Press release
Rising Hemophilia Prevalence Driving Growth In The Market: A Key Factor Shaping the Future of the Jivi Market in 2025
What Are the Projections for the Size and Growth Rate of the Jivi Market?In recent years, the market size for jivi has grown at an $XX. The market, which was valued at $XX million in 2024, is anticipated to reach $XX million in 2025, corresponding to a compound annual growth rate (CAGR) of $XX%. This expansion during the historic period is due to various factors, including an increased occurrence of hemophilia, investments made in research and development, an emphasis on prophylactic treatments, investments in global healthcare, and a surge in diagnosis rates.
Expectations indicate that the market size for jivi will witness an increase of $XX in the following years, skyrocketing to a lofty sum of $XX million in 2029 with a Compound Annual Growth Rate (CAGR) of $XX%. This growth during the predicted period can be related to an increase in worldwide healthcare spending, an expanding male population, governmental support, heightened awareness leading to early diagnosis, and a growing emphasis on personalized medicine. Noteworthy trends for the forecast period encompass emerging technological progress, invention of unique therapies for hemophilia, the rising trend of gene therapy, the creation of innovative hemophilia treatments, and a shift towards therapies with extended half-life.
What Are the Main Catalysts for Growth in the Jivi Market?
The escalating incidence of hemophilia is anticipated to drive the expansion of the jivi market in the future. Hemophilia is caused by genetic mutations in the X-linked genes, which are responsible for the production of clotting factors. This leads to inadequate or faulty clotting factors VIII (hemophilia A) or IX (hemophilia B), hampering the blood's clotting efficiency. The increasing prevalence of hemophilia can be linked to enhanced diagnosis capabilities, increased awareness and increased case reporting globally. Jivi offers a solution to hemophilia patients by substituting the lacking Factor VIII with a long-acting recombinant therapy, assisting in blood clotting, and managing or preventing bleeding events. Further, its extended half-life decreases the frequency of doses, improving patient compliance and convenience. For example, the United Kingdom Hemophilia Centre Doctor's Organization, a UK medical association, reported in November 2022 that the fresh cases of Hemophilia A in the UK in 2021 were 16, and this number rose to 19 in 2022. Consequently, the growing incidence of hemophilia is stimulating the jivi market's growth.
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Which Businesses Are at the Forefront of Jivi Market Development?
Major companies operating in the jivi market include Bayer AG
How Is the Jivi Market Segmented?
The jivi market covered in this report is segmented -
1) By Formulation: Lyophilized Powder For Reconstitution, Ready-to-use Formulations
2) By Route of Administration: Intravenous, Subcutaneous
3) By Indication: Treatment Of Hemophilia A, Prophylaxis, On-demand Treatment For Bleeding Episodes
4) By Distribution Channel: Direct Sales, Wholesalers And Distributors, Retail Pharmacies
5) By End Use: Hospitals, Hemophilia Treatment Centres, Specialty Clinics, Home Healthcare Settings
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Where Is the Jivi Market Growth Most Prominent?
North America was the largest region in the jivi market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the jivi market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Jivi Global Market Report?
- Market Size Analysis: Analyze the jivi Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the jivi market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall jivi market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the jivi market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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