Huge Growth Expected in Immune Thrombocytopenic Purpura (ITP) Treatment Drugs in Future

The Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Market

The Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Market, By Country (Saudi Arabia, Turkey, Egypt, Israel, UAE, and Rest of Middle East), By Drug Type (Thrombopoietin Receptor Agonist, Steroid, Immunoglobulin, and Others), and By Distribution Channel (Online Pharmacies, Hospital Pharmacies, and Retail Pharmacies) had a market valuation of US$ 82.23 million in 2019 and is forecast to grow at a CAGR of 4.0% during the forecast period (2019 - 2027), as mentioned in a new report published by Coherent Market Insights.

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Drivers

The Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Market is projected to expand due to an increase in clinical trials, increasing government funding, and increased healthcare investment for the construction of improved medical facilities in the Middle East. The Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Market is expected to expand as various organizations concentrate on finding novel strategies for the treatment of immune thrombocytopenic purpura. Novartis Pharmaceuticals began a clinical trial in November 2018 to see whether Eltrombopag could cause long-term drug-free remission in ITP patients who had relapsed or failed to respond to initial steroid treatment. It's a large-scale interventional clinical trial involving over 100 people. The clinical trial is currently in phase 2 and will be completed in May 2022.

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Moreover, the Middle East and Turkey immune thrombocytopenic purpura (ITP) treatment drugs market is projected to expand due to the introduction of new healthcare plans and services. UAE Vision 2021 was introduced by the UAE Prime Minister in 2010. As part of the UAE's Vision 2021 program, the country aims to provide "world-class healthcare" by calling for more protective steps to combat lifestyle-related diseases and rare diseases, introducing an accelerated drug registry scheme, and making health a central field within the country's overall strategy. Over the forecast period, rising healthcare spending in the UAE is expected to fuel business growth. The UAE's healthcare spending was US$ 13.7 billion in 2018, according to the Export Gov., 2019 estimate, which is forecast to hit US$ 18.3 billion by 2023. In addition, the UAE government unveiled a new health care system in Dubai in 2015. This program provides healthcare to 130,000 residents in and around Dubai at 23 private hospitals and more than 500 medical clinics.

Browse 20 Market Data Tables and 21 Figures spread through 114 Pages and in-depth TOC on "Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Market, By Country (Saudi Arabia, Turkey, Egypt, Israel, UAE, and Rest of Middle East), By Drug Type (Thrombopoietin Receptor Agonist, Steroid, Immunoglobulin, and Others), and By Distribution Channel (Online Pharmacies, Hospital Pharmacies, and Retail Pharmacies) - Global Forecast to 2027."

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Furthermore, several pharmaceutical firms are concentrating their efforts on the Middle East, which is a still untapped market. Felix Pharmaceuticals Industries announced in March 2018 that it will build a pharmaceutical plant and logistics center in Oman's Salalah Free Zone. The plant was built with a 365 million dollar investment from the corporation.

Key Takeaways

Due to increased government funding, clinical trials, and healthcare spending, the Middle East and Turkey immune thrombocytopenic purpura (ITP) Treatment Drugs Market is projected to develop at a CAGR of 4.0 percent during the forecast period (2019–2027).

In 2027, the steroid category is projected to have the highest market share among drug types. Several companies are focusing their research and development efforts on developing resistant thrombocytopenic purpura products. The effectiveness and safety of high-dose dexamethasone and prednisone for the treatment of patients newly diagnosed with ITP is still being studied. In most of the Middle Eastern countries, the corticosteroid drug has not been approved for the treatment of ITP.

Key companies contributing in the Middle East and Turkey immune Thrombocytopenic Purpura (ITP) Treatment Drugs market are Novartis AG, Octapharma AG, Amgen Inc., Rigel Pharmaceuticals, Inc., and Swedish Orphan Biovitrum AB.

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Table of Content

The Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Market Research Report
Section 1: Global Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Industry Overview
Section 2: Global Economic Impact on the Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: the Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Middle East and Turkey Immune Thrombocytopenic Purpura (ITP) Treatment Drugs Market Forecast

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