Global Polycythemia Vera Therapeutics Market, by Disease Type (Secondary Polycythemia Vera and Primary Polycythemia Vera), by Drug Class (Selective Serotonin Reuptake Inhibitors, Antimetabolites, Alpha Interferon, and Kinase Inhibitors), by Route of Administration (Subcutaneous, Oral, Intramuscular, and Intravenous), by Distribution Channel (Online Pharmacies, Hospital Pharmacies, and Retail Pharmacies), and by Geography (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), had a valuation of US$ 1,115.9 million in 2021 and is anticipated to grow at a CAGR of 4.5% over the estimated timeframe (2021-2028), as highlighted in a new report published by Coherent Market Insights.
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Vital participants working in the market are zeroing in on getting item endorsements from administrative specialists, and this is supposed to drive the global polycythemia Vera therapeutics market’s development over the conjectured timeframe.
In September 2020, Bristol Myers Squibb Canada (BMS), an auxiliary of BMS, reported that Health Canada had endorsed its INREBIC (fedratinib), a new once-day to day oral drug used to treat grown-ups with a broadened spleen and related side effects brought about by transitional 2 or high-risk essential myelofibrosis, post-polycythemia Vera myelofibrosis or post-fundamental thrombocythemia, myelofibrosis.
Besides, in March 2015, Novartis AG, a drug organization, got endorsement from the European Commission for its medication Jakavi (ruxolitinib) for the treatment of grown-up patients with polycythemia vera (PV) who are impervious to or prejudiced to hydroxyurea. Jakavi is the principal designated treatment supported by the European Commission for patients experiencing polycythemia vera.
Effect of the Coronavirus (Covid-19) Pandemic
The COVID-19 pandemic caused significant disturbances in clinical preliminary execution in the U.S., affecting key partners across the business. Social distancing conventions, monetary misfortunes, and concerns about understanding wellbeing were all experienced by analytical site abilities. Patrons, CROs, and other organizations that aid in drug development relocate to remote offices. An expected 80% of non-COVID-19 preliminary tests were halted or hindered due to the COVID-19 pandemic.
As indicated by the Applied Clinical Trails vault in April 2020 review, analytical destinations showed adaptability and inventiveness in taking on new ways to adapt to the difficulties of COVID-19, with a large portion of insightful locales changing to virtual ways to connect with patients. All the more as of late, follow-up investigations carried out in August 2020 have recognized the persisting effect of COVID, with more than 60% announcing a “normal” or more noteworthy degree of effect on continuous preliminaries and the commencement of new preliminaries. Respondents explicitly featured difficulties in persistent enlistment and enrollment.
Besides, central members working in the market are likewise zeroing in on directing clinical preliminaries for the improvement of novel and joined treatment approaches for the treatment of COVID-19. In April 2020, Novartis International AG declared plans to start a Phase III clinical preliminary with Incyte Corporation to assess the utilization of Jakavi (ruxolitinib) for treatment of a kind of serious insusceptible overcompensation called cytokine storm that can prompt perilous respiratory complexities in patients with COVID-19.
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Central participants working in the global polycythemia Vera therapeutics market are zeroing in on the reception of inorganic development methodologies like coordinated efforts and acquisitions, to fortify their situation on the lookout. Abbivie, Inc. increased its long-term R&D subsidizing limit as a result of this procurement, taking into account speculation and supported center around innovative work in the drug industry.
Key Takeaways
The global polycythemia Vera therapeutics market is supposed to display a CAGR of 4.5% over the estimated timeframe, owing to the presence of solid pipeline items. In January 2019, Kartos Therapeutics, Inc., a biopharmaceutical organization, started a stage 2/3 randomized, controlled, open-mark investigation of KRT 232 in subjects with Primary Myelofibrosis (PMF), Post Polycythemia Vera Mf (Post-PV-MF), or Post Essential Thrombocythemia MF (Post-ET-MF) who are backslid or headstrong to Janus Kinase (JAK) Inhibitor Treatment.
