The fight against myelodysplastic syndrome (MDS) is gaining momentum, with the global Myelodysplastic Syndrome Treatment Market poised for significant growth. According to a recent analysis, the market is set to capture a revenue share of USD 2,990.8 million in 2022 and is projected to reach a substantial USD 5,614.1 million by 2032. This translates to a steady Compound Annual Growth Rate (CAGR) of 5.9% over the next decade.
Myelodysplastic syndromes (MDS) are conditions that can occur when the blood-forming cells in the bone marrow are damaged. This damage leads to low numbers of one or more types of blood cells. MDS is considered as a type of cancer.
Myelodysplastic syndromes are a rare group of disorders in which the body no longer makes enough healthy blood cells. This disorder can also be called “bone marrow failure disorder.”
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The patient pool is more of an age group of 50 or older, but it can happen to younger people, too. This syndrome is more common in men as compared to women.
According to the American Society of Clinical Oncology (ASCO), approximately 13,000 people in the U.S. are diagnosed with MDS each year.
Myelodysplastic Syndrome Treatment Market: Drivers and Restraints
The Myelodysplastic Syndrome Treatment market is expected to mark a significant growth in the coming few years due to increasing mutation in treatments which cause myelodysplastic syndrome. In addition to this, the growing number of patient pool of age 50 and above, and rising government support for cancer treatment tend to propel the market.
However, unawareness about such treatments is one of the major factors that is delaying the growth of this market.
Myelodysplastic Syndrome Treatment Market: Overview
The global market for myelodysplastic syndrome treatment is expected to witness high growth over the forecast period due to increasing incidences of myelodysplastic syndrome. In the U.S., myelodysplastic syndromes (MDS) occur at a rate of 4.8 cases for every 100,000 people. That works out to about 13,000 new cases of MDS each year. The number of new cases diagnosed each year seems to be increasing as the average age of the population increases. (Source: American Cancer Society).
Furthermore, diagnosis techniques such as blood count, peripheral blood smear test, microscopic exams, cytochemistry, flow cytometry and immunotherapy, cytogenetics, FISH, and PCR help in the detection of MDS, also a key factor that is propelling the myelodysplastic syndrome treatment market towards growth.
Myelodysplastic Syndrome Treatment Market: Regional Outlook
Geographically, the global myelodysplastic syndrome treatment market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North America and Europe together dominate the global myelodysplastic syndrome treatment market due to the presence of a large population suffering from bone marrow disease, a rise in healthcare expenditure, and increasing demand for myelodysplastic syndrome treatment by the end users. Asia Pacific’s myelodysplastic syndrome treatment market is expected to be one of the fastest growing markets due to the increasing number of patients with blood marrow disorders.
Myelodysplastic Syndrome Treatment Market: Key Players
The market for myelodysplastic syndrome treatment is consolidated with the presence of a few strong players. Some of the players identified in the global myelodysplastic syndrome treatment market include Celgene Corporation, Otsuka Holdings Co., Ltd., Sandoz, Inc., Dr. Reddy’s Laboratories, Inc., Accord Healthcare Ltd., Mylan N.V., Pfizer, Inc., etc.
The report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
The report covers an exhaustive analysis on
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
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Regional analysis includes
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
- Eastern Europe (Russia, Poland, Rest of Eastern Europe)
- Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
- Japan
- The Middle East and Africa (GCC, South Africa, Rest of MEA)
Myelodysplastic Syndrome Treatment Market: Segmentation
Tentatively, the global myelodysplastic syndrome treatment market has been segmented based on types, treatments, patient groups, and geography
Based on Type
- Refractory cytopenia with unilinear dysplasia (RCUD)
- Refractory anemia with ringed sideroblasts (RARS)
- Refractory cytopenia with multilineage dysplasia (RCMD)
- Refractory anemia with excess blasts-1 (RAEB-1)
- Refractory anemia with excess blasts-2 (RAEB-2)
- Myelodysplastic syndrome, unclassified (MDS-U)
- Myelodysplastic syndrome associated with isolated del(5q)
Based on treatment
- Chemotherapy
- Immunotherapy
- Stem cell transplantation/bone marrow transplantation
- Growth Factors
Based on the patient group
- Above 50 years
- Below 50 years
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