MYELODYSPLASTIC SYNDROME TREATMENT MARKET ANALYSIS

Myelodysplastic Syndrome Treatment MarketSize and Trends

Global myelodysplastic syndrome (MDS) treatment market is estimated to be valued at US$ 3,265.6 million in 2022 and is expected to exhibit a CAGR of 9.3% during the forecast period (2022-2030).

Figure 1. Global Myelodysplastic Syndrome (MDS) Treatment Market Share (%), by Distribution Channel, 2022

Government organizations and drug manufacturing companies are focusing on spreading awareness about the myelodysplastic syndrome (MDS) disease, which is expected to drive the myelodysplastic syndrome (MDS) treatment market growth.

Government organizations and drug manufacturing companies are focusing on spreading awareness about the myelodysplastic syndrome (MDS) disease by providing funding for research and development of drugs used in the treatment of myelodysplastic syndrome (MDS) and conducting awareness programs about the myelodysplastic syndrome (MDS) disease. For instance, in October 2018, Grupo Biotoscana, a Latin American based biopharmaceutical company conducted a campaign to honor Myelodysplastic Syndrome World Awareness Day, which is celebrated on 25th October. GBT Grupo Biotoscana launched a campaign to raise awareness and educate about the disease.

Figure 2. Global Myelodysplastic Syndrome (MDS) Treatment Market Share (%), by Region, 2022

Increasing regulatory approval of drugs for treating Myelodysplastic Syndrome (MDS) is expected to be a driving factor contributing to growth of the global myelodysplastic syndrome treatment market over the forecast period.

Increasing regulatory approval for the drugs used in the treatment of Myelodysplastic Syndrome (MDS) treatment is expected to drive the market growth over the forecast period. For instance, in November 2018, Lupin received the U.S. Food and Drug Administration approval for its Decitabine for Injection, 50 mg/vial, single-dose vial, a generic version of Otsuka Pharmaceutical Co. Ltd.'s Dacogen for Injection, 50 mg/vial, single-dose vial. Lupin’s generic version is indicated for the treatment of patients with myelodysplastic syndromes (MDS), which includes previously treated and untreated, de novo, and secondary MDS of all French-American-British subtypes.

Moreover, in July 2020, the U.S. Food and Drug Administration approved Inqovi (decitabine and cedazuridine) tablets for treatment of adult patients with myelodysplastic syndromes (MDS) and chronic myelomonocytic leukemia (CMML). This represents an important advancement in treatment options for patients with myelodysplastic syndrome (MDS), a type of blood cancer, who previously used to receive intravenous therapy.

Global Myelodysplastic Syndrome (MDS) Treatment Market– Impact of Coronavirus (COVID-19) Pandemic

Since the COVID-19 virus outbreak in December 2019, the disease has spread to over 100 countries across the globe and the World Health Organization had declared it a public health emergency on January 30, 2020.

COVID-19 can affect the economy in three main ways: by directly affecting production and demand of drugs or medical devices, by creating disruptions in distribution channels, and through its financial impact on firms and financial markets. Due to nationwide lockdowns, several countries, such as China, India, Saudi Arabia, U.A.E., Egypt, and others, are facing problems with regards to the transportation of drugs from one place to another.

However, the COVID-19 pandemic had a negative impact on the global myelodysplastic syndrome (MDS) treatment market, owing to the decreased research and development activities for the drugs used in Myelodysplastic Syndrome (MDS) treatment. For instance, in April 2020, according to the data published by the National Center for Biotechnology information, with increasing cases of infection with 2019-nCoV, several studies have proposed that human-to-human transmission is a probable route for the COVID-19 outbreak. The research and development activities for the drugs to treat coronavirus infection were on priority by key players in market. Key players in market were focusing on the highlights antiviral strategies involving small molecules and biologics targeting complex molecular interactions involved in coronavirus infection and replication. Considering the potential threat of a pandemic, scientists and physicians have been racing to understand this new virus and the pathophysiology of this disease to uncover possible treatment regimens and discover effective therapeutic agents and vaccines. Thus, the research and development activities for the treating Myelodysplastic Syndrome were slowed down.