Bleeding Disorders Treatment Market 2024 - By Key Players, Regional Overview, Opportunities, Challenges And Outlook By 2033

The Business Research Company recently released a comprehensive report on the Global Bleeding Disorders Treatment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The bleeding disorders treatment market size has grown strongly in recent years. It will grow from $15.37 billion in 2023 to $16.84 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to increased patient awareness, access to healthcare, advancements in hemophilia therapies, global market expansion.

The bleeding disorders treatment market size is expected to see strong growth in the next few years. It will grow to $23.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to aging population, personalized medicine, patient advocacy and support, rise in disposable income, rise in healthcare expenditure. Major trends in the forecast period include personalized treatment plans, expansion of telehealth services, advanced clotting factor therapies, rna-based treatments, access to orphan drug designation.

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Market Drivers and Trends:

The increase in the number of diagnosed hemophilia patients is expected to propel the growth of the bleeding disorders treatment market going forward. Hemophilia is an inherited bleeding disorder where the blood does not clot properly. The treatment of Hemophilia entails replacement therapy, in which the missing or insufficient blood clotting factors are replaced with human plasma concentrates or recombinant (created from DNA) forms of clotting factors VIII or IX. For instance, in2021, according to the World Federation of Hemophilia, a Canada-based international, non-profit organization, there were almost 234,000 people confirmed to have hemophilia worldwide. . Therefore, the increasing number of diagnosed hemophilia patients is driving the growth of the bleeding disorders treatment market.

Technological advancements are the key trend gaining popularity in the bleeding disorder treatment market. Major companies operating in the bleeding disorder treatment sector is focused on developing innovative technologies to sustain their position in the market. For instance, in 2021, the University of Oslo, a Norway-based public research university, developed a new technology called super albumin that can lead to the development of long-acting medications and have significant implications for people with hemophilia. The University's research team has created a novel biomedical technology that can be used to make coagulation factors that have a much longer half-life than those that are currently available. An in-depth analysis of a biological mechanism serves as the starting point. Using this knowledge, they were able to create super albumin, a protein variant that can be combined with protein-based medications to prolong their bloodstream half-life.

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Major Key Players of the Market:

AbbVie Inc., Bayer AG, Novo Nordisk A/S, Pfizer Inc., Biogen Inc., CSL Behring Company, Grifols SA, Octapharma AG, BDI Pharma Inc., Ferring Pharmaceuticals Ltd., Xenetic Biosciences Inc., Sanofi SA, Alnylam Pharmaceuticals Inc., Novartis AG, Shire plc, Novo Nordisk, Grifols SA, F. Hoffmann-La Roche AG, Sanofi Corporation, Takeda Pharmaceutical Company Limited, Kedrion S.p.A, Biotest AG, LFB S.A, Emergent BioSolutions Inc., Bio Products Laboratory Ltd., HEMA Biologics LLC, ADMA Biologics Inc., Grifols Biologicals Inc., Octapharma Plasma Inc., Kedrion Biopharma Inc., BPL Plasma Inc., BioLife Plasma Services, CSL Plasma Ltd., Grifols Shared Services North America Inc., Octapharma USA Inc., Shire US Inc., Pfizer Canada Inc., Grifols Canada Ltd., Octapharma Canada Inc.

Bleeding Disorders Treatment Market 2024 Key Insights:

• The bleeding disorders treatment market size is expected to see strong growth in the next few years. It will grow to $23.71 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%.
• Increasing Number Of Hemophilia Patients Boosts The Market
• Technological Advancements Are Driving Growth In The Bleeding Disorder Treatment Market
• North America was the largest region in the bleeding disorders treatment market in 2023

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