Hemoglobinopathy Market To Expand with an ASTONISHING CAGR The Forecast to 2027
SummaryThe synthesis defect of alpha globin gives rise to alpha thalassemia and defect in beta globin give rise to beta thalassemia. The structural hemoglobin variants occur due to alteration of alpha and beta chains that causes defect in structure.
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Hemoglobinopathy is a group of blood disorders inherited from the parents that involve an abnormality in the hemoglobin structure. The disorder consists of both thalassemia and sickle cell disease (SCD). Typical symptoms such as shortness of breath, enlarged spleen, severe pain, and growth problems in children are evident.
The global Hemoglobinopathy market is estimated to account for US$ 523.4 Mn in terms of value in 2019 and is expected to reach US$ 1,001.6 Mn by the end of 2027.
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Increasing pervasiveness of sickle cell disease is expected to fuel the global Hemoglobinopathy market growth over the forecast period. For instance, the study, ‘Prevalence of sickle cell disease and sickle cell trait among children admitted to Al Fashir Teaching Hospital North Darfur State, Sudan’, published in October 2019, revealed a ubiquity of 59 for sickle cell disorder.
Moreover, initiatives by the government to manage and treat hemoglobinopathies are also expected to support the global Hemoglobinopathy market growth. For instance, the Ministry of Health and Family Welfare, Government of India, in August 2018, issued the latest draft policy for hemoglobinopathies in India.
Europe, in 2018, followed by North America, held a dominant position in global Hemoglobinopathy market, reckoning a share of 32.6% in terms of value.
Hemoglobinopathy’s epidemiological data is incomplete and several emerging economies are unaware of the precise burden of these disorders. Hence, recognizing the socio-economic burden related to these disorders is expected to provide rewarding growth opportunities for players in the global Hemoglobinopathy market.
Moreover, education and awareness programs in the schools, colleges and community, relating to hemoglobinopathies are also expected to support the global Hemoglobinopathy market growth.
Regular Red Blood Cell (RBC) count segment in the global Hemoglobinopathy market was valued at US$ 161.4 Mn in 2019 and is expected to reach US$ 277.9 Mn by 2027 at a CAGR of 7.4% during the forecast period.
Companies Covered as part of this study include: Novartis AG, AstraZeneca, Bluebird Bio Inc., Bristol-Myers Squibb, Emmaus Medical, Inc., Acceleron Pharma, Inc., HemaQuest Pharmaceuticals Inc., Eli Lilly and Company, Celgene Corporation, and Acceleron Pharma, Inc.
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Global Hemoglobinopathy Market, By Test Type:
- Routine Red Blood Cell (RBC) count
- Genetic Testing
- Hemoglobin by high performance liquid chromatography
- Hemoglobin isoelectric focusing ( Hb IEF)
- Hemoglobin electrophoresis (Hb ELP)
- Hemoglobin solubility test
Global Hemoglobinopathy Market, By Indication:
- Sickle Cell Disease
- Beta Thalassemia
- Alpha Thalassemia
Global Hemoglobinopathy Market, By End User:
- Diagnostic Laboratories
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