Market Trends of Asia-Pacific Acute Myeloid Leukemia Treatment Industry
The Chemotherapy Segment is Anticipated to Witness a Growth Over the Forecast Period
Chemotherapy is the main treatment for most people with acute myeloid leukemia (AML). Induction is the first phase of treatment. It is short and intensive, typically lasting about a week. The goal is to clear the blood of leukemia cells (blasts) and to reduce the number of blasts in the bone marrow to normal. Consolidation is chemo given after the patient has recovered from induction. It is meant to kill the small number of leukemia cells that are still around but can't be seen (because there are so few of them). The chemotherapy segment is likely to witness growth over the forecast period owing to the factors such as the high incidence and prevalence of acute myeloid leukemia and advancement in pharmacology and molecular biology to promote drug development for AML. For instance, as per a 2022 update from National Cancer Center Japan, the estimated number of leukemia cases in Japan was 14,700 in 2022. A rise in cases of leukemia and AML is likely to increase the demand for therapeutics, thereby boosting market growth over the forecast period.
Furthermore, as per an article published in September 2021 by PubMed, in China, chemotherapy is the standard of care for treating stage four cancer. Chemotherapy has long been regarded as the mainstay of treatment for many cancer types. By 2040, it was expected that China is likely to have 4.2 million new cancer patients who need chemotherapy. Another article published in June 2022 in PubMed stated that the establishment of the Alan Walker Cancer Care Centre (AWCCC) at Royal Darwin Hospital, Northern Territory (NT) of Australia, provides radiotherapy, chemotherapy, and other specialist cancer services and its investment in a PET Scanner has reduced patients' need to travel interstate for cancer diagnosis and treatment. The new chemotherapy day units at Alice Springs Hospital and Katherine Hospital and the rapid expansion of tele-oncology have also reduced patient travel within the NT. Such amenities providing chemotherapy have increased the acceptance and adoption of chemotherapy for AML treatment, which is anticipated to drive the market over the forecast period.
China is Expected to Hold a Significant Share in the Market and Expected to do Same Over the Forecast Period
China is expected to hold a significant market share due to increasing incidences of blood cancer and advancement in pharmacology and molecular biology to promote drug development. Moreover, R&D expenditure in healthcare (oncology) is also anticipated to propel the growth of the market in China. Moreover, the application of targeted therapy and stem cell transplant for acute myeloid leukemia is expected to drive the market in the country. For instance, as per an article published in October 2021 in PLOS ONE, chronic myeloid leukemia (CML), a myeloproliferative blood cancer, had an incidence of 0.39-0.55 cases per 100,000 adults in China.
Furthermore, product launches, the presence of key players, collaborations, and mergers within organizations relating to AML treatment in China are anticipated to boost market growth over the forecast period. For instance, in January 2022, CStone received new drug approval for China's first IDH1 inhibitor, TIBSOVO (ivosidenib tablets), as a new precision therapy for patients with acute myeloid leukemia. Furthermore, in November 2021, Apollomics dosed the first participant in Phase III clinical trial of its new drug, APL-106 (uproleselan injection), in China to treat relapsed or refractory acute myeloid leukemia (AML) patients. The trial was anticipated to enroll approximately 140 adults at nearly 20 blood cancer clinical research centers in the country.
