PUBLISHER: Grand View Research | PRODUCT CODE: 1529888
PUBLISHER: Grand View Research | PRODUCT CODE: 1529888
Market Size & Trends
The global acute myeloid leukemia treatment market size was estimated at USD 3.18 billion in 2023 and is expected to grow at a CAGR of 10.44% from 2024 to 2030. The increasing need for advanced therapeutics is also a high-impact rendering driver of this market. Rising incidences of acute myeloid leukemia therapeutics are attributed to factors such as genetic mutations, unhealthy lifestyles, continued exposure to hazardous chemicals such as benzene, and radiation exposure. Moreover, the increasing geriatric population base and growing unmet healthcare needs are expected to boost the market growth further. According to the estimates given by American Cancer Society in 2024, around 20,800 people were diagnosed with Acute Myeloid Leukemia.
The market for Acute Myeloid Leukemia (AML) treatment is driven by several key factors related to therapeutics and treatments. One significant driver is the continuous advancement and approval of novel therapies. For instance, in July 2023, the FDA approved quizartinib (Vanflyta) in combination with standard chemotherapies for the treatment of adult patients with newly diagnosed FLT3-ITD positive AML. This approval highlights the importance of targeted therapies that address specific genetic mutations in AML, improving patient outcomes and expanding treatment options. Such advancements not only enhance the efficacy of treatment regimens but also provide new hope for patients with limited options under conventional therapies.
Another major driver is the significant investment in research and development by pharmaceutical companies. For instance, a USD 6 million grant awarded in December 2023 for developing novel therapies targeting high-risk AML patients reflects the strong commitment to innovation in the field. This investment is crucial for discovering new treatment modalities and improving existing ones, thus driving market growth. Additionally, collaborations and partnerships among pharmaceutical companies, research institutions, and academic centers are pivotal in accelerating the development of new AML therapies, further stimulating market expansion.
Despite these advancements, the AML treatment market faces several restraints. One of the primary challenges is the high cost associated with new therapies. The development, approval, and commercialization of innovative treatments often come with substantial expenses, making them expensive for patients and healthcare systems. This financial burden can limit access to the latest treatments, especially in low- and middle-income countries, thereby hindering the overall market growth.
Another significant restraint is the adverse side effects associated with AML treatments. While chemotherapy remains a cornerstone of AML treatment, it can cause severe side effects such as fatigue, nausea, and increased risk of infections. These side effects can significantly impact the quality of life for patients and sometimes lead to treatment discontinuation. Even newer targeted therapies, despite their precision, can pose challenges to patient tolerance. For instance, the combination of venetoclax with other treatments, while promising, has shown side effects that necessitate careful management.
Furthermore, the stringent regulatory environment poses another challenge. The approval process for new drugs is rigorous, requiring extensive clinical trials to ensure safety and efficacy. While these regulations are essential for patient safety, they can delay the introduction of new therapies to the market. This prolonged approval process can be a barrier to the timely availability of innovative treatments, impacting the market's ability to respond quickly to emerging therapeutic needs.
Global Acute Myeloid Leukemia Treatment Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research segmented the global acute myeloid leukemia treatment market report based on disease, treatment, route of administration, end-use, and region.
Anti-metabolites
Alkylating Agents
Anthracycline Drugs
Others
FLT3 Inhibitors
Rydapt
Vanflyta
Xospata
IDH Inhibitors
Tibsovo
Rezlidhia
Idhifa
Mylotarg
BCL-2 Inhibitor
Venclexta
Hedgehog Pathway Inhibitor
Daurismo
Bispecific Antibodies
Antibody-drug Conjugates
Immune Checkpoint Inhibitors
Chimeric Antigen Receptor (CAR) T-cell Therapy
U.S.
Canada
Mexico
Germany
U.K.
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait
5.5.2.1.1. Rydapt
5.5.2.1.1.1. Rydapt market estimates and forecasts 2018 to 2030 (USD Million)
5.5.2.1.2. Vanflyta
5.5.2.1.2.1. Vanflyta market estimates and forecasts 2018 to 2030 (USD Million)
5.5.2.1.3. Xospata
5.5.2.1.3.1. Xospata market estimates and forecasts 2018 to 2030 (USD Million)
5.5.3.1.1. Tibsovo
5.5.3.1.1.1. Tibsovo market estimates and forecasts 2018 to 2030 (USD Million)
5.5.3.1.2. Rezlidhia
5.5.3.1.2.1. Rezlidhia market estimates and forecasts 2018 to 2030 (USD Million)
5.5.3.1.3. Idhifa
5.5.3.1.3.1. Idhifa market estimates and forecasts 2018 to 2030 (USD Million)
5.5.5.1.1. Venclexta
5.5.5.1.1.1. Venclexta market estimates and forecasts 2018 to 2030 (USD Million)
5.5.6.1.1. Daurismo
5.5.6.1.1.1. Daurismo market estimates and forecasts 2018 to 2030 (USD Million)
5.6.1.1.1. Bispecific antibodies market estimates and forecasts 2018 to 2030 (USD Million)
5.6.1.4.1. Immune checkpoint inhibitors market estimates and forecasts 2018 to 2030 (USD Million)
5.6.1.5.1. Chimeric antigen receptor (CAR) T-cell therapy market estimates and forecasts 2018 to 2030 (USD Million)