Mycosis Fungoides Therapeutics Market: Introduction
- Mycosis fungoides is the most common type of blood cancer known as cutaneous T-cell lymphoma. Cutaneous T-cell lymphoma occurs when certain T-cells become cancerous. These cancers affect the skin and cause different types of lesions on the skin.
- Mycosis fungoides usually affects the adults over age 50. However, affected children have been identified.
- According to a study published in the Genetics Home References, an estimated 1 in 100,000 to 350,000 individuals are affected by mycosis fungoides. It accounts for 70% of T-cell lymphomas. Mycosis fungoides affects men nearly twice as often as females. About 3.6 cases per million people each are affected by mycosis fungoides in the U.S.
- The cause of mycosis fungoides is unidentified. Most of the individuals affected by mycosis fungoides have one or more chromosomal abnormalities, such as gain or loss of genetic material.
- Appropriate therapy for mycosis fungoides depends on a variety of factors, including, the presence of symptoms, patient’s overall health, disease stage, and patient-specific issues such as access to health care facilities and cost of care.
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Key Drivers of Global Mycosis Fungoides Therapeutics Market
- Increase in prevalence and incidence of mycosis fungoides and new drug approvals drive the global mycosis fungoides therapeutics market
- According to a study published in the National Center for Biotechnology Information, incidence rate of mycosis fungoides is around 6 cases per million per year in the U.S. and Europe, which accounts for 4% of all non-Hodgkin lymphoma (NHL) cases. The disease is more common among African Americans than Asians or people of Caucasus descent.
- Additionally, special drug designation for mycosis fungoides drugs is one of the major reasons for the growth of the mycosis fungoides therapeutics market during the forecast period
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Small Molecules Segment Expected to Account for Major Share of Global Mycosis Fungoides Therapeutics Market
- Based on type, the global mycosis fungoides therapeutics market can be divided into small molecules and biologics
- The small molecules segment is anticipated to be the dominating segment during the forecast period
- Easy availability and low cost of small molecules are expected to drive the segment during the forecast period
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Retail Pharmacies Segment to Offer Attractive Opportunities
- In terms of distribution channel, the global mycosis fungoides therapeutics market can be classified into hospital pharmacies, retail pharmacies, and others
- The retail pharmacies segment is expected to account for major share of the global mycosis fungoides therapeutics market by 2027
- The segment dominance can be attributed to higher sales of drugs used for the treatment of mycosis fungoides through retail pharmacies
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North America to Dominate the Global Mycosis Fungoides Therapeutics Market
- In terms of region, the global mycosis fungoides therapeutics market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to dominate the global market during the forecast period.
- Factors such as presence of advanced health care infrastructure and rise in number of new drug approvals are expected to drive the market in the region in the near future
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