Future Growth Forecast For The Myeloproliferative Disorders Drugs Global Market 2023-2032
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As per The Business Research Company’s Myeloproliferative Disorders Drugs Global Market Report 2023, The global myeloproliferative disorders drugs market is expected to grow from $8.63 billion in 2022 to $9.11 billion in 2023 at a compound annual growth rate (CAGR) of 5.6%. The global myeloproliferative disorders drugs market size is expected to reach $10.62 billion in 2027 at a CAGR of 3.9%.
What was the major driver in the myeloproliferative disorders drugs market?
The increasing prevalence of myeloproliferative disorders is likely to drive the growth of the myeloproliferative disorder medications market in the future. Myeloproliferative disorders are a group of diseases differentiated from acute leukaemia by the presence of one or more hematologic cell lines in peripheral blood. Genetic problems, overexposure to radiation, electrical wiring, or toxins, and the ageing population are all contributing to the growth in myeloproliferative disorders. Myeloproliferative illness medicines suppress downstream phosphorylation of the target protein by binding to the ATP pocket in the active site. This aids in the therapy of the myeloproliferative condition. For example, chronic myelogenous leukaemia was more common in men in August 2022, according to the National Institute of Health, a US-based medical research agency, with an incidence rate of roughly 2.4 new cases per 100,000 compared to 1.4 new cases per 100,000 in women, compared to 1.7 new cases per 100,000 men and women per year in 2020. As a result, the rising prevalence of myeloproliferative diseases is propelling the myeloproliferative disorders medication market forward.
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What was the key trend in the myeloproliferative disorders drugs market?
Product innovation has emerged as a prominent trend gaining traction in the market for myeloproliferative disease medications. Major businesses in the myeloproliferative disorder market are focusing their efforts on developing innovative products in order to increase their market position. For instance, in April 2020, Bristol Myers Squibb, a US-based biopharmaceutical company, received approval for REBLOZYL (luspatercept-aamt) by the US Food and Drug Administration for the treatment of anaemia in adult patients with very low- to intermediate-risk myelodysplastic syndromes with ring side oblasts (MDS-RS) or myeloproliferative neoplasms with ring side oblasts and thrombocytosis (MDS/MPN-RS-T). It is a prescription injection-only medicine used to treat anaemia in individuals who require regular red blood cell transfusions who have not responded well to or are unable to take other types of medications.
Which was the largest region in the myeloproliferative disorders drugs market?
North America was the largest region in the myeloproliferative disorders drugs market in 2022. Asia-Pacific is expected to be the fastest-growing region in the global myeloproliferative disorders drugs market report during the forecast period. The regions covered in the global myeloproliferative disorder drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the myeloproliferative disorders drugs market prominent players?
Major players in the myeloproliferative disorders drugs market are Novartis AG, Bristol-Myers Squibb Company, Pfizer Inc., Takeda Pharmaceutical Company Limited, Teva Pharmaceutical Industries Ltd., Incyte Corporation, Eli Lilly and Co, F Hoffmann-La Roche Ltd., Mylan NV, Fresenius Kabi AG, Hikma Pharmaceuticals PLC, GSK Plc, Bayer AG, Sun Pharmaceutical Industries Ltd., Boehringer Ingelheim International Gmbh, Sanofi Aventis inc., AstraZeneca AB, and Apotex Inc.
Key myeloproliferative disorders drugs market segments
The global myeloproliferative disorders drugs market is segmented –
1) By Type: Primary Myelofibrosis, Polycythemia Vera (PV), Essential Thrombocythemia (ET), Chronic Eosinophilic Leukemia Or Hyper eosinophilic Syndrome (HES), Systemic Masto cytosis (SM)
2) By Drug Type: JAK2 Inhibitors, Anti-Neoplastics, Demethylation Agents, Imatinib Mesylate, Other Drug Types
3) By Route Of Administration: Oral, Parenteral, Other Routes Of Administration
4) By Distribution Channel: Hospital Pharmacy, Retail Stores, Drug Stores
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