LONDON--(BUSINESS WIRE)--The global myelodysplastic syndrome therapeutics market 2018-2022 is expected to post a CAGR of close to 3% during the forecast period, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the need for cost-effective stem cell therapies. Currently, stem cell transplant (SCT) is the only curative option for myelodysplastic syndrome (MDS), although many candidates may not be eligible for this. In this treatment, a patient receives high-dose chemotherapy or total body irradiation, followed by an infusion of new blood-forming stem cells.
This market research report on the global myelodysplastic syndrome therapeutics market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
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In this report, Technavio highlights the high incidence in older population as one of the key emerging trends in the global myelodysplastic syndrome therapeutics market:
Global myelodysplastic syndrome therapeutics market: High incidence in older population
As per Surveillance, Epidemiology, and End Result program (SEER) program data on MDS in the US, the incidence is higher in the elderly population (above 60 years), and the risk increases in older people, who are in their 70s. The incidence rate of MSD has been increasing in the population. Early diagnosis is a key factor determining the response rate and affects the overall prognosis of the disease in the population.
“High cost of disease-management is another emerging trend in the myelodysplastic syndrome therapeutics market. SCT is associated with significant costs related to hospital stay, laboratory, and other activities, and search for donor for allogenic SCT,” says a senior analyst at Technavio for research on infectious and rare diseases.
Global myelodysplastic syndrome therapeutics market: Segmentation analysis
This market research report segments the global myelodysplastic syndrome therapeutics market by geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with close to 55% of the market share, followed by APAC and EMEA respectively. The dominance of the region can be due to the fact that globally, the incidence of MDS is expected to surge with the rise in aging population, but, limited data statistics are available for MDS as a separate entity, across registries, in all regions, except the US.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market sizing
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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