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Rising Incidence Of Rare Blood Cancers Boosts Growth In The Myelodysplastic Syndrome (MDS) Market: Powering Innovation and Expansion in the Global Myelodysplastic Syndrome Market by 2025
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Myelodysplastic Syndrome Market Through 2025?
The overall valuation of the myelodysplastic syndrome sector has experienced substantial expansion lately, projected to move from a measure of $2.56 billion in 2024 to $2.85 billion come 2025, reflecting an eleventh percent compound annual growth rate over that span; this upward trajectory observed throughout the past years is linked to several factors, specifically the augmenting incidence of myelodysplastic syndrome, broadening public knowledge regarding therapeutic options for the condition, escalating expenditures in the healthcare domain, and supportive actions undertaken by governmental bodies.
What's the Projected Size of the Global Myelodysplastic Syndrome Market by 2029?
Forecasts indicate that the market capturing myelodysplastic syndrome will experience substantial expansion in the coming years, reaching a valuation of $4.18 billion by 2029, propelled by a compound annual growth rate (CAGR) of 10.1%; this upward trajectory is fundamentally supported by an increasing elderly demographic, the wider acceptance of combination treatment regimens, greater financial commitments to hematologic studies, and the move toward individualized medical approaches, while the forthcoming period is also anticipated to be shaped by developments such as novel therapeutic interventions for myelodysplastic syndrome, enhancements in methods used for diagnosis, ongoing clinical testing, and cooperative research efforts.
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Top Growth Drivers in the Myelodysplastic Syndrome Industry: What's Accelerating the Market?
The rising frequency of uncommon blood cancers is projected to be a major factor fueling the expansion of the market for myelodysplastic syndrome (MDS) in the future. These hematologic malignancies, which develop from the cells of the bone marrow, lymph nodes, and other elements of the circulatory and immune systems, generally affect a small fraction of the population. Therapy for myelodysplastic syndrome (MDS) focuses on controlling the disorder through the enhancement of blood cell creation and the mitigation of related signs, with the ultimate goal of halting the advancement of bone marrow blood cancer. As an illustration, data from the Leukemia and Lymphoma Society, a US-based professional entity, indicated in September 2024 that a new diagnosis of leukemia, lymphoma, or myeloma occurs every three minutes within the United States. Furthermore, projections for 2024 suggest that approximately 187,740 people will be diagnosed with these cancers, accounting for 9.4% of the anticipated 2,001,140 new cancer diagnoses across the nation, thus demonstrating how the escalating occurrence of blood cancer is a direct impetus for the growth trajectory of the myelodysplastic syndrome (MDS) market.
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What Trends Will Shape the Myelodysplastic Syndrome Market Through 2029 and Beyond?
Leading corporations within the myelodysplastic syndrome (MDS) sector are actively innovating with novel treatments to bolster their standing. As an illustration, in August of 2023, Bristol Myers Squibb, a pharmaceutical firm headquartered in the United States, secured clearance from the FDA for Reblozyl (luspatercept-aamt); this drug is now authorized as an initial therapy for managing anemia in adults with low- to intermediate-risk MDS who have not previously received ESA treatment and require ongoing red blood cell transfusions. Data from the Phase 3 COMMANDS study demonstrated that Reblozyl outperformed epoetin alfa in terms of achieving freedom from RBC transfusions and raising hemoglobin levels, thus providing earlier anemia management for a wider patient demographic.
What Are the Main Segments in the Myelodysplastic Syndrome Market?
The myelodysplastic syndromemarket covered in this report is segmented -
1) By Type: Myelodysplastic Syndrome With Unilineage Dysplasia; Myelodysplastic Syndrome With Multilineage Dysplasia; Myelodysplastic Syndrome With Ring Sideroblasts; Other Types
2) By Drug: Azacitidine; Lenalidomide; Decitabine; Deferasirox
3) By Treatment: Supportive Therapy; Growth Factors; Chemotherapy; Stem Cell Transplant; Other Treatments
4) By Route Of Administration: Oral; Injectable; Other Routes Of Administrations
5) By End-Users: Hospitals; Homecare; Specialty Centers; Other End-Users
Subsegments:
1) By Myelodysplastic Syndrome With Unilineage Dysplasia: Type Of Dysplasia; Patient Demographics
2) By Myelodysplastic Syndrome With Multilineage Dysplasia: Severity Of Dysplasia; Patient Demographics
3) By Myelodysplastic Syndrome With Ring Sideroblasts: Percentage Of Ring Sideroblasts; Treatment Options
4) By Other Types: Specific Types; Treatment Options
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Which Top Companies are Driving Growth in the Myelodysplastic Syndrome Market?
Major companies operating 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.
Which Regions Will Dominate the Myelodysplastic Syndrome Market Through 2029?
North America was the largest region in the myelodysplastic syndrome market in 2024. The regions covered in myelodysplastic syndrome (MDS) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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