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Sickle Cell Disease Treatment Market Global Rising Demand & Huge Scope Till 2030

10-17-2024 02:18 PM CET | Health & Medicine

Press release from: Premium Market Insights

Sickle Cell Disease Treatment Market Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Treatment (Generic Drugs and Originators), Route of Administration (Oral and Parenteral), and Distribution Channel (Direct Tender, Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, and Others) The sickle cell disease treatment market is expected to grow from US$ 1,160.16 million in 2022 to US$ 4,691.87 million by 2030; it is estimated to grow at a CAGR of 19.1% from 2022 to 2030.

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Competitive Landscape: Sickle Cell Disease Treatment Market:
The market for sickle cell disease treatment is growing due to the increasing prevalence of sickle cell disease and the government and private sector's initiatives to raise awareness about sickle cell disease. Also, the increasing number of launches of advanced diagnostic tools and rising research activities to provide effective therapeutics are further driving the growth of the market. However, factors such as lack of sickle cell disease treatment options are restraining the market growth. The treatment plan for sickle cell disease (SCD) can be divided into two categories: maintaining health and treating complications. Sickle cell anemia has genotypic and phenotypic variants that are based on unique mutations in hemoglobin genes. There is a high prevalence of the disease as well as a rise in its severity across the globe. According to the WHO, approximately 5% of the world's population has genes inhibiting hemoglobin diseases such as sickle cell anemia and thalassemia. According to a study on sickle cell disease published in the National Library of Medicine, more than 300,000 babies are born with severe hemoglobin disorders each year; also, 400,000 newborns are expected to have sickle cell disease by 2050. In addition, according to a published report in 2023 by the American Society of Hematology, the estimated number of people suffering from SCD in the US is approximately 70,000-100,000. Thus, the rising prevalence of malaria and sickle cell disease in different regions across the globe boosts the malaria and sickle cell disease treatment market growth.

Novartis AG
Pfizer Inc
Emmaus Life Sciences Inc
Teva Pharmaceutical Industries Ltd.
Bristol-Myers Squibb Company
Siklos
Mylan NV
Taj Pharmaceuticals Limited
Apotex
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Chapter Details of Sickle Cell Disease Treatment Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Sickle Cell Disease Treatment Market Landscape
Part 04: Sickle Cell Disease Treatment Market Sizing
Part 05: Sickle Cell Disease Treatment Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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