You are currently viewing Hemoglobinopathies Market Size, Share, Growth, Report, Analysis 2024-2032

Hemoglobinopathies Market Size, Share, Growth, Report, Analysis 2024-2032

Hemoglobinopathies are inherited blood disorders that affect the structure or function of hemoglobin, the protein that carries oxygen in red blood cells. Hemoglobinopathies include sickle cell disease (SCD), thalassemia, and other rare conditions. According to the World Health Organization (WHO), hemoglobinopathies affect about 7% of the world population, with an estimated 300,000 to 500,000 births of affected children each year. Hemoglobinopathies are a major public health challenge, especially in low- and middle-income countries, where they cause significant morbidity and mortality, as well as economic and social burden.

The global hemoglobinopathies market was valued at USD 6.9 billion in 2023 and is projected to reach USD 15.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.7% during the forecast period. The market growth is driven by the increasing prevalence and awareness of hemoglobinopathies, the development and adoption of novel therapies and diagnostics, the improvement of healthcare infrastructure and access, and the supportive government policies and initiatives. However, the market growth is restrained by the high cost and limited availability of treatment options, the lack of skilled professionals and adequate screening programs, the social stigma and discrimination associated with hemoglobinopathies, and the ethical and regulatory issues related to gene therapy and blood transfusion.

Key Drivers and Constraints

The key drivers of the global hemoglobinopathies market are:

  • The rising incidence and prevalence of hemoglobinopathies, especially in regions with high malaria endemicity, such as Africa, Asia, and the Mediterranean. According to the WHO, about 5% of the global population carries a gene mutation for hemoglobinopathies, and about 1.1% of couples are at risk of having a child with a hemoglobinopathy. The global burden of hemoglobinopathies is expected to increase due to population growth, migration, and intermarriage.
  • The increasing awareness and education of hemoglobinopathies among patients, healthcare providers, and the general public, as well as the advocacy and support of various organizations, such as the Sickle Cell Disease Association of America (SCDAA), the Thalassemia International Federation (TIF), and the European Hematology Association (EHA). These efforts aim to improve the diagnosis, management, and quality of life of people living with hemoglobinopathies, as well as to promote research and innovation in the field.
  • The development and adoption of novel therapies and diagnostics for hemoglobinopathies, such as gene therapy, gene editing, stem cell transplantation, hydroxyurea, iron chelation, blood transfusion, and point-of-care testing. These technologies offer the potential to cure or modify the disease, reduce the complications and side effects, improve the efficacy and safety, and lower the cost and frequency of treatment. For instance, in 2019, the US Food and Drug Administration (FDA) approved the first gene therapy for beta thalassemia, Zynteglo, which uses a lentiviral vector to insert a functional beta-globin gene into the patient’s own hematopoietic stem cells.

The key constraints of the global hemoglobinopathies market are:

  • The high cost and limited availability of treatment options for hemoglobinopathies, especially in resource-limited settings, where the majority of the affected population resides. The treatment of hemoglobinopathies requires lifelong and intensive care, which can impose a significant financial burden on the patients and their families, as well as the healthcare system. The average annual cost of care for a patient with SCD in the US is estimated to be USD 10,000 to 30,000, while the cost of gene therapy can exceed USD 1 million. Moreover, the access to treatment is hampered by the lack of adequate healthcare infrastructure, facilities, equipment, and blood supply, as well as the geographic and socioeconomic barriers.
  • The lack of skilled professionals and adequate screening programs for hemoglobinopathies, especially in low- and middle-income countries, where the diagnosis and management of the disease are often delayed or missed. The diagnosis of hemoglobinopathies requires specialized laboratory tests, such as hemoglobin electrophoresis, high-performance liquid chromatography (HPLC), or molecular analysis, which are not widely available or affordable in many regions. The management of hemoglobinopathies requires a multidisciplinary team of hematologists, geneticists, nurses, social workers, and counselors, who are often scarce or poorly trained. Furthermore, the screening of newborns, pregnant women, and couples at risk of hemoglobinopathies is not universally implemented or standardized, leading to underreporting and underestimation of the disease burden.
  • The social stigma and discrimination associated with hemoglobinopathies, especially in cultures where the disease is considered a curse, a taboo, or a sign of inferiority. People living with hemoglobinopathies may face social isolation, rejection, harassment, or violence from their families, communities, or employers, due to the lack of awareness and understanding of the disease. This can affect their mental health, self-esteem, and quality of life, as well as their access to education, employment, and healthcare services.
  • The ethical and regulatory issues related to gene therapy and blood transfusion for hemoglobinopathies, which involve the manipulation of human cells and genes, as well as the potential transmission of infections or diseases. Gene therapy and blood transfusion raise ethical questions about the safety, efficacy, consent, ownership, and patenting of the products and procedures, as well as the social and environmental implications of altering the human genome. Moreover, gene therapy and blood transfusion are subject to strict and variable regulatory frameworks and guidelines, which may differ across countries and regions, and pose challenges for the development, approval, and distribution of the products and procedures.

