Sickle-Cell Anemia Therapeutics Market in the US 2018-2022 to Post 15% CAGR | Technavio
Technavio analysts forecast the sickle-cell anemia therapeutics market in the US to grow at a CAGR of over 15% during the forecast period, according to their latest market research report.
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Technavio has published a new market research report on the sickle-cell anemia therapeutics market in the US from 2018-2022. (Graphic: Business Wire)
Orphan drug designations for sickle-cell anemias are one of the major trends being witnessed in the sickle-cell anemia therapeutics market in the US 2018-2022. The prevalence rate of sickle-cell anemia is usually lower than the other mainstream indications such as diabetes and hypertension, as it is a rare disorder. Hence, drug companies refrain from investing large amounts in R&D of drug discovery. To overcome such hurdles, regulatory bodies have granted orphan drug designation which will support the pipeline of therapeutics for the treatment of sickle-cell anemia.
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According to Technavio analysts, one of the key factors contributing to the growth of the sickle-cell anemia therapeutics market in the US is the initiatives to increase awareness about sickle-cell anemia:
Sickle-cell anemia therapeutics market in the US: Initiatives to increase awareness about sickle-cell anemia
Sickle-cell anemia is the specific type of rare genetic sickle-cell disease; therefore, patients are unable to observe the symptoms very early. Early screening, diagnosis, and treatment will allow people with sickle-cell anemia to live much longer. Therefore, it is crucial to provide awareness about early screening, diagnosis, and treatment of sickle-cell diseases. Many organizations are conducting awareness programs to increase the awareness of sickle-cell anemia.
According to a senior analyst at Technavio for research on pharmaceuticals, “Millions of people do not know they have sickle-cell trait, as the trait usually does not cause illness. In countries such as the US, most of the patients diagnosed with sickle-cell anemia experience acute pain, infections, and costly hospitalization. Thus, numerous initiatives are being undertaken by different organizations to improve patient access to therapies and care.”
Sickle-cell anemia therapeutics market in the US: Segmentation analysis
The sickle-cell anemia therapeutics market in the US research report provides market segmentation by therapy (hydroxyurea and L-glutamine therapy). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The hydroxyurea segment held the largest market share in 2017. This therapy segment is expected to dominate the global market throughout the forecast period.
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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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