MYELOFIBROSIS TREATMENT MARKET ANALYSIS

Myelofibrosis Treatment MarketSize and Trends

Increase in FDA approval of pipeline drugs is expected to drive the market

Growing prevalence of myelofibrosis in developing economies drives the demand for various treatment options for myelofibrosis. The market is expected to grow owing to heavy investments in research and development, appropriate reimbursement conditions, and a large pool of patients living with myelofibrosis. In addition, the market growth can be attributed to other factors including lifestyle up-gradation, unmet medical needs of the patients, increasing incidences of genetic disorders, and escalating smoking population. The market is expected to gain significant traction with the medical advancements focusing patients suffering from myelofibrosis. For instance, development of a molecule, CYT387 or Momelotinib, by Gilead Sciences for treating primary myelofibrosis and the innovation of current drug, ruxolitinib, by Incyte Corporation to develop a substitute dosing strategy in patients with myelofibrosis.

Myelofibrosis Treatment Market Taxonomy

The global myelofibrosis treatment market is segmented on the basis of diagnosis, treatment, end user, and geography.

On the basis of diagnosis, the global myelofibrosis treatment market is segmented into:

• Gene Mutation Analysis
• Bone Marrow Biopsy
• Imaging Tests
• Blood Tests

On the basis of treatment, the global myelofibrosis treatment market is segmented into:

• Chemotherapy
• Blood Transfusions
• Stem Cell Transplant
• Splenectomy
• Radiation Therapy
• Others

On the basis of end user, the global myelofibrosis treatment market is segmented into:

• Hospitals
• Clinics
• Bone Marrow Transplant Centers

North America to dominate the market with the rising prevalence of myelofibrosis and favorable reimbursement scenario

Regional segmentation of the global myelofibrosis treatment market by Coherent Market Insights comprises North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to dominate the global myelofibrosis treatment market owing to the growing public awareness, high prevalence of the disease, favorable reimbursement policies, and a higher percentage of the income spent on healthcare. According to the American Society of Hematology 2016, myelofibrosis is a potentially life-threatening blood cancer that affected approximately 20,000 Americans. Asia Pacific is expected to hold a large share of the global market during the forecast period owing to increased disposable incomes, high geriatric population, and improved healthcare facilities.