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What's Happening With Hemoglobinopathy Market? Key Players are Bio-Rad Laboratories, Danaher Corporation, Mindray Medical International, Nexcelom Bioscience, Abbott Diagnostics, Nihon Kohden Corporation, PerkinElmer, Siemens Healthineers

What's Happening With Hemoglobinopathy Market? Key Players

The global hemoglobinopathy market is segmented based on indication type, test type, end users, and region. Based on indication, the market is segmented into sickle cell disease, alpha thalassemia, and beta thalassemia. Beta thalassemia segment is expected to register a significant CAGR of 8.7% during the forecast period. Sickle cell disease segment is anticipated to grow with a CAGR of 8.3% over the forecast period.

The market has been segmented based on major types of diagnostic tests such as red blood cell (RBC) count test, genetic testing, hemoglobin by high performance liquid chromatography (HPLC) test, hemoglobin isoelectric (Hb IEF) focusing, hemoglobin electrophoresis (Hb ELP) test, and hemoglobin solubility test. The genetic testing segment is expected to expand at the highest CAGR of 9.2% over the forecast period due to increasing adoption of preventive measures such as genetic counseling and testing. Increasing popularity of prenatal and premarital genetic screening make these tests an attractive opportunity for market players.

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Based on end users, the market has been segmented into hospitals, diagnostic laboratories, and clinics. The diagnostic laboratories segment is anticipated to account for the highest market share over the forecast period, registering a CAGR of 8.9% due to availability of dedicated equipment, reagents, and trained technicians required to perform rather complex diagnostic procedures like genetic testing, Hb HPLC, and isoelectric focusing.

The global hemoglobinopathy market has been segmented into five major regions: North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). North America and Europe are expected to dominate the global hemoglobinopathy market with maximum market share in 2016. North America and Europe collectively have been expected to account for more than 50% of the total global hemoglobinopathy market share in terms of value in 2016. Among emerging markets, Asia Pacific is estimated to exhibit the highest CAGR of 9.3% over the forecast period, due to an increase in the diagnosis rate.

Hemoglobinopathy market is projected to register a healthy CAGR of 8.3% over the forecast period 2016 – 2024 owing to various factors, on which Persistence Market Research offers detailed insights.

Most health insurance companies, including government programs in the U.S. and Europe provide insurance coverage for hemoglobinopathy therapy under the CPT code. This creates a favorable environment for the growth of the global hemoglobinopathy market. Various government initiatives are being carried out for detection and management of hemoglobinopathy in high disease prevalence regions across the globe, giving a fillip to the global hemoglobinopathy market. Advancements in diagnosis techniques have led to the development of new tests that have enabled clinicians to provide effective diagnosis and therapeutic assistance to patients. Rising awareness about these disorders coupled with various public and private initiatives is also fueling the growth of the global hemoglobinopathy market in the regions with a high prevalence of sickle cell anemia and thalassemia.

Lack of awareness regarding hemoglobinopathy disorders among the populace especially in underdeveloped countries is a major factor hampering growth of the global hemoglobinopathy market. The lack of a permanent cure for hemoglobinopathy disorder is also one of the restraints affecting the global hemoglobinopathy market.

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Some key players in the global hemoglobinopathy market identified in the report include Abbott Diagnostics, Bio-Rad Laboratories Inc., Danaher Corporation, Mindray Medical International Ltd., Nexcelom Bioscience LLC., Nihon Kohden Corporation, PerkinElmer Inc., Siemens Healthineers, and Sysmex Corporation.

The individual strategies of these companies in terms of increasing focus on rare diseases, initiatives to increase disease awareness, and enhancing distribution base have been discussed. The report concludes with strategic recommendations for players already present in the market and new players planning to enter the global hemoglobinopathy market, which could help them in the long run.

Table of Contents

1. Executive Summary
2. Market Taxonomy
3. Global Hemoglobinopathy Market Analysis Scenario
3.1. Pricing Analysis
3.1.1. Pricing Assumptions

3.1.2. Price Analysis per Region
3.2. Market Size (US$ Mn) and Forecast
3.2.1. Market Size and Y-o-Y Growth
3.2.2. Absolute $ Opportunity
3.3. Market Overview
3.3.1. Global Hemoglobinopathy Market Reimbursement Scenario

4. Market Dynamics
4.1. Macro-economic Factors
4.2. Drivers
4.2.1. Supply Side

4.2.2. Demand Side
4.3. Restraints
4.4. Opportunity
4.5. Key Trends
4.6. Forecast Factors – Relevance and Impact

5. Global Hemoglobinopathy Market Analysis and Forecasts, by Indication
5.1. Introduction
5.2. Basis Point Share (BPS) Analysis by Indication
5.3. Y-o-Y Growth Projections by Indication
5.4. Market Value Forecast, 2016–2024
5.4.1. Sickle Cell Disease
5.4.2. Beta Thalassemia
5.4.3. Alpha Thalassemia
5.5. Market Attractiveness by Indication

6. Global Hemoglobinopathy Market Analysis and Forecasts, by End User
6.1. Introduction
6.2. Basis Point Share (BPS) Analysis by End User
6.3. Y-o-Y Growth Projections by End User

6.4. Market Value Forecast by End User, 2016–2024
6.4.1. Hospitals
6.4.2. Diagnostics Laboratories
6.4.3. Clinics
6.5. Market Attractiveness by End User

7. Global Hemoglobinopathy Market Analysis and Forecasts, by Test Type
7.1. Introduction
7.2. Basis Point Share (BPS) Analysis by Test Type
7.3. Y-o-Y Growth Projections by Test Type
7.4. Market Value Forecast by Test Type, 2016–2024

7.4.1. Routine Red Blood Cell (RBC) Count
7.4.2. Genetic Testing
7.4.3. Hemoglobin by High Performance Liquid Chromatography
7.4.4. Hemoglobin Isoelectric Focusing (Hb IEF)
7.4.5. Hemoglobin electrophoresis (Hb ELP)
7.4.6. Hemoglobin Solubility Test
7.5. Market Attractiveness by Test Type

8. Global Hemoglobinopathy Market Analysis and Forecasts, by Region
8.1. Basis Point Share (BPS) Analysis by Country
8.2. Y-o-Y Growth Projections by Country
8.3. Market Value Forecast by Region
8.3.1. North America

8.3.2. Latin America
8.3.3. Europe
8.3.4. APAC
8.3.5. MEA
8.4. Market Attractiveness by Country

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ABOUT US:

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance. To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

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