Blood disorders are mainly affect the one or more parts of the blood and prevent blood from doing its basic functions in the body. Blood disorders may be acute or chronic based on the cause and part of the blood system affected. Many blood disorders are inherited and some are acquired over the course of lifetime in a human being. Orphan diseases are those diseases which affect the fewer than 200,000 people which has been not adopted by the pharmaceutical companies owing to little financial incentives for discovery or marketing. There are several blood disorders which are considered orphan owing to lesser prevalence. Inherited blood disorders are seen due to genetic abnormalities in the patient population. Inherited orphan blood disorders includes sickle cell anaemia, thalassemia, and Hereditary Angioedema (HAE) which are less prevalent. There are very few therapeutic options available for addressing inherited orphan blood disorders.
Inherited Orphan Blood Disorders Therapeutics Market: Drivers and Restraints
Inherited orphan blood disorders therapeutics market is driven by the increasing prevalence of inherited blood diseases in the developing and under developed economies. In addition availability of high unmet needs, increasing product pipeline for treating orphan blood disorders expected to create demand for these treatment options over the forecast period. Inherited orphan blood disorders therapeutics market is driven by increasing governments and regulatory bodies support by means of research and development investment, fast track approval for discovering newer treatments for these disorders. Apart from aforementioned factors financial incentives, premium pricing for these products helps to achieve significant revenue growth over the forecast period.
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Inherited orphan blood disorders therapeutics market hindered by the lack of awareness among healthcare professionals and patients about the disorder and treatments. The market restrained by slow adoption of treatments due to cost associated with it and absence of permanent cure for these diseases.
Inherited Orphan Blood Disorders Therapeutics Market: Segmentation
Inherited orphan blood disorders therapeutics market has been segmented on the basis of disorder type, therapy Type, distribution channel and Region.
Based on the disorder type, the global inherited orphan blood disorders therapeutics entry market is segmented into the following:
- Sickle Cell Anemia
- Hereditary Angioedema (HAE)
Based on the therapy type, the global inherited orphan blood disorders therapeutics market is segmented into the following:
- Blood transfusion
- Bone Marrow Transplant
- Iron Chelation
- Folic Acid
- kallikrein inhibitor
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Based on the end user, the global inherited orphan blood disorders therapeutics market is segmented into the following:
- Drug Stores
Inherited Orphan Blood Disorders Therapeutics Market: Overview
Inherited orphan blood disorders therapeutics market is witnessing significant changes due to increasing product pipelines and rising awareness among clinicians about the disorders. Companies’ continuous investment in creating awareness and implementation of registries by Centers for Disease Control and Prevention are expected to change market dynamics over the forecast period.
Inherited Orphan Blood Disorders Therapeutics Market: Region-wise Outlook
Geographically, global inherited orphan blood disorders therapeutics market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. North America will remain key market for global inheritedorphan blood disorders therapeutics market due to rising R&D activities by key players, better reimbursement policies, and availability of advanced healthcare infrastructure helps to maintain larger market share in the globalinheritedorphan blood disorders therapeutics market by the region. Asia Pacific is anticipated to present growth opportunity owing to large untapped market and growing government’s interventions for improving healthcare infrastructure in the region.
Inherited Orphan Blood Disorders Therapeutics Market: Key Players
Some of the players in the global inherited orphan blood disorders therapeutics market are Biogen Idec, amida Cell, Anthera Pharmaceuticals, Alnylam Pharmaceuticals, Sangamo BioSciences, Global Blood Therapeutics, Mast Therapeutics, Genetix Pharmaceuticals Inc., Emmaus Medical, Inc., Prolong Pharmaceuticals, Calgene Corporation, Invenux LLC, Optinova Ab, HemaQuest Pharmaceuticals, and Acceleron Pharma. to name a few.