Currently, North America dominates the global acquired orphan blood disease market, followed by Europe. This is due to the rising prevalence of blood related diseases and increasing R&D investment in these regions. In addition, increasing access to healthcare insurance, especially in the U.S., is also influencing the growth of the acquired orphan blood disease market in the region. Asia is expected to be the fastest growing market in the next five years. This is due to the rising healthcare infrastructure and increasing government initiatives for better healthcare facilities in this region. Moreover, the presence of a large patient population base is also driving the growth of the acquired orphan blood disease market in this region.
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Rising incidences of chronic diseases, increasing awareness among people about healthcare, and improved technological advancements are some of the key factors driving the growth of the global acquired orphan blood disease market. In addition, rising per capita income in developing countries is also fueling the growth of the global acquired orphan blood disease market. However, the long duration of time required for the approval of the orphan blood disorder drug and stringent regulatory policies are restraining the growth of the global acquired orphan blood disease market.
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Emergence of new therapies could open up new opportunities for new players in the global acquired orphan blood disease market. In addition, emerging markets such as India and China could also create new opportunities for new players. However, increasing number of consolidations could restrain the entry of new players in the market. Moreover, less investment by companies in the rare diseases market could pose a challenge for the growth of the global acquired orphan blood disease market. Increasing number of mergers and acquisitions and rising number of pipeline drugs are some of the recent trends witnessed in the global acquired orphan blood disease market. The major companies operating in this market are Alexion Pharmaceuticals, Inc., Amgen, Inc., Celgene Corporation, Eli Lilly and Company, Sanofi S.A., GlaxoSmithKline plc, and Cyclacel Pharmaceuticals, Inc. Some of the other companies operating in this market are Onconova Therapeutics, Inc., Incyte Corporation, and CTI BioPharma Corp.
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