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Myelofibrosis Treatment Market

Myelofibrosis Treatment Market by Diagnosis Type (Gene Mutation Analysis, Bone Marrow Biopsy, Imaging Test, and Blood Test), Drug Type (Hydroxyurea, Immunomodulators, JAK Inhibitor, and Others), Treatment Type (Blood Transfusion, Chemotherapy, Androgen Therapy, Stem Cell/Bone Marrow Transplantation, and Others), and End User (Hospitals, Clinics, Bone Marrow Transplant Centers, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

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Mar 2022 | 29 Views
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Pandemic disrupted the entire world and affected many industries.

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Myelofibrosis, also known as osteomyelofibrosis, is a myeloproliferative condition characterized by the proliferation of defective hematopoietic stem cell clones. Myelofibrosis is an uncommon form of persistent leukemia that compromises the bone marrow's ability to make blood. The National Institute of Health (NIH) classified it as a rare disease since the prevalence of myelofibrosis in the UK is as low as 0.5 cases per 100,000 people.

Myelofibrosis is caused by a genetic abnormality in bone marrow stem cells. The disease is reported to develop primarily in adults over the age of 50 and exhibits no symptoms in the early stages. Myelofibrosis is commonly accompanied by symptoms such as weakness, fatigue, anemia, splenomegaly (spleen enlargement), and gout. However, the disease advances slowly and only 10% of patients acquire acute myeloid leukemia. Myelofibrosis treatment options are mostly focused on preventing the problems associated with low blood count and splenomegaly.

Market Scope and Structure Analysis

Report Metric


Market Size Available for Years


  Base Year Considered


  Forecast Period


  Forecast Unit

  Value (USD)

  Segments Covered

  Product Type, Application, End User, and Region

  Companies Covered

Incyte Corporation, Novartis AG, Celgene Corporation, Mylan Pharmaceuticals Ulc., Bristol-Myers Squibb Company, Eli Lilly and Company, Taro Pharmaceuticals Inc., AllCells LLC, Lonza Group Ltd., and ATCC Inc.


COVID-19 Impact Analysis

Pharmaceutical and biotech companies together with the governments are working to address the COVID-19 outbreak globally, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, about 115 vaccine samples and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as Hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industry is expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This in turn is expected to have a significant impact on the global myelofibrosis treatment market. 

Top Impacting Factors

  • The rise in the prevalence of genetic abnormalities, improved lifestyle choices, and the increase in smoking population are factors are anticipated to propel the global myelofibrosis treatment market in the coming years.
  • The market is likely to expand further as a result of significant investments in research and development, improved reimbursement policies, and a big pool of people living with myelofibrosis.
  • Furthermore, the rise in government investments in healthcare infrastructure, particularly in developing countries, is expected to fuel market expansion.
  • The easy availability of chemotherapeutic drugs is expected to generate profitable growth prospects for the global myelofibrosis treatment market during the forecast period.
  • On the contrary, a lack of awareness and the high cost of treatment are anticipated to impede the growth of the global myelofibrosis treatment market.

Market Trends

New Product Launches to Flourish Myelofibrosis Treatment Market

In June 2021, CTI BioPharma Corp. announced that the U.S. Food and Drug Administration (USFDA) accepted its New Drug Application (NDA) for pacritinib as a treatment for myelofibrosis patients with severe thrombocytopenia (platelet counts less than 50 x 109/L), with the NDA being granted Priority Review. The Prescription Drug User Fee Act (PDUFA) target action date was November 30, 2021. The FDA is planning to not hold an advisory committee meeting to discuss the NDA currently.

Key Benefits of Report

  • This study presents the analytical depiction of the myelofibrosis treatment along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the myelofibrosis treatment market share.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the myelofibrosis treatment market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the myelofibrosis treatment market.
  • The report provides a detailed myelofibrosis treatment market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in Myelofibrosis Treatment Market Report

  • Who are the leading market players active in the myelofibrosis treatment market?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the myelofibrosis treatment market?
  • What future projections would help in taking further strategic steps?
  • What is myelofibrosis treatment?
  • What is the myelofibrosis treatment market prediction for the future?
  • Who are the leading global players in the market?
  • What are the current trends and predicted trends?
  • What are the key benefits of the market report?

Key Market Segments

Segments Sub-segments
Diagnosis Type
  • Gene Mutation Analysis
  • Bone Marrow Biopsy
  • Imaging Test
  • Blood Test
Drug Type
  • Hydroxyurea
  • Immunomodulators
  • JAK Inhibitor
  • Others
Treatment Type
  • Blood Transfusion
  • Chemotherapy
  • Androgen Therapy
  • Stem Cell/Bone Marrow Transplantation
  • Others
End User
  • Hospitals
  • Clinics
  • Bone Marrow Transplant Centers
  • Others
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA
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