Myeloproliferative Disorders Drugs Market Worth $9.26 Billion By 2023

Myeloproliferative Disorders Drugs Market Growth & Trends

The global myeloproliferative disorder drugs market size is expected to be valued at USD 9.26 billion by 2023, as per a new report by Grand View Research, Inc., expanding at a CAGR of 3.4% during the forecast period. Availability of novel drugs, the presence of a strong pipeline, rising incidence of myeloproliferative disorders due to changing lifestyles, growing geriatric population, and increasing public awareness are some of the primary growth stimulants for the market. Therapeutic development in the second-line setting for Jakafi-intolerant patients is estimated to work in favor of the Ph- MPNs market.

Chronic myeloproliferative disorders are rare hematological malignances that involve the abnormal accumulation of mature myeloid cells (red blood cells, granulocytes, and platelets) and their precursors (myelocytes, metamyelocytes, nucleated red blood cells, and megakaryocytes) in the peripheral blood and bone marrow. This class of disorder includes four main myeloproliferative diseases, which are further categorized by the presence of the Philadelphia chromosome.

There is a higher incidence of myeloproliferative disorders in North America and Western Europe as compared to East-Asian countries. Most patients are diagnosed with MPNs after 60 years of age, however, the diseases can occur in any age group. The U.S. will be the most prominent market for myeloproliferative disorders drugs owing to the presence of a large target population.

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Myeloproliferative Disorders Drugs Market Report Highlights

• The U.S. accounted for more than 45.0% of the market in 2017. Spiraling adoption of novel therapeutics and multiple product launches during the forecast period are anticipated to support the prominence of the market in the global arena over the coming years

• Strong unmet needs are likely to shape the future of the market and encourage the development of breakthrough first-in-class therapies. Opportunities remain in the Ph- MPNs setting where there exists an unmet need for a safer drug than Jakafi with higher cure rates and lesser allergic effects

• Some of the key market participants are Novartis, Bristol-Myers Squibb, Pfizer, Takeda, Incyte, and Teva. Primary go-to strategies of prominent players include collaborations for the development and regional expansion in emerging markets.

Myeloproliferative Disorders Drugs Market Segmentation

Grand View Research has segmented the global myeloproliferative disorder drugs market based on indication and seven major markets:

Myeloproliferative Disorders Drugs Indication Outlook (Revenue, USD Million, 2017 - 2023)

• Ph+ Chronic myelogenous leukemia (CML)

• Ph- Myeloproliferative Neoplasms (MPNs)

• Myelofibrosis (MF)

• Polycythemia Vera (PV)

• Essential thrombocythemia (ET)

Myeloproliferative Disorders Drugs Country Outlook (Revenue, USD Million, 2017 - 2023)

• The U.S.

• The U.K.

• Germany

• France

• Italy

• Spain

• Japan