Global Fedratinib
Market Report
2025
The global Fedratinib market size will be USD 501.5 million in 2024. Increasing demand for targeted therapies for myelofibrosis and other hematologic malignancies is expected to boost sales to USD 964.91 million by 2031, with a Compound Annual Growth Rate (CAGR) of 9.80% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Fedratinib market size will be USD 501.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Fedratinib Market Sales Revenue | 121212 | $ 501.5 Million | 121212 | 121212 | 121212 | 9.8% |
North America Fedratinib Market Sales Revenue | 121212 | $ 200.6 Million | 121212 | 121212 | 121212 | 8% |
United States Fedratinib Market Sales Revenue | 121212 | $ 158.27 Million | 121212 | 121212 | 121212 | 7.8% |
Mexico Fedratinib Market Sales Revenue | 121212 | $ 18.25 Million | 121212 | 121212 | 121212 | 8.5% |
Canada Fedratinib Market Sales Revenue | 121212 | $ 24.07 Million | 121212 | 121212 | 121212 | 8.8% |
Europe Fedratinib Market Sales Revenue | 121212 | $ 150.45 Million | 121212 | 121212 | 121212 | 8.3% |
Spain Fedratinib Market Sales Revenue | 121212 | $ 12.34 Million | 121212 | 121212 | 121212 | 7.4% |
United Kingdom Fedratinib Market Sales Revenue | 121212 | $ 25.28 Million | 121212 | 121212 | 121212 | 9.1% |
Russia Fedratinib Market Sales Revenue | 121212 | $ 23.32 Million | 121212 | 121212 | 121212 | 7.3% |
Italy Fedratinib Market Sales Revenue | 121212 | $ 12.94 Million | 121212 | 121212 | 121212 | 7.7% |
Germany Fedratinib Market Sales Revenue | 121212 | $ 29.79 Million | 121212 | 121212 | 121212 | 8.5% |
France Fedratinib Market Sales Revenue | 121212 | $ 13.84 Million | 121212 | 121212 | 121212 | 8.3% |
Rest of Europe Fedratinib Market Sales Revenue | 121212 | $ 23.32 Million | 121212 | 121212 | 121212 | 7% |
Asia Pacific Fedratinib Market Sales Revenue | 121212 | $ 115.35 Million | 121212 | 121212 | 121212 | 11.8% |
Japan Fedratinib Market Sales Revenue | 121212 | $ 15.92 Million | 121212 | 121212 | 121212 | 10.3% |
China Fedratinib Market Sales Revenue | 121212 | $ 51.91 Million | 121212 | 121212 | 121212 | 11.3% |
Australia Fedratinib Market Sales Revenue | 121212 | $ 6 Million | 121212 | 121212 | 121212 | 11.5% |
India Fedratinib Market Sales Revenue | 121212 | $ 13.84 Million | 121212 | 121212 | 121212 | 13.6% |
Korea Fedratinib Market Sales Revenue | 121212 | $ 11.53 Million | 121212 | 121212 | 121212 | 10.9% |
Rest of APAC Fedratinib Market Sales Revenue | 121212 | $ 8.19 Million | 121212 | 121212 | 121212 | 11.6% |
South America Fedratinib Market Sales Revenue | 121212 | $ 25.08 Million | 121212 | 121212 | 121212 | 9.2% |
Peru Fedratinib Market Sales Revenue | 121212 | $ 2.06 Million | 121212 | 121212 | 121212 | 9.4% |
Colombia Fedratinib Market Sales Revenue | 121212 | $ 2.23 Million | 121212 | 121212 | 121212 | 9% |
Argentina Fedratinib Market Sales Revenue | 121212 | $ 4.21 Million | 121212 | 121212 | 121212 | 10.1% |
Brazil Fedratinib Market Sales Revenue | 121212 | $ 10.73 Million | 121212 | 121212 | 121212 | 9.8% |
Chile Fedratinib Market Sales Revenue | 121212 | $ 1.81 Million | 121212 | 121212 | 121212 | 9.5% |
Rest of South America Fedratinib Market Sales Revenue | 121212 | $ 4.04 Million | 121212 | 121212 | 121212 | 8.3% |
Middle East and Africa Fedratinib Market Sales Revenue | 121212 | $ 10.03 Million | 121212 | 121212 | 121212 | 9.5% |
GCC Countries Fedratinib Market Sales Revenue | 121212 | $ 4.29 Million | 121212 | 121212 | 121212 | 10.3% |
Turkey Fedratinib Market Sales Revenue | 121212 | $ 0.86 Million | 121212 | 121212 | 121212 | 9% |
South Africa Fedratinib Market Sales Revenue | 121212 | $ 1.58 Million | 121212 | 121212 | 121212 | 10.5% |
Egypt Fedratinib Market Sales Revenue | 121212 | $ 1.05 Million | 121212 | 121212 | 121212 | 9.8% |
Nigeria Fedratinib Market Sales Revenue | 121212 | $ 1.05 Million | 121212 | 121212 | 121212 | 8.6% |
