“Global Rare Hemophilia Factors market is anticipated to surpass USD 250 Million by 2020”, says Visiongain

07 November 2019
Pharma

Visiongain has launched a new pharma report “Rare Hemophilia Factors Market Report 2020-2030” Prospects by Type (Factor I, Factor II, Factor V, Factor VII, Factor X, Factor XI, Factor XIII), Treatment (Factor Concentrates, Fresh Frozen Plasma, Cryoprecipitate, Other Treatment Types) and Geography.

Global Rare Hemophilia Factors market is projected to grow on account of rising adoption of prophylaxis treatment, favorable government initiatives and mandates, and Recent approvals of factor concentrates by regulatory bodies among others. The global market is projected to grow at a lucrative CAGR of ~5% from 2020 to 2030 and anticipated to surpass USD 250 Million by 2020.

Hemophilia is a rare genetic disorder caused by an inability to produce a clot that can stop bleeding. Hemophilia-free patients who develop clotting factor VIII or factor IX inhibitors are diagnosed with hemophilia A or B, respectively. The condition associated with the impairment of blood coagulation is von Willebrand disease, caused by a deficiency in the factor of von Willebrand. Although the disease of von Willebrand is more prevalent than hemophilia and is comparatively less serious

Government initiatives and mandates have also increased awareness of unusual hemophilia coagulation disorders among physicians and clinicians, thus reviving this condition's diagnosis and treatment rates. Thus, it is likely to increase market growth over the forecast period. Also, the United States enacted the Orphan Drug Act (ODA) in 1983. About 3,647 drugs have been classified as orphan drugs from 1983 to 2015 and 554 drugs have been licensed by the United States FDA. These orphan drug approvals resulted in better therapeutic options to patients with unusual conditions such as severe hemophilia disorders and are anticipated to address the unmet needs of the patients over the forecast period.

However, efforts by the International Rare Disease Research Consortium (IRDiRC) in Europe to create 200 new therapies for these diseases by 2020 and to provide support for studies and research & development activities are projected to foster growth in the market for these hemophilia causes. Furthermore, actions taken by patient advocacy groups, academic institutions, other non-profit organizations, and pharmaceutical companies are also fueling in countries like China. For example, the Chinese Rare Disorders Organization (CORD) and organizations like Haemophilia Home of China are actively engaged in launching pilot projects to raise awareness, diagnosis, and treatment options for rare disorders across China.

In 2018, the F-VII deficiency segment held the largest market share. The segment is expected to retain its position, and is anticipated to grow with the highest CAGR over the forecast period owing to the availability of treatment options including recombinant factor VIIa (rFVIIa).

North America dominated the global market in the year 2018. Also, government initiatives to raise the diagnosis rate and reduce the treatment-related costs, research efforts to enhance the management of rare hemophilia conditions, and a strong presence of major players are anticipated to boost growth in North America. For instance, the U.S.-based National Organization of Rare Disorders (NORD) provides multiple research grants to study rare diseases. In recent years, FDA approvals for some concentrate coagulation factors have helped the regional market gain traction.

The Asia Pacific is expected to experience the highest growth over the forecast period due to population growth and increased incidence of autosomal recessive disorders due to consanguineous marriages in countries such as China, Pakistan, and India.

Some of the major players operating in this industry are Baxalta (Baxter Healthcare), Bayer Healthcare, Bio Products Laboratory Ltd., Biogen, CSL Behring, Novo Nordisk, Pfizer, Inc., and Shire, other prominent players.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 207 336 6100.

About Visiongain
Visiongain is one of the fastest growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.

Recent News

Visiongain Publishes RNA Analysis/Transcriptomics Market Report 2020-2030

Rising preference for personalised medicine in developed as well developing economies coupled with increasing investment by biotechnological and pharmaceutical companies for drug discovery is expected to increase RNA analysis/transcriptomics market concentration over the forecast period. In order to increase the reliability and success rate of the drug production process.

30 November 2020

Read

Visiongain Publishes Plasma Therapy Market Report 2021-2031

The market is forecasted for the next ten years based on market growth within each segment of the blood plasma products. The report study aims to explore the market drivers, restraints and also market opportunities facing blood plasma product stakeholders in different geographic areas.

26 November 2020

Read

Visiongain Publishes Precision Cancer Diagnostic Test Market Report 2021-2031

Molecular diagnostics are rapidly transforming drug development and patient selection: trials with biomarkers have higher success rates than those without, and combining patients with a proven biomarker allows efficient trials to be conducted in rare cancers.

26 November 2020

Read

Visiongain Publishes Top 50 Biosimilar Drug Manufacturers 2021

Growing demand for cost-effective drugs; rising prevalence of chronic diseases; mounting investment in drug R&D by biopharmaceutical companies; new product launches and rising acceptance of biosimilars in North America region are some of the major factors that propel the biosimilars market growth.

25 November 2020

Read

Kelloggs
3m
Thales
Shell
TEVA
Lockheed-Martin
Pfizer
Raytheon
Halliburton
Du-Pont
Honeywell
Daimler
BASF
Bayer
BP
BAE-Systems
Unilever