The US Hemophilia Treatment Market to Garner Highest Growth on the Back of Increasing Target Population

Comments · 111 Views

The US hemophilia treatment market encompasses a wide variety of drugs used for the treatment of hemophilia A and B.

The US hemophilia treatment market encompasses a wide variety of drugs used for the treatment of hemophilia A and B. Recombinant factor VIII and IX replacement therapies are the cornerstone treatment for people suffering from hemophilia A and B respectively. These recombinant clotting factor therapies provide patients with on-demand as well as routine prophylactic treatment options for bleed prevention and joint protection. The recombinant therapy segment accounts for the majority of market share owing to benefits such as higher efficacy, user-friendly delivery methods and longer shelf life compared to plasma-derived therapies.

The Global U.S. Hemophilia Treatment Market Size is estimated to be valued at US$ 4.21 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the US hemophilia treatment are Takeda Pharmaceutical Company Limited, Sanofi, Octapharma AG, Swedish Orphan Biovitrum AB, Baxter International Inc., Biogen Inc. and Among Others. Takeda Pharmaceutical is a prominent player with its hemophilia brands such as Adynovate and Advate.

The US hemophilia treatment market is driven by the growing target population suffering from hemophilia A and B. According to CDC estimates, hemophilia A affects around 1 in 5,000 male births in the US each year whereas hemophilia B affects around 1 in 30,000 male births each year. The demand for routine prophylactic treatment and factor replacement therapies is increasing in order to curb bleeding episodes and prevent long-term complications.

Advancements in drug delivery technologies have improved treatment outcomes for hemophilia patients. Recombinant factor therapies with extended half-lives have ushered in a paradigm shift by providing longer protection from bleeds with less frequent dosing. Gene therapy is an upcoming treatment approach that holds promise to cure hemophilia in the future.

Market Trends

Inexpensive Biosimilars - The expiry of patents of high-cost recombinant factor therapies has paved way for availability of cheap biosimilar versions in the US hemophilia treatment market. This will help increase treatment accessibility and affordability.

Home Therapy Gaining Traction - Self-administrable drugs and user-friendly delivery devices are promoting home treatment practices over clinic-based care. This trend is reducing patient burden and healthcare costs.

Market Opportunities

Gene Therapy - Gene therapy aims to introduce a healthy copy of gene to correct the underlying genetic defect, thus enabling long-term cure. Ongoing clinical trials of hemophilia gene therapies show promising results to transform the disease management.

Personalized Medicine - Stratification of patients based on clinical profile, hemophilia type and severity can help achieve targeted treatment outcomes through precision and individualized therapies. This remains an active area of research.

Impact of COVID-19 on U.S. Hemophilia Treatment Market Growth

The COVID-19 pandemic negatively impacted the growth of the U.S. hemophilia treatment market in the initial months. The lockdowns imposed restrictions on non-essential medical care and hospital visits. This disrupted regular hemophilia treatment routines for many patients. However, healthcare providers took swift actions to ensure continuity of care. Telemedicine emerged as a popular option to provide consultations and prescription refills to stable patients remotely. Home treatment programs helped minimize hospital visits. Manufacturers augmented production to meet the rising demand for clotting factor therapies used for prophylaxis and on-demand treatment at home. Looking ahead, the market is expected to normalize as vaccination drives curb infection rates.Players are incorporating digital innovations like connected devices, patient support apps and Telehealth options to enhance access, monitoring and compliance.

Geographic Concentration of U.S. Hemophilia Treatment Market

The Northeast region accounts for the largest share of the U.S. hemophilia treatment market in terms of value. This is attributed to the high population density, advanced healthcare infrastructure and presence of major players in states like New York and Pennsylvania. The prevalence of hemophilia is also comparatively higher due to the large patient pool and established treatment centers offering specialized care. Home care models are widely adopted to ensure regular prophylaxis and minimize bleeding episodes. Telehealth has grown in popularity over the past couple of years to enable remote patient monitoring in this region.

Fastest Growing Region in U.S. Hemophilia Treatment Market

The South region is poised to be the fastest growing market for hemophilia treatment during the forecast period. This is owing to improving access to hemophilia care in states such as Texas, Florida and Georgia. Initiatives focused on early diagnosis, home treatment support and healthcare professional training are boosting treatment rates. Rising awareness about prophylactic management to prevent long-term complications will drive higher medication usage. Additionally, the relatively young patient demographics and ability to afford expensive therapies contribute to market growth in this region.

What Are The Key Data Covered In This U.S. Hemophilia Treatment Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the U.S. Hemophilia Treatment Market's growth between 2024 and 2031.

:- Accurate calculation of the size of the U.S. Hemophilia Treatment Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- U.S. Hemophilia Treatment Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of U.S. Hemophilia Treatment Market vendors

FAQ’S

Q.1 What are the main factors influencing the U.S. Hemophilia Treatment market?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top U.S. Hemophilia Treatment Market companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the U.S. Hemophilia Treatment market’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

Get more insights on this topic: https://www.pressreleasebulletin.com/u-s-hemophilia-treatment-market-trend-size-and-demand/

Comments