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Myeloproliferative Disorders Drugs/Treatment Market size was valued at USD 9.3 billion in 2023 and is expected to grow at a CAGR of 3.2% between 2024 and 2032. The market is experiencing significant growth due to the availability of novel drugs and a robust pipeline that has broadened the treatment options and stimulated innovation for rare disease treatment. Additionally, the rising incidence of myeloproliferative disorders, attributed to an aging population, changing lifestyles, and increased public awareness, further boosts market growth.
For instance, the Surveillance, Epidemiology, and End Results (SEER) program of the National Cancer Institute estimates that approximately 20,000 people are diagnosed with a myeloproliferative neoplasm (MPN) each year in the U.S., with around 295,000 people living with an MPN. Moreover, the growing awareness about MPDs among both patients and healthcare providers is leading to early diagnosis and treatment, driving market growth.
Myeloproliferative disorder treatment refers to therapeutic interventions designed to manage and mitigate the symptoms and progression of myeloproliferative disorders, a group of rare haematological conditions characterized by the overproduction of blood cells in the bone marrow.
The JAK inhibitors segment is anticipated to witness 3.1% CAGR over 2024-2032, owing to the growing research on introducing effective treatments for the rare hematological disorder.
North America market accounted for 41.9% revenue share in 2023, owing to the presence of advanced healthcare infrastructure and facilities in the region.
The market size of myeloproliferative disorders drugs/treatment reached USD 9.3 billion in revenue in 2023 and is set to witness 3.2% CAGR through 2032, driven by the increasing availability of novel drugs worldwide.
Some top myeloproliferative disorders drugs/treatment firms are AbbVie Inc., Bristol-Myers Squibb Company, Eli Lilly and Company, GlaxoSmithKline plc (GSK), GL Pharma Gmb, Incyte Corporation, Janssen Biotech, Inc. (Johnson & Johnson), MorphoSys AG, Mylan N.V. (Viatris), Novartis Pharmaceuticals Corporation (Novartis AG), Takeda Pharmaceutical Company Limited, and Teva Pharmaceutical Industries Ltd.