Global Acute Myeloid Leukemia Treatment Market Will Soar Beyond $930 Million by 2024

Date: 2016-03-04

The treatment market for Acute Myeloid Leukemia (AML) will rapidly expand in value from $342.7 million in 2014 to reach $932.6 million by 2024, representing a Compound Annual Growth Rate (CAGR) of 10.5%.

Sorcha Cassidy, Ph.D., GlobalData’s Analyst covering Oncology and Hematology, says the greatest unmet need in the market is improving the overall survival rate of elderly AML patients which, compared to that of younger favorable-risk patients, is substantially lower.

Cassidy comments: “Fulfilling this unmet need is a safe route to regulatory approval and commercial success. In this way, one of the major drivers of AML treatment sales across the 7MM will be the launch of premium-priced therapies for elderly AML patients, such as Ambit’s quizartinib.

“Other growth drivers will include an increasing branded drug treatment rate, a rising number of refractory/relapsed cases of AML across all age groups, and a growing desire to develop immunotherapies to treat AML patients.”

GlobalData’s report also states that by 2024, the branded AML market leader will be Vyxeos, with estimated total sales of $131 million in the US and five European countries.

Cassidy concludes: “GlobalData does not believe the efficacy of Vyxeos will be exceptional, but it will be an improvement on the current standard of care.

“However, the drug’s premium price, the sizeable population of elderly AML patients, and the absence of immediate competition will drive higher sales from Vyxeos than any other pipeline or marketed product.”


Contact With Us
Join templatemonster at google+
Customized Research
Request Sample