The global blood and bone marrow cancer treatment market was valued at $38.8B (approx €32.8B) in 2018 and is reportedly expected to reach $74.9B (approx €63.4B) by 2027, expanding at a CAGR of 7.7% from 2019 to 2027.
Blood cancer begins in the bone marrow which is the integral source of stem cells, which are later differentiated into different types of blood cells in the human body. Researchers have stated that approximately 1.85 million new cases of blood cancer will be diagnosed by 2040 throughout the globe.