Rest of MEA Fedratinib Market Sales Revenue | 121212 | $ 1.18 Million | 121212 | 121212 | 121212 | 8.5% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Drug Type Outlook: |
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Market Split by End User Outlook: |
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Market Split by Purity Type Outlook: |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Fedratinib Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Fedratinib is an oral Janus kinase (JAK) inhibitor used primarily in the treatment of myelofibrosis, a rare and serious bone marrow disorder. It works by targeting and inhibiting JAK2, a protein that plays a key role in the signaling pathways responsible for cell growth and survival, particularly in hematologic cancers. Fedratinib helps reduce spleen size, alleviate symptoms associated with myelofibrosis, and improve patients' quality of life.The Fedratinib market has shown significant growth, driven by the increasing prevalence of myelofibrosis and other hematologic cancers. As more patients are diagnosed with these conditions, the demand for effective therapies like Fedratinib has grown. Additionally, the broader trend toward personalized medicine and targeted therapies has also contributed to the market’s expansion, as Fedratinib offers a highly specific treatment option with fewer side effects than traditional chemotherapies.
In December 2020, the European Medicines Agency’s (EMA’s) Committee for Medicinal Products for Human Use (CHMP) adopted a positive opinion, recommending the granting of a marketing authorisation for the medicinal product fedratinib (Inrebic), intended for the treatment of primary myelofibrosis and of myelofibrosis secondary to polycythaemia vera or essential thrombocythaemia. (Source: https://www.esmo.org/oncology-news/ema-recommends-granting-a-marketing-authorisation-for-fedratinib)
The rising incidence of myelofibrosis and other hematologic cancers is a significant driver for the Fedratinib market. Myelofibrosis, a rare bone marrow disorder, affects a growing global patient population, necessitating the development of effective therapies like Fedratinib. The increasing number of patients diagnosed with such conditions is fueling demand for targeted therapies that offer improved outcomes and quality of life. As awareness and early diagnosis improve, the market for Fedratinib expands, providing a strong growth avenue for both drug manufacturers and healthcare providers. For instance, February 2021, Bristol Myers Squibb Receives European Commission Approval for Inrebic® (fedratinib) for Adult Patients with Newly Diagnosed and Previously Treated Myelofibrosis
The shift towards precision medicine and the growing preference for targeted therapies are major market drivers for Fedratinib. Targeted therapies like Fedratinib, which specifically target cancer cells, offer better outcomes with fewer side effects compared to traditional chemotherapy. This shift is driven by a broader understanding of molecular biology and the effectiveness of these therapies in treating complex diseases. As more healthcare professionals and patients recognize the benefits of such treatments, the demand for drugs like Fedratinib is expected to rise, contributing to the market's growth.
A significant restraint in the Fedratinib market is the high cost of treatment, which can be prohibitive for many patients, especially in low-income regions. While Fedratinib offers promising results in treating myelofibrosis, its high price point restricts its accessibility for a broader patient base. This cost barrier often leads to patients delaying or forgoing treatment, negatively impacting the overall market growth. Furthermore, the lack of sufficient insurance coverage in certain regions further exacerbates this issue, limiting the potential market penetration of Fedratinib in those areas.
