Rare Haematology Disorders Market Outlook
According to a new report by Expert Market Research titled, “Global Rare Haematology Disorders Market Size, Price, Growth, Report and Forecast 2023-2028″, the global rare haematology disorders market is projected to grow at a CAGR of 5.6% between 2023 and 2028. Aided by the growing occurrence of rare haemoglobin disorders and rare blood cancers, the market is expected to grow significantly by 2028.
Rare haematology disorders encompass a broad spectrum of conditions that affect the blood or blood-forming organs. These include diseases such as paroxysmal nocturnal haemoglobinuria (PNH), atypical haemolytic uremic syndrome (aHUS), Gaucher disease, and various rare forms of anaemia and coagulation disorders. These conditions often require long-term management and can significantly affect the patient’s quality of life.
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The rare haematology disorders market is expanding due to the rising incidence of rare haemoglobin abnormalities and rare blood cancers, which are anticipated to hold one of the largest market shares due to the rising number of medications that are approved for these indications. With growing awareness and improved diagnostic techniques, these conditions are being identified more accurately and at an earlier stage. This has led to a surge in demand for therapeutics catering to rare haematology disorders. Additionally, the rising focus on personalised medicine and genetic therapies has significantly expanded the treatment possibilities for these disorders.
The expanding application of novel therapies in treating rare haematology disorders is another key factor propelling rare haematology disorders market growth. The pharmaceutical industry has shown a growing interest in developing and commercialising treatments for these disorders, given their high unmet need and the associated commercial incentives such as orphan drug status. This includes novel treatment approaches such as enzyme replacement therapies, gene therapies, and small molecule therapies.
Furthermore, the growing investment in research and development activities for rare disorders is fostering rare haematology disorders market expansion. Government bodies, non-profit organisations, and pharmaceutical companies are increasingly funding research initiatives to understand these disorders’ pathology and develop effective treatments. This is coupled with increased regulatory support for drug development in this field, including fast-track approvals and market exclusivity benefits.
Rare Haematology Disorders Market Segmentation
The market can be divided based on treatment type, disease indication, dosage form, age group, and region.
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Market Breakup by Treatment Type
- Plasma Derived
- Recombinant
Market Breakup by Disease Indication
- Haemoglobin Disorders
- Rare Blood Cancers
- Platelet Based Disorders
- Plasma Disorders
- Myeloproliferative Disorders
- Genetic Haematology Disorders
- Others
Market Breakup by Dosage Form
- Oral
- Injectable
- Others
Market Breakup by Age Group
- Adult (18+)
- Paediatric (0-17)
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global rare haematology disorders companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Bristol-Myers Squibb Company
- Novo Nordisk A/S
- F. Hoffmann-La Roche Ltd
- Emmaus Medical, Inc.
- Pfizer Inc.
- Bayer AG
- Others
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