PUBLISHER: The Business Research Company | PRODUCT CODE: 1414439
PUBLISHER: The Business Research Company | PRODUCT CODE: 1414439
“Myelodysplastic Syndrome Drugs Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on myelodysplastic syndrome drugs market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for myelodysplastic syndrome drugs? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The myelodysplastic syndrome drugs market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Myelodysplastic syndrome (MDS) covers a spectrum of conditions where the bone marrow struggles to produce enough healthy blood cells-red blood cells, white blood cells, and platelets due to irregular cell formation and maturation. This deficiency arises from uncontrolled cell growth and division, causing tissue damage. Medications for myelodysplastic syndrome encompass epoetin alfa, darbepoetin alfa, filgrastim, and other drugs tailored for MDS treatment.
The primary types of drug therapies for myelodysplastic syndrome fall into three categories immunomodulatory drugs, hypomethylating agents, and anti-anemics. Immunomodulatory drugs (IMiDs) constitute a medication class that adjusts or regulates the immune system's response while directly impacting bone marrow cells. The spectrum of syndromes includes refractory cytopenia with multilineage dysplasia, refractory anemia, refractory anemia with excess blasts, and refractory anemia with ringed sideroblasts. These drugs can be administered through various routes such as oral and parenteral methods and serve multiple applications, including original and generic treatments. They are utilized by various end-users, including hospitals, clinics, and ambulatory surgical centers, to address the diverse needs of individuals diagnosed with MDS.
The myelodysplastic syndrome drugs market research report is one of a series of new reports from The Business Research Company that provides myelodysplastic syndrome drugs market statistics, including myelodysplastic syndrome drugs industry global market size, regional shares, competitors with a myelodysplastic syndrome drugs market share, detailed myelodysplastic syndrome drugs market segments, market trends and opportunities, and any further data you may need to thrive in the myelodysplastic syndrome drugs industry. This myelodysplastic syndrome drugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The myelodysplastic syndrome drugs market size has grown rapidly in recent years. It will grow from $2.07 billion in 2023 to $2.28 billion in 2024 at a compound annual growth rate (CAGR) of 10.2%. The increase in historical growth can be ascribed to factors such as an aging demographic, advancements in diagnostic technologies, a rise in cases of chemotherapy-related myelodysplastic syndromes (MDS), greater numbers of cancer survivors, ongoing clinical research, and the continual development of pharmaceuticals.
The myelodysplastic syndrome drugs market size is expected to see strong growth in the next few years. It will grow to $3.26 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. During the projected period, the anticipated expansion can be linked to the increasing elderly population, advancements in precise therapies, heightened comprehension of disease mechanisms, amplified awareness leading to early detection, and the broadening scope of oncology research. Key trends in this timeframe encompass the optimization of erythropoiesis-stimulating agents, the integration of combination therapies, a heightened emphasis on iron chelation therapy, regulatory endorsements, enhanced market access, and the adoption of patient-centric care models.
The anticipated rise in myelodysplastic syndrome cases is set to drive growth in the market for drugs treating this condition. Myelodysplastic syndrome represents a group of disorders impacting blood cell development in the bone marrow, categorized as a form of blood cancer. Medications for this syndrome aim to modulate the immune system, reducing the need for red blood cell transfusions. Notably, estimates from the American Journal of Managed Care in October 2022 place the prevalence of myelodysplastic syndrome in the USA between 60,000 to 175,000 cases, substantiating the market's growth due to increased incidences.
The burgeoning demand for personalized medicine is expected to be a driving force behind the expansion of the myelodysplastic syndrome drugs market. Personalized medicine involves tailoring treatments based on an individual's unique genetic and medical characteristics. This approach optimizes treatment outcomes and minimizes adverse effects, especially relevant in managing the heterogeneous nature of myelodysplastic syndrome. Notably, in 2022, the FDA's Center for Drug Evaluation and Research greenlit 37 new molecular entities, with the Personalized Medicine Coalition categorizing 12, around 34%, as personalized medicines, emphasizing the market's growth trajectory.
Research and innovation stand out as pivotal trends fueling growth within the myelodysplastic syndrome drug market. Major industry players are focused on pioneering technological advancements to solidify their market positions. For example, in May 2021, Novartis secured FDA fast-track designation for Sabatolimab (MBG453), an investigational immuno-myeloid therapy targeting TIM-3. This innovative therapy, geared towards high-risk myelodysplastic syndromes and acute myeloid leukemia, holds potential for accelerated development and approval, addressing critical medical needs.
Prominent companies operating in the myelodysplastic syndrome drugs sector are intensifying efforts to introduce novel medications, aiming to gain a competitive edge. TIBSOVO, an oral targeted therapy inhibiting the mutant isocitrate dehydrogenase 1 (IDH1) enzyme, is a prime example. Approved for treating adult patients with relapsed or refractory myelodysplastic syndromes (MDS), TIBSOVO represents a significant milestone in the industry. Notably, Servier Laboratories' approval of TIBSOVO by the US FDA in October 2023 marks the first targeted therapy sanctioned for this indication. The approval stems from a pivotal Phase I study evaluating its efficacy in this new application.
In November 2021, Merck & Co., Inc., a US-based pharmaceutical company, acquired Acceleron Pharma Inc. for $11.5 billion. This acquisition aims to expand Merck's pipeline of cardiovascular drugs. Acceleron Pharma Inc. is a US-based biopharmaceutical company involved in developing therapeutics to treat myelodysplastic syndromes and beta-thalassemia.
Major companies operating in the myelodysplastic syndrome drugs market report are Amgen Inc., Celgene Corporation, Otsuka Pharmaceutical Co. Ltd., Takeda Pharmaceutical Company Limited, Cipla Limited, Dr. Reddy's Laboratories Ltd., Lupin Ltd., Onconova Therapeutics Inc., Sun Pharmaceutical Industries Limited, FibroGen Inc., Aprea Therapeutics, Bayer AG, Bristol Myers Squibb, Celator Pharmaceuticals, Crystal Genomics Inc., AbbVie Inc., Astex Pharmaceuticals Inc., Geron Co., Hikma Pharmaceuticals plc, Jazz Pharmaceuticals Inc., Mylan NV, Novartis AG, Sandoz Inc., Syros Pharmaceuticals, Teva Pharmaceutical Industries Ltd., Acceleron Pharma Inc., Agios Pharmaceuticals Inc., Incyte Corporation, Array Biopharma Inc., MEI Pharma Inc.
North America was the largest region in the Myelodysplastic syndrome drugs market in 2023. Asia-Pacific is expected to be the fastest growing region in the global myelodysplastic syndrome drugs market report during the forecast period. The regions covered in the myelodysplastic syndrome drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the myelodysplastic syndrome drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The myelodysplastic syndrome drug market consists of sales of drugs such as azacytidine, decitabine, and lenalidomide. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.