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Thalassemia Drugs Global Market Size, Share, Growth, Trends And Forecast To 2032
Thalassemia Drugs Market Report
The Business Research Company's Thalassemia Drugs Global Market Report 2023 identifies Rising R&D expenditure as the major driver for the thalassemia drugs market's growth in the forecast period. R&D investment can be defined as the expenses undertaken by a company for developing, designing, and enhancing its offerings. Increased expenditure can boost innovation and productivity in designing and formulating innovative drugs for the treatment of thalassemia.
The global thalassemia drugs market is expected to grow from $1.85 billion in 2022 to $2.07 billion in 2023 at a compound annual growth rate (CAGR) of 11.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The thalassemia drugs market is expected to reach $3.08 billion in 2027 at a CAGR of 10.5%.
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Major competitors in the thalassemia drugs market are Pfizer Inc., Merck & Co. Inc., Novartis AG, Sanofi S.A., Fresenius Kabi AG.
A key trend in the thalassemia drugs market includes product innovation. Major companies operating in the thalassemia drug market are developing innovative products to sustain their position in the market. For instance, in August 2022, Bluebird Bio Inc., a US-based biotechnology company, approved Zynteglo (betibeglogene autotemcel) to treat beta-thalassemia. Zynteglo is the first cell-based, one-time gene therapy administered as a single dose. It is prepared by using the patient's genetically modified cells to produce functional beta-globin.
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The thalassemia drugs market is segmented -
•By Type: Alpha Thalassemia Drugs, Beta Thalassemia Drugs
•By Treatment Type: Iron Chelation Therapy, Other Treatments
•By Distribution Channel: Hospital Pharmacies, Online Providers, Drug Stores And Retail Pharmacies
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the thalassemia drugs market.
The Business Research Company's "Global Thalassemia Drugs Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Thalassemia Drugs Market Include:
1. Executive Summary
2. Thalassemia Drugs Market Characteristics
3. Thalassemia Drugs Market Trends And Strategies
4. Thalassemia Drugs Market - Macro Economic Scenario
5. Global Thalassemia Drugs Historic Market Size and Growth
……
32. Global Thalassemia Drugs Market Competitive Benchmarking
33. Global Thalassemia Drugs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Thalassemia Drugs Market
35. Thalassemia Drugs Market Future Outlook and Potential Analysis
36. Appendix
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