Blood Disorder Therapeutics Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 6.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Blood Disorder Therapeutics Market Analysis
The Blood Disorder Therapeutics Market is expected to register a CAGR of 6.2% during the forecast period. Blood disorders are conditions that impact the blood's ability to function correctly. It includes problems with the white blood cells, red blood cells, platelets, bone marrow, spleen, lymph nodes, and the proteins which are involved in bleeding and clotting (hemostasis and thrombosis). Most of the blood disorders are caused by mutations in specific genes and can be passed down in families. According to the National Heart, Lung, and Blood Institute, Hemophilia A is the most common type of the disease in males then females about 1 in 4,000 to 1 in 5,000 males worldwide are born with Hemophilia A disorder and Hemophilia B occurs in approximately 1 in 20,000 newborn males worldwide. As per study published in the PLOS Medicine Journal, sickle cell anemia cases are expected to increase about 30 percent globally by the year 2050. Rising prevalence of various blood disorders and increasing investment in research and development for advance treatment options are the key driving factors in blood disorder therapeutics market.
Blood Disorder Therapeutics Market Trends
This section covers the major market trends shaping the Blood Disorder Therapeutics Market according to our research experts:
Recombinant Factors Segment is Expected to Hold a Significant Market Share in the Blood Disorder Therapeutics Market
- Worldwide, the rising prevalence of blood disorders and increasing adoption of recombinant factor concentrates are the key drivers of the recombinant factors segment.
- A recombinant factor is a form of blood factor that is manufactured via recombinant technology. Recombinant factors are used in the treatment of disorders such as hemophilia (prevention and control of hemorrhagic episodes).
- According to the World Federation of Hemophilia Report, in the year 2017, worldwide around 315,423 people are affected by bleeding disorders. Among them approximately 196,706 people are living with Hemophilia, 76,144 people with von Willebrand disease (VWD) and 42,573 with other bleeding disorders. Furthermore, according to the National Hemophilia Foundation, approximately 75% of people with hemophilia around the world still do not receive adequate treatment or have no access to treatment.
- Recombinant factors segment hold a significant market share by revenue and is anticipated to show steady growth over the forecast period due to the growing need to treat blood-related disorders and increase in production of recombinant products globally.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America expected to hold a major market share in the blood disorder therapeutics market due to rising prevalence of various blood disorders and increasing awareness among the patient population in this region. According to the World Federation of Hemophilia, in the United States alone there are around 18 thousand people with hemophilia and over 11 thousand with von Willebrand disease. In addition, Hemophilia A affects 1 in 5,000 male births and approximately 400 babies are born with hemophilia A each year. Furthermore, increasing investments in research and development to develop treatment options for blood disorders and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.
Blood Disorder Therapeutics Industry Overview
The Blood Disorder Therapeutics Market is fragmented competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Takeda Pharmaceutical Company Limited (Shire Plc), Sanofi, Novo Nordisk A/S, CSL Ltd, Pfizer Inc, Bayer AG, Celgene Corporation, Alexion Pharmaceuticals, Inc, Amgen Inc and AstraZeneca Plc.
Blood Disorder Therapeutics Market Leaders
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Takeda Pharmaceutical Company Limited (Shire Plc)
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Sanofi
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Novo Nordisk A/S
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CSL Ltd
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Pfizer Inc
*Disclaimer: Major Players sorted in no particular order
Blood Disorder Therapeutics Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Overview
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4.2 Market Drivers
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4.2.1 Rising Prevalence of Various Blood Disorders
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4.2.2 Increasing Investment in R&D for Advance Treatment Options
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4.3 Market Restraints
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4.3.1 High Cost of Treatment
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4.3.2 Stringent Regulations Norms
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4.4 Porter's Five Force Analysis
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4.4.1 Threat of New Entrants
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4.4.2 Bargaining Power of Buyers/Consumers
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4.4.3 Bargaining Power of Suppliers
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4.4.4 Threat of Substitute Products
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4.4.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Plasma Derived Factors
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5.1.2 Recombinant Factors
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5.1.3 Other Products
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5.2 By Application
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5.2.1 Hemoglobin Diosrders
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5.2.2 Platelet Based Disorders
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5.2.3 Plasma Disorders
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5.2.4 Myeloproliferative Disorders
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5.2.5 Genetic Hematology Disorders
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5.2.6 Blood Cancers
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5.2.7 Other Application
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5.3 Geography
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5.3.1 North America
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5.3.1.1 United States
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5.3.1.2 Canada
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5.3.1.3 Mexico
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5.3.2 Europe
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5.3.2.1 Germany
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5.3.2.2 United Kingdom
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5.3.2.3 France
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5.3.2.4 Italy
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5.3.2.5 Spain
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5.3.2.6 Rest of Europe
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5.3.3 Asia-Pacific
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5.3.3.1 China
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5.3.3.2 Japan
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5.3.3.3 India
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5.3.3.4 Australia
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5.3.3.5 South Korea
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5.3.3.6 Rest of Asia-Pacific
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5.3.4 Middle-East and Africa
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5.3.4.1 GCC
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5.3.4.2 South Africa
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5.3.4.3 Rest of Middle-East and Africa
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5.3.5 South America
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5.3.5.1 Brazil
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5.3.5.2 Argentina
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5.3.5.3 Rest of South America
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6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
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6.1.1 Takeda Pharmaceutical Company Limited (Shire Plc)
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6.1.2 Sanofi
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6.1.3 Novo Nordisk A/S
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6.1.4 CSL Ltd
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6.1.5 Pfizer Inc
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6.1.6 Bayer AG
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6.1.7 Celgene Corporation
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6.1.8 Alexion Pharmaceuticals, Inc
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6.1.9 Amgen Inc
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6.1.10 AstraZeneca Plc
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Blood Disorder Therapeutics Industry Segmentation
Blood disorders are conditions that impact the blood's ability to function correctly. Most blood disorders decrease the number of platelets, proteins, nutrients or interfere with their function. Blood disorders covered under the market scope include anemia, bleeding disorders such as hemophilia, and blood cancers such as lymphoma, leukemia, and myeloma among others. Blood Disorder Therapeutics Market is segmented By Product Type, By Application and Geography.
| By Product Type | |
| Plasma Derived Factors | |
| Recombinant Factors | |
| Other Products |
| By Application | |
| Hemoglobin Diosrders | |
| Platelet Based Disorders | |
| Plasma Disorders | |
| Myeloproliferative Disorders | |
| Genetic Hematology Disorders | |
| Blood Cancers | |
| Other Application |
| Geography | ||||||||
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Blood Disorder Therapeutics Market Research FAQs
What is the current Blood Disorder Therapeutics Market size?
The Blood Disorder Therapeutics Market is projected to register a CAGR of 6.20% during the forecast period (2024-2029)
Who are the key players in Blood Disorder Therapeutics Market?
Takeda Pharmaceutical Company Limited (Shire Plc) , Sanofi, Novo Nordisk A/S, CSL Ltd and Pfizer Inc are the major companies operating in the Blood Disorder Therapeutics Market.
Which is the fastest growing region in Blood Disorder Therapeutics Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Blood Disorder Therapeutics Market?
In 2024, the North America accounts for the largest market share in Blood Disorder Therapeutics Market.
What years does this Blood Disorder Therapeutics Market cover?
The report covers the Blood Disorder Therapeutics Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Blood Disorder Therapeutics Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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