Press release
Thrombotic Thrombocytopenic Purpura (TTP) Market is expected to witness lucrative growth by reaching up to USD 1.4 billion by 2030
Report OverviewThe Global Thrombotic Thrombocytopenic Purpura (TTP) Market reached USD 1.0 billion in 2022 and is expected to witness lucrative growth by reaching up to USD 1.4 billion by 2030. The global thrombotic thrombocytopenic purpura (TTP) market is expected to exhibit a CAGR of 4.7% during the forecast period (2023-2030).
Thrombotic Thrombocytopenic Purpura (TTP) typically manifests suddenly and can persist for days, weeks, or even months. This condition has the potential to cause red blood cells to break apart more rapidly than the body can replace them, leading to a rare form of anemia known as hemolytic anemia. TTP poses a serious threat and can be fatal. Without proper treatment, it may result in long-term complications such as brain damage or stroke.
Several factors are expected to contribute to the growth of the global thrombotic thrombocytopenic purpura market. These include an increase in the number of reported cases, ongoing market developments, a rise in clinical research activities, and escalating investments in research. These factors collectively contribute to the advancements in understanding and addressing TTP, indicating potential growth in the market in the forecast period.
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Market Dynamics
The rise in awareness about thrombotic thrombocytopenic purpura (TTP) is anticipated to create growth opportunities for the global market. Notably, initiatives like the International TTP Day, organized by the Answering T.T.P. Foundation for several years, play a crucial role in increasing awareness about this rare condition. The foundation's efforts include not only fundraising for research but also focusing on sharing stories of individuals affected by TTP or their family members. These awareness campaigns are complemented by educational activities and the distribution of informational materials.
Established in 2009 by Sydney Kodatsky, who personally experienced TTP, the Answering T.T.P. Foundation serves as an example of how advocacy and awareness initiatives contribute to the dissemination of information about this rare condition. As awareness continues to grow, it is likely to present the global thrombotic thrombocytopenic purpura market with opportunities for expansion and further advancements in addressing this medical condition.
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Market Segmentation
By Type
Inherited TTP
Acquired TTP
By Treatment
Rituximab
Plasma Exchange
Corticosteroids
Caplacizumab
Others
By End User
Hospitals
Specialty Clinics
Others
Market Key Players
Major players are Pfizer Inc, F. Hoffmann-La Roche Ltd, Aspen Holdings, Fresenius Kabi AG, Novartis AG, Teva Pharmaceutical Industries Ltd., Hikma Pharmaceuticals PLC, Takeda Pharmaceutical Company Limited., CSL Limited and Mylan N.V.
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