Industry Background:
Myelodysplastic syndrome (MDS) is the type of cancer caused by a mutation of one or more genes that control the production of blood cells. Patients with this condition have higher-risk of acute myeloid leukemia (AML). Some of the symptoms of the MDS are breath, fatigue, easy bruising and paleness. An increasing number of patients with MDS expected to drive the demand for MDS drugs. For instance, according to the American Cancer Society every year approximately 10,000 people in the United States are diagnosed with MDS driving the demand for MSD drugs.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Celgene (United States), Amgen (United States), Otsuka (United States), Takeda (Japan), Pfizer Inc. (United States), Eli Lilly & Company (United States), Bristol-Myers Squibb Company (United States), F. Hoffman-La Roche Ltd. (Switzerland), Becton (United States), Novartis AG (Switzerland), Ipsen Biopharmaceuticals Inc. (United States), Thermo Fisher Scientific (United States), Abbott Laboratories (United States), GE Healthcare (United States) and Agilent Technologies Inc. (United States) |
This growth is primarily driven by Rise in Number of Patients with Rare Cancers and Growing Geriatric Population Myelodysplastic Syndrome (MSD) for People in their 70s.
Globally, a noticeable market trend is evident Rise in Demand of Immunomodulatory Drugs for MSD Treatment
Major Players, such as Celgene (United States), Amgen (United States), Otsuka (United States), Takeda (Japan), Pfizer Inc. (United States), Eli Lilly & Company (United States), Bristol-Myers Squibb Company (United States), F. Hoffman-La Roche Ltd. (Switzerland), Becton (United States), Novartis AG (Switzerland), Ipsen Biopharmaceuticals Inc. (United States), Thermo Fisher Scientific (United States), Abbott Laboratories (United States), GE Healthcare (United States) and Agilent Technologies Inc. (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. Number of players are present in the market hence fragmented nature of the market. The increasing number of patients with cancer globally driving the demand for novel drugs and treatment. For instance, according to the World Health Organization cancer is the second leading cause of death and led to 9.6 million deaths globally in 2018. Further, growth in healthcare infrastructure in developing countries expected to generate lucrative opportunities for the companies involved in the MDS drug manufacturing.
Key Developments in the Market:
In Oct. 2023 Servier, a leader in oncology committed to bringing the promise of tomorrow to the patients we serve, today announced the U.S. Food and Drug Administration (FDA) has approved TIBSOVO® for the treatment of patients with isocitrate dehydrogenase 1 (IDH1)-mutated relapsed or refractory (R/R) myelodysplastic syndromes (MDS).
Regulatory Insights:
“The U.S. Food and Drug Administration (FDA) has approved three medicines to treat MDS: Azacitidine (Vidaza) for both low- and high-risk patients with all sub-types of MDS, Decitabine (Dacogen) for both low- and high-risk patients with all sub-types of MDS, Lenalidomide (Revlimid) for transfusion-dependent MDS patients with isolated Del (5q) and with a low or intermediate-1 risk IPSS score.”
Influencing Trend:
Rise in Demand of Immunomodulatory Drugs for MSD Treatment and Emphasizing On Hematopoietic Stem Cell Transplantation (ASCT) Therapy for MSD
Market Growth Drivers:
Rise in Number of Patients with Rare Cancers and Growing Geriatric Population Myelodysplastic Syndrome (MSD) for People in their 70s
Challenges:
Lack of Advanced Healthcare Facilities in the Emerging Countries
Restraints:
High Cost Associated With MSD Treatment and Diagnosis
Opportunities:
Development in the Novel and Targeted Therapies Such As Immune Suppression for the Treatment of MDS and Increasing Healthcare Infrastructure in Developing Countries
AMA Research follows 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 showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze 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 includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Myelodysplastic Drugs Market
- Analysis about New Entrants in Myelodysplastic Drugs Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Myelodysplastic Drugs Study Sheds Light on
The Myelodysplastic Drugs Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Myelodysplastic Drugs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Myelodysplastic Drugs industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, 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 the value they currently claim or capture the new addressable opportunity.