Hematology Drugs Market is Projected to Reach $124.6 Billion by 2023 | COVID-19 Impact And Recovery | Top Players Novo Nordisk A/S; Shire Plc; Bayer AG; Daiichi Sankyo Company; Biogen Inc

The Business Research Company offers " Hematology Drugs Global Market Report 2020-30: COVID-19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global hematology drugs market is expected to decline from $82.6 billion in 2019 to $76.5 billion in 2020 at a compound annual growth rate (CAGR) of -7.5%. The decline is mainly due to restrictions due to the coronavirus disease 2019 (COVID-19) pandemic and the measures to contain it. Some medical centers have canceled treatments, somehow put on hold, some have altered the policies and procedures to provide services. Also, many companies in the hematology drug market halted their business operations. All these factors have impacted the market growth. The market is then expected to recover and grow at a CAGR of 11% from 2021 and reach $124.6 billion in 2023. Optimistically, if the ongoing research on hematology drugs show any promising results for treating COVID-19 infection, the market is expected to grow significantly.

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The hematology drugs market consists of sales of hematology drugs and related services by entities (organizations, sole traders and partnerships) that produce hematology drugs to treat diseases such as genetic disorders, anemia, other related diseases. This industry includes establishments that produce blood products such as red blood cells, white blood cells, platelets, and fresh frozen plasma. It also consists of establishments which produce of anemia and other blood disorder drugs to treat anemia, hemophilia and blood clots.

The increase in the number of drug approvals for hemophilia by the regulatory bodies such as FDA in the US is an emerging trend in the market. For instance, in June 2017, Novo Nordisk received FDA approval for its Rebinyn (Coagulation Factor IX (Recombinant), GlycoPEGylated) drug that is used in the treatment of hemophilia B. Over the last 17 years, there were no new drug approvals for the treatment of hemophilia. However, there has been an uptake in the approval of new drugs for the treatment of hemophilia. From 2014 to 2017, seven new drugs have been approved by the FDA for treating hemophilia A and B. Increasing number of new FDA approved drugs aids in management of hemophilics and improves their Quality of Life (QoL).

Hematology Drugs Market Segmentation: -
By Type
Blood Products
Anemia And Other Blood Disorder Drugs

By Distribution Channel
Hospital Pharmacies
Retail Pharmacies/ Drug Stores
Others

By Route Of Administration
Oral
Parenteral
Others

By Drug Classification
Branded Drugs
Generic Drugs

By Mode Of Purchase
Prescription-Based Drugs
Over-The-Counter Drugs

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Hematology Drugs Market Characteristics
4. Hematology Drugs Market Product Analysis
5. Hematology Drugs Market Supply Chain
......
20. Key Mergers And Acquisitions In The Hematology Drugs Market
21. Market Background: Pharmaceutical Drugs Market
22. Recommendations
23. Appendix
24. Copyright And Disclaimer

The report covers the trends and market dynamics of the Hematology Drugs Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Hematology Drugs Market are Novo Nordisk A/S; Shire Plc; Bayer AG; Daiichi Sankyo Company; Biogen Inc

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