Technology advancement

Technological Advancement and Sickle Cell Anemia Drugs Market Trends 2030

Research Nester released a report titled “Sickle Cell Drugs Market: Global Demand Analysis and Opportunity Outlook 2030” which provides an in-depth overview of the global Sickle Cell Drugs market in terms of market segmentation by treatment type, disease type, end-user, and region.

The Global sickle cell disease drug market is expected to register a substantial CAGR during the forecast period, i.e., 2021-2030. By type of treatment, the market is segmented into blood transfusion, stem cell transplantation and drug therapy, of which the stem cell transplantation segment is expected to hold the largest market share during the forecast period owing to the growing demand of stem cells. transplant, as this is the only treatment method that can completely cure sickle cell disease. However, the high cost of this treatment is expected to hamper the growth of the segment. The market is segmented by end user into hospitals, home care, specialty clinics and others. Among these, the hospital segment is expected to hold the largest market share over the forecast period, owing to the growing number of hospitals coupled with the rising number of sickle cell disease patients.

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The growth of the global sickle cell disease drug market can be attributed to the increasing number of cases of genetic disease in people due to various factors such as unhealthy lifestyles and hormonal changes, among others. Due to deletion of chromosomes in genes, red blood cells elongate and form a sickle shape. These red blood cells cannot carry oxygen, which makes the affected person oxygen deficient, causing various problems, such as sharp pain in the chest, swelling in the limbs, and dizziness. Moreover, increasing investment in R&D activities is expected to drive the growth of the market.

Geographically, the global sickle cell disease drugs market is segmented into five major regions, namely, North America, Europe, Asia-Pacific, Latin America, and Middle East & East region. Africa, whose North America market is estimated to dominate the market during the forecast period. This can be attributed to the presence of leading pharmaceutical companies in the region coupled with increasing investment in R&D activities for the development of new drugs. Additionally, increasing government investment in the healthcare sector and high per capita healthcare expenditure is expected to drive the growth of the market. According to data from According to the World Health Organization (WHO), more than US$10,050,279 was spent per capita on health services in North America, in 2018. The Asia-Pacific region market is expected to hold a major market share over the forecast period, owing to advanced treatment options and high demand for targeted therapies, supported by population growth and rising cases of the disease.

High investments in medical R&D to drive market growth

There is an upsurge in research related to the treatment of genetic diseases, due to the severe symptoms of sickle cell disease. Rising demand for new treatment methods, along with rising public and private funding in R&D activities, is estimated to drive the growth of the global sickle cell disease drug market over the coming years.

“The final report will cover the impact analysis of COVID-19 on this industry.”

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However, the high cost of treatment can financially and mentally drain the patient’s family, which is expected to restrain the market growth over the forecast period.

This report also provides the existing competitive scenario of some of the major players in the Global Sickle Cell Drugs Market which includes company profiling of Addmedica SAS, Medunik USA Inc., Emmaus Life Sciences, Inc. (OTCMKTS: EMMA), CellSeed , Inc. (TYO: 7776), Global Blood Therapeutics, Inc. (NASDAQ: GBT), Sio Gene Therapies Ltd. (NASDAQ: SIOX), Imara, Inc. (NASDAQ: IMRA), Modus Therapeutics AB, Bluebird bio, Inc. (NASDAQ: BLUE) and Vertex Pharmaceuticals Incorporated (NASDAQ: VRTX). Profiling contains key business information that encompasses an overview of businesses, products and services, key financial data, and recent news and developments. Overall, the report presents an in-depth overview of the Global Sickle Cell Anemia Drugs Market which will help industry consultants, equipment manufacturers, existing players looking for expansion opportunities, new players opportunity seekers and other stakeholders to align their market-centric strategies with current and expected future trends.

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Research Nester is a one-stop service provider with customers in over 50 countries, a leader in strategic market research and consulting with an unbiased and unparalleled approach to assisting global industry players, conglomerates and executives with their investments future while avoiding future uncertainties. With an out-of-the-box mindset to produce statistical and analytical market research reports, we provide strategic advice so that our clients can make sound business decisions with clarity while strategizing and planning their future needs and succeed in carrying out their future projects. We believe that every business can expand to its new horizon, provided the right direction at the right time is available through strategic minds.

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