Industry Outlook

The blood and bone marrow cancer treatment market is set to reach from US$ 38.8 Bn in 2018 to US$ 74.9 Bn by 2027 at a compound annual growth rate (CAGR) of 7.7% during the forecast period from 2019 to 2027. As per the research findings brought forward by Janssen Pharmaceutica N.V. approximately 900,000 people throughout the globe are diagnosed with blood cancer annually, it holds a share of 7% of all types of known cancer. 

"Increasing prescription of immunosuppressive drugs for treating chronic infections and genetic mutation together are responsible for the growing incidence of lymphoma worldwide"

Lymphoma is leading the indication segment for blood and bone marrow cancer treatment market. Hodgkin lymphoma and Non-Hodgkin lymphoma are the 2 types prevalent worldwide. The important parameters responsible for its growing incidence throughout the globe are increasing prescription of immunosuppressant drugs for treating chronic infections and genetic mutations. Leukemia occurs when the DNA of immature white blood cells gets damaged due to exposure to ionizing radiation, hazardous chemicals, smoking, etc. The prevalence rate varies according to ethnicity with high occurrence in men in comparison to women population worldwide.

"Strong product pipeline will ensure rampant market growth for immunotherapy during the forecast period"

Chemotherapy is dominating the therapy segment for blood and bone marrow cancer treatment market. The primary factor responsible for its increasing prescription worldwide is the availability of its generic version at affordable cost, drastically reducing the healthcare burden on ailing patients. Oncologists frequently use them in combination therapy either with radiotherapy or immunotherapy to treat patients showing resistance to first-line drug therapy. Immunotherapy is set to register impressive growth in the near future on account of its promising product pipeline which will be commercially available during the forecast period.

"Rising prevalence of blood cancer and affordable reimbursement scenario for the medicines employed in its treatment together drive the market growth in North America"

North America with a market share of 34.6% is currently reigning the regional segment for blood and bone marrow cancer treatment market. The chief contributing factor for its market dominance is rising prevalence of blood cancer. According to the Leukemia and Lymphoma Society (CDC) facts and figures approximately after every 3 minutes 1 person in the U.S. is diagnosed with blood cancer. In 2019, in the United States, approximately 176,200 people are diagnosed with either leukemia, myeloma or lymphoma. Affordable reimbursement scenario for the medicines employed in its treatment is another important factor that contributes towards its regional market growth. Europe holds a share of 30.8% primarily due to the supportive regulatory framework provided by the European Medical Agency for the development and sale of medication for the treatment of blood cancer. Asia Pacific represents 18.4% market share on account of rising public health awareness related to blood cancer & its treatment and developing healthcare infrastructure.

Pharmaceutical companies spearheading the blood and bone marrow cancer treatment market are Bristol Myers Squibb & Company, AstraZeneca, Plc., Eli Lilly & Company, Johnson and Johnson Company, F.Hoffman La-Roche Ltd., Celgene, Inc.,  Merck & Co., Inc., Novartis AG, Varian Medical Systems, Inc. and Pfizer, Inc.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Blood and Bone Marrow Cancer Treatment market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Blood and Bone Marrow Cancer Treatment market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Blood and Bone Marrow Cancer Treatment market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Blood and Bone Marrow Cancer Treatment market?
• Which is the largest regional market for Blood and Bone Marrow Cancer Treatment market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Blood and Bone Marrow Cancer Treatment market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Blood and Bone Marrow Cancer Treatment market worldwide?