Hemophilia is usually an inherited bleeding disorder, in which the blood does not clot properly. This can lead to spontaneous bleeding, followed by injuries or surgery. Blood contains many proteins called clotting factors, which can help stop the bleeding. People with hemophilia have low levels of factor VIII or factor IX. The severity of hemophilia that a person has is determined by the amount of factor in the blood. Hemophilia is caused by a mutation or change, in one of the genes, that provides instructions for making the clotting factor proteins needed to form a blood clot. There are two major types of hemophilia namely, hemophilia A and hemophilia B. The treatment of hemophilia involves replacement of missing blood clotting factor so that the blood can clot properly. This is done by infusion, in which the commercially prepared factor concentrates are administered through a vein. People with hemophilia can learn how to perform these infusions themselves so that they can stop bleeding episodes and, by performing the infusions on a regular basis can even prevent most bleeding episodes.
The major factors that drive the growth of the global hemophilia treatment market include, increase in the prevalence of hemophilia, technological advancements in the treatment of hemophilia, and favorable government initiatives for hemophilia management. In addition, increase in target population, increased diagnosis rate, and rise in the use of prophylactic treatment for hemophilia also propel the market growth. However, high cost of hemophilia treatment, lack of medicines of hemophilia, and serious adverse effects associated with plasma derived products are expected to restrict the market growth. Conversely, the rise in the awareness about hemophilia in developing countries provides lucrative opportunities for the growth of the market.
The hemophilia treatment market is segmented on the basis of type, drug therapy, and region. According to type, the market is divided into hemophilia A and hemophilia B. On the basis of drug therapy, the market is bifurcated into recombinant coagulation factor concentrates therapy, plasma derived coagulation factor concentrates therapy, non-factor replacement therapy, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include, Bayer AG, Pfizer, Inc., F. Hoffmann-La Roche AG, CSL Ltd., Takeda Pharmaceuticals Company Ltd., Novo Nordisk A/S, Grifols S.A., Swedish Orphan Biovitrium AB, Octapharma AG, and Medexus Pharmaceuticals Inc.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the hemophilia treatment market analysis from 2021 to 2031 to identify the prevailing hemophilia treatment market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hemophilia treatment market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global hemophilia treatment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Hemophilia A
- Hemophilia B
By Drug Therapy
- Recombinant coagulation factor concentrates therapy
- Plasma derived coagulation factor concentrates therapy
- Non-factor replacement therapy
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- South Africa
- Saudi Arabia
- Rest of LAMEA
Key Market Players
- Bayer AG
- CSL Ltd. (CSL Behring)
- F. Hoffmann-La Roche AG
- Grifols, S.A
- Medexus Pharmaceuticals Inc.
- Novo Nordisk A/S
- octapharma ag
- Pfizer Inc.
- Swedish Orphan Biovitrum AB
- Takeda Pharmaceuticals Company ltd
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Table of Contents
Executive Summary
According to the report, titled, “Hemophilia Treatment Market," the hemophilia treatment market size was valued at $12.8 billion in 2021, and is estimated to reach $26.9 billion by 2031, growing at a CAGR of 7.5% from 2022 to 2031.Hemophilia is a bleeding disorder that slows the blood clotting process. People with this condition experience prolonged bleeding or oozing following an injury, surgery, or having a tooth pulled. In severe cases of hemophilia, continuous bleeding occurs after minor trauma or even when there is no obvious injury. Serious complications in the joints, muscles, brain, or other internal organs can result from bleeding. Milder forms of hemophilia do not necessarily involve spontaneous bleeding, and the condition may not become apparent until abnormal bleeding occurs following surgery or a serious injury. The primary treatment for severe hemophilia involves replacing the clotting factor needed through a tube in a vein.
Hemophilia treatment market trends like increase in the prevalence of hemophilia, technological advancements in the treatment of hemophilia, and favorable government initiatives for hemophilia management is expected to drive the market growth. In addition, increase in target population, increased diagnosis rate, and rise in the use of prophylactic treatment for hemophilia boost the market growth. However, high cost of hemophilia treatment, lack of medicines of hemophilia, and serious adverse effects associated with plasma derived products are expected to restrict the market growth. Moreover, rise in the awareness about hemophilia in developing countries provides lucrative opportunities for the growth of the hemophilia treatment market.
