Overview and Scope
Hemoglobinopathies treatment refers to the management and care provided to individuals with hemoglobinopathies, which are genetic disorders characterized by abnormal or mutated hemoglobin molecules, such as sickle cell disease and thalassemia. The goal of treatment for hemoglobinopathies is to manage symptoms, prevent complications, and potentially provide curative options to improve patient outcomes and quality of life.
Sizing and Forecast
The hemoglobinopathies treatment market size has grown strongly in recent years. It will grow from $8.2 billion in 2023 to $9.01 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to scientific discoveries,medical advances, patient advocacy, public health awareness, international collaboration and research consortia.
The hemoglobinopathies treatment market size is expected to see rapid growth in the next few years. It will grow to $13.2 billion in 2028 at a compound annual growth rate (CAGR) of 10%. The growth in the forecast period can be attributed to increasing emphasis on personalized medicine, regulatory support for rare diseases, implementation of prenatal screening programs, genetic counselling services enabled early detection of hemoglobinopathies during pregnancy and expanded adoption of disease-modifying therapies. Major trends in the forecast period include novel drug therapies, cellular therapies, advancements in precision therapeutics, improved diagnostic tools.
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Segmentation & Regional Insights
The hemoglobinopathies treatment market covered in this report is segmented –
1) By Treatment: Stem Cell Therapy, Blood Transfusion
2) By Application: Thalassemia, Sick Cell Anemia
3) By Distribution Channel: Hospital Pharmacy, Online Providers, Drug Stores And Retail Pharmacy
North America was the largest region in the hemoglobinopathies treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hemoglobinopathies treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The growing genetic inheritance is expected to propel the growth of the hemoglobinopathies treatment market going forward. Genetic inheritance refers to the method by which characteristics are transferred from parents to offspring through their DNA during sexual and asexual reproduction. Genetic inheritance has grown importance due to improvements in genetic research and technology, which have enhanced understanding of how genetic factors contribute to numerous diseases and ailments, including hemoglobinopathies. Genetic inheritance contributes to the growth of the hemoglobinopathies treatment with improved targeted therapies, personalized medicine, drug development, diagnosis. For instance, in March 2023, Gene People, a UK-based registered charity, the prevalence of genetic conditions in children is estimated that 1 in every 25 children has a genetic problem and 30,000 babies and children are newly diagnosed each year. Therefore, the increasing genetic inheritance is driving the growth of the hemoglobinopathies treatment market.
Key Industry Players
Major companies operating in the hemoglobinopathies treatment market are Pfizer Inc., Sanofi S.A., Novartis AG, Bristol Myers Squibb, Gilead Sciences Inc., Vertex Pharmaceuticals Incorporated, Pharmacosmos A/S, Alnylam Pharmaceuticals, Global Blood Therapeutics Inc., Acceleron Pharma Inc., Sangamo Therapeutics Inc., Gamida Cell Ltd., Beam Therapeutics, Intellia Therapeutics, Adaptimmune Therapeutics, Orchard Therapeutics plc, Fresenius SE & Co. KGaA, Editas Medicine, Agios Pharmaceuticals Inc., Emmaus Life Sciences Inc., Bluebird Bio Inc., CRISPR Therapeutics AG, Bioverativ Inc., Celgene Corporation, EMI Holding Inc.
The hemoglobinopathies treatment market report table of contents includes:
1. Executive Summary
2. Hemoglobinopathies Treatment Market Characteristics
3. Hemoglobinopathies Treatment Market Trends And Strategies
4. Hemoglobinopathies Treatment Market – Macro Economic Scenario
5. Global Hemoglobinopathies Treatment Market Size and Growth
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31. Hemoglobinopathies Treatment Market Other Major And Innovative Companies
32. Global Hemoglobinopathies Treatment Market Competitive Benchmarking
33. Global Hemoglobinopathies Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hemoglobinopathies Treatment Market
35. Hemoglobinopathies Treatment Market Future Outlook and Potential Analysis
36.Appendix
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