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What is the forecasted revenue size of the adakveo industry by 2029?
The adakveo market size has XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to increasing prevalence along with high severity related to the disease, increase in the prevalence of sickle cell anemia, increase the demand for crizanlizumab, rise in diagnosed cases of scd, rise in pharmaceutical innovations for scd.
The adakveo market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to the rising prevalence of sickle cell disease, growing demand for effective treatment options, growing preference for online shopping, increasing production of cell-based therapies, and increased access to healthcare. Major trends in the forecast period include technological advancements, AI in drug development, integration of AI in diagnostics, technological advancements in drug delivery, AI in clinical trials.
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Which industry-specific innovations are acting as key drivers for the adakveo market?
The increasing prevalence of sickle cell disease is expected to propel the growth of the adakveo market going forward. Sickle cell disease (SCD) refers to a group of inherited blood disorders caused by the presence of abnormal hemoglobin, known as hemoglobin S, in red blood cells. The increasing prevalence of sickle cell disease can be attributed to factors such as higher birth rates in regions with endemic malaria, genetic inheritance patterns, and improved survival rates due to advances in medical care, which allow more individuals to live longer with the condition. Adakveo helps sickle cell disease patients by reducing the frequency of vaso-occlusive crises, which are painful episodes caused by the blockage of blood flow in small vessels, through its mechanism of action that selectively inhibits the adhesion of sickle cells to blood vessel walls, thereby improving blood flow and alleviating the symptoms of this debilitating condition. For instance, in July 2024, according to the Pennsylvania Bar Institute (PBI), a US-based organization, in 2021, approximately 7.74 million people had sickle cell disease (SCD). The number of newborns diagnosed annually is projected to increase from 275,000 in 2021 to over 400,000 by 2050. Therefore, the increasing prevalence of sickle cell disease is driving the adakveo market.
Which segment currently leads the adakveo market in terms of revenue share?
The adakveo market covered in this report is segmented –
1) By Indication: Sickle Cell Disease (Adults and Pediatric Patients), Vaso-Occlusive Crisis Prevention
2) By Route Of Administration: Intravenous Injection, Infusion Therapy, Oral
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
4) By End-User: Hospitals, Clinics, Ambulatory Care, Home Care
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Who are the top competitors in the global adakveo market?
Major companies operating in the adakveo market include Novartis AG
What regional dynamics are shaping the future of the global adakveo market?
North America was the largest region in the adakveo market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the adakveo market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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• Time market entry or expansion using growth forecasts and CAGR trends.
• Develop competitive products by tracking key technology shifts and user preferences.
• Tailor regional strategies with in-depth geographic data and local market dynamics.
• Benchmark and plan partnerships using competitive landscape insights.
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