The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global myelodysplastic syndrome drugs market 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 global myelodysplastic syndrome drugs market size is expected to reach $2.98 billion in 2027 at a CAGR of 9.5%.

North America held the largest myelodysplastic syndrome drugs market share, and Asia-Pacific was the fastest-growing region in 2022.

Myelodysplastic Syndrome Drugs Market Driver
The rising prevalence of myelodysplastic syndrome is projected to move the myelodysplastic syndrome medicine market forward in the future years. Myelodysplastic syndrome (MDS) is a set of diseases characterised by aberrant blood cell formation and maturation in the bone marrow. It is a form of blood cancer that predominantly affects healthy blood cell development. Myelodysplastic syndrome medicines are used to treat myelodysplastic syndrome by inhibiting or modulating the immune system in order to reduce the need for red blood cell transfusions. According to the Leukaemia & Lymphoma Society, a US-based charitable organisation, 20,000 new cases of MDS are registered in the United States each year, making it one of the most common blood cancers in July 2020. As a result, an increase in myelodysplastic syndrome occurrences is driving the expansion of the myelodysplastic syndrome medicine market.

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Prominent Myelodysplastic Syndrome Drugs Market Trend
The primary trend gaining traction in the myelodysplastic syndrome medication market is research innovation. To increase their market position, major companies in the myelodysplastic syndrome drug sector are focusing on developing new technology and innovative solutions. For example, Novartis, a Swiss pharmaceutical manufacturer, has gained FDA fast track designation for Sabatolimab (MBG453) in myelodysplastic syndromes in May 2021. 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 AML. The designation of fast track expedites the development and approval of drugs to treat critical illnesses and fulfil unmet medical needs.

Myelodysplastic Syndrome Drugs Market Prominent Players
Major players in the myelodysplastic syndrome drugs market are Amgen Inc., Celgene Corporation, Otsuka Pharmaceutical Co. Ltd., Takeda Pharmaceutical Company Limited, Cipla Limited, Dr. Reddy’s Laboratories Ltd., Lupin Ltd., Onconova Therapeutics Inc., Sun Pharmaceutical Industries Limited, FibroGen Inc., Aprea Therapeutics, Bayer AG, Bristol Myers Squibb, Celator Pharmaceuticals, and Crystal Genomics Inc.

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Key Myelodysplastic Syndrome Drugs Market Segments
1) By Therapeutic Class: Immunomodulatory Drugs, Hypomethylating Agents, Anti-anemics
2) By Type of Syndrome: Refractory Cytopenia With Multilineage Dysplasia, Refractory Anemia, Refractory Anemia With Excess Blasts, Refractory Anemia With Ringed Sideroblasts
3) By Route of Administration: Oral, Parenteral
4) By Applications: Original, Generics
5) By End-User: Hospitals, Clinics, Ambulatory Surgical Centers

The Myelodysplastic Syndrome Drugs Global Market Report 2023  provides a comprehensive overview on the myelodysplastic syndrome drugs market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the myelodysplastic syndrome drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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