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Hemophilia Treatment Market to grow at a CAGR of 6.1% from 2020 to 2027 | Sanofi, Kedrion S.P.A., CSL Limited, Biotest AG
According to The Insight Partners market research study titled ‘Hemophilia Treatment Market - Global Analysis and Forecasts by Product, Disease, Treatment Type, Therapy, and End User,. The market is estimated to grow with a CAGR of 15.9% from 2020-2027. The report highlights the trends prevalent in the global hemophilia treatment market and the factors driving the market along with those that act as deterrents to its growth.Some of the prominent players operating in hemophilia treatment market are, Bayer AG, Sanofi, F. Hoffmann-la Roche Ltd., Kedrion S.P.A., CSL Limited, Biotest AG, Pfizer Inc., Novo Nordisk A/S, Octapharma AG, and Baxter International Inc.
The market players are focused towards acquisitions with industry players in order to sustain their position in the market. For instance, in February 2020, Novo Nordisk launched an antihemophilic product namely Esperoct. This product is likely to reduce the effect of hemophilia in adults and children with hemophilia A.
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The hemophilia treatment market by product is segmented into plasma derived coagulation factor concentrates, recombinant coagulation factor concentrates, antifibrinolytic agents, desmopressin. In 2019, the plasma derived coagulation factor concentrates segment held a largest market share of the hemophilia treatment market. This segment is also expected to dominate the market in 2027. The large share of plasma derived coagulation factor concentrates based hemophilia treatment can be attributed to various advantages offered by these hemophilia treatment, deep market penetration and variety of products offered by multiple players to suit diverse medical application. On the other hand, the recombinant coagulation factor concentrates segment is anticipated to witness the highest growth rate during the forecast period. Certain factors such as effectiveness of the hemophilia treatment in lesser time and better efficient blood clotting are expected to drive the segment growth.
Factors such as increase in the number of surgical procedures and an increasing incidences of sports injuries are expected to upsurge the market growth. In addition, growth in the global healthcare market is likely to have a positive impact on the growth of the market in the coming years.
Product -Based Insights
In terms of product, the global hemophilia treatment market is segmented into plasma-derived coagulation factor concentrates, recombinant coagulation factor concentrates, desmopressin, and antifibrinolytic agents. In 2019, the plasma-derived coagulation factor concentrates segment held largest share of the market. However, recombinant coagulation factor concentrates segment is estimated to register the highest CAGR during the forecast period.
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Disease-Based Insights
Based on disease, the global hemophilia treatment market is segmented into hemophilia A, hemophilia B, and hemophilia C. The hemophilia A segment held the largest market share in 2019. However, hemophilia B segment is estimated to grow at the fastest rate during the forecast period.
Treatment Type-Based Insights
Based on treatment type, the global hemophilia treatment market is segmented into prophylaxis and on-demand. The prophylaxis segment held the largest market share in 2019. However, the on-demand segment is estimated to grow at the fastest rate during the forecast period.
Therapy -Based Insights
Based on therapy, the global hemophilia treatment market is segmented into replacement therapy, ITI therapy, and gene therapy. The replacement therapy segment held the largest market share in 2019. Also, the same segment is estimated to register the highest CAGR during the forecast period.
Strategic Insights
The global hemophilia treatment market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.
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