Bleeding Disorders Treatment Market to Witness Robust Expansion by 2021 | Market Data Forecast
The Global Bleeding Disorders Treatment
Market was worth USD 10.33 billion in 2016 and is estimated to be growing at a
CAGR of 7.90%, to reach USD 15.11 billion by 2021. The market is showcasing
evident potential in the mentioned forecasting period. A bleeding disorder is a
condition in which blood clotting (also called coagulation) doesn’t take place
properly in case of any wound or any cut which might lead to some serious
problem because of too much loss of blood from the body.
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There are many type of Bleeding Disorders,
but the most common ones seen are Hemophilia A, Hemophilia B and von Willebrand
Disease (vWD). A bleeding Disorder is
generally diagnosed by any of these three methods: Complete Blood Count (CBC),
Platelet Aggregation Test and bleeding time. There are various treatment
methods depending on the type of bleeding disorder and its severity. Treatments
include Iron Supplementation pills, Blood transfusion and other methods.
With careless lifestyle of teenagers and not
taking care of their diet, iron deficiency in their body can take place easily,
which is the root cause for bleeding disorders.
Blood disorder cases are increasing worldwide at a very fast rate also
because of the adulteration of food. Also, the fact that most of the bleeding
disorders are inherited and cannot be completely cured is also driving this
market. On the other hand, factors such as, high cost of treatment including
medication and lack of skilled practitioners to cure these type of disorders are
challenging this market.
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The Global market for
Bleeding Disorders Treatment is broadly categorized by Drug Class and by
Disorder Type. On the basis of Drug Class, it is further sub-categorized into
Fibrin Sealant, Desmopressin, Antibrinolytics, Recombinant Coagulation Factor
Concentrates and Plasma Derived Coagulation Factor Concentrates. On the basis
of disorder type, it is sub-categorized into Hemophilia A, Hemophilia B ad vWD.
The recombinant coagulation factor concentrates segment is expected to grow the
fastest in the mentioned forecast period. This is because of the increased
R&D in this market and increasing focus of pharmaceutical companies on
recombinant products.
Geographically, global
market is further sub-categorized into North America, Latin America, Middle
East & Africa, Asia-Pacific and Europe. For the upcoming years,
Asia-Pacific is expected to grow the fastest in this market followed by Latin
America. This can be attributed to the fact that local governments are becoming
more concerned about the healthcare in these regions and increasing per capita
income in these regions. North America has the biggest market share among all
the regions.
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Some of the major companies
dominating the market, by their products and services include CSL Behring,
Pfizer Inc., Novo Nordisk, Bayer AG, Biogen Inc., Shire Plc., Medline Plus,
Janssen Global Services, LLC and Grifos SA.
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