USD 11.82 billion
Report ID:
SQMIG35D2191 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
90
|Figures:
76
Hemophilia Market size was valued at USD 13.43 Billion in 2023 and is poised to grow from USD 14.32 Billion in 2024 to USD 24.93 Billion by 2032, growing at a CAGR of 6.6% during the forecast period (2025-2032).
The market for hemophilia treatment is being driven by significant factors such as the approval of gene therapy for hemophilia treatment and the presence of numerous other candidates in different stages of development.
Additionally, there is a growing awareness of hemophilia disorders and increasing government support initiatives aimed at early detection in neonates, which are expected to contribute to the growth of the market.
According to the data published by the World Federation of hemophilia (WFH) in October 2021, hemophilia is more prevalent in males than females due to sex linkage. The survey conducted by WFH in 2020 reported a total of 209,614 individuals globally suffering from hemophilia, with 165,379 patients having type A, 33,076 patients having type B, and 11,159 patients having an unknown type. The high prevalence of the disorder has contributed to the increasing adoption of therapies and is driving the growth of the market.
US Hemophilia Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 11.82 billion
Largest Segment
Hemophilia A
Fastest Growth
Growth Rate
6.6% CAGR
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The market for hemophilia is divided into various segments based on disease, therapy, product, and geography. The disease types include hemophilia A, hemophilia B, and others. Therapies used for treatment are categorized as Replacement Therapy, Gene Therapy, and others. Product types consist of Recombinant Coagulation Factor Concentrates, Plasma-derived Coagulation Factor Concentrates, and others. Geographically, the market is analyzed across regions such as North America, Europe, Asia-Pacific, Middle East and Africa, and South America.
Hemophilia Market Analysis By Disease
In the market for hemophilia, the largest segment is hemophilia A, which represents a significant portion of the patient population. It affects a substantial number of individuals globally and requires specialized treatment and management.
Furthermore, the fastest growing segment in the hemophilia market is Gene Therapy. The rapid growth of gene therapy in the hemophilia market can be attributed to several factors. Firstly, gene therapy offers the possibility of reducing or eliminating the need for frequent replacement therapy, which requires regular intravenous infusions of clotting factors. This can greatly improve the quality of life for patients and reduce the burden of treatment.
As a result, the gene therapy segment in the hemophilia market is experiencing significant growth rates, with a robust pipeline of candidates under development and increasing investments in research and development.
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North America emerges as the dominating region in the global hemophilia market . With its advanced healthcare infrastructure, high awareness about hemophilia, and substantial investments in research and development, North America commands a significant share of the market. The region is home to key players, renowned medical institutions, and a well-established patient support system, which contribute to its leadership position. Furthermore, North America benefits from a strong regulatory framework and reimbursement policies that support access to advanced hemophilia treatments. These factors collectively position North America as the dominant region in the global hemophilia market .
Meanwhile, the Asia-Pacific region is the fastest growing region in the global hemophilia market . The region's rising population, increasing healthcare expenditure, and growing awareness about hemophilia are driving market expansion at an accelerated pace. Countries like India and China, with their large patient populations and improving healthcare infrastructure, present immense growth opportunities. The presence of emerging economies, coupled with government initiatives to enhance healthcare access and affordability, further propel the market growth in the Asia-Pacific region. With a focus on improving hemophilia management, increasing patient awareness, and fostering innovation, the Asia-Pacific region is poised to witness remarkable growth in the coming years.
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Hemophilia Market Drivers
Technological Advancements
Hemophilia Market Restraints
High Treatment Costs
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The market for hemophilia is characterized by moderate competitiveness and is dominated by a few major players. These key players have engaged in various strategic alliances such as acquisitions, collaborations, and the introduction of advanced products and research studies to establish their position in the global market.
Hemophilia Market Top Player’s Company Profiles
Hemophilia Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment modes team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The hemophilia market is experiencing significant growth and transformation driven by various factors. The increasing prevalence of hemophilia, coupled with advancements in treatment options and gene therapies, is fueling market expansion. The adoption of gene therapy holds immense potential in providing long-term solutions by addressing the underlying genetic cause of the disorder. Personalized medicine and precision therapies are gaining momentum, allowing for tailored treatment plans based on individual genetic profiles and disease severity. Additionally, the integration of telemedicine and digital health solutions is revolutionizing patient care and management by enabling remote consultations, monitoring, and access to educational resources. These market trends indicate a shift towards innovative and targeted approaches, which are poised to improve the quality of life for individuals living with hemophilia.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 12.6 billion |
Market size value in 2031 | USD 23.39 billion |
Growth Rate | 6.6% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Hemophilia Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hemophilia Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hemophilia Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Hemophilia Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35D2191
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