Sickle Cell Anemia Market Recent Industry Trends and Projected Industry Growth, 2027

Sickle cell anemia is an inherited red blood cells disorder. In case of sickle cell anemia the cells die early, leaving a shortage of healthy red blood cells to transport oxygen in adequate amount to the organs. Normally, red blood cells are round and flexible, move easily though the blood vessels. In sickle cell anemia red blood cell become sticky and rigid and are shaped like sickles. These irregularly shaped red blood can get stuck in blood vessels and block the flow of blood and oxygen to the other parts of the body. Sickle cell anemia is caused by mutation in gene. Treatment of sickle cell anemia cell help in relieving pain and problems associated with it but for most people there is no cure for sickle cell anemia.

Sickle Cell Anemia Treatment Market: Drivers and Restraints

Sickle cell anemia treatment market is driven by the increasing prevalence of sickle cell anemia in the developed, developing as well as under developed economies. In addition, availability of high unmet needs, increasing product pipeline for treating sickle cell anemia expected to create high demand for these treatment options. Sickle cell anemia treatment market is driven by increasing governments and regulatory bodies support by means of research and development investment, fast track approval for discovering newer treatments for this disorder. Sickle cell anemia treatment market is restrained by slow adoption of treatments due to cost associated with it, absence of permanent cure for this disease and complications associated with treatment.

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Sickle Cell Anemia Treatment Market: Segmentation

Sickle cell anemia treatment market has been segmented on the basis of therapy type, distribution channels and regions.

Based on the therapy type, the global sickle cell anemia treatment market is segmented into the following:

Blood Transfusion

Bone Marrow Transplant

Gene Therapy

Medications

Antibiotics

Antimetabolites

Analgesics

Vaccines

Folic Acid

Based on the end user, the global sickle cell anemia treatment market is segmented into the following:

Hospitals

Clinics

Home Healthcare

Sickle Cell Anemia Treatment Market: Overview

Sickle cell anemia treatment market is witnessing significant changes due to increasing product pipelines and rising awareness among clinicians and people about the disorders.The introduction of advanced diagnostics and therapeutics will likely boost the growth of the sickle cell treatment market in the coming years. Bone marrow transplant is expected to grow as it is the only cure available for sickle cell anemia. Along with bone marrow transplant market of immunosuppressant is also expected to grow as there are used prevent rejection of bone marrow by body. Gene therapy is potential cure for sickle cell anemia. Blood transfusion and medication are expected to generated higher revenue as sickle cell anemia require lifelong treatment except for bone marrow transplant.

Sickle Cell Anemia Treatment Market: Region-wise Outlook

Geographically, global sickle cell anemia treatment market is segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America will remain key sickle cell anemia treatment market due to rising research and development activities, availability of better healthcare infrastructure and better reimbursement policies in the region which helps in maintaining larger market share. Sickle cell anemia treatment market is expected to grow fastest in Asia Pacific and African region due to high prevalence of the disease.

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Sickle Cell Anemia Treatment Market: Key Market Participants

Some of the key market participants in the global sickle cell anemia treatment market identified are Baxter, Bluebird Bio,Bristol-Myers Squibb Company,Eli Lilly, Global Blood Therapeutics, Gilead Sciences, Inc., Johnson & Johnson, Merck & Co., Inc., Mast Therapeutics, Novartis AG, Pfizer, Inc., and Sanofi. Most of the companies are aiming at collaborative agreement for research and development activities.

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This release was published on openPR.