Myelofibrosis Treatment Market Enhancement in Medical Sector 2018 to 2026 Novartis, Eli Lilly, Roche, Celgene
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Increase in FDA Approval Of Pipeline Drugs is Expected to Drive The Market
Growing prevalence of myelofibrosis in developing economies drives the demand for various treatment options for myelofibrosis. The market is expected to grow owing to heavy investments in research and development, appropriate reimbursement conditions, and a large pool of patients living with myelofibrosis. In addition, the market growth can be attributed to other factors including lifestyle up-gradation, unmet medical needs of the patients, increasing incidences of genetic disorders, and escalating smoking population. The market is expected to gain significant traction with the medical advancements focusing patients suffering from myelofibrosis. For instance, development of a molecule, CYT387 or Momelotinib, by Gilead Sciences for treating primary myelofibrosis and the innovation of current drug, ruxolitinib, by Incyte Corporation to develop a substitute dosing strategy in patients with myelofibrosis.
Regional Analysis - Myelofibrosis Treatment Market
Regional segmentation of the global myelofibrosis treatment market by Coherent Market Insights comprises North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the global myelofibrosis treatment market owing to the growing public awareness, high prevalence of the disease, favorable reimbursement policies, and a higher percentage of the income spent on healthcare. According to the American Society of Hematology 2016, myelofibrosis is a potentially life-threatening blood cancer that affected approximately 20,000 Americans. Asia Pacific is expected to hold a large share of the global market during the forecast period owing to increased disposable incomes, high geriatric population, and improved healthcare facilities.
Competitive Landscape - Myelofibrosis Treatment Market
The key players operating in the global myelofibrosis treatment market include Novartis, Eli Lilly, Roche, Merck & Co., Celgene, Amgen, Bristol-Myers Squibb, Incyte Corporation, and Gilead Sciences. The key players are focused on developing effective treatments that are aimed at easing the patient symptoms with fewer side effects and improving the quality of life. For instance, Biopharma developed Pacritinib in 2016, which is proven to be more effective through the clinical trials than the FDA approved ruxolitinib.
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Myelofibrosis Treatment Market Taxonomy
The global myelofibrosis treatment market is segmented on the basis of diagnosis, treatment, end user, and geography.
On the basis of diagnosis, the global myelofibrosis treatment market is segmented into:
Gene Mutation Analysis
Bone Marrow Biopsy
On the basis of treatment, the global myelofibrosis treatment market is segmented into:
Stem Cell Transplant
On the basis of end user, the global myelofibrosis treatment market is segmented into:
Bone Marrow Transplant Centers
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"The Latest Research Report OpportunityAnalyzer: Myelofibrosis - Opportunity Analysis and Forecasts to 2025 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" About Myelofibrosis Market Myelofibrosis (MF) is a rare blood disorder, which is characterized by bone marrow fibrosis. Currently, there is only one approved drug, Incyte/Novartis Jakafi (ruxolitinib), for the treatment of MF, and other conventional therapies used in MF are off-label. However,