According to an analysis by Future Market Insights (IMF), the Hemophilia Treatment Market is expected to be valued at US$17.92 billion in 2032, growing at a CAGR of 4.8% during the forecast period.
Hemophilia treatment has improved dramatically in recent years with the introduction of new products. In addition, several governmental and non-governmental groups are mobilizing to raise public awareness of the symptoms, diagnosis and treatment of hemophilia.
The high prevalence of hemophilia results in the great need for quality hemophilia treatment. Consequently, several countries are developing creative techniques to improve access to high-quality care for hemophiliacs. For example, innovative methods have been created in Germany to improve the monitoring of these and other associated disorders.
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Furthermore, in recent years, awareness of the need for early diagnosis and treatment and its potential impact has increased dramatically in all European countries, driving demand for a product that would strongly simulate income. of the market. The high prevalence of hemophilia results in the great need for quality hemophilia treatment.
|Hemophilia Treatment Market CAGR (2022 – 2032)||4.8%|
|Hemophilia Treatment Market (2026)||US$14.2 billion|
|Hemophilia Treatment Market Attraction||The increase in hemophilia inhibitors, the introduction of new drug launches, and governments launching R&D programs are the major driving factors.|
The high cost of hemophilia treatment, on the other hand, may negatively impact the growth of the market. According to the National Hemophilia Foundation, the average cost of hemophilia treatment is over $300,000 per year, which has a significant impact on operating margins, especially in today’s capitation reimbursement environment.
The emergence of the COVID-19 pandemic has had a slight negative impact on the hemophilia treatment market, owing to the disruption in the global supply chain and logistics. Also, the impact of the coronavirus outbreak on the industry peaked in early 2020 where patients suffering from such conditions were at a higher risk of suffering from coronavirus as they were more prone to infectious diseases.
Due to these factors, the hemophilia treatment market is expected to reach US$16.5 billion in 2027.
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Key points to remember:
- Hemophilia A, a disease segment accounting for approximately 82% of total revenue share, led the market in 2021.
- In 2021, the adult patient category was worth $6,898 million. Hemophilia is increasingly common in the adult population.
- In 2021, the prophylaxis segment was worth USD 7,998 million. This preventative medication helps decrease hemophilic arthropathy and disability and the need for orthopedic surgery, resulting in a better quality of life.
- During the forecast period, the injectables segment is expected to grow at a rate of over 4.9% due to the efficient method of drug delivery.
Some of the major key players in the hemophilia treatment markets are Bayer Healthcare, Biogen, Biotest AG, CSL Behring, Ferring BV, Genentech, Kedrion, Novo Nordisk, and Octapharma, among others.
Major major players have used advanced technologies to meet consumer needs and gain substantial market share.
- Novo Nordisk received FDA approval for its Biologics License Application for Esperoct in February 2019. This drug is intended to reduce the frequency of bleeding episodes in children and adults with congenital factor VIII deficiency . This launch helped the company introduce new items, giving it a competitive edge.
- Valoctocogene roxaparvovec (valrox) is a new gene therapy treatment for hemophilia developed by BioMarin that eliminates all bleeding and injects blood clotting factor VIII (FVIII) in patients, expected to gain FDA clearance in 2020.
- Bayer Healthcare received FDA approval for a new extended half-life hemophilia treatment in August 2018. A product for patients ages 12 and older. Jivi is an rFVIII replacement therapy that has been approved for the treatment of bleeding. This approval has helped the company expand its product offering globally.
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About Future Market Insights (IMF)
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.
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