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Myelodysplastic Syndrome Drugs Market Size, Share, Growth, Analysis And Global Forecast 2023-2032 | Amgen Inc., Celgene Corporation, Otsuka Pharmaceutical Co. Ltd., Takeda Pharmaceutical Company Limited, Cipla Limited
Myelodysplastic Syndrome Drugs Market Report
The Business Research Company's Myelodysplastic Syndrome Drugs Global Market Report 2023 identifies an increase in incidences of myelodysplastic syndrome as the major driver for the myelodysplastic syndrome drugs market's growth in the forecast period. Myelodysplastic syndrome (MDS) is a group of disorders characterized by abnormal development and maturation of blood cells in the bone marrow. It is a type of blood cancer that primarily affects the production of healthy blood cells. Myelodysplastic syndrome drugs are used in treating myelodysplastic syndrome that involves medications to inhibit or modulate the immune system to lessen the requirement for red blood cell transfusions.
The global myelodysplastic syndrome drugs market size is expected to grow from $1.88 billion in 2022 to $2.07 billion in 2023 at a compound annual growth rate (CAGR) of 10.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global myelodysplastic syndrome drugs market size is expected to reach $2.98 billion in 2027 at a CAGR of 9.5%.
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Major competitors in the myelodysplastic syndrome drugs market are Amgen Inc., Celgene Corporation, Otsuka Pharmaceutical Co. Ltd., Takeda Pharmaceutical Company Limited, Cipla Limited.
A key trend in the myelodysplastic syndrome drugs market includes Research innovations. Major companies operating in the myelodysplastic syndrome drug sector are focused on developing new technological and innovative solutions to strengthen their position in the market. For instance, in May 2021, Novartis, a Switzerland-based healthcare company, has received FDA fast track designation in myelodysplastic syndromes for Sabatolimab (MBG453). Sabatolimab is a first-in-class investigational immuno-myeloid therapy that binds to TIM-3, an innovative target articulated on numerous immune system cell types, leukemic cells, and blasts but not on normal stem cells that induce blood formation; it is being developed for HR-MDS and acute myeloid leukemia (AML). Fast track designation expedites the development and approval of medications to treat serious illnesses and address unmet medical needs.
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The myelodysplastic syndrome drugs market is segmented -
•By Therapeutic Class: Immunomodulatory Drugs, Hypomethylating Agents, Anti-anemics
•By Type of Syndrome: Refractory Cytopenia With Multilineage Dysplasia, Refractory Anemia, Refractory Anemia With Excess Blasts, Refractory Anemia With Ringed Sideroblasts
•By Route of Administration: Oral, Parenteral
•By Applications: Original, Generics
•By End-User: Hospitals, Clinics, Ambulatory Surgical Centers
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the myelodysplastic syndrome drugs market.
The Business Research Company's "Global Myelodysplastic Syndrome Drugs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Myelodysplastic Syndrome Drugs Market Include:
1. Executive Summary
2. Myelodysplastic Syndrome Drugs Market Characteristics
3. Myelodysplastic Syndrome Drugs Market Trends And Strategies
4. Myelodysplastic Syndrome Drugs Market - Macro Economic Scenario
5. Myelodysplastic Syndrome Drugs Market Size And Growth
……
26. Africa Myelodysplastic Syndrome Drugs Market
27. Myelodysplastic Syndrome Drugs Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Myelodysplastic Syndrome Drugs Market
29. Myelodysplastic Syndrome Drugs Market Future Outlook and Potential Analysis
30. Appendix
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