Market Research Future speculates that global bleeding disorders treatment is predicted to demonstrate 10.0% CAGR during the forecast period (2018–2023). Increased number of diagnosed patients with bleeding disorders is likely to favor the market growth. A bleeding disorder is referred to as a condition where the body faces a problem with clotting method. Most of the bleeding disorders are found to be hereditary, but some among them are acquired and are caused due to side effects of certain medications, liver diseases, vitamin K deficiency, low red blood cell count, and others. Bleeding disorders cause abnormal bleeding both from inside and outside the body.
The bleeding disorder treatment market growth is largely bolstered by the expanding patient pool, mounting awareness about the available treatment options, and the supportive compensation policies.
Expiry of patents belonging to major brands can also present opportunities to generic drug manufacturers to make their foray into the bleeding disorder therapeutics market. the demand for bleeding disorder treatment options is quite robust in western economies in Europe and North America, in view of the exorbitant rates of the branded drugs. The demand for low-priced drugs is growing in developing and underdeveloped countries, given the reduced purchasing capacity of the patients in terms of medical treatment.
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The American Society of Hematology reveals that in the year 2016, close to 20,000 Americans had hemophilia, with the prevalence higher in males. Hemophilia is a type of bleeding disorder that is rare and has been escalating at an alarming rate worldwide. Meanwhile, the burden of von Willebrand disease has been growing rapidly as well, emerging as one of the most common bleeding disorders in the United States resulting from clotting proteins. The disease affects both females and males and is prevalent in roughly 1% of the United States’ population. The Centers for Disease Control and Prevention also provides statistics that state that close to 400 newborns in the US every year, suffer from hemophilia.
Competitive Analysis
The prominent players operating the global bleeding disorders treatment market are BDI Pharma, Bayer Pharmaceuticals, Ferring Pharmaceuticals, Pfizer Inc., Grifols, Shire Plc, Biogen Idec, Octapharma, CSL Behring, Sun Pharmaceutical Industries Ltd., Novo Nordisk A/S, and others.
Segmentation Analysis
The global bleeding disorders treatment market has been segmented on the basis of type, treatment, drug class, and end users.
- By mode of Type, the global bleeding disorders treatment market has been segmented into hemophilia B, hemophilia A, Von Willebrand Disease (vWD), and others.
- By mode of Drug Class, the global bleeding disorders treatment market has been segmented into global recombinant coagulation factor concentrate market, plasma-derived coagulation factor concentrates market, and global others bleeding disorders treatment market. Among these, the recombinant coagulation factor concentrates segment is likely to occupy the largest market share owing to the increasing R&D investments for manufacturing and development of recombinant products by the major market players.
- By mode of Treatment, the global bleeding disorders treatment market has been segmented into hormone replacement therapy, desmopressin (DDAVP), anti-fibrinolytic/clot-stabilizing drugs, contraceptives, drugs applied to cuts and pipeline analysis (phase I, phase II and phase III clinical trials), and fibrin sealants.
- By mode of End-users, the global bleeding disorders treatment market has been segmented into clinics, hospitals, research institutes, specialty clinics, and others.
Regional Analysis
The regions across which the global market is spread across include Europe, the Americas, MEA or Middle East and Africa and Asia Pacific or APAC.
North America will be positioned in the lead over the review period, remarks MRFR, considering the fast adoption rate of modern medical technologies and the soaring number of companies specializing in drug development. Also, the surge in FDA approvals is encouraging players to focus even more on extensive R&D of highly advanced drugs and other treatment lines, which is bound to favor the bleeding disorders treatment market in the ensuing years.
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Studies confirm that close to 149,764 people in Europe had hemophilia A and nearly 10,811 of the overall population in the region were diagnosed with platelet disorders in 2016. These statistics indicate the significant growth potential of the bleeding disorders treatment market, as a result of which the region is touted to secure the second position in the following years. Other encouraging factors include the increase in research spending, technical innovations and the general fall in human health across the region. The enhanced need for efficient and advanced therapies and drugs for treating hemophilia also push the market expansion rate in the region.
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