Hemoglobinopathies Market Emerging Growth Rate, Application, Market Share and Forecast to 2026 | Alnylam Pharmaceuticals, Gamida Cell, Biogen Idec, AcceleronPharma, Sangamo BioSciences

Market Size - USD 5.31 Billion in 2018, Market Growth - CAGR of 10.2%, Market Trends - Product launches and research for advanced Hemoglobinopathies Market

According to the current analysis of Reports and Data, the global Hemoglobinopathies market was valued at USD 5.31 Billion in 2018 and is expected to reach USD 13.68 Billion by year 2026, at a CAGR of 10.2% from 2019-2026. Hemoglobinopathies is a genetic defect that results in abnormal structure of one of the globin chains of the hemoglobin molecule. Hemoglobinopathy disorders include sickle cell anemia, hemoglobin C disease, hemoglobin S-C disease, and various forms of thalassemia.

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Companies considered and profiled in this market study:
Alnylam Pharmaceuticals, Gamida Cell, Biogen Idec, AcceleronPharma, Sangamo BioSciences, Anthera Pharmaceuticals, Global Blood Therapeutics, Geetix Pharmaceuticals, Mast Therapeutics, Prolong Pharmaceuticals, Emmaus Medical, Celgene Corporation, Invenux, Optinova Ab, and HemaQuest Pharmaceuticals

The growth of the hemoglobinopathies market is driven by the increasing prevalence of hemoglobinopathies in developed countries, high-level diseases, a variety of government support initiatives and NGO funding. Advanced diagnostic and therapeutic factors, favorable diagnostic and economical approaches such as genetic testing and developing rapid point of care diagnostic methods are other factors that drive the global hemoglobinopathy market. The hemoglobinopathies market is distributed mainly into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). According to WHO, around 300,000 to 500,000 children born each year are affected by hemoglobin disorders. North America spearheaded the market in terms of revenue in 2018 due to rising R&D investments by the key players, promising reimbursement scenario, and presence of high-quality healthcare infrastructure.

Strategies for the effective treatment of sickle cell anemia and beta-thalassemia are based on the knowledge that these disorders result from structural and functional defects in an adult gene for which an intact fetal counterpart exists. During the previous decade, a few pharmacologic areas have been explored for their capability to decrease sickle cell disease and beta-thalassemia by expanding the union of fetal hemoglobin in adults. Progress in understanding globin quality guideline is currently being associated with launches in retrovirus-interceded quality exchange, and the once-far off objective of giving quality treatment to hemoglobinopathies is quickly moving toward reality Recently, quality treatment in clinical preliminaries have been effectively applied to hemoglobinopathies, for example, sickle cell sickness (SCD) and ?-thalassemia.

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Further key findings from the report suggest

o The Global Hemoglobinopathy market is projected to register a CAGR of 10.2% during the forecast period in terms of value.

o North America leads the overall hemoglobinopathies market in terms of revenue in 2018 while Asia pacific is expected to show lucrative growth over the forecast period owing to the presence of high unmet clinical needs, and improving healthcare infrastructure.

o The global hemoglobinopathies treatment market is concentrated towards the drivers and the market being in a growth phase, the competition among companies is intense.

o The main drivers for hemoglobinopathies market are growing prevalence of hemoglobinopathies in developed nations, high disease occurrence in underdeveloped nations, various supportive government initiatives, and non-government organizational funding.

o The market for red blood cells count test segment is expected to reach USD 25.05 billion by year 2026, growing at a highest CAGR of 10.5% during the forecast period.

For the purpose of this report, Reports and Data has segmented the Hemoglobinopathies market on the basis of type, Therapy Type, Test type, and region:

Type (Revenue, USD Million; 2016-2026)
o Thalassemia
o Sickle Cell Disease
o Other Hb Variants Diseases

Therapy Type (Revenue, USD Million; 2016-2026)
o Blood transfusion
o Iron chelation therapy
o Bone marrow transplant
o Others

Test Type (Revenue, USD Million; 2016-2026)
o Red blood cell (RBC) count test
o Genetic testing
o Liquid chromatography (HPLC) test
o Hemoglobin isoelectric (Hb IEF) focusing
o Hemoglobin electrophoresis (Hb ELP) test
o Hemoglobin solubility test.

Regional Outlook (Revenue in USD Million; 2016-2026)
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East & Africa (MEA)
o Rest of MEA

Read the Comprehensive Report with a meticulous TOC and panoramic coverage of the market: https://www.reportsanddata.com/report-detail/hemoglobinopathies-market

The Hemoglobinopathies market report addresses the following questions:

o What is the regulatory framework governing the application of Hemoglobinopathies in the food industry?

o What is the estimated growth rate of Hemoglobinopathies for the forecast period from 2020 to 2026?

o Which end-use industry is expected to have the highest demand for Hemoglobinopathies by the year 2026?

o Which manufacturing processes are utilized for the production of Hemoglobinopathies?

o Which are the leading regions for Hemoglobinopathies market players that are aiming to expand their product portfolio?

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