About Thalassemia
Thalassemia is a general term for a group of monogenic blood disorders, within which the body produces abnormal hemoglobin, leading to the destruction of red blood cells. This ultimately results in anemia. There are 2 main kinds of thalassemia: alpha-thalassemia and beta-thalassemia, the latter being additional serious. Beta-thalassemia is a common chromosome recessive disorder worldwide and it's comparatively rare within the U.S. Increase in the incidence of thalassemia is anticipated to fuel market growth. Despite technological advancements, the unmet want for a reliable treatment possibility still exists. Treatment of thalassemia is usually restricted to regular blood transfusions and iron chelation medical aid. Medication prescribed for hypochromic anemia largely cures symptoms and facet effects like anemia, pathology, and nutrition deficiency. However, gene medical aid is rising as a reliable treatment option for the disease.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
The Thalassemia market would increase in the coming years due to the increasing prevalence of the disease. The rising knowledge and the research and development in this field are fueling the growth of the market. Many patients are dependent on transfusion, which is driving the growth of the market. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Thalassemia market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bluebird bio, Inc. (United States), Acceleron Pharma, Inc. (United States), Celgene Corporation (United States), GlaxoSmithKline plc (United Kingdom), Incyte Corporation (United States), Gamida Cell (Israel), Kiadis Pharma (Netherlands), La Jolla Pharmaceutical Company (United States) and IONIS Pharmaceuticals (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Thalassemia market by Type (Alpha-Thalassemia and Beta Thalassemia), Application (Hospital, Clinic, Research Institute and Laboratories) and Region.
On the basis of geography, the market of Thalassemia has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Treatment Type, the sub-segment i.e. Blood Transfusions will boost the Thalassemia market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Patients, the sub-segment i.e. Adults will boost the Thalassemia market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of The Transplants and Increased Awareness
Market Growth Drivers:
Growing Prevalence of Thalassemia, Increasing Market of Bone Marrow Transplant, Large Numbers of Transfusion Dependent Patients and Escalating Healthcare Spending
Challenges:
Lack of Skilled Personnel
Restraints:
High Cost of The Treatment
Opportunities:
Rising Expenditure on Pharmaceuticals Research and Development
Key Target Audience
Manufacturers of Thalassemia, Suppliers and distributors of Thalassemia, Governmental and Regulatory bodies, End-Users and Potential Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.