Coronavirus (COVID-19) was discovered in late December 2019 in Hubei province of Wuhan city in China. The situation of COVID-19 has varied outcome when related to vaccinations. There is an emerging gap in the economic recovery between high-income and low and middle income countries. After the pandemic severely disrupted global trade, the world is witnessing a robust rebound, which helped with the recovery in 2021. Trade contributes to speeding up economic recovery from the pandemic by providing sustained foreign demand for exports and ensuring the availability of imported intermediate products and services. Amidst the initial outbreak of COVID-19, the outlook for the hemophilia treatment industry was negatively impacted by the COVID-19 pandemic. It was thought that hemophilia patients were more prone to COVID-19, which made them more precautious and subjected to avoid the hospitals visits in early 2020. This led to decrease in the use of hemophilia medicines. Moreover, the supply chain of the medicines was also disturbed, which led to increase in demand and supply gap. In addition, manufacturers were also made to slow down the manufacturing procedure due to the limitations on the numbers of workers allowed. However, the situation of reduced usage of hemophilia medicines is observed to be changing in the 2021 and is expected to totally increase the supply and demand in the near future post pandemic. Overall, the COVID-19 pandemic had a negative impact on the hemophilia treatment market size owing to the various stringent government restrictions for reducing hospital visits. The manufacturers were also hit by the pandemic effect with decrease in demand for hemophilia medicines.
The hemophilia treatment market is segmented on the basis of type, drug therapy, and region. According to type, the market is divided into hemophilia A and hemophilia B. On the basis of drug therapy, the market is bifurcated into recombinant coagulation factor concentrates therapy, plasma derived coagulation factor concentrates therapy, non-factor replacement therapy, and others. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
On the basis of type, the hemophilia treatment market is categorized as hemophilia A and hemophilia B. The hemophilia A segment was dominant in 2021 and is expected to remain dominant during the forecast period, owing to the rise in incidence of hemophilia A and increased use of factor VIII. Hemophilia A is also projected to exhibit the fastest market growth during the forecast period, owing to technological advancements in treatment of hemophilia and product approval by regulating authorities.
On the basis of drug therapy, the recombinant coagulation factor concentrates therapy segment was dominant in 2021 and is expected to remain dominant during the forecast period, owing to increase in the number of recombinant technology products available for the treatment. Moreover, non-factor replacement therapy is projected to exhibit the fastest growth during hemophilia treatment market forecast period, owing to increase in target population and rise in R&D activities on the treatment therapies.
Europe was the highest revenue contributor in the 2021 and is expected to continue the same during the forecast period. This was attributed to the research activities for hemophilia treatment, which are soaring in Europe, owing to the well-established healthcare facilities, recent technological advancements, and rise in demand for early diagnosis of hemophilia due to increase in awareness regarding the disease. Asia-Pacific is projected to register the highest CAGR of 8.3% during the forecast period to the hemophilia treatment market share, owing to increase in incidence of population suffering from hemophilia. In addition, increase in healthcare expenditure offers a lucrative opportunity for the hemophilia treatment industry growth.
Key Findings of the Study
- By type, the hemophilia A segment is expected to experience rapid growth in the market, and is projected to grow at a CAGR of 7.6% from 2022 to 2031.
- By drug therapy, the non-factor replacement therapy segment is expected to experience growth at the highest rate, registering a CAGR of 8.6% during the forecast period of the hemophilia treatment market analysis.
- Region-wise, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 8.3% during the forecast period of the hemophilia treatment market analysis.
Companies Mentioned
- Bayer AG
- Csl Ltd. (Csl Behring)
- F. Hoffmann-La Roche AG
- Grifols, S.A
- Medexus Pharmaceuticals Inc.
- Novo Nordisk A/S
- Octapharma AG
- Pfizer Inc.
- Swedish Orphan Biovitrum Ab
- Takeda Pharmaceuticals Company Ltd
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 198 |
Published | June 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 12764.8 million |
Forecasted Market Value ( USD | $ 26905.2 million |
Compound Annual Growth Rate | 7.7% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |