Market Size of Hairy Cell Leukemia Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Hairy Cell Leukemia Market Analysis
The hairy cell leukemia market is expected to grow at a CAGR of 5.0% during the forecast period.
The COVID-19 pandemic had a significant impact on the market studied. Cancer treatments such as chemotherapy and immune suppressants typically damage the patient's immune system. This weakened immune system of the target population is expected to create a risk of COVID-19 infection. Various studies have been conducted to determine the impact of COVID-19 on leukemia patients. According to a research article published in September 2021, chronic lymphocytic leukemia (CLL) patients are more susceptible to serious infections due to the immunodeficiency caused by the disease and its therapy, and COVID-19 continued to have a high admission rate even among consecutive and young early-stage CLL patients. However, with the restrictions released and treatment services resumed, the demand for leukemia treatment is expected to increase, driving market growth over the forecast period.
Certain factors that are expected to propel market growth are the growing burden of leukemia cases, the increasing diagnosis rate, and the growing geriatric population. In addition, the elderly population is at high risk of developing leukemia, which is also expected to increase the demand for effective treatment options, thereby increasing the demand for its treatment. For example, according to data published by the Mayo Clinic in 2022, hairy cell leukemia typically affects people in their 50s or 60s. In addition, as per the same source, men are more likely to be affected by hairy cell leukemia than women.
Furthermore, according to an article published in October 2021, it has been observed that chronic lymphocytic leukemia (CLL) is one of the most frequent kinds of leukemia, with an age-adjusted incidence of 4.9 per 100,000 people per year. As per the same source, only 9.1% of CLL patients are under the age of 45, and the median age at diagnosis is 70 years. Thus, all the aforesaid factors are expected to propel market growth over the forecast period.
On the contrary, the lack of awareness and limited health services in rural hospitals are expected to hinder market growth over the forecast period.
