New York, NY, July 24, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Hemophilia Treatment Market by Type (Hemophilia A, Hemophilia B, and Hemophilia C), by Product (Recombinant Coagulation Factor Concentrates, Plasma Derived Coagulation Factor Concentrates, Antifibrinolytic Agents, and Desmopressin), and by Therapy (Replacement and Gene): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global hemophilia treatment market was approximately USD 10,692 million in 2018 and is expected to generate around USD 16,310 million by 2025, at a CAGR of around 6.24% between 2019 and 2025.
Hemophilia is commonly a genetic rare bleeding disorder that restricts blood clotting in a proper way, as it deficiencies adequate blood-clotting proteins (clotting factor). This condition tends to occur mainly in males. People with hemophilia do not bleed any faster than normal but can bleed for an extended time after an injury than anyone would have if their blood clotted normally. Hemophilia treatment involves the replacement of the specific needed clotting factor via a tube inserted in a vein. The prescribed treatment for hemophilia depends on the condition’s severity. The two foremost treatment approaches are preventive treatment, in which medicine is used to prevent bleeding and muscle damage, and on-demand treatment, where medicine is used for prolonged bleeding.
Browse through 54 Tables & 26 Figures spread over 110 Pages and in-depth TOC on “Global Hemophilia Treatment Market: By Type, Product, Industry Share, Applications, Size, Growth, Analysis and Forecast, 2018–2025”.
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The global hemophilia treatment market is growing due to increasing bleeding disorder prevalence and their rising severity, advancing medical knowledge, and the rising number of scientific research activities. The National Hemophilia Foundation states that more than 400,000 people are affected by the disorder and 75% of people still lack adequate treatment options for the same. Additionally, the increasing use of prophylactic treatment for hemophilia, the invention of novel coagulating factors, technological advancements, flourishing biotechnology sector, increasing awareness among people, escalating research and development focused on identifying curative agents are other key factors driving the global hemophilia treatment market. However, the high treatment costs, stringent government regulations, and lack of available medicines may restrain the hemophilia treatment market growth.
The hemophilia treatment market is fragmented on the basis of type, product, and therapy. Based on type, the market includes Hemophilia A, B, and C. Hemophilia A held the largest market share in 2018, due to its increasing prevalence and rising awareness among the people regarding its treatment.
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By product, the market is classified into desmopressin, plasma derived coagulation factor concentrates, recombinant coagulation factor concentrates, and antifibrinolytic agents. The recombinant coagulation factor concentrates segment dominated the global hemophilia treatment market in 2018 and is expected to grow rapidly in the future. This can be attributed to the rising recombinant coagulation factor concentrates demand as it helps to treat hemophilia and overcome the limited availability of plasma derived concentrates.
The therapy segment of the market comprises gene and replacement therapy. Gene therapy is expected to show the highest CAGR in the global market in the future.
Browse the full “Hemophilia Treatment Market by Type (Hemophilia A, Hemophilia B, and Hemophilia C), by Product (Recombinant Coagulation Factor Concentrates, Plasma Derived Coagulation Factor Concentrates, Antifibrinolytic Agents, and Desmopressin), and by Therapy (Replacement and Gene): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/hemophilia-treatment-market
North America dominated the global hemophilia treatment market in 2018, due to the increasing prevalence of bleeding disorder and their rising severity, growing use of recombinant products, rising preference toward prophylaxis treatment, the rising ability of effective gene therapy, and the regional presence of key market players. North America is estimated to maintain its top position over the forecast time period. Additionally, rising R&D investments of hemophilia products and advancing medical knowledge and scientific research are also contributing to this regional market. The U.S. is a major country in the North American market, owing to huge government support, increasing patient pool suffering from hemophilia, and rising use of available medicine.
Europe contributed the second largest revenue share in 2018 to the global hemophilia treatment market, due to the increasing prevalence of Hemophilia A, technological advancements, technological advancements, growing government support, and rising investments in R&D for hemophilia products. Germany dominated the European hemophilia treatment market with a major revenue share in 2018.
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The Asia Pacific hemophilia treatment market will show the highest CAGR over the forecast time period, owing to the increasing prevalence of hemophilia disease, a large pediatric population base, escalating healthcare expenditure, rising use of recombinant products, and growing use of recombinant products. China and Japan are dominant countries in the Asia Pacific hemophilia treatment market, whereas India is estimated to grow notably in the future.
The Latin American hemophilia treatment market is likely to grow moderately over the forecast time period, owing to the increasing supportive government initiatives, increasing the focus of key players in emerging economies, and rising bleeding disorder prevalence. However, the high treatment cost may hamper the Latin American market. Brazil contributed the largest revenue share in 2018 and is a major market in Latin America. The Middle Eastern and African hemophilia treatment market will grow slowly in the upcoming years, owing to the high treatment costs and lack of advanced technologies.
Some key players operating in the global hemophilia treatment market are Pfizer, Baxalta, Baxter International, CSL Ltd., Octapharma, Grifols, Novo Nordisk, Kedrion, Bayer, Biogen Idec, and Hospira.
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This report segments the global hemophilia treatment market into:
Global Hemophilia Treatment Market: By Type
- Hemophilia A
- Hemophilia B
- Hemophilia C
Global Hemophilia Treatment Market: By Product
- Recombinant Coagulation Factor Concentrates
- Plasma Derived Coagulation Factor Concentrates
- Antifibrinolytic Agents
- Desmopressin
Global Pediatrics Healthcare Market: By Therapy
- Replacement Therapy
- Gene Therapy
Global Hemophilia Treatment Market: By Region
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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