Hemophilia Treatment Market Overview
Hemophilia refers to a blood disorder that has a chronic status and is genetic. People suffering from hemophilia continue to live with the medical condition all through their life. However, the effects of hemophilia can be successfully reduced with the help of several therapeutics and hemophilia drugs. With the rise in the cases of hemophilia, the demand for hemophilia treatment is increasing around the globe. The global market of hemophilia is expected to witness significant growth in the coming years.
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The increase in the prevalence of hemophilia is a prominent factor that boosts the growth of the global hemophilia treatment market. The rise in healthcare expenditure and the increase in the awareness level among the people are the key driving factors of the growth of the global market of hemophilia treatment. Moreover, the availability of recombinant products will further fuel the market expansion. The recombinant products are considered to be an ideal alternative to the products derived from plasma and are safer.
The demand for recombinant products is projected to increase significantly during the forecast period. The exploration of gene therapy as an effective treatment for hemophilia is expected to accelerate the growth of the global hemophilia treatment market even more. The global market of the hemophilia market is expected to reach a CAGR of 6.1% by the end of the forecast period. However, the high cost of hemophilia treatment and the expense required for image testing and lab testing are likely to hinder the growth of the global market.
Hemophilia Treatment Market Companies Covered
- Hoffmann-La Roche Ltd
- CSL Behring
- Kedrion, Sanofi
- Bayer AG
- Swedish Orphan Biovitrum AB
- Grifols International S.A
- Novo Nordisk A/S.
Hemophilia Treatment Market Segmentation
The global hemophilia treatment market is segmented based on end-user, treatment, type, and geographical region.
Based on the end-user, the global market of hemophilia treatment includes hospitals and clinics, research organizations, and others. The hospital and clinic segment occupies a dominant position in the global market and is expected to grow rapidly during the forecast period.
By treatment, the global market is categorized into gene therapy, recombinant coagulation factor concentrates, antifibrinolytic agents, plasma-derived coagulation factor concentrate, and desmopressin. The recombinant coagulation factor concentrates segment acquires the leading position in the global market.
By type, the global market includes hemophilia A, hemophilia B, and hemophilia C. Hemophilia A is the highest market shareholder.
Hemophilia Treatment Market Regional Segmentation
Based on geographical region, the global market of hemophilia treatment is segmented into Europe, North America, Latin America, Asia Pacific, and the Middle East and Africa.
The Americas region holds the largest share in the global market of hemophilia treatment. The prevalence of hemophilia and the presence of the advanced healthcare sector in the region are the main driving factor for the market growth. Europe occupies the second position in the global market of hemophilia treatment. The Asia Pacific region is projected to exhibit the highest CAGR during the forecast period owing to the rise in advanced medical facilities and increasing healthcare expenditure.
In May 2019, the World Federation of Hemophilia and St. Jude Children’s Research Hospital announced a joint venture to supply and track hemophilia treatment in the different underserved countries. The first and foremost plan is to conduct a clinical trial of gene therapy in the low and middle-income nations.
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