Global Myelodysplastic Syndromes Market Set to Grow with CAGR of 11.9% By 2026 With Leading Players
Global myelodysplastic syndromes market is rising gradually with a healthy CAGR of 11.09% in the forecast period of 2019-2026. Increasing geriatric population, growing awareness about the diseases and improving healthcare expenditure are some major drivers for the market growth.
Competitive Analysis:
Global myelodysplastic syndromes market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of myelodysplastic syndromes market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Global myelodysplastic syndromes market By Type (Myelodysplastic Syndrome with Unilineage Dysplasia, Myelodysplastic Syndrome with Multilineage Dysplasia, Myelodysplastic Syndrome with Ring Sideroblasts, Others), Diagnosis (Complete Blood Count, Bone Marrow Aspiration, Biopsy, Others), Treatment (Medication, Blood Transfusion, Bone Marrow Transplantation, Others), Route of Administration (Oral, Injectable and Others), End Users (Hospitals, Homecare, Specialty Clinics, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy, Others)
Market Definition: Global Myelodysplastic Syndromes MarketMyelodysplastic syndromes are a rare group of hematological diseases that are caused by formation of abnormal blood-forming cells in the bone marrow. It occurs due to the mutation of one or more genes which controls the development of blood cells. These are also referred as bone marrow failure disorder. In myelodysplastic syndrome the bone marrow fails to produce healthy red blood cells, white blood cells and or platelets. The most common symptoms of myelodysplastic syndromes are fatigue, weakness, shortness of breath, bone pain and others. The symptoms and severity of MDS varies from person to person.
The prevalence of MSD is estimated to be approximately 22 to 45 cases per 100,000 people over the age of 70. This disease occurs slightly more in males than females. MSD can develop in any age group but it mostly affects population over the age of 60 years.
Market Drivers
- Increasing geriatric population which has a tendency of getting effected with myelodysplastic syndrome acts as a market driver
- Technological advancements in the sequencing technologies also drives this market growth
- Government initiatives for research and development of target specific therapies and favorable reimbursement policies will also boost this market growth in the forecast period
- Growing awareness about the diseases associated with MDS is expected to drive the market growth
Market Restraints
- High cost therapies of myelodysplastic syndromes restricts the market growth
- Novel treatment options due to the complexity and heterogeneity of can hamper the market growth
Segmentation: Global Myelodysplastic Syndromes Market
By Type
- Myelodysplastic Syndrome with Unilineage Dysplasia
- Myelodysplastic Syndrome with Multilineage Dysplasia
- Myelodysplastic Syndrome with Ring Sideroblasts
- Others
By Diagnosis
- Complete Blood Count
- Bone Marrow Aspiration and Biopsy
- Others
By Treatment
- Medication
- Blood Transfusion
- Bone Marrow Transplantation
- Others
By Route of Administration
- Oral
- Injectable
- Others
By End Users
- Hospitals
- Homecare
- Specialty Clinics
- Others
By Distribution Channels
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
- Others
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