Global Blood Cancer Drugs Market Trends And Strategies Of Major Players In The Blood Cancer Drugs Market 2021-2030
27 Aug, 2021
The blood cancer drugs market consists of sales of drugs to treat all types of blood cancers. The blood cancer drugs market excludes biologics and includes establishments that produce drugs used in chemotherapy, surgery and radio therapies for treating leukaemia, lymphoma, and myeloma. The blood cancer drugs include Rituaxan/Mabthera (Rituximab), Gleevac/Glivec (Imatinib), Revlimid (Lenalidomide), Velcade (Bortezomib), Tasigna (Nilotinib), Pomalyst (Pomalidomide), Vidaza (Azacitidine), Kyprolis (Carfilzomib), Adcetris (Brentuximab Vedotin) and others.
Global Blood Cancer Drugs Market Size And Drivers:
The global blood cancer drugs market is expected to grow from $20.66 billion in 2020 to $21.6 billion in 2021 at a compound annual growth rate (CAGR) of 4.5%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $28.7 billion in 2025 at a CAGR of 7.4%. The blood cancer drugs market is being driven by the growing death incidences and increasing prevalence of blood cancer cases across the globe.
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Trends In The Global Blood Cancer Drugs Market
Companies in the blood cancer drugs market are increasingly investing in technologies such as artificial intelligence (AI) to save time and reduce research and development costs. AI is the simulation of human intelligence processes by machines, especially computer systems, which has the potential to surpass human intelligence levels. This technology helps to analyze large sets of chemical and biological data to identify potential drug candidates with higher success rates and at a quicker pace when compared to human analysis. The technology also helps in speeding up the patient recruitment process by matching blood cancer patients with the most relevant clinical trials, thus lowering clinical trial costs.
Global Blood Cancer Drugs Market Segments:
The global blood cancer drugs market is further segmented based on blood cancer type, drugs, treatment approaches and geography.
By Blood Cancer Type: Leukemia, Lymphoma, Myeloma
By Drugs: Rituaxan/Mabthera (Rituximab), Gleevac/Glivec (Imatinib), Revlimid (Lenalidomide), Velcade (Bortezomib), Tasigna (Nilotinib), Pomalyst (Pomalidomide), Vidaza (Azacitidine), Kyprolis (Carfilzomib), Adcetris (Brentuximab Vedotin), Others
By Treatment Approaches: Key Findings, Chemotherapeutic, MAbs/Targeted Therapies, Immunotherapeutic
By Geography: The global blood cancer drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Read More On The Report For The Global Blood Cancer Drugs Market At:https://www.thebusinessresearchcompany.com/report/blood-cancer-drugs-global-market-report
Blood Cancer Drugs Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides blood cancer drugs market overviews, analyzes and forecasts market size and growth for the global blood cancer drugs market, blood cancer drugs market share, blood cancer drugs market players, blood cancer drugs market segments and geographies, blood cancer drugs market’s leading competitors’ revenues, profiles and market shares. The blood cancer drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.