According to the current analysis of Reports and Data, the global Hemoglobinopathies market was valued at USD 5.85 Billion in 2019 and is expected to reach USD 15.07 Billion by the year 2027, at a CAGR of 10.2% from 2020-2027.
Hemoglobinopathies is a genetic defect that results in the abnormal structure of one of the globin chains of the hemoglobin molecule. Hemoglobinopathy disorders include sickle cell anemia, hemoglobin C disease, hemoglobin S-C disease, and various forms of thalassemia.
The growth of the hemoglobinopathies market is driven by the increasing prevalence of hemoglobinopathies in developed countries, high-level diseases, a variety of government support initiatives, and NGO funding. Advanced diagnostic and therapeutic factors, favorable diagnostic and economic approaches such as genetic testing, and developing rapid point of care diagnostic methods are other factors that drive the global hemoglobinopathy market. The hemoglobinopathies market is distributed mainly into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). According to WHO, around 300,000 to 500,000 children born each year are affected by hemoglobin disorders. North America spearheaded the market in terms of revenue in 2019 due to rising R&D investments by key players, promising reimbursement scenario, and the presence of high-quality healthcare infrastructure. There are some factors that are restricting the growth of the Hemoglobinopathies market, which include lack of awareness regarding hemoglobinopathy disorders among the population, especially in underdeveloped countries, and lack of high sensitivity and specific diagnostic tests.
Request free sample Copy of this research report to understand the structure of the complete report@ https://www.reportsanddata.com/sample-enquiry-form/2165
Strategies for the effective treatment of sickle cell anemia and beta-thalassemia are based on the knowledge that these disorders result from structural and functional defects in an adult gene for which an intact fetal counterpart exists. During the previous decade, a few pharmacologic areas have been explored for their capability to decrease sickle cell disease and beta-thalassemia by expanding the union of fetal hemoglobin in adults. Progress in understanding globin quality guidelines is currently being associated with launches in retrovirus-interceded quality exchange, and the once-far off objective of giving quality treatment to hemoglobinopathies is quickly moving toward reality. Recently, quality treatment in clinical preliminaries has been effectively applied to hemoglobinopathies, for example, sickle cell sickness (SCD) and β-thalassemia.
Among the great discoveries that led to the design of genetic approaches to cure these disorders is the discovery of the β-globin locus control region, along with several associated transcription factors, which determine hemoglobin switching as well as high-level, erythroid-specific expression of genes at the ß-globin locus. In addition, expanding proof shows that lentiviral vectors are productive devices to embed enormous DNA components into nondividing hematopoietic undeveloped cells, demonstrating use in the future. On the other hand, genome altering could reestablish articulation of fetal hemoglobin or target explicit changes to reestablish articulation of the wild-type β-globin quality. The latest clinical preliminaries for β-thalassemia and SCD are demonstrating promising results: patients had the option to end transfusions or had decreased transfusion necessities. Notwithstanding, toxic myeloablation and the significant expenses associated with current ex vivo hematopoietic treatment stages are a cause of a significant market restraint fot this technology.
Further key findings from the report suggest
- The Global Hemoglobinopathy market is projected to register a CAGR of 10.2% during the forecast period in terms of value.
- The global hemoglobinopathies treatment market is concentrated towards the drivers and the market being in a growth phase, the competition among companies is intense.
- North America leads the overall hemoglobinopathies market in terms of revenue in 2018, while the Asia Pacific is expected to show lucrative growth over the forecast period owing to the presence of high unmet clinical needs and improving healthcare infrastructure.
- The main drivers for the hemoglobinopathies market are the growing prevalence of hemoglobinopathies in developed nations, high disease occurrence in underdeveloped nations, various supportive government initiatives, and non-government organizational funding.
- Some drugs like NiCord, ZFP Transcription Factors, ALN-TMP, and Drug Targeting PRMT5 that are used for hemoglobinopathies treatment are expected to cumulatively boost the market growth.
- North America leads the overall hemoglobinopathies market in terms of revenue in 2019 with a market share of around 39% in 2019, and this market is expected to surpass USD 52.71 billion by the year 2027.
- The market for the red blood cells count test segment is expected to reach USD 27.68 billion by the year 2027, growing at the highest CAGR of 10.5% during the forecast period.
- Sickle cell disease is the leading product segment of the global Hemoglobinopathies market with the highest market share of 52.4%.
Order Your Copy Now (Customized report delivered as per your specific requirement)@ https://www.reportsanddata.com/checkout-form/2165
For the purpose of this report, Reports and Data has segmented the Hemoglobinopathies market on the basis of type, Therapy Type, Test Type, and Region:
Type (Revenue, USD Million; 2017–2027)
- Alpha Thalassemia
- Beta Thalassemia
- Sickle Cell Disease
- Other Hb Variants Diseases
Therapy Type (Revenue, USD Million; 2017–2027)
- Blood transfusion
- Iron chelation therapy
- Bone marrow transplant
Test Type (Revenue, USD Million; 2017–2027)
- Red blood cell (RBC) count test
- Genetic testing
- Liquid chromatography (HPLC) test
- Hemoglobin isoelectric (Hb IEF) focusing
- Hemoglobin electrophoresis (Hb ELP) test
- Hemoglobin solubility test.
Regional Outlook (Revenue in USD Million; 2017–2027)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa (MEA)
- South Africa
- Saudi Arabia
- Rest of MEA
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/hemoglobinopathies-market
Read More Reports:-
Diagnostic Reagent Market Size, Trends & Analysis By Type (Clinical Reagents, Analytical Reagents, Others), By Application (Hospitals, Laboratories, Research Institutions), By Region, Segment Forecasts To 2027
mRNA Cancer Vaccines And Therapeutics Market By Type (Adeno Carcinomas, Mucinous Carcinomas, Adenosquamous Carcinomas, Others), By End-User (Hospitals & Clinics, Ambulatory Surgical Centers, Research Institutes, Others) By Region, Segment Forecasts To 2027
Fertility Enhancing Treatment Market Size, Growth & Analysis, By Treatment (Drugs For Women, Drugs For Men), By Gender (Female, Male), By Distribution Channel (Hospital Pharmacy, Drug Stores, Retail Pharmacy, E-Commerce), And Regional Forecasts To 2027
Diabetes Injection Pens Market Size, Share & Analysis, By Product Type (Insulin Pens, Pen Needles), By Usage (Reusable, Disposable), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Sales, Diabetes Clinics/ Centers), And Regional Forecasts To 2027
Peptide Cancer Vaccine Market Growth, Size & Analysis, By Type (Type I, Type II), By Application (Breast, Lung, Prostate Cancer, Melanoma, Others), And Regional Forecasts, 2017-2027
Laparoscopic Scissors Market Size, Share & Analysis By Type (Monopolar Laparoscopic Scissors, Bipolar Laparoscopic Scissors), By Application (Hepatobiliary Surgery, Spleen & Pancreatic Surgery, Gastrointestinal Surgery, Cardiopulmonary Surgery, Urological Surgery, Gynecological Surgery, Others), By End User (Hospitals, Ambulatory Surgical Centers), By Region Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370