the forecast period (2023-2029).
Leukemia is a specific type of blood cancer that is characterized by abnormal leukocyte cell proliferation. Either acute or chronic leukemia is the classification. When the DNA in blood cells termed leukocytes mutates or changes, it impairs the cells' capacity to regulate growth and division. Sometimes, these immune system-evading mutant cells proliferate unchecked and crowd out healthy blood cells. Adults over 55 are most likely to experience it.
Bleeding, bone pain, brushing, exhaustion, and fever are just a few of the symptoms that arise from a lack of healthy blood cells. Additionally, the treatment may combine targeted therapy, chemotherapy, and immunotherapy, depending on the needs of the patient. The need for better treatments that can enhance patient outcomes is growing as leukemia continues to be a major health concern.
Tyrosine kinase inhibitors (TKIs), which focus on particular genes or proteins implicated in leukemia cell proliferation and spread, have been developed as a result of this. More people are becoming aware of leukemia and the need for effective therapies, which has increased demand for leukemia medications including chemotherapy and targeted therapy pharmaceuticals. The regional increase in healthcare spending is also a major factor in the market's expansion. Targeted therapies are becoming more and more in demand as a result of the increased emphasis on customized care and the development of new diagnostic techniques.
Approximately 1 million new cancer cases were reported in the United States in 2019, and 599,589 people died from the disease, according to data released by the Centers for Disease Control and Prevention (CDC). For every 100,000 persons in the country, 439 new cancer cases were reported, 146 of whom died. According to the Canadian Government's Cancer Statistics, 43% of Canadian women and 45% of Canadian men will develop cancer during their lifetime. There will be an increase in the number of new cancer patients as Canada's population ages and grows. Many deaths in Canada are primarily caused by cancer. As a result, there will be significant investment prospects for the major market players in the regional market as the number of cancer patients rises.
The US market dominated the North America Leukemia Therapeutics Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $3,338.3 million by 2029. The Canada market is poised to grow at a CAGR of 7.8% during (2023 - 2029). Additionally, The Mexico market would witness a CAGR of 6.8% during (2023 - 2029).
Based on Drug Class, the market is segmented into Targeted Therapy & Immunotherapy and Chemotherapy. Based on Distribution Channel, the market is segmented into Hospital Pharmacies, Drug Store & Retail Pharmacies and Online Providers. Based on Type, the market is segmented into Chronic Lymphocytic Leukemia, Acute Lymphocytic Leukemia, Chronic Myeloid Leukemia, Acute Myeloid Leukemia and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Leukemia Therapeutics Market is Projected to reach USD 11.7 Billion by 2029, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Gilead Sciences, Inc., Bristol Myers Squibb Company, Sanofi S.A., AbbVie, Inc., Teva Pharmaceuticals Industries Ltd., Lupin Limited, Amgen, Inc., Takeda Pharmaceutical Company Limited, Pfizer, Inc. and Novartis AG.
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