Add 2 More Reports For 20% off

Report Overview

The myelofibrosis treatment market is expected to grow at a CAGR of 7% during the forecast period of 2024-2032, driven by the growth in drug approvals, the rising development of novel therapeutics, and advancements in diagnostic technologies allowing early diagnosis of myelofibrosis across the 8 major markets.

2023

Base Year

2017-2023

Historical Year

2024-2032

Forecast Year

Myelofibrosis Treatment Market Outlook

  • The surge in drug approvals for myelofibrosis, supported by the presence of a positive regulatory environment, is a major growth driver of the market.
  • One of the significant market trends is the rise in strategic partnerships that are anticipated to accelerate the clinical development and market entry of various promising candidates for myelofibrosis patients.
  • The growing investments in research and development activities and favorable government initiatives are elevating the market value in the forecast period.

Myelofibrosis Treatment Market Overview

Myelofibrosis (MF), a rare disease, is a type of blood disorder called myeloproliferative neoplasm. All myeloproliferative neoplasms are classed as blood cancers by the World Health Organisation (WHO). In people with myelofibrosis, the scar tissue builds up inside the bone marrow due to which blood cells do not develop properly. The condition causes extensive scarring in the bone marrow, leading to severe anemia that can cause weakness and fatigue. A normal blood test, along with a bone marrow biopsy, can help diagnose myelofibrosis in an individual.

The unmet needs of the patients suffering from myelofibrosis are pushing manufacturers to develop new solutions. The growing investments in research and development activities are expected to bolster the growth of the myelofibrosis treatment market in the forecast period. The rapid advancements in technology and the ongoing clinical trials are also projected to elevate the market value. Other factors like improved reimbursement policies, favorable government initiatives, a growing healthcare sector, busy lifestyles and changing dietary patterns, an increase in the smoking population, and a rising incidence of genetic disorders are also contributing to the market expansion. However, limited awareness and high costs involved in treatment might hamper the growth of the market.

Myelofibrosis Treatment Market Growth Drivers

Surge in Drug Approvals to Drive the Market Growth

In September 2023, GSK plc's drug Ojjaara (momelotinib) received the United States Food and Drug Administration (FDA) approval, becoming the first and only treatment indicated for treating myelofibrosis patients with anemia irrespective of prior myelofibrosis therapy. Further, in February 2022, a novel oral kinase inhibitor VONJO (pacritinib), developed by biopharma company CTI BioPharma Corp., received accelerated approval from the FDA for the treatment of adult patients with cytopenic myelofibrosis. The surge in drug approvals for myelofibrosis, supported by the presence of a positive regulatory environment, is driving the market growth.

Myelofibrosis Treatment Market Trends

The market is witnessing several trends and developments to improve the current scenario across the 8 major markets. Some of the notable trends are as follows:

Advancement in Diagnostic Technologies Likely to Boost the Market Size

There is a growing advancement in diagnostic technologies that is enabling early and accurate diagnosis of myelofibrosis. For instance, Next-Generation Sequencing (NGS) helps in obtaining detailed gene profiling and identifying mutations in genes commonly associated with the disease. Moreover, advanced imaging techniques such as Magnetic Resonance Imaging (MRI) aid in the assessment of bone marrow fibrosis and spleen size, thereby helping in diagnosis and monitoring of myelofibrosis.

Growth in Strategic Partnerships to Elevate the Myelofibrosis Treatment Market Value

In June 2024 , Swiss pharma company Novartis AG signed an agreement to acquire MorphoSys AG, a German biopharmaceutical firm specializing in oncology medicines, for a deal amounting to Euro 2.7 billion. Through this acquisition, Novartis intends to expand its oncology pipeline and will gain access to MorphoSys' investigational drug pelabresib (CPI-0610), which in combination with ruxolitinib, is being evaluated in myelofibrosis (MF) patients. Such strategic partnerships are anticipated to accelerate the clinical development and market entry of various promising candidates for myelofibrosis treatment.

Increased Clinical Research to Impact the Market Growth

One of the major market trends is the increased clinical research, supported by significant funding and grants, aimed at developing new therapeutic agents such as JAK inhibitors and other targeted therapies. The growth in the number of clinical trials that are focused on improving treatment efficacy and safety is poised to lead to the development of novel drugs for myelofibrosis.

Innovations in Stem Cell Transplantation to Augment the Myelofibrosis Treatment Market Demand

The rising advancements in stem cell transplantation are significantly boosting the demand for myelofibrosis treatments. Innovations such as reduced-intensity conditioning regimens are allowing safer transplants for older and sicker patients. Additionally, improved donor-matching techniques and greater access to a donor pool through international registries are set to increase the success rates of stem transplants, thereby propelling the market growth.

