Hematologic malignancies are rare malignant tumors chiefly affecting the hematopoietic, bone marrow, and lymphoid tissue and include several types of leukemia such as lymphoma, myeloma, and acute lymphocytic leukemia, among others. Hematologic malignancies have been at the forefront in use of genetic analysis for diagnosis, classification, prognosis, and making decisions to select appropriate therapeutic approach as compared to other type of cancers.
Increasing prevalence of blood cancer and rapid development of novel therapeutics have significantly contributed to the revenue growth of the hematologic malignancies market. Hematologic malignancies account for 6.5% of all cancers and nearly 9% of newly diagnosed cancers across the United States. Advancements in chemotherapy and radiotherapy, progress in oncology research, increasing identification of specific therapeutic targets, and growing investments to develop molecular-based therapeutics have revolutionized the treatment approach for hematologic malignancies and is expected to create lucrative growth opportunities for the hematologic malignancies market over the forecast period.
Over the last decade, numerous preclinical and clinical researches have generated encouraging results for treatment of hematological malignancies. Improved long-term outcomes for patients suffering from hematologic malignancies owing to rapid progress in therapeutics and drugs has contributed significantly to revenue growth of the market. Increasing funding and investment to accelerate cancer research is also expected to drive market growth. However, high costs of treatment and lack of skilled professionals is expected to restrain market growth to a certain extent over the forecast period.
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For the purpose of this report, Reports and Data has segmented the hematologic malignancies market based on type, therapy, and region:
Type Outlook (Revenue, USD Billion; 2018-2028)
Therapy Outlook (Revenue, USD Billion; 2018-2028)
Regional Outlook (Revenue, USD Billion; 2018-2028)
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