The 7 major polycythemia vera markets reached a value of US$ 17.1 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 68.5 Billion by 2034, exhibiting a growth rate (CAGR) of 13.44% during 2024-2034.
Report Attribute
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Key Statistics
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Base Year | 2023 |
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 17.1 Billion
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Market Forecast in 2034
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US$ 68.5 Billion
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Market Growth Rate 2024-2034
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13.44% |
The polycythemia vera market has been comprehensively analyzed in IMARC's new report titled "Polycythemia Vera Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Polycythemia vera is a rare, chronic blood disorder characterized by an overproduction of white blood cells (WBCs), red blood cells (RBCs), and platelets in the bone marrow. This condition can lead to an increase in blood volume and thickness, which can further cause a range of complications, including heart attack and brain stroke. The common indications of the ailment include itchiness, especially after a warm bath, a feeling of fullness, pain in the left upper abdomen, unusual bleeding from the nose or gums, painful swelling of the big toe, shortness of breath, numbness, tingling, or burning in the hands, feet, legs, or arms, etc. In some cases, individuals might also experience vague symptoms, such as fatigue, headache, dizziness, blurred vision, etc. The diagnosis of polycythemia vera typically requires a combination of clinical features, a detailed medical history, and a physical exam. Numerous blood tests involving the measurement of hematocrit, iron-rich protein, platelets, etc., are further utilized to confirm a diagnosis. Additionally, the healthcare provider may perform bone marrow aspiration or biopsy to assess the bone marrow and its functioning.
The increasing cases of gene mutations that affect the development of blood cells in the bone marrow are primarily driving the polycythemia vera market. In addition to this, the rising prevalence of several associated risk factors, including advancing age, obesity, a history of blood clots, smoking, diabetes, pregnancy, etc., are also bolstering the market growth. Furthermore, the escalating adoption of effective medications, such as anti-platelets, antihistamines, selective serotonin reuptake inhibitors, etc., which provide symptom relief and boost the overall health of patients, is acting as another significant growth-inducing factor. Additionally, numerous key players are focusing on the better understanding of cellular pathways and gene mutations involved in the pathogenesis of polycythemia vera to launch more effective treatment alternatives. This, in turn, is also creating a positive outlook for the market. Moreover, the emerging popularity of ropeginterferon alfa-2b, since it helps the immune system fight against the overactive bone marrow cells associated with the disease, thereby preventing the overproduction of red blood cells, is expected to drive the polycythemia vera market in the coming years.
IMARC Group's new report provides an exhaustive analysis of the polycythemia vera market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for polycythemia vera and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the polycythemia vera market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current polycythemia vera marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Drugs | Company Name |
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Besremi (Ropeginterferon alfa 2b) | AOP Orphan Pharmaceuticals/PharmaEssentia Corporation |
Jakafi (Ruxolitinib) | Incyte Corporation/Novartis |
Givinostat | Italfarmaco |
PTG300 | Protagonist Therapeutics |
Bomedemstat | Imago BioSciences |
Sapablursen | Ionis Pharmaceuticals |
PPMXT003 | Perseus Proteomics |
*Kindly note that the drugs in the above table only represent a partial list of marketed/pipeline drugs, and the complete list has been provided in the report.
Market Insights
Epidemiology Insights
Polycythemia Vera: Current Treatment Scenario, Marketed Drugs and Emerging Therapies