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The Acquired Orphan Blood Disease Market Size is valued at USD 8.65 Billion in 2023 and is predicted to reach USD 18.93 Billion by the year 2031 at a 10.47 % CAGR during the forecast period for 2024-2031.
Key Industry Insights & Findings from the Report:
- A key trend in the market is the development of targeted therapies and personalized medicine approaches, which aim to provide more precise and efficient treatments for patients.
- The increasing prevalence of acquired orphan blood diseases, coupled with the rising demand for effective treatment options, is driving market growth.
- North America dominated the market and accounted for a revenue share of global revenue in 2023.
- The high cost of orphan drugs and challenges in the regulatory approval process pose significant barriers to market growth.
Insufficient red blood cells in the circulation results in acquired orphan blood disease, a rare type of rare blood illness. The inability of the body to manufacture red blood cells is a defining feature of this illness. Additionally, poor bone marrow function lowers the number of platelets by reducing the number of red blood cells in the blood. This drop in platelet count brings on anemia and thrombosis. Less red blood cells are present in anemia, a blood disorder.
The most frequent cause of anemia is blood loss, which also has chronic effects. Globally increasing rates of chronic sickness will likely raise the demand for effective healthcare treatments and provide new market opportunities for acquired orphan blood diseases. People's increased awareness of healthcare-related issues in recent years is also anticipated to increase demand in the global market. The medical industry's improved technological advancements also foster new market expansion chances. Developing country citizens currently earn significantly more per capita, which enhances their capacity to invest more money in advanced healthcare choices. The contributing element will likely increase the market for acquired orphan blood disorders.
Furthermore, it is anticipated that strict regulatory guidelines will limit market expansion chances in the coming years. It is also predicted that fewer investments by industry participants in these uncommon diseases will hinder market development drivers. Additionally, the market entry of new companies is anticipated to be hampered by the increasing number of consolidations.
Market Segmentation:
The acquired orphan blood disease market is segmented on the therapy, disease indication and distribution channel. Based on therapy, the market is segmented into recombinant factor, immunoglobulin infusion therapy, activated prothrombin complex concentrate, thrombopoietin receptor agonists and others. Based on disease indication, the acquired orphan blood disease market is segmented into acquired agranulocytosis, acquired hemophilia, acquired von Willebrand syndrome, paroxysmal nocturnal hemoglobinuria (PNH), myelodysplastic syndrome and others. Based on distribution channel, the acquired orphan blood disease market is segmented into hospital pharmacies, retail pharmacies and others.
Based on disease indication, the acquired hemophilia segment is accounted as a major contributor to the acquired orphan blood disease market
Based on disease indication, the acquired orphan blood disease market is segmented into acquired agranulocytosis, acquired hemophilia, acquired von Willebrand syndrome, paroxysmal nocturnal hemoglobinuria (PNH), myelodysplastic syndrome and others. The acquired hemophilia category grabbed the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. Patients with acquired hemophilia (A.H.), a rare autoimmune illness characterized by bleeding without having a personal or family history of clotting or coagulation disorders, experience bleeding. When the body's immune system unintentionally targets healthy cells or tissue, autoimmune diseases result.
The hospital pharmacy segment witnessed growth at a rapid rate
Based on distribution channel, the acquired orphan blood disease market is segmented into hospital pharmacies, retail pharmacies and others. The hospital pharmacy category is anticipated to grow significantly over the forecast period due to the increased quantity of medications being given by trained healthcare professionals in the hospital. The rise is linked to SMA's high rate of hospitalization. Due to the significant risk of respiratory problems and scoliosis, hospitals treat most patients. Additionally, residents of emerging nations are already earning much more per capita, increasing their ability to invest more money in high-quality healthcare options and fueling the expansion of the hospital pharmacy market.
North America acquired orphan blood disease market holds a significant revenue share in the region.
North America's acquired orphan blood disease market is expected to register the highest market share in revenue shortly due to the region's rising rate of blood-related diseases. It is also anticipated that increased healthcare insurance alternatives and R&D spending, notably in the U.S., on innovative medications will impact the region's market expansion prospects. The market in North America is expected to grow at a significant rate in the years to come since sophisticated and organized healthcare solutions are readily available. Additionally, the Asia Pacific is anticipated to expand significantly over the forecast period due to the government's growing efforts for efficient healthcare facilities, and the construction of the healthcare infrastructure is responsible for the surge. The demand for regional goods and services is predicted to rise as patient populations rise.
Competitive Landscape:
Some major key players in the Acquired Orphan Blood Disease Market:
- Alexion Pharmaceuticals, Inc.,
- Amgen, Inc.,
- Celgene Corporation,
- Eli Lilly and Company,
- Sanofi S.A.,
- GlaxoSmithKline plc.,
- Cyclacel Pharmaceuticals, Inc.,
- Onconova Therapeutics, Inc.,
- Incyte Corporation a
- CTI BioPharma Corp.
Acquired Orphan Blood Disease Market Report Scope:
|
Report Attribute |
Specifications |
|
Market size value in 2023 |
USD 8.65 Billion |
|
Revenue forecast in 2031 |
USD 18.93 Billion |
|
Growth rate CAGR |
CAGR of 10.47 % from 2024 to 2031 |
|
Quantitative units |
Representation of revenue in US$ Million and CAGR from 2024 to 2031 |
|
Historic Year |
2019 to 2023 |
|
Forecast Year |
2024-2031 |
|
Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
|
Segments covered |
Therapy, Disease Indication, Distribution Channel |
|
Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
|
Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Alexion Pharmaceuticals, Inc., Amgen, Inc., Celgene Corporation, Eli Lilly and Company, Sanofi S.A., GlaxoSmithKline plc., Cyclacel Pharmaceuticals, Inc., Onconova Therapeutics, Inc., Incyte Corporation and CTI BioPharma Corp. |
|
Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
|
Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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