Global Myelofibrosis Therapeutics Market 2018-2022| High Off-Label Prescription to Boost Demand | Technavio

LONDON–(BUSINESS WIRE)–The global myelofibrosis therapeutics market is expected to post a CAGR
of over 7% during the period 2018-2022, according to the latest market
research report by Technavio.

A key factor driving the growth of the global myelofibrosis therapeutics
market is the increasing number of companies entering the myelofibrosis
segment. There were very few companies investing in the RD of
myelofibrosis therapies before the launch of JAKAVI/JAKAFI. After the
sales of JAKAVI/JAKAFI resulted in high revenue growth of Incyte
pharmaceuticals, several manufacturers have entered the market. Novartis
acquired the exclusive rights of ruxolitinib outside the US from lncyte,
and currently, both the companies are successfully marketing ruxolitinib
for myelofibrosis. Hence, the emergence of a surge of new companies will
propel the growth of the market during the forecast period.

This market research report on the global
myelofibrosis therapeutics market 2018-2022
also provides an
analysis of the most important trends expected to impact the market
outlook during the forecast period.

This report is available at a USD 1,000 discount for a limited time
only:
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market snapshot before purchasing

In this report, Technavio highlights the high off-label prescription as
one of the key emerging trends in the global myelofibrosis therapeutics
market:

Global myelofibrosis therapeutics market: High
off-label prescription

Over the years, the patients with myelofibrosis were treated with drugs
such as hydroxyurea, immunomodulators thalidomide, lenalidomide, and
steroids. At present, physicians continue to prescribe these drugs to
the patients to ease the symptoms and prolong the survival. However,
these drugs are considered as off-label by FDA because they are
prescribed for conditions other than the ones for which they have been
approved. For instance, Pegasys, a pegylated form of interferon alpha by
Roche, is approved for Hepatitis C, but because of its efficacy and
tolerance in the Phase II studies of MPN, it is being prescribed more
often for MPN. Thus, the high off-label prescription will impact market
growth.

“Apart from the increasing number of companies entering the
myelofibrosis segment, other factors such as the need for
disease-modifying drugs for myelofibrosis, and the initiatives by
government and non-government organizations are expected to propel the
growth of the global myelofibrosis therapeutics market during the
forecast period,”
says a senior research analyst at Technavio.

Global myelofibrosis therapeutics market:
Segmentation analysis

This market research report segments the global myelofibrosis
therapeutics market by type of treatment (drug therapy, blood
transfusion, HSCT, and androgen therapy) and geographical regions (APAC,
EMEA, and the Americas).

The Americas region led the market in 2017 with a market share of close
to 52%, followed by EMEA and APAC respectively. Although the EMEA region
held a market share lesser than the Americas in 2017, it is expected to
register the highest incremental growth during the forecast period.

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Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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