The hemophilia treatment market was valued at US$ 12,797.36 million in 2019 and it is projected to reach US$ 20,507.92 million in 2027; it is expected to grow at a CAGR of 6.1% from 2020 to 2027.
Hemophilia is a hereditary genetic blood disorder that affects the capacity of the blood to clot due to the lack of a particular protein needed for blood clotting. The hemophilia is graded as Hemophilia A, Hemophilia B, and C. Many recombinant drugs, such as an antihemophilic factor or Factor VII, are injectable. Injectables are used before surgery to control and prevent bleeding episodes since the onset of action is rapid in comparison with other forms. The growth of the global hemophilia treatment market is attributed to the increasing prevalence of hemophilia and rise in favourable government initiatives. However, high cost related with hemophilia treatment is the major factor hindering the market growth.
The global hemophilia treatment market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems. As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement. Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
Lucrative Regions for Global Hemophilia Treatment Market
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Market Insights
Increasing Prevalence of Hemophilia to Drive Global Hemophilia Treatment Market Growth
Hemophilia is a hereditary bleeding disorder that stops the blood from clotting normally. The primary symptom is uncontrolled, often spontaneous bleeding in different areas of the body. According to data from the National Hemophilia Foundation in 2020, Hemophilia A happens in 1 in 5,000 live male births. Hemophilia A is about four times as common as hemophilia B. The number of people with hemophilia in the US is anticipated to be about 20,000 individuals since 1994. Moreover, the incidence of hemophilia is not known across the world; however, it is likely to be above 400,000 people. Almost 75% of people with hemophilia worldwide are either undiagnosed or receive disparate treatment.
In Italy, according to the data of the National Center for Biotechnology Information (NCBI) in 2017, the number of registered people with bleeding disorders increased from about 7,000 in 2000 to ~8,500 in 2011, and more than 11,000 in 2015. The trend is due to an upsurge in the number of patients who are recorded, mainly in those with vWD type 1, mild hemophilia, or other factor deficiencies.
The prevalence of the disease in the Asian countries is also increasing at an alarming rate. For instance, as per the report of Haemophilia Foundation Australia, 2020, more than 2,800 people were diagnosed with varying degrees of severity in hemophilia in the country.
Thus, increasing prevalence of hemophilia, high cases of under-diagnosed hemophilia cases, and improving healthcare infrastructure will eventually drive the growth of the market for hemophilia treatment in the forecast period.
Product -Based Insights
In terms of product, the global hemophilia treatment market is segmented into plasma-derived coagulation factor concentrates, recombinant coagulation factor concentrates, desmopressin, and antifibrinolytic agents. In 2019, the plasma-derived coagulation factor concentrates segment held largest share of the market. However, recombinant coagulation factor concentrates segment is estimated to register the highest CAGR during the forecast period.
Global Hemophilia Treatment Market, by Product – 2019 and 2027
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Disease-Based Insights
Based on disease, the global hemophilia treatment market is segmented into hemophilia A, hemophilia B, and hemophilia C. The hemophilia A segment held the largest market share in 2019. However, hemophilia B segment is estimated to grow at the fastest rate during the forecast period.
Treatment Type-Based Insights
Based on treatment type, the global hemophilia treatment market is segmented into prophylaxis and on-demand. The prophylaxis segment held the largest market share in 2019. However, the on-demand segment is estimated to grow at the fastest rate during the forecast period.
Therapy -Based Insights
Based on therapy, the global hemophilia treatment market is segmented into replacement therapy, ITI therapy, and gene therapy. The replacement therapy segment held the largest market share in 2019. Also, the same segment is estimated to register the highest CAGR during the forecast period.
End User-Based Insights
In terms of end user, the global hemophilia treatment market is segmented into hospitals & clinics, hemophilia treatment centers, and ambulatory surgical centers. The hospitals and clinics segment held the largest share of the market in 2019, and the same segment is estimated to grow at the fastest rate during the forecast period.
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Hemophilia Treatment Market: Strategic Insights
Market Size Value in US$ 12,797.36 Million in 2019 Market Size Value by US$ 20,507.92 Million by 2027 Growth rate CAGR of 6.1% from 2020-2027 Forecast Period 2020-2027 Base Year 2020
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We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Hemophilia Treatment Market: Strategic Insights
| Market Size Value in | US$ 12,797.36 Million in 2019 |
| Market Size Value by | US$ 20,507.92 Million by 2027 |
| Growth rate | CAGR of 6.1% from 2020-2027 |
| Forecast Period | 2020-2027 |
| Base Year | 2020 |
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Akshay will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
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The global hemophilia treatment market players are adopting the product launch and expansion strategies to cater to changing customer demands worldwide, which also allows them to maintain their brand name globally.
Global Hemophilia Treatment Market – by Product
- Plasma Derived Coagulation Factor Concentrates
- Factor VIII
- Factor IX
- Factor XII
- Activated Prothrombin Complex Concentrate
- Von Willebrand Factor
- Recombinant Coagulation Factor Concentrates
- Factor VIII
- Factor IX
- Antifibrinolytic Agents
- Desmopressin
Global Hemophilia Treatment Market – by Disease
- Hemophilia A
- Hemophilia B
- Hemophilia C
Global Hemophilia Treatment Market – by Treatment Type
- Prophylaxis
- On-demand
Global Hemophilia Treatment Market – by Therapy
- Replacement Therapy
- ITI Therapy
- Gene Therapy
Global Hemophilia Treatment Market – by End- User
- Hospitals & Clinics
- Hemophilia Treatment Centers
- Ambulatory Surgical Centres
Global Hemophilia Treatment Market – by Geography
North America
- US
- Canada
- Mexico
Europe
- France
- Germany
- Italy
- UK
- Spain
- Rest of Europe
Asia Pacific (APAC)
- China
- India
- South Korea
- Japan
- Australia
- Rest of APAC
Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
South America and Central America (SCAM)
- Brazil
- Argentina
- Rest of SCAM
Company Profiles
- Bayer AG
- Sanofi
- F. Hoffmann-la Roche Ltd.
- Kedrion S.P.A.
- CSL Limited
- Biotest AG
- Pfizer Inc.
- Novo Nordisk A/S
- Octapharma AG
- Baxter International Inc.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product ; Disease ; Treatment Type ; Therapy ; End User , and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Hemophilia is a condition where blood does not clot, and this condition is normally inherited. The condition is caused due to defects in a gene of the X chromosome, which is a clotting factor. Generally, the diseases are widely seen in males as the X chromosome is inherited from mother to baby boy. The treatment of disease includes replacement therapy and gene therapy. The condition can be prevented by taking preventive treatment by injection of clotting factor VIII for hemophilia A, or IX for hemophilia B.
Rise in increasing prevalence of hemophilia, rise in favourable government initiatives to drive the growth of the global hemophilia treatment market during the forecast period. Moreover, growth of healthcare infrastructure among the untapped nations and increased initiatives taken up by governments are expected to fuel the growth of this market during the forecast period.
There are various type of therapy used in the treatment of hemophila disorder, such as replacement therapy, ITI therapy and gene therapy.
The List of Companies - Hemophilia Treatment Market
- Bayer AG
- Sanofi
- F. Hoffmann-la Roche Ltd.
- Kedrion S.P.A.
- CSL Limited
- Biotest AG
- Pfizer Inc.
- Novo Nordisk A/S
- Octapharma AG
- Baxter International Inc.
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- Data Analysis:
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