Acute Myeloid Leukemia Market Analysis

Acute Myeloid Leukemia Market Analysis

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Based on disease type, the global acute myeloid leukemia is segmented into myeloblastic leukemia, myelomonocytic leukemia, promyelocytic leukemia, monocytic leukemia, and other leukemia types. The myeloblastic leukemia segment held the largest market share of 45.2% in 2023.

• Myeloblastic leukemia is a common type of acute myeloid leukemia. Their widespread prevalence contributes to a larger potential market. For instance, according to the National Library of Medicine, myeloblastic leukemia accounts for 45% of the total types of the AML. Similarly, the myeloblastic leukemia can be associated with specific genetic mutations or chromosomal abnormalities. Thus, identification of these genetic markers is important for both diagnosis and treatment planning, thereby escalating the growth of the market.

   

• Furthermore, treatment for myeloblastic leukemia typically involves induction chemotherapy to eliminate leukemia cells from the bone marrow. Therefore, advances in chemotherapy, targeted therapy and precision medicine is expected to contribute to significant patient outcomes. Thus, all these factors are driving the dominance of this segment.

Based on treatment type, the global acute myeloid leukemia market is classified into chemotherapy, targeted therapy, immunotherapy, and other treatment types. The chemotherapy segment held the largest market revenue of USD 1.3 billion in 2023.

• Chemotherapy works by killing rapidly dividing cells, including acute myeloid leukemia cells. This ablation of abnormal cells is crucial for resetting the bone marrow environment. Thus, it has been the choice of treatment for the patients suffering from AML. Hence, driving the growth of the market.

   

• Further, due to its efficacy and success rate in the treatment of AML, it has attained a notable position in the market. For instance, according to the National Cancer Institute, in 2023, approximately 60 – 70% of adults with AML can be expected to attain complete remission status after appropriate therapy. Therefore, chemotherapy agents can be combined with targeted therapies or other novel agents in evolving treatment strategies. As combinations are designed to improve efficacy and reduce the risk of relapse. Thus, all these factors contribute to the growth of the segment.

   

Based on route of administration, the global acute myeloid leukemia is bifurcated into parenteral and oral. The parenteral segment is expected to reach the largest market revenue of USD 3.5 billion by 2032.

• The parenteral route of administration is more efficient and faster in terms of drug action compared to other routes. It also provides the onsite monitoring. Similarly, parenteral route such as, IV administration is common in AML treatment, especially for chemotherapy drugs. This route allows for the rapid and direct delivery of medications into the bloodstream, ensuring systemic distribution throughout the body.

   

• Further, parenteral route of administration bypasses the gastrointestinal tract, which can be beneficial for patients who have difficulty taking medications orally. Thus, boosting the segmental growth.

   

Based on end-user, the global acute myeloid leukemia is segmented into hospitals & clinics, specialty centers, homecare settings, and ambulatory care centers. The hospitals & clinics segment dominated the market in 2023 and is anticipated to grow at CAGR of 9.8% over the forecast years.

• Hospitals & clinics are equipped with comprehensive facilities and specialized departments, including hematology-oncology units, where AML patients can receive integrated care. These facilities provide a range of services, from diagnosis to treatment and supportive care.

   

• Additionally, AML treatment often involves a multidisciplinary team of healthcare professionals, including hematologists, oncologists, pathologists, radiologists, and supportive care specialists. Thus, hospitals & clinics are well-suited to facilitate collaboration among these specialists to ensure comprehensive patient care. Thus, escalating the segmental growth.

In 2023, North America held a significant share of 38.4% in the global acute myeloid leukemia market.

• U.S. and Canada both comprise relatively high prevalence of AML compared to other country. Therefore, this contributes to mortality and morbidity. For instance, according to the American Society of Cancer, in 2023, about 11,310 deaths from AML occurred in U.S. alone. Thus, increasing AML cases along with significant death occurrence will spur the early diagnosis and treatment regimen, thereby augmenting the market growth.

   

• North America boasts advanced healthcare infrastructure, including state-of-the-art hospitals, research facilities, and specialized cancer treatment centers. This infrastructure supports early diagnosis, comprehensive treatment, and ongoing management of AML.

   

Such aforementioned factors are expected to propel the acute myeloid leukemia in the North American market.