Myelofibrosis Treatment Market Segmentation

Market Breakup by Type

  • Primary Myelofibrosis
  • Secondary Myelofibrosis

Market Breakup by Treatment Type

  • Target Therapy
  • Chemotherapy
  • Stem Cell Transplant
  • Others

Market Breakup by End-user

  • Hospitals & Clinics
  • Specialty Clinics
  • Cancer Centers
  • Others

Market Breakup by Region

  • United States
  • EU-4 and the United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • United Kingdom
  • Japan
  • India

Myelofibrosis Treatment Market Share

Market Segmentation Based on Treatment Type is Anticipated to Witness Substantial Growth

Based on treatment type, the chemotherapy segment holds a significant share of the market. The growth of the segment can be attributed to the easy availability of drugs required for chemotherapy and the approval of medications such as Ruxolitinib (Jakafi) by the U.S. Food and Drug Administration. Ruxolitinib is a JAK1 and JAK2 inhibitor that targets overactive JAK pathway signaling, which plays a major role in the development of myelofibrosis. The surge in the regulatory approvals of effective chemotherapeutic agents for the treatment of myelofibrosis is aiding the growth of the segment.

Myelofibrosis Treatment Market Analysis by Region

Based on the region, the market for myelofibrosis treatment is expected to be dominated by the United States. The market demand is growing in the region due to the availability of advanced healthcare facilities and heightened public awareness regarding the treatment of cancer. The favorable government initiatives and the growing number of clinical trials are also supporting the market growth. Moreover, countries like India are expected to provide lucrative growth opportunities for market expansion over the forecast period owing to the presence of a large population and rising expansion of healthcare facilities in the region.

Leading Players in the Myelofibrosis Treatment Market

The key features of the market report comprise the patent analysis, clinical trials analysis, grant analysis, funding and investment analysis and strategic initiatives by the leading key players. The major companies in the market are as follows:

GSK plc

British multinational pharma GSK plc (GlaxoSmithKline) has a strong presence in the market. Its novel drug Ojjaara (momelotinib) has received approval from the US Food and Drug Administration (FDA) for the treatment of intermediate or high-risk myelofibrosis in adults with anemia.

The market also includes Eli Lilly and Company, AstraZeneca, Pfizer Inc., Bristol Myers Squibb, AbbVie Inc., and SUN Pharmaceutical Ltd. and others as the key market players.

Key Questions Answered in the Myelofibrosis Treatment Market Report

  • What was the myelofibrosis treatment market value in 2023?
  • What is the myelofibrosis treatment market forecast outlook for 2024-2032?
  • What are the regional markets covered in the EMR report?
  • What is market segmentation based on the type of myelofibrosis treatment?
  • What is the market breakup by treatment type?
  • Who are the major end users in the market?
  • What are the major factors aiding the myelofibrosis treatment market demand? 
  • How has the market performed so far and how is it anticipated to perform in the coming years?
  • What are the market's major drivers, opportunities, and restraints? 
  • Which regional market is expected to lead the market share in the forecast period? 
  • Which country is expected to experience expedited growth during the forecast period? 
  • How do the advancements in bone marrow and stem cell transplantation techniques affect the market landscape?
  • What are the major myelofibrosis treatment market trends?
  • How does the expansion of treatment options impact the market size?
  • Which type of myelofibrosis treatment will dominate the market share? 
  • Which diagnosis is expected to have a high market value in the coming years?
  • Which treatment type will experience the highest demand in the market segment?
  • Which end user is projected to contribute to the highest market growth?
  • Who are the key players involved in the myelofibrosis treatment market?
  • What is the patent landscape of the market?
  • What are the current unmet needs and challenges in the market?
  • How are partnerships, collaborations, and mergers & acquisitions among the key market players shaping the market dynamics?

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2017-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Treatment Type
  • End-user
  • Region
Breakup by Type
  • Primary Myelofibrosis Treatment
  • Secondary Myelofibrosis Treatment
Breakup by Treatment Type
  • Target Therapy
  • Chemotherapy
  • Stem Cell Transplant
  • Others
Breakup by End-user
  • Hospitals & Clinics
  • Specialty Clinics
  • Cancer Centers
  • Others
Breakup by Region
  • United States
  • EU-4 and the United Kingdom
  • Japan
  • India
Market Dynamics
  • Market Drivers and Constraints
  • SWOT Analysis
  • PESTEL Analysis
  • Porter’s Five Forces Model 
  • Key Demand Indicators
  • Key Price Indicators
  • Industry Events, Initiatives, and Trends 
  • Value Chain Analysis
Supplier Landscape
  • Market Structure
  • Company Profiles
    • Financial Analysis
    • Product Portfolio
    • Demographic Reach and Achievements
    • Company News and Developments
    • Certifications
Companies Covered
  • GSK plc
  • Eli Lily and Company
  • AstraZeneca
  • Pfizer Inc.
  • Bristol Myers Squibb
  • AbbVie Inc.
  • SUN Pharmaceutical Ltd.

Purchase Full Report

Datasheet

 

USD 2,969

USD 2,499

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 5,499

USD 4,699

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 6,599

USD 5,599

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 7,699

USD 6,599

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Strategic Solutions for Informed Decision-Making

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

We’re here to help answer any questions about our products and services.

Contact us

Our Offices


Australia

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63-287-899-028, +63-967-048-3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124