CAGR: 8.9%Current Market Size: USD 15.9 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2022-2029Base Year: 2021
The Global Bleeding Disorders Treatment market is expected to grow from USD 15.9 billion in 2021 to USD 31.44 billion by 2029, at a CAGR of 8.9%% during the Projection period 2022-2029. The growth of this market is mainly driven owing to the rising population of patients.
Bleeding disorders are characterised by disruptions in the body's normal blood clotting process. Due to the prolonged bleeding, this disease may have catastrophic repercussions in accident situations. There is also a chance that the body will start bleeding on its own. Although some bleeding disorders can also be acquired due to liver diseases, drug interactions, low red blood cell counts, vitamin K deficiencies, and other variables that are covered in detail in the report by geographical tendencies of disease, the majority of bleeding disorders are inherited. The market for treating bleeding disorders is anticipated to grow rapidly due to an increase in the number of people with liver diseases, anaemia, and other blood coagulation issues. Various growth variables are evaluated with dynamics in the study.The market for treating bleeding disorders is expanding due to an increase in the number of patients who have been given the diagnosis, increased research and development efforts, investments from key market players, increased public awareness of bleeding disorders, particularly haemophilia, and successful government initiatives in developed nations to establish a vast network of diagnosis and treatment facilities. But many individuals are unable to access the proper care due to the high cost of pharmaceuticals and a shortage of trained medical professionals, which has been limiting the market's expansion. Treatment market growth is largely constrained by underdeveloped and developing nations, but these nations' markets are also expanding.
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Market Dynamics:
Drivers:
An increase in the population with bleeding disorders is driving the demand for treatments for these conditions. Over 1,125,000 boys worldwide suffer from a genetic bleeding disorder, of which 418,000 have a mild variety that is frequently undiagnosed. The market for treating bleeding disorders has been expanding as a result of the large number of patients who are receiving therapy in some capacity. In an effort to increase patient understanding of therapy and adoption rates, numerous businesses and academic institutions have been attempting to create new medications and enhance existing ones. The delivery of many replacement drugs has improved, and their potency, immunogenicity, and half-lives have all increased. For the past five years, improvements in bioengineering have benefited in the treatment of disorders that cause bleeding. The bleeding disorders treatment market is likely to increase owing to these advancements during the Projection years.
Restraints:
A significant barrier to the market for treating bleeding disorders is the high cost of care. Hospitalization, lab tests, and routine outpatient checkups are all too expensive. The development of the market for therapies for acquired bleeding disorders is expected to be hampered by other factors, such as a lack of awareness in some developing countries.
Opportunities:
The federal government's increased investment in encouraging the use of these solutions has a further impact on the market. The market for treating bleeding disorders is also positively impacted by the rise in healthcare spending, improvements in the healthcare infrastructure, and strong demand for extended care delivery.
Challenges
The market for treating bleeding disorders would face substantial obstacles due to the lack of trained professionals and specialists with the necessary skills. Lack of access to effective therapy due to high prescription fees would restrict the market's development rate. The absence of benevolent reimbursement policies will further constrain the growth's potential.
Segmentation Analysis:
The global bleeding disorders treatment market has been segmented based on type, drug class, and regions.
By Type
The type segment is hemophilia A, hemophilia B, and other. The hemophilia A segment led the largest share of the bleeding disorders treatment market with a market share of around 38.3% in 2021. The classification is based on the unique lack of coagulation factor in the patient. Statistics show that haemophilia type A is four times more prevalent than haemophilia type B and is the most common kind. According to data reported in WebMD LLC in 2019, the prevalence of type A varies by country, with 5.4-14.5 cases per 100,000 males being the range. Furthermore, severe haemophilia A, which is associated with severe bleeding symptoms, was present in 50–60% of the population. A lot of the treatments available on the market are also used to treat type A haemophilia.
By Drug Class
The drug class includes recombinant coagulation factor concentrates, plasma-derived coagulation factor concentrates, fibrin sealants, and other segments. The recombinant coagulation factor concentrates segment led the bleeding disorders treatment market with a market share of around 29.08% in 2021. This rise can be attributed to increasing R&D efforts and pharmaceutical firms' greater focus on recombinant products, which led to the introduction of new drugs. The rising incidence of blood disorders and the expanding popularity of recombinant coagulation factor concentrates are the segment's main growth factors. Recombinant coagulation factor concentrates are used to treat diseases like haemophilia (prevention and control of hemorrhagic episodes).
By Regional Analysis:
The regions analyzed for the bleeding disorders treatment market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North America region dominated the bleeding disorders treatment market and held the 22% share of the market revenue in 2021.
Global Bleeding Disorders Treatment Market- Country Analysis:
Germany's Bleeding Disorders Treatment market size was valued at USD 0.604 billion in 2021 and is expected to reach USD 1.125 billion by 2029, at a CAGR of 7.3% from 2022 to 2029.
The emergence of blood illnesses in Germany is driving up need for care for bleeding disorders. The EHC represents about 90,000 individuals with a diagnosis of a rare bleeding disorder such haemophilia, von Willebrand disease (VWD), or another uncommon ailment. Additionally, rising government spending in the healthcare sector fuels the industry.
China Bleeding Disorders Treatment’s market size was valued at USD 0.508 billion in 2021 and is expected to reach USD 0.859 billion by 2029, at a CAGR of 6.8% from 2022 to 2029. Because more individuals are becoming aware of genetic diseases, the Chinese market is probably going to have a significant revenue share in the market for treating bleeding disorders. The prevalence of bleeding disorders among patients is increasing, and there are medications or therapies available to treat these conditions, which is causing the market to grow. the store Factors like increased R&D activities and pharmaceutical companies' increased focus on developing novel treatments are anticipated to benefit China.
