Ivosidenib Drugs Market: Competitive Analysis, Market Trends and Forecast to 2031

The "Ivosidenib Drugs Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Ivosidenib Drugs market is expected to grow annually by 11.8% (CAGR 2024 - 2031).

This entire report is of 105 pages.

Ivosidenib Drugs Introduction and its Market Analysis

Ivosidenib is a drug used for the treatment of acute myeloid leukemia (AML) with an IDH1 mutation. The market for Ivosidenib drugs is expected to grow significantly due to the rising incidence of AML and the effectiveness of Ivosidenib in targeting the specific mutation. Agios Pharmaceuticals is a key player in this market, with a strong presence and ongoing research and development efforts. The main factors driving revenue growth in the Ivosidenib drugs market include increasing awareness, regulatory approvals, and strategic collaborations. Overall, the market analysis suggests a promising future for Ivosidenib drugs, with recommendations for further investment in research and development.

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Ivosidenib is a promising drug in the market with offerings in two types- 60 tablets and 30 tablets, catering to the needs of both hospitals and pharmacies. The drug is mainly used for treating acute myeloid leukemia, targeting patients with specific genetic mutations. In terms of market segmentation, Ivosidenib is strategically positioned to reach a wide range of healthcare facilities.

Regulatory and legal factors play a crucial role in shaping the market conditions for Ivosidenib. Strict guidelines by regulatory bodies ensure that the drug is safe and effective for patients, facilitating its approval and distribution. Legal factors, such as patent protection and licensing agreements, also influence the market dynamics of Ivosidenib, creating a competitive landscape for manufacturers. Overall, the market for Ivosidenib is characterized by stringent regulations and legal considerations, highlighting the importance of compliance and adherence to industry standards.

Top Featured Companies Dominating the Global Ivosidenib Drugs Market

Ivosidenib, also known by its brand name Tibsovo, is a medication used in the treatment of acute myeloid leukemia (AML) with a specific genetic mutation. The market for Ivosidenib drugs is competitive with several pharmaceutical companies vying for market share.

Some key players in the Ivosidenib drugs market include Agios Pharmaceuticals, which developed Tibsovo. Agios Pharmaceuticals focuses on developing treatments for cancer and rare genetic diseases. The company has been instrumental in advancing research and development in the field of precision medicine, particularly in the area of targeted therapies for AML.

Agios Pharmaceuticals has played a significant role in growing the Ivosidenib drugs market by conducting clinical trials, obtaining regulatory approvals, and commercializing Tibsovo. The company's sales revenue for Tibsovo has been steadily increasing since its approval by the FDA in 2018. In 2020, Agios Pharmaceuticals reported sales revenue of $137 million for Tibsovo in the United States alone.

In addition to Agios Pharmaceuticals, other companies such as Celgene Corporation (now part of Bristol Myers Squibb) and Daiichi Sankyo are also active in the Ivosidenib drugs market. These companies have developed their own versions of Ivosidenib and are competing in the market to provide treatment options for patients with AML.

Overall, the Ivosidenib drugs market is driven by the innovation and competitiveness of pharmaceutical companies like Agios Pharmaceuticals, which are dedicated to developing cutting-edge treatments for cancer. These companies play a crucial role in advancing the field of precision medicine and improving outcomes for patients with AML and other types of cancer.

• Agios Pharmaceuticals

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Ivosidenib Drugs Market Analysis, by Type:

• 60 Tablets
• 30 Tablets

Ivosidenib drugs are available in two types: 60 tablets and 30 tablets. These different pack sizes cater to the varying needs of patients and healthcare providers, offering flexibility in dosing regimens. The availability of multiple options in pack sizes helps in boosting the demand for Ivosidenib drugs in the market as it caters to a wider range of preferences and treatment plans. Patients and healthcare providers can choose the pack size that best suits their specific requirements, leading to increased accessibility and adoption of Ivosidenib drugs in the market.

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Ivosidenib Drugs Market Analysis, by Application:

• Hospital
• Pharmacy

Ivosidenib drugs are used in the treatment of acute myeloid leukemia (AML) with a specific genetic mutation. In hospital settings, Ivosidenib is administered to AML patients undergoing chemotherapy to target the mutated enzyme responsible for cancer growth. Ivosidenib drugs are also available in pharmacies for outpatient use by AML patients after hospital treatment. The fastest growing application segment in terms of revenue for Ivosidenib drugs is in hospital settings, as the drug is primarily used as part of AML treatment protocols that are often carried out in inpatient settings.

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Ivosidenib Drugs Industry Growth Analysis, by Geography:

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Ivosidenib drugs market is expected to witness significant growth in regions such as North America (United States, Canada), Europe (Germany, France, ., Italy, Russia), Asia-Pacific (China, Japan, South Korea, India, Australia, Indonesia, Thailand, Malaysia), Latin America (Mexico, Brazil, Argentina, Colombia), and Middle East & Africa (Turkey, Saudi Arabia, UAE). Among these regions, North America is expected to dominate the market with a market share of around 45%, followed by Europe with a market share of 25%. The Asia-Pacific region is also expected to hold a significant market share of around 20%. The Middle East & Africa and Latin America regions are projected to have a combined market share of 10%.

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