The global hemophilia treatment market size was US$ 12.8 billion in 2021. The global hemophilia treatment market size is forecast to reach US$ 26.9 billion by 2030, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period from 2022 to 2030.
Hemophilia is a term used to describe a set of bleeding diseases in which blood clots slowly. Hemophilia is of two types: hemophilia A and hemophilia B. In addition, the cause of hemophilia is the deficiency of clotting factor VIII or IX in the blood. Bleeding is the most common symptom of hemophilia. The main treatment is to inject a clotting factor into a vein to replace the missing clotting factor in the blood (intravenous infusions). As a result, the surgeon operating on the patient must be aware of the disease. It’s also critical to share information about the ailment with blood relatives, as they may afflict it as well.
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Factors Influencing Market Growth
The growing prevalence of hemophilia, technical advances in the treatment of hemophilia, and beneficial government initiatives for hemophilia management drive the global market.
The rising R&D of treatment therapies, rising target population, growing diagnosis rate, and rising use of prophylactic treatment for hemophilia fuel the global market growth.
The increased cost of hemophilia treatment, insufficient medicines, and adverse effects associated with plasma-derived products may slow down the overall market growth.
The rising awareness of hemophilia in developing countries is forecast to offer lucrative opportunities for the global market during the forecast period.
Impact Analysis of COVID-19
The COVID-19 pandemic had a negative impact on the global market. Patients with such illnesses had a higher risk of contracting coronavirus because they were more susceptible to infectious infections. Several organizations, hospitals, and hematologists, on the other hand, were working hard to manage the COVID-19 public health pandemic.
Regional Analysis
Europe garnered the major market share in 2021 and is forecast to remain dominant during the forecast period. Due to the well-established healthcare structures, current technical advances, and rising demand for early diagnosis of hemophilia owing to increasing awareness regarding the disease.
The Asia Pacific region is forecast to have lucrative growth during the forecast period. As a result of the growing incidence of the population suffering from hemophilia. In addition, rising healthcare expenditure drives market growth in the region.
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Leading Competitors
The leading prominent companies profiled in the global hemophilia treatment market are:
Bayer AG
CSL Ltd. (CSL Behring)
F. Hoffmann-La Roche AG
Grifols, S.A
Medexus Pharmaceuticals Incorporated
Novo Nordisk A/S
Octapharma AG
Pfizer Incorporated
Swedish Orphan Biovitrum AB
Takeda Pharmaceuticals Company Limited
Other Prominent Players
Scope of the Report
The global hemophilia treatment market segmentation focuses on Type, Drug Therapy, and Region.
Segmentation based on Type
Hemophilia A
Hemophilia B
Segmentation based on Drug Therapy
Recombinant coagulation factor concentrates therapy
Plasma-derived coagulation factor concentrates therapy
Non-factor replacement therapy
Others
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Segmentation based on Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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