LOS ANGELES, March 27, 2019 (GLOBE NEWSWIRE) -- The international hemophilia market is prophesied to grow with 5.3% CAGR between the year 2018 to 2026 and the market is projected to touch USD 17 billion by 2026.

The increasing initiatives for creating awareness about hemophilia drugs from the government as well as non-government organizations at an international level is one of the prime factors boosting the market growth. Also, the increase in delivering a prophylactic treatment is likely to fuel the demand for hemophilia.

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The global hemophilia market is segmented into type, treatment, therapy, and region. On the basis of type, the global hemophilia market is segmented into Hemophilia A, Hemophilia B, Hemophilia C. The global Hemophilia market is also segmented by treatment. This segmentation includes On-demand and Prophylaxis. The hemophilia market is also bifurcated on the basis of therapy which includes Replacement Therapy, Gene Therapy. On the basis of the region the global agricultural fumigants market is bifurcated into Europe, Latin America, North America, Middle East & Africa, and the Asia Pacific.

Hemophilia drugs are coming out to be one of the crucial medicinal product to limit the loss of blood as there is no precise treatment available to treat this disorder. Among the types of disorders, type A is predicted to be four times more prevalent than type B also it is the most commonly occurring type. The types of hemophilia are characterized on the basis of the coagulation factor deficiency present in particular patient. The growth of type A segment is expected to be moderate over the forecast period as for the treatment of Type A multiple drugs are available from the pharmaceutical industry. The company named Baxalta, which is one of the leading Type A drugs supplier for Hemophilia in Japan, China, South Africa, U.S., Germany, and the U.K. The company provides drugs named as Advate and Recombinate. The government limitations for the distribution of these drugs in some countries are although limiting the growth of the market.

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According to the National Hemophilia Organization, the exact numbers of worldwide incidence of hemophilia are not well known, but it is estimated at more than 400,000 people. The organization also states that approximately 75% of people with hemophilia around the world still receive inadequate treatment or have no access to treatment. The manufacturers of treatment drugs for this disorder are facing a significant challenge while coming up with suitable treatment for hemophilia as there is no exact drug is available. The regulatory bodies are facing increasing pressure to create a therapy for hemophilia disorder and due to such factors, the research and development projects are increasing rapidly.

The Asia Pacific region is expected to be the fastest developing region segment over the forecast period. The increasing initiative taken by the government to promote the usage of hemophilia drugs is foreseen to accelerate the demand for hemophilia over the forecast period. Also, the application of hemophilia in the Key therapies including replacement therapy, Immune Tolerance Induction therapy, and gene therapy is boosting the growth in this region. Europe is one of the huge consumers of hemophilia as the pharmaceutical advancements in this region. In addition, constant research and development activities going on in the developed countries present in this region such as U.K., Germany, and others is boosting the awareness and consumption of hemophilia and hence boosting the market growth. Considering the regions, the North America region is holding a lion's share in the global hemophilia market in terms of revenue generation from the sale of hemophilia. The North America region is holding the highest market share and expected to continue a similar trend by the end of the forecast period. The factors such as a rise in awareness about the hemophilia disorder and need to have a cure for this are propelling the market growth in this region.

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Some of the leading players are providing hemophilia drugs to global locations. These players are focused on delivering government complaint products to patients. The players catering to the global hemophilia market includes Baxalta, CSL Behring, Pfizer, Inc., Bayer Healthcare, BioMarin Pharmaceutical, Inc., Biogen, Chugai Pharmaceutical Co., Novo Nordisk, Shire Plc., and others.

These players are constantly upgrading their strategies to boost revenue generation and market share. For example, in May 2017, Pfizer Inc. which is a one of the leading provider of hemophilia signed a collaboration agreement with Sangamo Therapeutics, Inc. it also includes a global license for developing and commercialize gene therapy programs intended to be utilized for Hemophilia A.

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