
The U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment market is expected to reach US$ 3,404.1 Mn by 2028 from US$ 2,042.6 Mn in 2020, at a CAGR of 7.6%. The base year considered for the study is 2020 and the forecast period 2021-2028.
In myelodysplastic syndrome (MDS), some of the blood forming cells in bone marrow become abnormal and have problems in forming new and mature blood cells. The immature blood cells called as blasts get stored in the bone marrow and blood, and obstruct the natural function of the hematological system, which results in depletion of healthy red blood cells, platelets, and white blood cells. It is usually observed in geriatric population and more often in older men compared to women. For instance, according to the American Society of Clinical Oncology (ASCO), age plays an important role in the occurrence of myelodysplastic syndrome, as most of the people diagnosed with the disease are of age 65 and older.
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The rising efforts made by pharmaceutical companies to introduce highly effective therapies for MDS is a major factor that is expected to drive growth of the U.S., Europe, and China myelodysplastic syndrome (MDS) treatment market over the forecast period. Moreover, increasing knowledge regarding the disease and its symptoms with advanced methods and techniques for early diagnosis and treatment for various forms of the MDS are supporting the market growth. Key pharmaceutical organizations in the U.S, Europe, and China myelodysplastic syndrome (MDS) treatment market such as Celgene are focusing on research and development (R&D) of MDS specific drugs and several of their drugs are showing potential in the clinical trials. For instance, in July 2018, Celgene (a part of Bristol Myers Squibb) and Acceleron collaborated and announced that luspatercept which is a medication used in the management and treatment of anemia in myelodysplastic syndromes, achieved all primary and key secondary endpoints in the phase III MEDALIST and BELIEVE trials in patients with low-to-intermediate risk myelodysplastic syndrome (MDS) and transfusion-dependent beta thalassemia, respectively.
U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment Market Report Coverage
| Report Coverage |
Details |
| Base Year: |
2020 |
Market Size in 2020: |
US$ 2,042.6 Mn |
| Historical Data for: |
2017 to 2019 |
Forecast Period: |
2020 to 2027 |
| Forecast Period 2020 to 2027 CAGR: |
7.6% |
2028 Value Projection: |
US$ 3,404.1 Mn |
| Geographies covered: |
- U.S., Europe (U.K., Germany, Italy, France, Spain, Russia, Rest of Europe), and China
|
| Segments covered: |
- By Drugs: Lenalidomide, Decitabine, Azacitidine, Luspatercept, Phase 3 Drugs
- By Route of Administration: Injection, OralOthers
- By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
|
| Companies covered: |
Bristol Myers Squibb, Otsuka Pharmaceutical Co., Ltd., Teva Pharmaceutical Industries Ltd., Mylan N.V., Dr. Reddy’s Laboratories Ltd., Sun Pharmaceutical Industries Limited, Cipla Limited, Acceleron Pharma, Inc., Onconova Therapeutics, Inc., Aprea Therapeutics, Geron, Fibrogen, Inc., Jazz Pharmaceuticals, AbbVie Inc., Lixte Biotechnology Holdings, Inc., Gilead Sciences, CrystalGenomics, Inc., ALX Oncology Inc., and Keros Therapeutics. |
| Growth Drivers: |
- Growing effort to introduce highly effective therapies for various MDS types
- Rising implications like aging population diagnosed with myelodysplastic syndrome (MDS)
|
| Restraints & Challenges: |
- Complexity of hematopoietic dysfunction in myelodysplastic syndrome (MDS)
|
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The objectives of this study are as follows:
To define, describe, and forecast the U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment market by product & service, technique, design, application, end user, and region
To provide detailed information regarding the major factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
To analyze market opportunities for stakeholders and provide details of the competitive landscape for the key players
To forecast the size of the market with respect to five regions: North America, Europe, Asia Pacific, and the Rest of the World
To profile the key players and comprehensively analyze their product portfolios, market positions, and core competencies
To track and analyze competitive developments in the U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment market, such as agreements, collaborations, acquisitions, product launches, expansions, and R&D activities
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This report segments the U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment market into product & service, technique, design, application, end user, and region. Based on products & services, the market is segmented into test kits and testing services. In 2020, the test kits segment accounted for the largest share of the total market. The growing demand for U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment in research as well as diagnostics to understand the genetic variability of chronic disorders is propelling the growth of this U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment market segment.
Based on design, the U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment market is segmented into predesigned and customized panels. The customized U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment segment is expected grow at the highest CAGR during the forecast period. This growth is attributed to the evolving needs of the emerging therapeutic and diagnostic application sectors and the increasing number of clinical and preclinical research studies.
The U.S., Europe, and China Myelodysplastic Syndrome (MDS) Treatment market is fragmented with the presence of several small and big players. Prominent players in this market include Bristol Myers Squibb, Otsuka Pharmaceutical Co., Ltd., Teva Pharmaceutical Industries Ltd., Mylan N.V., Dr. Reddy’s Laboratories Ltd., Sun Pharmaceutical Industries Limited, Cipla Limited, Acceleron Pharma, Inc., Onconova Therapeutics, Inc., Aprea Therapeutics, Geron, Fibrogen, Inc., Jazz Pharmaceuticals, AbbVie Inc., Lixte Biotechnology Holdings, Inc., Gilead Sciences, CrystalGenomics, Inc., ALX Oncology Inc., and Keros Therapeutics.
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