Covid-19 pandemic had a notable impact on the Fedratinib market, particularly in terms of delayed diagnoses and treatments. During the height of the pandemic, healthcare systems were overwhelmed, leading to disruptions in routine medical appointments, diagnostics, and the initiation of therapies. Patients with myelofibrosis and other hematologic cancers often experienced delays in starting or continuing treatments like Fedratinib due to hospital resource constraints and fear of infection. Additionally, clinical trials for new indications of Fedratinib were temporarily halted or postponed, slowing down research and development efforts. However, as the pandemic subsided and healthcare systems adjusted, there was a resurgence in demand for cancer treatments, with Fedratinib gaining traction once again in clinical settings.
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The Fedratinib market is competitive, with several pharmaceutical companies vying for market share in the hematologic oncology space. Fedratinib, developed by Celgene (now part of Bristol Myers Squibb), is one of the few approved JAK inhibitors specifically indicated for myelofibrosis.
In August 2020, the FDA approved fedratinib for use in adult patients with intermediate-2 or high-risk primary or secondary myelofibrosis, including post-polycythemia vera disease or post-essential thrombocythemia disease based on data from JAKARTA and JAKARTA2. (Source: https://www.nature.com/articles/s41375-020-0954-2) In November 2024, Eli Lilly launched Mounjaro (tirzepatide) for weight management in adults with obesity, expanding its presence in metabolic diseases. While not directly related to Fedratinib, the launch highlights Eli Lilly's ongoing focus on novel therapeutics. (Source: https://investor.lilly.com/news-releases/news-release-details/lillys-zepboundr-tirzepatide-superior-wegovyr-semaglutide-head)
Top Companies Market Share in Fedratinib Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominates the Fedratinib market primarily due to the region's high prevalence of myelofibrosis and other hematologic cancers, leading to increased demand for effective treatments. The U.S. and Canada have advanced healthcare systems with widespread access to novel therapies, including Fedratinib, supported by robust insurance coverage and reimbursement policies.
Asia-Pacific is the fastest-growing region in the Fedratinib market due to the increasing prevalence of hematologic cancers and improving healthcare infrastructure. As the region's healthcare systems continue to develop, there is greater access to advanced treatments like Fedratinib, particularly in emerging markets such as China and India.
The current report Scope analyzes Fedratinib Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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As per the current market study, out of xxxx Million USD global market revenue 2025, North America market holds xx% of the market share. The North America Fedratinib industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top North America countries for 2025,United States (xx%), Mexico (xx%), Canada (xx%)
According to Cognitive Market Research, the global Fedratinib market size was estimated at USD 501.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 200.60 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, Europe market holds xx% of the market share. The Europe Fedratinib industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Europe countries for 2025,Spain (xx%), United Kingdom (xx%), Russia (xx%), Italy (xx%), Germany (xx%), France (xx%), Rest of Europe (xx%)
According to Cognitive Market Research, the global Fedratinib market size was estimated at USD 501.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 150.45 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.3% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, Asia Pacific market holds xx% of the market share. The Asia Pacific Fedratinib industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,Japan (xx%), China (xx%), Australia (xx%), India (xx%), Korea (xx%), Rest of APAC (xx%)
According to Cognitive Market Research, the global Fedratinib market size was estimated at USD 501.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 115.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, South America market holds xx% of the market share. The South America Fedratinib industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top South America countries for 2025,Peru (xx%), Colombia (xx%), Argentina (xx%), Brazil (xx%), Chile (xx%), Rest of South America (xx%)
According to Cognitive Market Research, the global Fedratinib market size was estimated at USD 501.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 25.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
As per the current market study, out of xxxx Million USD global market revenue 2025, Middle East and Africa market holds xx% of the market share. The Middle East and Africa Fedratinib industry grew from xxxx Million USD in 2021 to xxxx Million USD in 2025 and will record xx% growth. In coming future this industry will reach xxxx Million by 2033 with a xx% CAGR. If we look at the percentage market shares of top Middle East and Africa countries for 2025,GCC Countries (xx%), Turkey (xx%), South Africa (xx%), Egypt (xx%), Nigeria (xx%), Rest of MEA (xx%)
According to Cognitive Market Research, the global Fedratinib market size was estimated at USD 501.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 10.03 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031..
