Thalassemia drugs refer to medications used to treat thalassemia, an inherited blood illness in which the body produces too little or a strange kind of hemoglobin. Anemia is brought on by the disorder’s large-scale destruction of red blood cells.
Sizing and Forecast
The thalassemia drugs market size has grown rapidly in recent years. It will grow from $2.07 billion in 2023 to $2.3 billion in 2024 at a compound annual growth rate (CAGR) of 11.4%. The growth in the historic period can be attributed to increasing prevalence of thalassemia, genetic predisposition and prevalence, advances in healthcare infrastructure, growing awareness of thalassemia, improvements in diagnostic capabilities.
The thalassemia drugs market size is expected to see rapid growth in the next few years. It will grow to $3.4 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The growth in the forecast period can be attributed to growing gene therapies for thalassemia, growing demand for targeted and personalized medicine, increased investments in rare disease drug development, rise in healthcare expenditure, global initiatives for thalassemia awareness. Major trends in the forecast period include personalized treatment regimens, integration of digital health solutions in thalassemia management, development of research on curative therapies, development of combination drug therapies, expansion of patient support programs.
To access more details regarding this report, visit the link:
https://www.thebusinessresearchcompany.com/report/thalassemia-drugs-global-market-report
Segmentation & Regional Insights
The thalassemia drugs market covered in this report is segmented –
1) By Type: Alpha Thalassemia Drugs, Beta Thalassemia Drugs
2) By Treatment Type: Iron Chelation Therapy, Other Treatments
3) By Distribution Channel: Hospital Pharmacies, Online Providers, Drug Stores And Retail Pharmacies
Asia-Pacific was the largest region in the thalassemia drugs market in 2023. The regions covered in the thalassemia drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12213&type=smp
Major Driver Impacting Market Growth
Rising R&D expenditure is expected to boost the thalassemia market going forward. R&D investment can be defined as the expenses undertaken by a company for developing, designing, and enhancing its offerings. Increased expenditure can boost innovation and productivity in designing and formulating innovative drugs for the treatment of thalassemia. For instance, according to a report published by the European Federation of Pharmaceutical Industries and Associations, a Belgium-based pharmaceuticals-based trade association, in 2021 European health industries invested about 41.5 billion euros ($44.47 billion) for R&D expenditure, an increase compared to 39.65 billion euros ($42.49 billion) in 2020. Therefore, rising R&D expenditure is driving thalassemia market.
Key Industry Players
Major companies operating in the thalassemia drugs market report are Pfizer Inc., Merck & Co. Inc., Novartis AG, Sanofi S.A., Fresenius Kabi AG, Bristol Myers Squibb Co., Fresenius SE & Co. KGaA, GlaxoSmithKline plc, Teva Pharmaceutical Industries Ltd., Lonza Group AG, Incyte Corporation, Chiesi Farmaceutici S.p.A., Cipla Ltd., Panacea Biotec Ltd., Ionis Pharmaceuticals Inc., Alvogen Inc., Apotex Inc., Acceleron Pharma Inc., Alnylam Pharmaceuticals Inc., Shanghai Bioray Laboratory Inc., La Jolla Pharmaceutical Company, Editas Medicine Inc., Agios Pharmaceuticals Inc., Bluebird Bio Inc., Gamida Cell Ltd., CRISPR Therapeutics AG
The thalassemia drugs market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
.
.
.
27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
Explore the trending research reports from TBRC:
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
