Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 12.57 Billion | USD 19.66 Billion | 5.10% | 2023 |
The global hemophilia treatment drugs market size was worth around USD 12.57 billion in 2023 and is predicted to grow to around USD 19.66 billion by 2032 with a compound annual growth rate (CAGR) of roughly 5.10% between 2024 and 2032.
The report covers forecast and analysis for the hemophilia treatment drugs market on a global and regional level. The study provides historical data from 2018 to 2022 along with the forecast from 2024 to 2032 based on revenue (USD Billion).
Hemophilia is a rare bleeding disorder which is inherited from parents that cause abnormal or exaggerated bleeding and poor blood clotting. Hemophilia A, B, C and acquired hemophilia are the types of hemophilia disorders which are generally seen in human beings. Hemophilia is inherited through the X-linked recessive genetic pattern. Treatment of hemophilia includes replacement of the specific clotting factor that is reduced in the genes.
According to the estimates of National Hemophilia Foundation (U.S.), there are over 4 million people suffering from hemophilia. Approximately only 25% of these patients get proper treatment for hemophilia. Increase in the number of hemophilia patients and the required treatments acts as the main drivers for the growth of global hemophilia treatment drugs market. Growing awareness about the disease, increase in government assistance, technological advancements in the improvement of drugs, and improving regulatory framework fuels the growth of the global hemophilia treatment drugs market. Counterfeit drugs and poor healthcare systems in developing and under-developed regions act as the restraints for the growth of the market.
The study includes drivers and restraints for the hemophilia treatment drugs market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the hemophilia treatment drugs market on a global level.
In order to give the users of this report a comprehensive view on the hemophilia treatment drugs market, we have included a competitive landscape and analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis in order to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launch, agreements, partnerships, collaborations & joint ventures, research & development, product and regional expansion of major participants involved in the market.
The study provides a decisive view on the hemophilia treatment drugs market by segmenting it on the basis of product type, disease type, distribution channel, and region. All the segments have been analyzed based on present and the future trends and the market is estimated from 2024 to 2032.
The product type segment is divided into recombinant coagulation factor concentrate (RCFC), desmopressin, an antifibrinolytic agent, and plasma derived coagulation factor concentrate (PDCFC). The RCFC segment is anticipated to dominate the global market of hemophilia treatment drugs as it exhibits low risk of blood-related infections. The PDCFC is also expected to show a significant growth. Plasma derivatives are fractions that are isolated from human blood which contains three main components namely immunoglobin, albumin, and clotting factors. A number of countries have attempted to implement local collection and fractionation programmers, due to which there is increasing demand for this plasma derived factors which drives the growth of this segment.
The disease type segment includes hemophilia B, hemophilia A, and others. Hemophilia A is caused when there is lack of factor VIII in blood. In 2016, over 149,800 patients were suffering from hemophilia A. This number is anticipated to increase in the near future. Due to this, the hemophilia A segment is expected to dominate the disease type segment in the forecast period.
Based on distribution channel, the market is segmented into retail pharmacies, hospital pharmacies, and e-commerce. The hospital pharmacies segment is anticipated to lead the global hemophilia treatment drugs market. The e-commerce segment is anticipated to show rapid growth due to increase in the use of internet services.
Report Attributes | Report Details |
---|---|
Report Name | Hemophilia Treatment Drugs Market Research Report |
Market Size in 2023 | USD 12.57 Billion |
Market Forecast in 2032 | USD 19.66 Billion |
Growth Rate | CAGR of 5.10% |
Number of Pages | 110 |
Key Companies Covered | Shire Plc., Novo Nordisk A/S, Pfizer, Bayer AG, CSL Ltd., Biogen, and others. |
Segments Covered | By Product Type, By Disease Type, By Distribution Channel, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa with its further categorization into major countries including the U.S., the UK, Germany, France, China, Japan, India, Brazil, etc. This segmentation includes demand for hemophilia treatment drugs market based on all segments in all the regions and countries.
The growing awareness about the number of treatments available for hemophilia has helped North America to continue its supremacy in global hemophilia treatment drugs market. Asia Pacific is expected to show the highest CAGR owing to the dynamic shift in the consumption pattern of consumers due to the changing lifestyles in this region.
The report also includes detailed profiles of end players such as:
By Product Type
By Disease Type
By Distribution Channel
By Region
FrequentlyAsked Questions
Hemophilia is a rare bleeding disorder which is inherited from parents that cause abnormal or exaggerated bleeding and poor blood clotting.
According to study, the global hemophilia treatment drugs market size was worth around USD 12.57 billion in 2023 and is predicted to grow to around USD 19.66 billion by 2032.
The CAGR value of hemophilia treatment drugs market is expected to be around 5.10% during 2024-2032.
North America has been leading the global hemophilia treatment drugs market and is anticipated to continue on the dominant position in the years to come.
The global hemophilia treatment drugs market is led by players like Shire Plc., Novo Nordisk A/S, Pfizer, Bayer AG, CSL Ltd., Biogen, and others.
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