The hematological malignancies emerging therapeutics market growth has been primarily attributed to major drivers in this market, such as growing prevalence of hematological malignancies, favorable regulatory environment, and increase in adoption of precision medicine in the field of hematological malignancies. However, there are significant challenges restraining the market growth. These challenges include the high cost hindering the adoption rate, unfavorable reimbursement scenario, and safety concerns pertaining to severe adverse effects.
The global hematological malignancies emerging therapeutics industry analysis by BIS Research projects the market to grow at a significant CAGR of 14.20% during the forecast period 2021-2031. The hematological malignancies emerging therapeutics market was valued at $11,652.5 million in 2021 and is expected to generate $43,966.8 million in 2031.
Major players in the industry
AbbVie Inc., Amgen Inc., Bristol-Myers Squibb Company, F. Hoffmann-La Roche Ltd., Gilead Sciences, Inc., GlaxoSmithKline plc, Immune-Onc Therapeutics, Inc., Johnson & Johnson Services, Inc., Merck & Co., Inc., Novartis International AG, Pfizer Inc., Sanofi S.A., Takeda Pharmaceutical Company Limited.
Marketed Drugs – Monoclonal Antibodies and CAR-T Cell Therapy
Potential Pipeline Products – Monoclonal Antibodies and CAR-T Cell Therapy
Indication – Leukemia, Lymphoma, and Multiple Myeloma
Market Growth Drivers
Growing Prevalence of Hematological Malignancies
Favorable Regulatory Environment
Increase in Adoption of Precision Medicine in the Field of Hematological Malignancies
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