Press release
Myelodysplastic Syndrome Market Report 2024: Strategies And Recent Developments | Pfizer Inc., Johnson and Johnson Limited, AbbVie Inc., Bayer AG, Novartis AG, Merck & Co., Sanofi S.A
The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033The Business Research Company offers in-depth market insights through Myelodysplastic Syndrome Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The myelodysplastic syndrome market size has grown rapidly in recent years. It will grow from $2.3 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth in the historic period can be attributed to increasing prevalence of myelodysplastic syndrome, growing awareness about myelodysplastic syndrome treatment, rising healthcare spending, government initiatives.
The myelodysplastic syndrome market size is expected to see rapid growth in the next few years. It will grow to $3.78 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to aging population, adoption of combination therapies, investment in hematologic research, personalized medicine. Major trends in the forecast period include innovative treatments for myelodysplastic syndrome, advancements in diagnostic tools and techniques, clinical trials, collaborative research.
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Market Segmentation:
The main types of myelodysplastic syndrome are myelodysplastic syndrome with unilineage dysplasia, myelodysplastic syndrome with multilineage dysplasia and myelodysplastic syndrome with ring sideroblasts, among others. Myelodysplastic syndrome (MDS) with unilineage dysplasia refers to a specific subtype or classification within the spectrum of myelodysplastic syndrome (MDS). The various drugs include azacitidine, lenalidomide, decitabine and deferasirox. The various treatment includes supportive therapy, growth factors, chemotherapy, stem cell transplant and others. The various route of administration includes oral, injectable and other routes of administration. These are used by various end-users such as hospitals, homecare, specialty centers and others.
Myelodysplastic Syndrome Global Market Report 2023 provides data on the global myelodysplastic syndrome market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The myelodysplastic syndrome market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Incidence Of Rare Blood Cancers Boosts Growth In The Myelodysplastic Syndrome (MDS) Market
The increasing incidence of rare blood cancers is expected to propel the growth of the myelodysplastic syndrome (MDS) market going forward. Blood cancers are types of hematologic malignancies with a low incidence rate in the population and originate from the cells of the bone marrow, lymph nodes and other components of the blood and immune system. Myelodysplastic syndrome (MDS) treatment aims to manage the condition by improving blood cell production and addressing associated symptoms to prevent the progression of blood cancer in the bone marrow. For instance, in June 2021, according to the Leukemia Foundation, an Australia-based national charitable organization, more than 110,000 people are coping with blood disorders. Additionally, by 2035, more than 275,000 Australians are predicted to have blood disorders. Therefore, the increasing incidence of blood cancer drives the growth of the myelodysplastic syndrome (MDS) market.
Competitive Landscape:
Major players in the myelodysplastic syndrome market are Pfizer Inc., Johnson and Johnson Limited, AbbVie Inc., Bayer AG, Novartis AG, Merck & Co., Sanofi S.A., Bristol-Myers Squibb Company, AstraZeneca Plc., Takeda Pharmaceutical Company Limited, Medtronic PLC, Eli Lilly and Company, Amgen Inc., Boehringer Ingelheim International GmbH, Otsuka Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Daiichi Sankyo Company Ltd., Jazz Pharmaceuticals, Dr. Reddy's Laboratories Ltd., Lupin Limited, BeiGene, Janssen Biotech, Accord Healthcare, Acceleron Pharma Inc.
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Top Trend - Growing Emphasis On Innovative Therapies Shapes The Myelodysplastic Syndrome (MDS) Treatment
Major companies operating in the myelodysplastic syndrome (MDS) market are developing new therapies to strengthen their position in the market. For instance, in July 2021, Genentech Inc., a US-based biotechnology company, launched Venclexta (venetoclax) with azacitidine for treating myelodysplastic syndrome (MDS) approved by the Food and Drug Administration (FDA), a US-based government organization. It applies to treating adult patients with intermediate, high-risk and very high-risk myelodysplastic syndromes (MDS). This breakthrough therapy is designed to accelerate the development of medicines intended to treat severe or life-threatening conditions, with preliminary evidence indicating substantial improvement over existing therapies.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Myelodysplastic Syndrome Market Characteristics
3. Myelodysplastic Syndrome Market Trends And Strategies
4. Myelodysplastic Syndrome Market - Macro Economic Scenario
5. Myelodysplastic Syndrome Market Size And Growth
…..
27. Myelodysplastic Syndrome Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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