by Global T-cell Acute Lymphoblastic Leukemia Market – Snapshot
The global T-cell acute lymphoblastic leukemia market is driven by rise in prevalence of T-cell acute lymphoblastic leukemia. The global market is projected to grow at a rapid pace during the forecast period. This is attributed to increase in cancer awareness programs and strong product pipeline.
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T-cell acute lymphoblastic leukemia (T-ALL) is a type of acute lymphoblastic leukemia, with features similar to lymphoma. It affects white blood cells called T lymphocytes. T-ALL is most common among children aged over 5 years. Treatment of this disease includes chemotherapy, radiation therapy, bone marrow transplant, targeted therapy, and immunotherapy. Rise in prevalence of T-ALL and rapid technological advancements boost the global T-cell acute lymphoblastic leukemia market. According to the American Society of Clinical Oncology (ASCO), T-cell acute lymphoblastic leukemia accounted for 15% to 20% of all acute lymphoblastic leukemia. According to a recent study, in 2017, nearly 5,970 cases of acute lymphoblastic leukemia (ALL) were reported in the U.S. About 4 in 10 cases were in adults. Moreover, increase in health care expenditure and rise in number of clinical trials are expected to fuel the global T-cell acute lymphoblastic leukemia market.
The global T-cell acute lymphoblastic leukemia market has been segmented based on treatment, end-user, and region. In terms of treatment, the global market has been classified into chemotherapy, radiation therapy, bone marrow transplant, targeted therapy, and immunotherapy. The chemotherapy treatment segment accounted for major share of the global market in terms of revenue in 2017. The segment is projected to expand at a significant CAGR during the forecast period due to its high prescription rate, wide range of products, and easy availability.
Based on end-user, the global T-cell acute lymphoblastic leukemia market has been categorized into hospitals, clinics, and others. The hospitals segment dominated the global market in 2017, and the trend is likely to continue during the forecast period. This is attributed to the increase in health care infrastructure, favorable reimbursement policies, and surge in awareness among individuals about T-ALL. Moreover, hospitals provide advanced medical treatment to treat T-cell acute lymphoblastic leukemia patients.
In terms of region, the global T-cell acute lymphoblastic leukemia market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market and is projected to gain market share by the end of 2026. The market in North America is driven by increase in incidence of T-cell acute lymphoblastic leukemia, new product approvals, strong product pipeline, and rise in health care expenditure. The T-cell acute lymphoblastic leukemia market in Asia Pacific is anticipated to grow at a rapid pace during the forecast period. Japan dominated the T-cell acute lymphoblastic leukemia market in the region. The market in India is expected to expand at a high CAGR during the forecast period.
Major players operating in the global T-cell acute lymphoblastic leukemia market include Pfizer, Inc., Novartis AG, F. Hoffmann-La Roche Ltd., Sanofi, Erytech Pharma, Inc., and Celgene Corporation. These companies have adopted the strategy of acquisition and collaboration in order to strengthen their positions in the global market.
Increasing Cases of Cancer and Leukemia to Attract Higher Revenues for T-cell Acute Lymphoblastic Leukemia Market
The increasing cases of cancer worldwide and the rising prevalence of lymphoblastic leukemia is likely to emerge as the key driver of the global T-cell acute lymphoblastic leukemia market. White blood cell acute lymphoblastic leukemia (T-ALL) is a kind of acute lymphoblastic leukemia, with highlights like lymphoma. It influences white platelets called T lymphocytes. T-ALL is generally basic among kids matured more than 5 years. Therapy of this illness incorporates chemotherapy, radiation treatment, bone marrow relocate, directed treatment, and immunotherapy. Ascend in pervasiveness of T-ALL and fast innovative progressions help the worldwide T-cell acute lymphoblastic leukemia market. Also, expansion in medical services use and ascend in number of clinical preliminaries are required to fuel the worldwide T-cell acute lymphoblastic leukemia market.
Advancement in the drug area, government drives, rising medical care consumption, flood in innovative work, and flooding number of in persistent pool are assessed to spread out the worldwide market. Request regarding therapeutics for T-cell acute lymphoblastic leukemia has developed significantly in the recent years. This brought about expansion in clinical preliminaries in ahead of schedule and late phases of prescription turn of events.
Regionwise, North America held the largest share in the past and is likely to continue so in the coming years. This is attributed to the rising rate of T-cell acute lymphoblastic leukemia, new item endorsements, solid item pipeline, and ascend in medical care consumption. The T-cell acute lymphoblastic leukemia market in Asia Pacific is expected to develop at a quick speed during the estimate time frame. Japan ruled the T-cell acute lymphoblastic leukemia market around there.
Flooding progression in innovation and R&D exercises identified with assembling methods are projected to drill the profitability of drug advancement. In any case, staggering cost related with the treatment of T-cell acute lymphoblastic leukemia is expected to control the market in the approaching years. Advancement of therapeutics requires the usage of expensive instrumentation that also grows the overall expense of therapeutics and treatment for the illness.
The global T-cell acute lymphoblastic leukemia market has been segmented as below:
by Treatment
- Chemotherapy
- Radiation Therapy
- Bone Marrow Transplant
- Targeted Therapy
- Immunotherapy
by End-user
- Hospitals
- Clinics
- Others
by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- Italy
- France
- Spain
- Rest of Europe
- Asia Pacific
- India
- China
- Japan
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Israel
- Rest of Middle East & Africa
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