Global Hemoglobinopathies Market Overview:
The hemoglobinopathies are a group of disorders passed down through families (inherited) in which there is abnormal production or structure of the hemoglobin molecule. Sickle cell disease (SCD) is one such blood disorder caused by the abnormal hemoglobin that damages and deforms red blood cells. The abnormal red cells break down, causing anemia, and obstruct blood vessels, leading to recurrent episodes of severe pain and multi-organ ischemic damage. SCD affects millions of people throughout the world and is particularly common among people whose ancestors come from sub-Saharan Africa, regions in South America, the Caribbean, and Central America, and Mediterranean countries such as Turkey, Greece, and Italy, and many other counties like Saudi Arabia and India.
As per latest study released by AMA Research, the Global Hemoglobinopathies market is expected to see growth rate of 5.2%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increasing Prevalence of Hemoglobin Disorders such as Sickle Cell Disease (SCD), thalassemia, Hb C, and Hb E
Market Growth Drivers:
Growing Cases of Hemoglobinopathies, Especially in Regions such as Southeast Asia and Africa and Favorable Government Programs related to Hemoglobinopathies
Challenges:
Insufficient healthcare Infrastructure and Low Levels of Disease Diagnosis and Treatments in Countries like South Africa, and the Mediterranean basin.
Restraints:
Lack of Awareness about these Diseases Leads to Rising in Death to Survival Ratio for Patients Suffering from SCD and Thalassemia
Opportunities:
Rising Research and Development Activities aimed at Developing Novel Therapeutics are Projected Growth of the Market in the Forecast Period
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Abbott Laboratories (United States), Bio-Rad Laboratories, Inc. (United States), Danaher Corporation (United States), Siemens AG (Germany), Shenzhen Mindray Bio-Medical Electronics Co., Ltd (China), Nexcelom Bioscience LLC (United States), Nihon Kohden Corporation (Japan), PerkinElmer Inc. (United States), Apotex Inc. (Canada), CRISPR Therapeutics (Switzerland) and Sysmex Corporation (Japan). The Players having a strong hold in the market are Abbott Laboratories, Bio-Rad Laboratories, Inc., and Danaher Corporation. Additionally, following companies can also be profiled that are part of our coverage like Novartis AG (Switzerland), Medunik USA Inc (United States), Emmaus Medical, Inc (United States), Bristol-Myers Squibb (United States), Alnylam Pharmaceuticals, Inc. (United States), Gamida Cell (Israel), Biogen Inc. (United States), Acceleron Pharma, Inc (United States), Sangamo Therapeutics (United States) and CELGENE CORPORATION (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Hemoglobinopathies market by 2030. Considering Market by Therapy Type, the sub-segment i.e. Blood transfusion will boost the Hemoglobinopathies market. Considering Market by Test Type, the sub-segment i.e. Red Blood Cell (RBC) Count Test will boost the Hemoglobinopathies market. Considering Market by End User, the sub-segment i.e. Diagnostics Laboratories will boost the Hemoglobinopathies market.
Latest Market Insights:
In August 2021, Vertex Pharmaceuticals and Crispr Therapeutics announced a merger to create a new company focused on gene editing therapies, including those for sickle cell disease.
On December 12, 2022, Emma Therapeutics announced the FDA approval of its new drug, called Mycapssa, for the treatment of beta-thalassemia.
What Can be Explored with the Hemoglobinopathies Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Hemoglobinopathies Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Hemoglobinopathies
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Hemoglobinopathies market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Hemoglobinopathies market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Hemoglobinopathies Drugs Manufacturers, Research Organizations and Consulting Companies, Related Associations, Organizations, Forums, and Alliances, Government Bodies such as Regulating Authorities and Policymakers, Venture capitalists, Private Equity Firms, and Startup Companies, Distributors and traders and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.