Among drug classes, the kinase inhibitors section represents the biggest piece of the pie in 2020, inferable from market players’ zeroing in on acquiring drug endorsements. Sierra Oncology, Inc., a late-stage drug improvement organization, declared that the U.S. Food and Drug Administration (FDA) has conceded Fast Track assignment to momelotinib, a JAK1, JAK2, and ACVR1 inhibitor, for the treatment of patients with middle/high-risk myelofibrosis related to polycythemia Vera who have recently gotten a JAK inhibitor.
Major companies contributing to the global polycythemia Vera therapeutics market include Teva Pharmaceuticals Industries Ltd, Bayer AG, ANP Technologies, INC., Eli Lilly and Company, Novartis AG, Bristol-Myers Squibb Company, Pfizer Inc., Miragen Therapeutics, Inc., Galena Biopharma, Karus Therapeutics Limited, Gilead Sciences, Inc., PharmaEssentia Corporation, F. Hoffmann-La Roche Ltd., Mylan N.V., and GlaxoSmithKline.
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Table of Content
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Disease Type
- Market Snippet, By Drug Class
- Market Snippet, By Route of Administration
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Pipeline Analysis
- PEST Analysis
- Regulatory Scenario
- Market Trends
- Key Highlights
- Reimbursement Scenario
- Mergers & Acquisitions
- Market Dynamics
- Global Polycythemia Vera Therapeutics Market – Impact of Coronavirus (Covid-19) Pandemic
- Economic Impact
- Impact on Clinical Trials and Drug Development
- Government Initiatives
- Global Polycythemia Vera Therapeutics Market, By Disease Type, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Primary Polycythemia Vera
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Secondary Polycythemia Vera
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Global Polycythemia Vera Therapeutics Market, By Drug Class, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Antimetabolite
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Kinase Inhibitors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Alpha Interferon
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Selective Serotonin Reuptake Inhibitors
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Global Polycythemia Vera Therapeutics Market, By Route of Administration, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Oral
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Intravenous
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Intramascular
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Subcutaneous
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Global Polycythemia Vera Therapeutics Market, By Distribution Channel, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, 2018 – 2028
- Segment Trends
- Hospital Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Retail Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Online Pharmacies
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017 – 2028, (US$ Mn)
- Introduction
- Global Polycythemia Vera Therapeutics Market, By Region, 2017 – 2028, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2021 and 2028 (%)
- Y-o-Y Growth Analysis, For Regions, 2018–2028
- North America
- Market Size and Forecast, By Disease Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Drug Class, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- U.S.
- Canada
- Latin America
- Market Size and Forecast, By Disease Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Drug Class, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Europe
- Market Size and Forecast, By Disease Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Drug Class, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Market Size and Forecast, By Disease Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Drug Class, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Market Size and Forecast, By Disease Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Drug Class, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Country, 2017 – 2028, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Market Size and Forecast, By Disease Type, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Drug Class, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Route of Administration, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Distribution Channel, 2017 – 2028, (US$ Mn)
- Market Size and Forecast, By Region/Country, 2017 – 2028, (US$ Mn)
- South Africa
- Central Africa
- North Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Pfizer Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Galena Biopharma
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Bristol-Myers Squibb Company
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Novartis AG
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Eli Lilly and Company
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- PharmaEssentia Corporation
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Bayer AG
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Mylan N.V.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Teva Pharmaceuticals Industries Ltd
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- GlaxosmithKline plc
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- ANP Technologies, INC.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Hoffmann-La Roche Ltd.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Gilead Sciences, Inc
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Karus Therapeutics Limited
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Miragen Therapeutics, Inc.
- Company Overview
- Product Portfolio
- Financial Overview
- Key Highlights
- Market Strategies
- Pfizer Inc.
- Analyst Views
- Section
- References
- Research Methodology
- About us and Sales Contact
About Coherent Market Insights
Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
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