About Beta Thalassemia Testing
Beta thalassemia is a blood disorder in which the production of hemoglobin is reduced. Hemoglobin is the iron-containing protein in the red blood cells (RBCs) that carries oxygen to cells throughout the body. Thus people with beta thalassemia have low levels of hemoglobin which leads to a shortage of oxygen in many parts of the body. Pale skin, weakness, fatigue are the complications occur due to beta thalassemia. The people affecting with beta-thalassemia also have a risk of developing blood clots. Beta thalassemia testing includes Complete Blood Count (CBC), DNA testing, parental genetic testing, Chorionic Villus Sampling (CVS) and Preimplantation Genetic Diagnosis (PGD).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Global Beta Thalassemia Testing is a fragmented market due to the presence of various players. The companies are planning strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States and Chinese Players will contribute the maximum growth to Global Beta Thalassemia Testing 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.
Genorama Ltd. (Estonia), HiMedia Laboratories (India), DiagCor Bioscience Inc Ltd (China), Tosoh Bioscience, Inc. (United States), Goffin Molecular Technologies B.V. (Netherlands), Devyser (Sweden), Hybribio (China), Bio-Active Co., Ltd. (Thailand), Bio-Rad Laboratories (United States) and Genomed Biotech (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Beta Thalassemia Testing market by , Application (Hospitals, Biotechnological Laboratories, Diagnostic Laboratories, Educational Research Institutes and Pharmaceutical Industries) and Region.
On the basis of geography, the market of Beta Thalassemia Testing 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 Technology, the sub-segment i.e. Perinatal Testing {Complete Blood Count and DNA Testing} will boost the Beta Thalassemia Testing market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Use of Preimplantation Genetic Diagnosis (PGD)
Market Growth Drivers:
Growing Number of Patients Suffering From Beta Thalassemia and Development of Various Rapid Diagnostic Methods
Challenges:
Lack of Awareness about the Disorder
Restraints:
High Implementation Cost of Sophisticated Clinical and Preclinical Imaging Systems
Opportunities:
Increasing Prevalence of Thalassemia
Market Leaders and their expansionary development strategies
On 14th October 2021, Tosoh Bioscience, Inc. acquired Semba Biosciences. With this acquisition, Tosoh will able to offer unparalleled efficiency and productivity in downstream processes and significantly decrease the cost of manufacturing.
In 2019, Bristol-Myers Squibb Company acquired Celgene Corporation. The transaction includes further progress relating to the patent estate for REVLIMID, the U.S. Food and Drug Administration (FDA) approval of INREBIC (fedratinib) for the treatment of certain forms of myelofibrosis, the U.S. FDA approval of REBLOZYL (luspatercept-aamt) for the treatment of anemia in certain adult patients with beta thalassemia, and regulatory filings of luspatercept and ozanimod in the U.S. and Europe.
As per the Standards of Care Guideline, All patients should undergo at least an annual comprehensive assessment at a thalassemia center. During such an assessment, recommendations are summarized after consultation with multiple specialists and communicated directly to the primary provider and family.
Key Target Audience
Technology Investors, Research Professionals, Research Institutes, Government Body & Associations and End-user
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.