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Blood Cancer Market developing Industry Impact, Emerging Technology and Future Forecast
Blood Cancer Market Analysis and Size
According to a survey by Bristol-Myers Squibb, approximately 1.85 million new cases of blood cancer will be diagnosed worldwide in 2040, with 918,872 cases of lymphoma, 656,345 cases of leukaemia, and 275,047 cases of myeloma. Furthermore, the survey predicted that by 2040, there will be around 1,100,000 fatalities worldwide owing to blood cancer.
Cancer that starts in blood-forming tissue, such as bone marrow, or in immune system cells. Leukemia, lymphoma, and multiple myeloma are examples of blood cancers. Hematologic cancer is another name for it. Drugs including bosulif, busulfan, bosutinib and busulfex are used to treat blood cancer.
Data Bridge Market Research analyses that the blood cancer market was valued at USD 43.71 billion in 2021 and is expected to reach USD 89.68 billion by 2029, registering a CAGR of 9.40% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Blood Cancer Market Dynamics
Drivers
• Introduction of monoclonal antibodies with safety profile to fight myeloma cells
The expansion of the blood cancer market is fueled by the increasing use of microRNA treatments, the rise of nanomedicine platforms, and the constant introduction of effective and safe therapeutics. With the addition of monoclonal antibodies and histone deacetylase (HDAC) inhibitors to the present therapies array, the medicines market is likely to gain traction. Because of the established clinical profile, clinicians favour biologic therapy with monoclonal antibodies such as darzalex and empliciti.
• Increasing prevalence of blood cancer
The rising prevalence of blood cancer is estimated to enhance the blood cancer market's growth rate. Blood cancer is a form of hematological cancer triggered by certain genetic defects. The disease is treated with medications that modify the immune system and assist in improving the efficacy of chemotherapies, radiation therapies, stem cell transplants, and platelet transfusions.
• Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of blood cancer market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
Furthermore, rising geriatric population and increasing number of obese population will expand the blood cancer market.
Opportunities
• Increase in the number of research and development activities
The blood cancer market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the blood cancer market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate. The introduction of monoclonal antibodies (mAbs) (including Empliciti and Darzalex) will act as major opportunity for market's growth, as they will not only provide a new therapeutic option for blood cancer patients, but they will also extend the time between relapses, extending the duration of Revlimid and Velcade therapies. Ninlaro and Kyprolis, two second-generation proteasome inhibitors, will also be available to these patients, expanding their therapy options. This will have an impact on the industry and market, which is now controlled by Revlimid, an immunomodulator, and Velcade, a proteasome inhibitor.
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Global Blood Cancer Market Scope
The blood cancer market is segmented on the basis of type, treatment, diagnosis, dosage forms, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
• Leukaemia
• Lymphoma
• Myeloma
Treatment
• Medications
• Proteasome Inhibitors
• Bortezomib
• Ixazomib
• Carfilzomib
• Histone Deacetylase (HDAC) Inhibitors
• Chemotherapy Drugs
• Bendamustine
• Etoposide
• Doxorubicin
• Liposomal Doxorubicin
• Cyclophosphamide
• Melphalan
• Vincristine
• Immunotherapy Drugs
• Lenalidomide
• Thalidomide
• Pomalidomide
• Corticosteroids
• Dexamethasone
• Prednisone
• Monoclonal antibodies
• Daratumumab
• Isatuximab
• Elotuzumab
• Radiation Therapy
• Stem Cell Transplant
• Others
Diagnosis
• Blood Tests
• Bone Marrow Biopsy
• Urine Tests
• Imaging Tests
• X-ray
• Magnetic resonance imaging (MRI)
• Positron Emission Tomography (PET)
Dosage Forms
• Capsule
• Tablets
• Injections
• Others
Route of Administration
• Oral
• Parenteral
• Intravenous
• Others
• Others
End-Users
• Hospitals
• Specialty Clinics
• Homecare
• Others
Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others
Some of the major players operating in the blood cancer market are:
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Mylan N.V. (U.S.)
• Teva Pharmaceutical Industries Ltd. (Ireland)
• Sanofi (France)
• Pfizer Inc. (U.S.)
• GlaxoSmithKline plc (U.K.)
• Novartis AG (Switzerland)
• Bayer AG (Germany)
• Eli Lilly and Company (U.S.)
• Merck & Co., Inc. (U.S.)
• Allergan (Ireland)
• AstraZeneca (U.K.)
• AbbVie Inc. (U.S.)
• Johnson & Johnson Private Limited (U.S.)
• Cipla Inc. (U.S.)
• Abbott (U.S.)
• Merck KGaA (Germany)
• LEO Pharma A/S (Denmark)
• Bausch Health Companies Inc. (Canada)
• Sun Pharmaceutical Industries Ltd. (India)
• Aurobindo Pharma (India)
• Lupin (India)
• Hikma Pharmaceuticals PLC (U.K.)
• Fresenius Kabi AG (Germany)
• Amneal Pharmaceuticals LLC. (U.S.)
