Description
The Hemophilia Market was valued at $11.10 Billion in 2018 and is forecast to grow at a modest 6.5 % CAGR between 2018 and 2025, culminating in 2026 global sales of $ 26.54 Billion.
Industry at a Glance.
Hemophilia is a medical condition in which the ability of the blood to clot is severely reduced, causing the sufferer to bleed severely from even a slight injury. The condition is typically caused by a hereditary lack of a coagulation factor, most often factor VII.
Rising incidence of bleeding disorders and increasing severity with the genetic progression worldwide is expected to drive overall market growth. Many associations such as the Hemophilia Association of America (HAA) and the National Hemophilia Foundation (NHF) mostly provide hemophilia treatment for patients by announcing numerous enterprises.
According to the World Federation of Hemophilia (WFH), approximately 2.9 million people were affected by Hemophilia in 2018 worldwide. In the UK About 6,000 people are suffering from hemophilia in the same year.
Growth in numerous government initiatives will enhance industry growth over the forecast period. Organizations including the World Hemophilia Organization along with governments of several countries perform consciousness and diagnosis programs. Government efforts to boost public health and treat poor people will result in furthering the hemophilia treatment market growth in the coming future.
Pricing Analysis
“Optimal Price Point (OPP) for Global Hemophilia”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On average, in Global Hemophilia are available at USD xxx- USD xxxx. However, high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of the latest products.
Global Hemophilia Market by “Key Type”
We have segmented the Global Hemophilia-based on Key Type as Type A, Type B, Type C, and Others.
We have observed the rapid growth of Hemophilia followed by Type A segment has the largest market share in 2018 and is expected to propel the market growth over the forecast period. Hemophilia A is the most dominant type of condition with the incidence rate of 1 in 4,000 to 1 in 5,000 males across the globe. Whereas Hemophilia B occurs in approximately 1 in 20,000 newborn males all across the globe. The main medication to treat hemophilia A is concentrated FVIII product, also called clotting factor or simply factor.
Global Hemophilia Market by “Therapy Categories”
We have segmented the Global Hemophilia-based on Therapy categories as Replacement Therapy, Gene Therapy, and ITI therapy.
We have observed the rapid growth of Hemophilia followed by Replacement Therapy with a CAGR of x.8% and is expected to propel the market growth over the forecast period. This segment is playing a crucial role in treatment and support to change the missing part of the patient.
We also noticed the Gene Therapy segment anticipated to drive the market with a CAGR of 4.6% from 2018 to 2026.
Global Hemophilia Market by “Treatment Categories”
We have segmented the Global Hemophilia-based on Treatment Categories as On-demand and Prophylaxis.
We have observed the rapid growth of Hemophilia followed by the On-demand segment has the largest market share in 2018 and is estimated to grow during the prediction period. A prophylactic is a medication, or a treatment designed and used to prevent a disease from occurring. The patient who suffering from severe hemophilia is treatment by prophylaxis. It propels productivity and provides a better life solution.
Regional Segmentation
North America and Asia Pacific accounted for the maximum revenue share of over xx% in 2018 due to increased demand for Global Hemophilia followed by EU- Top 5 countries contribute $X.9 Billion in 2018 and expected to reach $x.5 Billion by 2026.
The Asia Pacific is projected to create substantial growth in the global. China, India, and Malaysia are key region enhance their market growth because of an increasing number of hemophilic patients
The North America region led the market and accounted for the largest market share of 45.20% in 2018 in terms of developing market and End-use industries, in the global market. Due to the well-recognized clinical infrastructure and the growing disposable income as well as a rising inclination towards prophylaxis treatment.
“Competitive Landscape” and “Merger & Acquisition Insights”
The key market participants are Spark Therapeutics, Inc., Genzyme Corporation, Chugai Pharmaceutical Co. Ltd., Novo Nordisk A/S., Octapharma AG, Shire (Baxalta), CSL Behring, Pfizer, Inc., Bayer AG, and BioMarin are few major players in Global Hemophilia markets. The Global Hemophilia market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation & new product development are major focus areas for dominant companies.
Market Segmentation
Global Hemophilia Market by Key Type (Revenue, Million, 2018 – 2026)
- Type A
- Type B
- Type C
- Others
Global Hemophilia Market by Therapy Categories (Revenue, Million, 2018 – 2026)
- Replacement Therapy
- Gene Therapy
- ITI therapy
Global Hemophilia Market by Treatment Categories (Revenue, Million, 2018 – 2026)
- On-demand
- Prophylaxis
Global Hemophilia Market Regional Outlook (Revenue, USD Million, 2018-2026)
North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Asia Pacific
- Japan
- China
- India
- Australia
- Latin America
- Brazil
- Mexico
- Columbia
- Middle East and Africa
- South Africa
- Saudi Arabia
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