As per the research report, the size of the Latin America Bleeding Disorders Treatment Market is valued at USD 2.09 billion in 2022 and is estimated to be growing at a CAGR of 8.60%, to reach USD 3.15 billion by 2027 during the forecast period 2022 to 2027.
The market is showcasing evident potential in the mentioned forecasting period. A bleeding disorder is a condition that affects the clotting (coagulation) system of the body. If not taken care of this condition properly, serious damage can happen to the body in case of any wound or cut due to excessive loss of blood from the body.
There are various types of Bleeding Disorders, but the most frequently seen cases are Hemophilia A, Hemophilia B, and von Willebrand Disease (vWD). A bleeding disorder is generally diagnosed by any of these three methods: Platelet Aggregation Test, Complete Blood Count (CBC) and bleeding time. There are various treatment methods depending on the type of bleeding disorder and its severity. Treatments include Iron Supplementation pills, Blood transfusion, and other methods.
Because of malnutrition in many countries in this region, cases of iron deficiency happen more frequently in this region, which is the root cause of bleeding disorders. Also, the fact that most of the bleeding disorders are inherited and cannot be completely cured is also driving this market. On the other hand, factors such as high cost of treatment including medication and lack of skilled practitioners to cure these types of disorders are challenging this market.
This research report segmented and sub-segmented into the following categories:
The recombinant coagulation factor concentrates segment is expected to grow the fastest in the mentioned forecast period. This is because of the increased R&D in this market and the increasing focus of pharmaceutical companies on recombinant products.
Latin America has the second-highest growth rate in this market in terms of CAGR. Brazil leads the market in this region.
Prominent companies leading in the Latin America Bleeding Disorders Treatment Market profiled in the report are CSL Behring, Pfizer Inc., Novo Nordisk, Bayer AG, Biogen Inc., Shire Plc., Medline Plus, Janssen Asia-Pacific Services, LLC and Grifos SA.
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