Global Hemophilia Market is valued at USD 12.1 Billion in 2021 and is projected to attain a value of USD 14.2 Billion by 2028 at a CAGR of 5.3% during the forecast period, 2022–2028. One of the primary aspects projected to favourably impact market growth is increased R&D initiatives, particularly in the area of finding medicinal compounds. The limited treatment therapy alternatives available and the growing regulatory burden on regulatory authorities to address it result in increased R&D initiatives. Furthermore, increased public awareness campaigns and supportive actions, such as the government's proposal to begin early neonatal screening, are projected to increase the demand for Hemophilia diagnostic equipment.
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Growing Prevalence of Hemophilia
The key element driving the Hemophilia industry's growth is the rising number of Hemophilia cases around the world. Over 49,083 people were diagnosed with bleeding disorders in 2019, and this number is expected to rise to 400,000 by 2020-2021. Furthermore, advantageous government schemes in various countries, such as lowering the cost of Hemophilia Treatment, have influenced market growth. The availability of a wide range of therapy and drugs has boosted demand for Hemophilia treatment.
In recent years, the rise of the Hemophilia treatment market has been assisted by expanding government programmes and aggressive campaigning. Also, medical guidelines based on COVID immunisation have improved the treatment and facilities connected to haemophilia therapy. Because of the improved life quality and overall therapy seen in Hemophilia patients, injectable administration has seen a growth rate of more than 5% in recent years.
Global Hemophilia Market is segmented on the basis of Type into Hemophilia A, Hemophilia B, Hemophilia C, Others. Based on Treatment, the Hemophilia market segmented into On-demand and Prophylaxis. Based on Therapy, the Hemophilia Market segmented into Replacement therapy, ITI therapy and Gene therapy. Based on region, the Hemophilia Market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
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Some of the players in the Hemophilia Market include Swedish Orphan Biovitrum AB, Sanofi SA, Pfizer, Novo Nordisk, Genentech, CSL Behring, Biogen, among other market players.
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