Significant players operating in the global T-cell acute lymphoblastic leukemia market incorporate Novartis AG, Pfizer, Inc., F. Hoffmann-La Roche Ltd., Erytech Pharma, Inc., Sanofi, and Celgene Corporation. Increasing strategic collaborations, mergers and acquisitions, product launches, and flood in clinical trials are estimated to bolster the global market in the forthcoming years. For instance, Novartis AG, in in January 2017, consented to get into a tie-up with different players in the market to co-market and co-create oncology therapies.
As indicated in the recent report by Transparency Market Research, the global T-cell acute lymphoblastic leukemia market is prognosticated dwell on a decent CAGR of 8.4% within the forecast period from 2018 to 2026. In 2017, the T-cell acute lymphoblastic leukemia market was valued around worth US$ 330.5 mn.
The global T-cell acute lymphoblastic leukemia market can be segregated based on treatment into following segments – radiation therapy, chemotherapy, bone marrow transplant, immunotherapy, and targeted therapy. Among these, the segment of chemotherapy treatment held the majority of share of global T-cell acute lymphoblastic leukemia market in 2017 as far as revenue was concerned. The mentioned segment is estimated to rise at a notable CAGR in the span of upcoming years because of its huge product range, increased prescription rate, and simple availability.
North America dominated the global market and is projected to pick up market share before the finish of 2026. The market in North America is driven by increment in frequency of T-cell acute lymphoblastic leukemia, new product endorsements, strong product pipeline, and ascend in health care expenditure.
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Better Government Policies and Initiatives to Contribute in Market Development
Betterment in the pharmaceutical sector, government initiatives, rising healthcare expenditure, flood in research and development, and surging number of in patient pool are estimated to unfurl the global market within the forecast period from 2018 to 2026.
T-cell acute lymphoblastic leukemia can be categorized as kind of acute lymphoblastic leukemia that has lymphoma like symptoms. It for the most part affects white platelets called T lymphocytes. T-cell acute lymphoblastic leukemia is progressively common in children above the age of 5 years. T-cell acute lymphoblastic leukemia holds around 15% to 20% of all acute lymphoblastic leukemia. As indicated by the American Society of Clinical Oncology (ASCO), about 5,970 instances of acute lymphoblastic leukemia (ALL) were diagnosed in 2017 in the US.
Increased Clinical Trials to Pump up Market Demand
Demand with respect to therapeutics for T-cell acute lymphoblastic leukemia has grown by leaps and bounds in the past couple of years. This resulted in increase in clinical trials in early and late stages of medication development. A recent example is, Baylor College of Medicine in 2017, began first stage clinical trials of 28zeta CAR T cells/CD5.CAR, Cytoxan for T-cell acute lymphoblastic leukemia. The trial is foreseen to get completed by 2036, June.
Surging advancement in technology and R&D activities related to manufacturing procedures are projected to auger the productivity of pharmaceutical development. Nonetheless, mind-boggling expense associated with the treatment of T-cell acute lymphoblastic leukemia is anticipated to restrain the market in the forthcoming years. Development of therapeutics require the utilization of costly instrumentation that as well expands the general cost of therapeutics and treatment for the ailment. For instance, the cost of chemotherapeutic Nelarabine is in the range of US$75,000 and US$ 100,000 in the United States.
The study presented here is based on a report by Transparency Market Research (TMR) titled “T-cell Acute Lymphoblastic Leukemia Market (Treatment – Chemotherapy, Radiation Therapy, Bone Marrow Transplant, Targeted Therapy, Immunotherapy; End user – Hospital, Clinics, Others) – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026.”
The global T-cell acute lymphoblastic leukemia market has been segmented as below:
- Radiation Therapy
- Bone Marrow Transplant
- Targeted Therapy
- North America
- Rest of Europe
- Asia Pacific
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- North America