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Global Hemophilia Management Market Size, Share, Trends, COVID-19 Impact & Growth Analysis Report – Segmented By Type, Drug and Region - Industry Forecast (2022 to 2027)

Published: January, 2022
ID: 270
Pages: 178
Formats: report pdf report excel report power bi report ppt

Global Hemophilia Management Market Size (2022 to 2027)

The size of the Global Hemophilia Management Market is estimated to be growing at a CAGR of 1.62% from 2022 to 2027. As a result, the market size is predicted to value USD 5.89 billion by 2027 from USD 5.44 billion in 2022. Hemophilia is a genetic disorder that impairs the body`s ability to control blood clotting. Hemophilia usually occurs in males; it is estimated that about 1 in 5000 males born each year contain hemophilia.

Hemophilia is categorized into three levels depending on its severity as severe, moderate, and mild. About 80% of hemophilia patients are considered to suffer from severe type. The worldwide incidence of hemophilia is estimated at more than 400,000 people. It is estimated that about 75% of the hemophilia patients do not receive adequate treatment.

MARKET DRIVERS:

The growing prevalence of the disease and increasing usage of the recombinant product is expected to drive the market growth. Technological advancements and advancements in the novel are coagulating factors and are also fuelling the growth of the global Hemophilia Management market. Rising investments in Research and developments for hemophilia products are even driving the market growth.

The increase in the number of hemophilic patients is driving worldwide demand for recombination. The rise in consumer disposable income, healthcare spending, advances in medical care, and the increase of new trends like medical tourism are factors promoting the developments in the global hemophilia management market. There should be an increase in competitiveness in driving the global demand for this market. To meet the changing needs of the business and solve the existing challenges, the above factor drives away the market's growth. Introduction to new drug launches is one of the factors driving the global hemophilia management Market.

Gene therapy advancements and the approach of approval of drugs for the treatment of hemophilia offer immense opportunities for the growth of the hemophilia management market. Production rise recombinant of factor concentrates has provided the growth opportunity to treat hemophilia and overcome the availability of plasma-derived concentrates. Research and analysis focus on upcoming market trends and offer insights to help business market opportunities and develop an effective strategy to optimize their market positions.

MARKET RESTRAINTS:

The major restraint for the growth of the global hemophilia management market is the high cost of treatment. Awareness of this disease in the population and lack of medicine availability is also the major restraining factor in the market. Plasma treatment products have adverse side effects, which are expected to restrain industry growth during the forecast period. The high cost of products is unaffordable to the lower and middle-income families, which results in a slow expansion of the Global hemophilia management market.

There are multiple challenges in the global hemophilia management market, such as the high quality of funding and implementation, evidence-based hemophilia care, and guideline-driven. In addition, an ongoing challenge to long-term medical conditions is sticking fast to treatment recommendations ad following upon them. The development of alloantibodies against the infused factor concentrates on hemophilia treatment is also one of the challenging aspects.

IMPACT OF COVID-19 ON THE GLOBAL HEMOPHILIA MANAGEMENT MARKET:

COVID-19 has impacted the market in a lot of ways. The lockdown has resulted in more people sitting inside their homes. Thus, the patients who have mild Haemophilia could not take treatment at home, thus increasing the disease's severity. The supply chain was disrupted during the lockdown, and therefore people were not able to self-medicate properly, thus negatively impacting the industry. Finally, the shift in research to find the cure for the virus has further delayed any research and development of this disease's medication.

REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021 to 2027

Base Year

2021

Forecast Period

2022 to 2027

Segments Covered

By Type, Drug, and Region

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

 

This research report has segmented and sub-segmented the global hemophilia management market based on the type, drug, and region.

 Hemophilia Management Market - By Type:

  • Hemophilia A
  • Hemophilia B

Based on type, the Hemophilia A segment is projected to have the highest growth rate driven by many patients suffering from hemophilia A.

Haemophilia A had the largest share in the market due to more cases of Haemophilia A patients. Haemophilia A is caused due to deficiency of the factor VIII. Haemophilia A symptom is bleeding in joints and swelling in joints. Other symptoms are unexplained bleeding and blood in urine or stool. Haemophilia A occurs with an incidence of 1 in 500 to 10 000 males. The rise in research companies trying to find a cure will drive the growth of the management market.

Haemophilia B cases are second in number and are expected to increase in the future. It is a hereditary bleeding disorder caused by a lack of blood clotting factor IX. The prevalence of hemophilia B is 1 in 100000 males, and around 44% suffer from it. The symptoms are bleeding from joints, bleeding from the nose, bruising, blood from urine or stool, etc.

Hemophilia Management Market - By Drug:

  • Octocogalfa
  • Nonacogalfa
  • Desmopressin
  • Other Drugs

The most common drug used for treatment is octocogalfa. It is used to decrease the deficiency of factor VIII. More cases of Haemophilia A have driven this market and are expected to grow at a reasonable rate in the future.

Nonacog alfa is second in terms of market share and is expected to grow positively in the future. It is a purified protein produced by recombinant DNA technology for use in hemophilia B therapy. The rise in cases of Haemophilia B will drive the growth of this market.  

Desmopressin has the third-largest market share, among others, and is expected to grow reasonably. It is used in mild cases of Haemophilia A, and thus rise in hemophilia A cases will drive the market growth. This medication helps to control increased thirst and too much urination Due to Haemophilia and helps prevent dehydration.

Hemophilia Management Market - By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • The Middle East and Africa

Geographically, North America is the largest market for hemophilia management, accounting for approximately XX% due to high government support and the increasing number of patients who have hemophilia. Europe is the second-largest market for hemophilia management. Asia-Pacific region is estimated to be the fastest-growing region due to its high population base and increased healthcare expenditure. Latin America region provides a lucrative opportunity for growth attributed to local government support and the increasing focus of global players towards emerging economies.

KEY MARKET PLAYERS:

A few of the notable companies operating in the global hemophilia management market profiled in this report are Biogen, Baxter International Inc., Pfizer Inc., Bayer Pharma AG, Novo Nordisk A/S, Grifols International SA, CSL Behring, Octapharma, Swedish Orphan Biovitrum AB.

RECENT MARKET HAPPENINGS:

  • Esperoct completed the launches of its hemophilia A in America.
  • BioMarin announced preliminary data from the phase I/II trial results for BMN 270 in April 2016, an investigational gene therapy treatment for hemophilia A. 
  • Danish diabetes care giant Novo Nordisk has launched Esperanto (turoctocog alfa pegol) for people with hemophilia A in the USA. 
  • In June 2016, Shire announced the acquisition of Baxalta, expanding its market share and emphasizing its superiority.

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