Get a Free Sample Report with a Table of Contents: https://www.expertmarketresearch.com/reports/hemoglobinopathies-market/requestsample

Key Trends and Developments

Trends and Developments Examples
Increasing investment and collaboration in R&D NIH announced a USD 100 million investment for SCD and HIV, European Commission launched ERN-EuroBloodNet for rare blood disorders
Emergence and application of AI and big data UCSF and IBM identified a novel drug candidate, GBT440, for SCD, University of Oxford and University of Cape Town developed HemoApp for diagnosis
Increasing adoption and integration of telemedicine and digital health SCFG launched Sickle Cell Telemedicine Program, ASH launched ASH RC SCD to advance research and care of SCD

Read Full Report with Table of Contents:  https://www.expertmarketresearch.com/reports/hemoglobinopathies-market

Market Segmentation

Segment Types
Hemoglobinopathy Type Sickle Cell Disease, Thalassemia, Other Hemoglobinopathies
Diagnosis Type DNA Testing, Hemoglobin Electrophoresis, Complete Blood Count (CBC), Prenatal Testing, Newborn Screening, Others
Treatment Type Blood Transfusion, Bone Marrow Transplantation, Gene Therapy, Iron Chelation Therapy, Others
End User Hospitals, Diagnostic Laboratories, Research Institutions, Blood Banks, Others
Region North America, Europe, Asia Pacific, Latin America, Middle East, Africa

Competitive Landscape

The global hemoglobinopathies market is highly competitive, with the presence of many local and international players. The market players compete on the basis of product quality, price, innovation, distribution, and customer service. The key market players include Novartis AG, GlaxoSmithKline plc, Bluebird Bio, Inc., Sanofi, F. Hoffmann-La Roche Ltd., Acceleron Pharma, Inc., Emmaus Life Sciences, Inc., Celon Pharma S.A., AstraZeneca plc, Mast Therapeutics, Inc. (now known as BeyondSpring), Pfizer Inc., Cipla Inc., Bristol Myers Squibb Company, Juno Therapeutics (acquired by Bristol Myers Squibb), and Emmaus Medical, Inc., among others.

The key players in the market are adopting various strategies, such as mergers and acquisitions, partnerships and collaborations, product launches and enhancements, and geographic expansions, to gain a competitive edge and increase their market share. For instance:

Company Partner Drug Approval Date Indication Notes
Novartis AG N/A Adakveo (crizanlizumab) March 2020 Sickle cell disease First targeted therapy for this condition, approved in US, Europe, Canada, Brazil, and Switzerland
GlaxoSmithKline plc Bluebird Bio, Inc. LentiGlobin (betibeglogene autotemcel) June 2021 Transfusion-dependent beta-thalassemia (TDT) Received positive opinion from EMA’s CHMP, one-time treatment that uses patient’s own stem cells

 

Read more report:

Ureteroscopy Market –  https://www.expertmarketresearch.com/reports/ureteroscopy-market

Radiodermatitis Market –  https://www.expertmarketresearch.com/reports/radiodermatitis-market

Medical devices market –  https://www.expertmarketresearch.com/reports/medical-devices-market

About Us:

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

Our high-quality, data-driven analyses provide the essential framework for organizations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organization remains agile, proactive, and poised for success in today’s competitive market.

Don’t miss the opportunity to elevate your business intelligence and fortify your strategic planning. Secure your organization’s future success by acquiring one of our Expert Market Research reports today.

Media Contact:

Company Name: Claight Corporation
Contact Person: Robin Johnson, Business Consultant
Email: sales@expertmarketresearch.com
Toll-Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
Website: www.expertmarketresearch.com

Expert Market Research

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally. At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.