Rest of the World Factor VIII Deficiency Treatment Market, by Product Type (Plasma Derived Coagulation Factor Concentrates, Recombinant Coagulation Factor Concentrates, Biologic (Hemlibra), and Desmopressin), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (Latin America, Asia Pacific, Middle East & Russia, and Africa), was valued at US$ 2,039.4 million in 2018, and is expected to exhibit a CAGR of 4.7%, over the forecast period (2019-2027).
Increasing incidence & prevalence of hemophilia is expected to drive growth of factor VIII deficiency treatment market over the forecast period. For instance, according to the World Federation of Hemophilia (WFH) 2018 statistics, there were around 440,000 people globally, who suffered from hemophilia, of which around 173,000 people were diagnosed with hemophilia A or B in 2017. Major players are focused on product or drug launches and approvals, owing to the rising demand of factor VIII deficiency treatment. For instance, in March 2016, U.S. Food and Drug Administration approved Kedrion’s, Koate Double Viral Inactivation (DVI) Antihemophilic Factor (human) with Mix2Vial, for the treatment of factor VIII deficiency. Moreover, in May 2018, Chugai Pharmaceutical Co., Ltd., a subsidiary of Roche Group launched its anticoagulation factor IXa/X humanized biospecific monoclonal antibody/ coagulation factor VIII substitute, HEMLIBRA for routine prophylaxis, to prevent or reduce the frequency of bleeding episodes in patients with congenital factor VIII deficiency (hemophilia A) with factor VIII inhibitors.
Browse 40 Market Data Tables and 25 Figures spread through 273 Pages and in-depth TOC on ‘Factor VIII Deficiency Treatment Market’- rest of the world forecast to 2027, by Product Type (Plasma Derived Coagulation Factor Concentrates, Recombinant Coagulation Factor Concentrates, Biologic (Hemlibra), and Desmopressin), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies), and by Region (Latin America, Asia Pacific, Middle East & Russia, and Africa)
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Asia Pacific is expected to offer lucrative market opportunity in the factor VIII deficiency treatment market over the forecast period, owing to the favorable regulatory scenario and guidelines by the government authorities, which is expected to fuel growth of the market over the forecast period. For instance, according to the World Hemophilia Foundation’s 2015 report of National Tenders for Purchase of Clotting Factor Concentrates, in Brazil the purchase of clotting factor concentrates has to be approved and licensed by the Brazilian Health Surveillance Agency (ANVISA), which is the national authority for product regulation and inspection. Moreover, several major players in the market are focusing on collaborations with an aim to develop novel therapies for the deficiency treatment, which is expected to facilitate growth of the market over the forecast period. For instance, in August 2018, RCSI, a Dublin-based international health sciences institution, and Bayer AG entered into a research collaboration to develop new treatment options for people with severe hemophilia. Furthermore, in May 2017, Sangamo Therapeutics, Inc. a genomic medicine company, and Pfizer Inc., entered into a global collaboration and license agreement for development and commercialization of a gene therapy based product for the treatment of hemophilia A.
Key Takeaways of the Factor VIII Deficiency Treatment Market:
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