Hemoglobinopathies Market Size was valued at USD 6.31 billion in 2022. The Hemoglobinopathies Market industry is projected to grow from USD 6.48 Billion in 2023 to USD 9.95 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.20% during the forecast period (2023 - 2032).
A class of blood conditions known as hemoglobinopathies includes thalassemia, sickle cell disease, and many others. It is regarded as the most prevalent inherited disease in the world. Additionally, due to immigration, hemoglobinopathies are much more prevalent throughout central and northern parts of Europe, including Germany. The market is predicted to be driven by the increased prevalence of hemoglobin diseases such as thalassemia, Hb C, sickle cell anemia, and Hb E. The market is anticipated to expand due to the increasing incidence of diseases like sickle cell disease (SCD) and thalassemia and a robust product pipeline to receive medical care for hemoglobinopathies.
Lack of awareness, unmet needs in managing sickle cell disease and thalassemia, and the absence of a long-term solution are major contributors to the high frequency of hemoglobinopathies. During the projected period for hemoglobinopathies, there has been an increase in the creation and research for treatments, which has helped the market grow. In addition, several treatments are currently available, including hydroxyurea, ACE inhibitors, and monoclonal antibody drugs. Gene therapy and iron chelation therapy are two other treatments. Increased illness prevalence, new screening techniques, and innovative research and development initiatives are anticipated to drive the market share for hemoglobinopathies. Hemoglobinopathies are genetic diseases that parents pass on to their children. Mutations in the hemoglobin gene are the cause of hemoglobinopathies.
The two primary kinds of hemoglobinopathies are thalassemia and hemoglobin (Hb) variation, brought on by changes in the hemoglobin gene. The numerous hemoglobinopathies, such as beta thalassemia, sickle cell disease, and hemoglobin variation, cause numerous health issues. The health issues linked to the condition include vision blur, cardiac issues, decreased growth, gallstones, spleen enlargement, and stroke. The key driver of market expansion is the rise in disease prevalence.
Recent developments in gene editing technology might result in a treatment for hemoglobinopathies such as sickle cell disease and -thalassemia. Adenosine base editing may be more efficient for treating sickle cell disease and beta-thalassemia than other gene editing techniques like CRISPR/Cas9, according to a study conducted jointly by scientists from St Jude Children's Research Hospital in Tennessee and the Broad Institute of MIT and Harvard in Massachusetts. The scientists discovered that base editing produced more positive outcomes by comparing five alternative gene editing techniques in hematopoietic and progenitor stem cells using Cas9 nucleases or adenine base editors. To potentially give a universal treatment for the condition, the researchers looked to determine if fetal hemoglobin expression might be restored in post-natal red blood cells.
WHO has announced the inaugural gathering of the subgroup for developing guidelines on hemoglobinopathies. The World Health Organization (WHO) is dedicated to ensuring healthy lives and promoting well-being for all people of all ages in every country. WHO seeks to give worldwide, evidence-based recommendations to enhance maternal and perinatal wellness through its distinctive normative function in health.
| Report Attribute/Metric | Details |
| Market Size | USD 9.95 Billion by 2032 |
| CAGR | 7.20% (2023-2032) |
| Base Year | 2022 |
| Forecast Period | 2032 |
| Historical Data | 2021 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Treatment, End User |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Sanofi, Sangamo Therapeutics Inc., Global Blood Therapeutics, Bluebird Bio Inc., Emmaus Life Sciences Inc., Prolong Pharmaceuticals, Celgene Corporation, Alnylam Pharmaceuticals, Gamida Cell, Acceleron Pharma, Mast Therapeutic, HemaQuest Pharmaceuticals, and Invenux. |
| Key Market Opportunities | New product launches and R&D Amongst major key Players |
| Key Market Drivers | The increasing prevalence of hemoglobin-related disorders |
Hemoglobinopathies Market Highlights:
Frequently Asked Questions (FAQ) :
Global Hemoglobinopathies Market is projected to reach USD 9.95 billion by 2032.
Hemoglobinopathies Market is expected to exhibit a strong 7.20% CAGR over the forecast period from 2023 to 2032.
The increasing prevalence of hemoglobin-related disorders is the major driver for the market.
Lack of awareness among consumers and the presence of poor healthcare infrastructure in developing parts of the world are the key restraints on the market.
Leading players in the global hemoglobinopathies market include Sanofi, Emmaus Life Sciences, Gamida Cell, Invenux, Global Blood Therapeutics, Sangamo Therapeutics, Acceleron Pharma, Prolong Pharmaceuticals, and Bluebird Bio Inc., among others.
Research Analyst Level I He is an extremely curious individual currently working in healthcare and medical devices domain. kinjoll is comfortably versed in data centric research backed by healthcare educational background. he leverages extensive data mining and analytics tools such as primary and secondary research, statistical analysis, machine learning, data modelling. his key role also involves technical sales support, client interaction and project management within the healthcare team. lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.
Get in Touch
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
