IMARC Group, a leading market research company, has recently released a report titled “Hemophilia Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global hemophilia market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What Are The Growth Prospects Of The Hemophilia Industry?
According to the report, The global hemophilia market size reached US$ 11.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 22.3 Billion by 2028, exhibiting a growth rate (CAGR) of 11.1% during 2023-2028.
What is Hemophilia?
Hemophilia is a genetic medical condition that impacts the blood clotting mechanism of the body. It causes abnormal blood clots, leading to excessive bleeding, easy bruising, and oozing after an injury, surgery, or dental procedure. It occurs due to a hereditary deficiency in coagulation factor that inhibits blood clotting by limiting the availability of necessary blood-clotting proteins. Its treatment primarily focuses on replacing the missing proteins and preventing potential complications. At present, hemophilia can be treated through medications, replacement therapy, and injections of a clotting factor or plasma across the globe.
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What are the growth prospects and trends in the Hemophilia industry?
The global hemophilia market is primarily driven by the increasing number of patients with hemophilia and a rise in genetic abnormalities across the globe. Additionally, the surging popularity of prophylactic treatment and the rising diagnosis rate of illness is positively influencing the market growth. Moreover, several favorable initiatives by governments of numerous countries to spread awareness about the benefits of early diagnosis and proper procedures for early screening of neonates have catalyzed market growth. Furthermore, several key players are focusing on introducing technologically advanced diagnostic tools and therapies to improve the effectiveness and precision of hemophilia treatment, thereby contributing to market growth. Other factors, including increasing funding for research and development (RD) activities, the rapid expansion of specialized hemophilia treatment centers (HTCs), and rising demand for early diagnosis of hemophilia, are also anticipated to drive the market further.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Type:
- Hemophilia A
- Hemophilia B
- Hemophilia C
- Others
Breakup by Treatment:
- On-Demand
- Prophylaxis
Breakup by Therapy:
- Replacement Therapy
- ITI Therapy
- Gene Therapy
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Baxter International Inc.
- Bayer AG
- BioMarin Pharmaceutical Inc.
- CSL Behring (CSL Limited)
- F. Hoffmann-La Roche AG
- Grifols S.A.
- Kedrion S.p.A.
- Novo Nordisk A/S
- Octapharma AG
- Pfizer Inc.
- Sanofi S.A.
- Takeda Pharmaceutical Company Limited.
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