Global Hemoglobinopathies Market is Expected to Reach $7.0 Billion by 2031: Says AMR

High prevalence of common rare blood-related diseases drives the growth of the global hemoglobinopathies market. Based on therapy, the monoclonal antibody medication segment held the major share in 2021. By region, on the other hand, Asia-Pacific would garner the fastest CAGR by 2031.

Portland, OR, Aug. 25, 2022 (GLOBE NEWSWIRE) -- The Global Hemoglobinopathies Market size was estimated at $4.2 billion in 2021 and is expected to hit $7.0 billion by 2031, registering a CAGR of 5.2% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

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Report coverage & details:

Report CoverageDetails
Forecast Period2022­–2031
Market Size in 2031$7.0 Billion
No. of Pages in Report315
OpportunitiesIncrease in R&D activities for the treatment
RestraintsHigh treatment cost and lack of awareness regarding the same

Covid-19 scenario-

  • The risk of Covid-19 infection gave way to a steep decline in demand for treatments of hemoglobinopathies, thus impacting the global hemoglobinopathies market.
  • The outbreak of the pandemic slowed down the market growth, since treatments for thalassemia and sickle cell disease require hospitalization for blood transfusion and bone marrow transplantation, which increased the chances of being infected with the Covid-19 virus.

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The global hemoglobinopathies market is analyzed across type, therapy, distribution channel, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.

Based on type, the thalassemia segment contributed to nearly two-thirds of the global hemoglobinopathies market revenue in 2021, and is expected to dominate by 2031. The same segment would also showcase the fastest CAGR of 5.5% throughout the forecast period. The sickle cell disease segment is also assessed in the study.

Based on therapy, the monoclonal antibody medication segment held around three-fifths of the total market revenue in 2021, and is expected to dominate by 2031. The hydroxyurea segment, simultaneously, would manifest the fastest CAGR of 6.0% throughout the forecast period. The ACE inhibitors segment is also analyzed in the report.

By distribution channel, the drug stores and retail pharmacy segment garnered more than half of the global hemoglobinopathies market in 2021, and would rule the roost by the end of 2031. The online providers segment, nonetheless, would display the fastest CAGR of 6.6% from 2022 to 2031.

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Based on region, the market across North America generated around two-fifths of the global hemoglobinopathies market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, however, would manifest the fastest CAGR of 6.8% during the forecast period. The other regions studied in the report include LAMEA and Europe.

The key market players analyzed in the global hemoglobinopathies market report include Alnylam Pharmaceuticals, Biogen Idec, Bluebird, Inc., Canthera Discovery Ltd., Danaher, Emmaus Life Sciences, Inc., Abbott Laboratories,  F. Hoffman-La Roche Ag, Gamida Cell Ltd., Global Blood Therapeutics, Sanofi, Merck & Co, Novartis AG, Pfizer, Inc, Sangamo Therapeutics,  Bristol Myers Squibb Company, and Prolong Pharmaceuticals, LLC. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance, product portfolio, operating segments, and developments by the top players. 

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