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Myelodysplastic Syndrome (MDS) Drugs Global Market Analysis, Trends, Growth, Research And Forecast 2033
Myelodysplastic Syndrome (MDS) Drugs Global Market Analysis
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According to The Business Research Company's, The myelodysplastic syndrome (mds) drugs market size has grown strongly in recent years. It will grow from $3.23 billion in 2023 to $3.47 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to aging population, advancements in targeted therapies, clinical trials, increased awareness.
The myelodysplastic syndrome (mds) drugs market size is expected to see strong growth in the next few years. It will grow to $4.69 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to genomic research, immunotherapies, global expansion of healthcare, biomarker identification. Major trends in the forecast period include personalized medicine, combinatorial therapies, symptom management, data sharing and collaboration.
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Market Drivers and Trends:
Rising exposure to cancer treatments, such as chemotherapy and radiation, is expected to boost the growth of the myelodysplastic syndrome (MDS) drug market going forward. Chemotherapy refers to using medications to eradicate cancer cells and radiation refers to a cancer treatment that uses high radiation doses to kill cancer cells and reduce tumors. Chemotherapy medications and radiation therapy harm the bone marrow's stem cells, which are in charge of making new blood cells; this damaging effect disturbs the natural balance of cell creation and results in the onset of MDS. Myelodysplastic syndrome (MDS) drugs offer several benefits in managing and treating MDS, a group of disorders characterized by abnormal production of blood cells in the bone marrow. For instance, according to ESTRO-HERO (Health Economics in Radiation Oncology) analysis by the European Society of Radiation Oncology (ESTRO), a Belgium-based organization, based on projected cancer distributions in 2025, there is an expected 16% increase in the number of radiotherapy treatment courses. Therefore, rising exposure to cancer treatments, such as chemotherapy and radiation, is driving the growth of the myelodysplastic syndrome (MDS) drugs market.
Major companies operating in the myelodysplastic syndrome (MDS) drugs market focus on developing new products to improve patient outcomes, meet specific customer needs and fit the ecosystem. Drug approvals such as venetoclax (VENCLEXTA) ensure that MDS drugs are safe and effective for managing this group of bone marrow disorders. For instance, in July 2021, AbbVie Inc., a US-based pharmaceutical company, received a Breakthrough Therapy Designation (BTD) for venetoclax (VENCLEXTA) in combination with azacitidine by the U.S. Food and Drug Administration (FDA) for the potential treatment of adult patients with untreated intermediate, high and very high-risk myelodysplastic syndromes (MDS). The unique feature of VENCLEXTA and VENCLYXTO is its capacity to attach to and inhibit the B-cell lymphoma-2 (BCL-2) protein. Additionally, BCL-2 inhibits the apoptosis, or natural death or self-destruction process of cancer cells, in several blood malignancies.
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Myelodysplastic Syndrome (MDS) Drugs Global Market Report 2024
Bristol Myers Squibb, Otsuka Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd., Dr. Reddy's Laboratories Ltd., Mylan NV, Cipla Limited, Acceleron Pharma Inc., Aprea Therapeutics, Onconova Therapeutics Inc., Geron Corporation, Amgen Inc., Sandoz, Gilead Sciences Inc., Johnson And Johnson, Lupin Ltd. Corporation, Ono Pharmaceutical Co. Ltd., Eisai Co. Ltd., Nippon Shinyaku Co. Ltd., Lupin Ltd., Accord Healthcare Inc., Kite Pharma Inc., Karyopharm Therapeutics Inc., Aprea Therapeutics Inc., Acceleron Pharma Inc., Astex Pharmaceuticals Inc., Stemline Therapeutics Inc., Geron Corporation, Onconova Therapeutics Inc., Actinium Pharmaceuticals Inc., Millennium Pharmaceuticals Inc.
Myelodysplastic Syndrome (MDS) Drugs Market 2024 Key Insights:
• The major depressive disorder market size is expected to see steady growth in the next few years. It will grow to $6.84 billion in 2028 at a compound annual growth rate (CAGR) of 2.8%.
• Elevated Cancer Treatment Exposure Accelerates Growth In The Myelodysplastic Syndrome (MDS) Drug Market
• Innovative Drug Development And Approvals Transform Myelodysplastic Syndrome (MDS) Treatment Market
• North America was the largest region in the myelodysplastic syndrome (MDS) drugs market in 2023
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