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About us: -
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in pune.
Data bridge market research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and ha bridge market research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
Contact us: -
Data bridge market research
Us: +1 888 387 2818
Email: - [email protected]
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Bispecific Antibody Therapeutics Market developing Industry Impact, Emerging Technology and Future Forecast 2029
Bispecific Antibody Therapeutics Market Analysis and Size
In a single molecule, bispecific antibodies have two antigen-binding sites. Bispecific antibodies appear in a variety of sizes and shapes, ranging from tiny proteins with two associated antigen-binding fragments to massive IgG-like molecules with additional domains. The therapeutic success of currently existing bispecific antibodies has accelerated bispecific antibody development in oncology.
According to Globaldata's database, 106 bispecific antibody compounds are in development. 45 of the 106 bispecific antibody medicines in clinical development are aimed mostly at blood cancers, while the rest are aimed at solid tumors, mostly lung and gastrointestinal cancers.
In 2018, approximately 4,285,033 new cancer cases were detected in China, according to Globocan's estimations. As a result, the increased global prevalence of cancer necessitates new therapeutic choices, driving up demand for bispecific antibodies. Bispecific antibodies (BsAbs) are antibodies that can bind two distinct antigens simultaneously (or different epitopes of the same antigen). BsAbs have mostly been used to reroute cytotoxic immune effector cells for improved tumor cell killing via antibody-dependent cell-mediated cytotoxicity (ADCC) and other cytotoxic processes mediated by effector cells.
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Bispecific Antibody Therapeutics Market Dynamics
Drivers
• High prevalence rate of cancer
The rise in prevalence rate of cancer across the globe will act as a major driver that will result in the expansion of the market's growth rate. According to the World Health Organization (WHO), cancer, after cardiovascular disorders, is the world's second greatest cause of death, according to the World Health Organization (WHO). It is, nonetheless, one of the most preventable chronic non-communicable diseases. Reduced tobacco use, healthier diets and physical exercise, reduced alcohol usage, and other measures can save approximately 40% of all cancer deaths. Sedentary lifestyle adoption is on the rise, indicating that a huge number of people are active, putting them at a higher risk of contracting cancer. Furthermore, a sedentary lifestyle that includes the consumption of fast food and packaged materials increases the risk of cancer. As a result, an increase in sedentary lifestyle adoption reflects an increase in cancer incidences, necessitating the development of improved cancer therapies.
• Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of the bispecific antibody therapeutics market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
Furthermore, a surging number of government initiatives to spread awareness and increasing the geriatric population will result in the expansion of the bispecific antibody therapeutics market. Along with this, changing lifestyle of people and growing government favorable initiatives will enhance the growth rate of the market.
Opportunities
• Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the bispecific antibody therapeutics market growth.
• Rising number of strategic collaborations
Key players in the global bispecific antibodies market are also looking to buy companies that provide specialized products and projects with the potential to produce significant income. Manufacturers in the market attempt to have a stronger product portfolio than their competitors by acquiring these companies. Amgen Inc. announced the acquisition of Five Prime Therapeutics in March 2021. Amgen's premier cancer portfolio now includes Five Prime's breakthrough pipeline. These factors will boost new market opportunities during the forecast period of 2022-2029.
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Global Bispecific Antibody Therapeutics Market Scope
The bispecific antibody therapeutics market is segmented on the basis of indication, drugs, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Indication
• Oncology
• Autoimmune Disease
• Others
Drugs
• Blinatumomab
• Catumaxomab
• Duligotumab
• Others
Route of Administration
• Intravenous
• Subcutaneous
• Others
End-Users
• Hospitals
• Specialty Clinics
• Homecare
• Others
Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy
• Others
Some of the major players operating in the bispecific antibody therapeutics market are:
• Pfizer Inc. (U.S.)
• GlaxoSmithKline plc (U.K.)
• Novartis AG (Switzerland)
• Sanofi (France)
• AstraZeneca (U.K.)
• F. Hoffmann-La Roche Ltd. (Switzerland)
• Eli Lilly and Company (U.S.)
• Allergan (Ireland)
• Innovent Biologics, Inc. (China)
• Adimab (U.S.)
• Affimed GmbH (Germany)
• Xencor (U.S.)
• Pieris Pharmaceuticals, Inc. (U.S.)
• Mereo BioPharma Group plc (U.K.)
• Sobi (Sweden)
• TG Therapeutics, Inc (U.S.)
• Merus (Netherlands)
• MacroGenics, Inc (U.S.)
• Genmab A/S (Denmark)
• Emergent BioSolutions Inc (U.S.)
• Alteogen (South Korea)
• Astellas Pharma Inc. (Japan)
Browse in-depth Research Report @ https://www.databridgemarketre....search.com/reports/g
About us: -
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in pune.
Data bridge market research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and ha bridge market research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
Contact us: -
Data bridge market research
Us: +1 888 387 2818
Email: - [email protected]
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