India's Bleeding Disorders Treatment market size was valued at USD 0.139 billion in 2021 and is expected to reach USD 0.219 billion by 2029, at a CAGR of 5.9% from 2022 to 2029. The region's market is expanding as a result of increasing investments in R&D to find treatments for blood disorders and the presence of a strong healthcare infrastructure.
Key Industry Players Analysis:
To increase their market position in the global Bleeding Disorders Treatment business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2021-2029 |
Base year |
2021 |
CAGR (%) |
8.9% |
Market Size |
15.9 billion in 2021 |
Projection period |
2022-2029 |
Projection unit |
Value (USD) |
Segments covered |
By Type, By Drug Class, and Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Johnson & Johnson Services, Inc., AbbVie Inc., Prestige Consumer Healthcare Inc., Wellona Pharma, Bayer AG, Zydus Group, Amneal Pharmaceuticals LLC, Novartis AG, Akorn Operating Company LLC, Bausch & Lomb Incorporated, Théa Laboratories, OASIS Medical, Alcon, and Santen Pharmaceutical Co., Ltd., among others |
By Type |
|
By Drug Class |
|
Regional scope |
|
Scope of the Report
Global Bleeding Disorders Treatment Market by Type:
Global Bleeding Disorders Treatment Market by Drug Class:
Global Bleeding Disorders Treatment Market by Region:
Global bleeding disorders treatment market is expected to reach USD 31.44 billion by 2029, at a CAGR of 8.9% from 2022 to 2029.
North America region dominated the bleeding disorders treatment market and held the 22% share of the market revenue in 2021.
Government expenditures on interoperability in healthcare
Increasing blood-related disorders are primarily driving the growth of the bleeding disorders treatment market.
Leading market players active in the global bleeding disorders treatment market are Johnson & Johnson Services, Inc., AbbVie Inc., Prestige Consumer Healthcare Inc., Wellona Pharma, Bayer AG, Zydus Group, Amneal Pharmaceuticals LLC, Novartis AG, Akorn Operating Company LLC, Bausch & Lomb Incorporated, Théa Laboratories, OASIS Medical, Alcon, and Santen Pharmaceutical Co., Ltd.
Political Factors- The Hospitals will be negatively impacted by Brexit, just like all other UK organisations. Being a public institution, a break from the European Union will have significant effects on its ability to function. Although we are unable to say with certainty what effects the Brexit will have on the Hospitals, many political and economic professionals have offered their opinions. The scarcity of resources is one of the main problems at hand. Many medications and medical supplies are being transported to the UK from different EU countries. After the Brexit, the markets will undoubtedly be disrupted by the acute shortage of critical medications. The shortage of manpower will be another crucial element. A sizable share of the Hospitals personnel is foreign-born. There will be a reduction in this ongoing supply of skilled people after Brexit. and there will be a staffing shortage in the Hospitals.
Economical Factors- The Hospitals has struggled on several fronts ever since the 2008 financial crisis. Additionally, the impacts of this economic downturn were felt throughout the entire UK, and a number of industries were unable to maintain their standards. For the Hospitals, the same is true. The Hospitals was forced to lower worker salaries as a result of both a shortage of resources and numerous economic regulations. As a result, a sizable section of the Hospitals staff left, and less qualified individuals took their place. Even though the financial crisis took place ten years ago, its repercussions are still clearly felt by the Hospitals, which is unable to function at its previous level. In addition, the UK government implemented some austerity measures to address this financial crisis. Cutting the budgets of several public entities was one of these methods. Many of these austerity measures also had an indirect impact on the Hospitals, even though there was no direct impact on the Hospitals budget. The financial difficulties the organisation was already experiencing as a result of the recession were made worse by the austerity measures.
Social Factor- The average age of the population in the UK is rising quickly. Due to the disparity in population across the different generations, this is a global phenomenon. And as we get older, our health problems also get worse. Because diabetes and cancer are age-related disorders, their prevalence is always rising. The Hospitals is now under even more pressure as a result, and it is now very challenging for the organisation to treat the increasing number of cases with excellent care. The expansion of patient knowledge is another sociocultural issue that has an impact on the Hospitals. The healthcare system's complexities and workings are now better understood by patients. As a result, patients expect the Hospitals to provide the best possible healthcare. However, given the circumstances, it is unable to offer such services.
Technological Factors- The quality of services offered by the Hospitals has significantly changed as a result of the general technological advancements in healthcare. In all hospitals around the UK, modern equipment including intricate scanning systems and other instruments have become standard. These technology improvements have enabled the Hospitals to offer all of its patients high-quality, prompt healthcare. The improvement of the medical education system is another result of this technological advancement. The Hospitals will then directly benefit from this by having access to more qualified people to operate. While there are still understaffing difficulties in the Hospitals, there is optimism that these issues can be resolved with the aid of contemporary medical facilities.
Environmental Factors- The toxic waste that is collected over the planet has a significant contribution from the medical business. All medical organisations are under a lot of pressure due to the current crisis our climate is experiencing. They are expected to handle their waste and resources with the utmost care. The Hospitals is also the target of criticism from numerous environmental protest groups. They want to improve their waste management practices without contributing to the ongoing worldwide catastrophe. The hospitals has taken specific actions to guarantee that the disposal of medical waste has the least possible negative effects.
Legal Factors- Patients who are dissatisfied with the quality of care provided by the Hospitals are now voicing their complaints in court. The patient's family frequently seeks legal action because they believe the medical system has treated the patient unfairly. The hospitals, clinincs, etc. has also dealt with many of these lawsuits from dissatisfied patients. This is a brand-new and expensive issue that the Hospitals must handle. Additionally, the practise of taking legal action against medical institutions is becoming more widespread. However, the number of patients needing legal courses can be decreased with the growth of services through technology and knowledgeable people.
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