Growing prevalence of hemophilia worldwide is a significant driver of the market. As more individuals are diagnosed with this genetic disorder, the demand for effective treatment options has surged.
As per the Centers for Disease Control and Prevention, hemophilia A affects 1 in 5,000 male births each year in the U.S. This considerable prevalence is set to dramatically impact the market, since the number of dependent patients requiring quality care is increasing.
Further, advances in diagnostic techniques and increased awareness have contributed to the identification of a higher number of cases, thus amplifying the need for therapeutic interventions.
Additionally, expanding global population and improved healthcare infrastructure in developing regions have facilitated better access to medical care, leading to earlier diagnosis and more comprehensive management of hemophilia.
This increasing prevalence underscores the urgent necessity for advanced treatment modalities, including clotting factor concentrates, gene therapy, and prophylactic therapies, thereby propelling the growth of the market.
Authors:
Mariam Faizullabhoy, Gauri Wani
Frequently Asked Questions (FAQ) :
Global hemophilia treatment market was valued at USD 13 billion in 2023 and is anticipated to witness growth at 5.6% CAGR over 2024-2032, owing to the advent of novel products.
The adult segment in the market is anticipated to grow at 5.5% CAGR through 2032, as adults with hemophilia often require more frequent and specialized treatments to manage complications and maintain quality of life.
North America hemophilia treatment market size was valued at USD 5.8 billion in 2023 and is anticipated to reach USD 9.1 billion by 2032, driven by advanced healthcare infrastructure, high patient awareness, and robust reimbursement frameworks.
Novo Nordisk A/S, Octapharma AG, Pfizer, Inc, Sanofi SA, Swedish Orphan Biovitrum AB, and Takeda Pharmaceutical Company Limited among others.