Global Fedratinib Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Fedratinib Industry growth. Fedratinib market has been segmented with the help of its Drug Type Outlook:, End User Outlook: Purity Type Outlook:, and others. Fedratinib market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Fedratinib Market?
According to Cognitive Market Research, the injectable drug type is the dominant segment due to its direct delivery into the bloodstream, ensuring faster absorption and more effective treatment, especially for patients with advanced myelofibrosis. Injectables are often preferred in hospital settings, particularly for patients who require immediate and continuous management of their condition.
The tablet segment is the fastest-growing category in the Fedratinib market due to its convenience, ease of administration, and growing patient preference for oral medications. Tablets eliminate the need for hospital visits for injections, offering greater patient autonomy and comfort, especially for long-term treatment. As more patients seek outpatient care, the demand for oral drug forms, including tablets, has surged.
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According to Cognitive Market Research, the Hospitals are the dominant end-user segment in the Fedratinib market, primarily due to the complex nature of myelofibrosis treatment and the need for specialized care. Hospitals provide a controlled environment where patients can receive comprehensive treatment, including intravenous administration and close monitoring of side effects.
Specialty clinics represent the fastest-growing segment in the Fedratinib market due to their increasing focus on rare diseases such as myelofibrosis. These clinics provide personalized care, offering specialized services that cater to patients requiring targeted treatments like Fedratinib. With a growing number of patients seeking outpatient care and treatments tailored to specific conditions, specialty clinics are gaining popularity.
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According to Cognitive Market Research, The "Purity More Than 99%" segment is the dominant category in the Fedratinib market, as high purity is essential for ensuring the efficacy and safety of the drug. Fedratinib with purity levels greater than 99% offers higher therapeutic performance and fewer impurities, making it the preferred choice for clinical use.
The "Purity 98%-99%" segment is the fastest-growing in the Fedratinib market, driven by cost-effective production and increasing demand for affordable yet effective treatments. While slightly less pure than the over 99% category, drugs in this segment still maintain sufficient quality for treating myelofibrosis, making them an attractive option for healthcare systems and patients in cost-sensitive regions.
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Conclusion
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Disclaimer:
Drug Type Outlook: | Tablet, Capsules, Injectable |
End User Outlook: | Hospitals, Speciality Clinics, Retail Pharmacies |
Purity Type Outlook: | Purity Less Than 98%, Purity 98%-99%, Purity More Than 99% |
List of Competitors | Bristol-Myers Squibb, Eli Lilly and Company, AstraZeneca, Takeda Pharmaceuticals, GlaxoSmithKline, Novartis AG, Celgene Corporation, Janssen Pharmaceuticals, Pfizer Inc, Gilead Sciences, Others |
This chapter will help you gain GLOBAL Market Analysis of Fedratinib. Further deep in this chapter, you will be able to review Global Fedratinib Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Fedratinib. Further deep in this chapter, you will be able to review North America Fedratinib Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Fedratinib. Further deep in this chapter, you will be able to review Europe Fedratinib Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Fedratinib. Further deep in this chapter, you will be able to review Asia Pacific Fedratinib Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Fedratinib. Further deep in this chapter, you will be able to review South America Fedratinib Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Fedratinib. Further deep in this chapter, you will be able to review Middle East and Africa Fedratinib Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Fedratinib. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Drug Type Outlook: Analysis 2019 -2031, will provide market size split by Drug Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Drug Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by End User Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by Purity Type Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Fedratinib market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Tablet have a significant impact on Fedratinib market? |
What are the key factors affecting the Tablet and Capsules of Fedratinib Market? |
What is the CAGR/Growth Rate of Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Fedratinib Market? |
Which region is expected to dominate the global Fedratinib Market within the forecast period? |
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