The hemophilia treatment market size in 2021 stood at US$ 14.44 billion and is projected to reach US$ 23.53 billion by 2031 from US$ XX billion in 2023. The market is expected to register a CAGR of 5.1% in 2023–2031. AAV (adeno-associated virus) based gene therapy is a new treatment for hemophilia is likely to remain a key hemophilia treatment market trend.
The market is being driven primarily by the presence of numerous players and various products in pipeline phases. The increase in R&D studies for haemophilia treatments, the increase in target population, and the prevalence of haemophilia contribute to the growth of the hemophilia treatment market. Furthermore, rising awareness of haemophilia disorders and increasing government funding for early identification in neonates are expected to drive market growth.
Hamophilia is a genetic bleeding disorder in which blood clotting factors are defective or lacking, causing internal and external bleeding. Significant technological advances in haemophilia treatment products have resulted in the availability of enhanced treatment alternatives for haemophilia management in the population. The demand for new haemophilia treatment options is increasing as the target population grows and the number of diagnostic procedures increases worldwide.
An increase in several government initiatives is expected to boost healthcare industry growth over the forecast period. Organizations such as the World Hemophilia Organization and governments of several countries carry out awareness and diagnosis programs. For instance, Health Resources and Services Administration (HRSA) Maternal and Child Health Bureau (MCHB), with funding from HRSA, hemophilia treatment center (HTCs) deliver critical, complete multi-disciplinary facilities, such as physical therapy charges, social work, and case management services that are not characteristically enclosed by insurance. Government efforts to improve public health and treat deprived people will boost the growth of the hemophilia treatment market.
Over the last five years, many hemophilia treatment products that are currently used in several disciplines have been developed. For instance, in February 2020, Novo Nordisk introduced an antihemophilic product, Esperoct, to reduce hemophilia effect in adults and children with hemophilia A.
Key segments that contributed to the derivation of the hemophilia treatment market analysis are product, disease, treatment type, therapy, and end user.
The geographic scope of the hemophilia treatment market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America has dominated the hemophilia treatment market. Factors such as the increasing number of surgical procedures, improvement in the healthcare infrastructure, and the availability of technological advancements in the region are leading to the growth of the hemophilia treatment market in North America.
The regional trends and factors influencing the Hemophilia Treatment Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Hemophilia Treatment Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
Report Attribute | Details |
---|---|
Market size in 2021 | US$ 14.44 Billion |
Market Size by 2031 | US$ 23.53 Billion |
Global CAGR (2023 - 2031) | 5.1% |
Historical Data | 2021-2022 |
Forecast period | 2023-2031 |
Segments Covered |
By Product
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
The Hemophilia Treatment Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Hemophilia Treatment Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The hemophilia treatment market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for hemophilia treatment:
The “Hemophilia Treatment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: