Industry Background:
Myelodysplastic syndrome (MDS) is a type of cancer which is caused due to the protection of abnormal blood cell in bone marrow. Bone marrow failure leads to a drop in the number of healthy blood cells in the body. MDS is caused by mutation of one or more genes that control the development of blood cells. Rising awareness about the disease and its symptoms with advanced methods and techniques for diagnosis and treatment for various forms of the disease is propelling the market for Myelodysplastic syndrome.
According to AMA, the market for Myelodysplastic Syndrome is expected to register a CAGR of 12.5% during the forecast period to 2026. This growth is primarily driven by Increase in Geriatric Population, Growing Number of Cancer Patients with Various Types of Cancer and Increasing Healthcare Spending Across the Globe.
Globally, a noticeable market trend is evident Blood Marrow Disorder Diagnosis and Treatment Medical procedure is Highly used for Myelodysplastic Syndrome. The Diseases & Therapeutic Areas sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Novartis International AG (Switzerland), Bellicum Pharmaceuticals, Inc. (United States), Amgen Inc. (United States), Actinium Pharmaceuticals (United States), Eli-lilly (United States), GlaxoSmithKline (United Kingdom), Takeda Pharmaceutical Company Limited (Japan), Celator Pharmaceuticals (United States), Celgene (United States), Acceleron Pharma (United States), BioLineRx (Isreal) and Rafael Pharmaceuticals (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 30th July 2020, Takeda Pharmaceutical Company Limited announced that the U.S. Food and Drug Administration (FDA) granted Breakthrough Therapy Designation for its investigational drug pevonedistat for the treatment of patients with higher-risk myelodysplastic syndromes (HR-MDS).
Regulatory Insights:
"On 7th July 2020, the U.S. Food and Drug Administration approved Inqovi (decitabine and cedazuridine) tablets for the treatment of adult patients with myelodysplastic syndromes (MDS) and chronic myelomonocytic leukemia (CMML). This represents an important advance in treatment options for patients with MDS, a type of blood cancer, who previously needed to visit a health care facility to receive intravenous therapy. "
Market Drivers
- Increase in Geriatric Population
- Growing Number of Cancer Patients with Various Types of Cancer
- Increasing Healthcare Spending Across the Globe
Market Trend
- Blood Marrow Disorder Diagnosis and Treatment Medical procedure is Highly used for Myelodysplastic Syndrome
Restraints
- Lack of Awareness about the Severity of Myelodysplastic Symptoms
- High Treatment Cost Might Be the Reason for Negligence to Myelodysplastic Syndromes
Opportunities
Research and Development for Myelodysplastic Syndrome (MDS) Treatment and Government Support and Initiatives for Diagnosis and Treatment for Cancer
Challenges
Lack of Reach of Myelodysplastic Syndrome Treatment and Care in Rural Region of the World
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Myelodysplastic Syndrome Study Sheds Light on
The Myelodysplastic Syndrome Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Myelodysplastic Syndrome industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Myelodysplastic Syndrome industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.